We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported … percentage points. These results imply a role for aggregate demand stabilization policy to buffer the economic consequences of …

rate. The supply of high-skilled workers more than doubled during this period, contributing significantly to the slowdown …. Polarization of employment demand is the more credible explanation for the more recent evolution. As in other developed economies …

rate. The supply of high-skilled workers more than doubled during this period, contributing significantly to the slowdown …. Polarization of employment demand is the more credible explanation for the more recent evolution. As in other developed economies …

own-price elasticity of quantity demand for soda of between −1.0 and −1.3. These estimates ignore consumer responses on … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity … demand is just −0.2 to −0.3, so tax-induced soda price increases might cut average weights by less than one pound, which is …

We discuss changes in the demand for paid sex accompanying the criminalization of prostitution in the United Kingdom … Lifestyles (Natsal2, conducted in 2000-2001 and Natsal3, conducted in 2010-2012) to illustrate the changes in demand that have … taken place across the two waves. We do not find demand decreasing in our sample and find a shift in the composition of …

productivity and demand shocks have distinct implications for the firms' output and price adjustments. Using panel data on prices … productivity and demand for the labor market and the dispersions of prices and labor productivity. We further analyze the impact of … shocks to the first and second moments of idiosyncratic risk on macroeconomic outcomes. An increase in demand uncertainty …