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Managing Households' Expectations with Unconventional Policies
D’Acunto, Francesco - 2020
With a binding effective lower bound on interest rates and large government deficits, conventional policies are unviable and policymakers resort to unconventional policies, which target households' expectations directly. Using unique micro data and a difference-in-differences strategy, we assess...
Persistent link: https://www.econbiz.de/10012481594
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Dynamic Salience with Intermittent Billing : Evidence from Smart Electricity Meters
Gilbert, Ben - 2013
goods has expanded from household utilities, toll road access and software downloads to standard consumption goods paid by … decisions. This paper exploits hourly household electricity consumption data collected by "smart" electricity meters to examine … receipt of an electricity bill, but the response varies considerably by household type and season. Our results also suggest …
Persistent link: https://www.econbiz.de/10012459153
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Households' Response to the Wealth Effects of Inflation
Schnorpfeil, Philip; Weber, Michael; Hackethal, Andreas - National Bureau of Economic Research - 2023
We study the redistributive effects of inflation combining administrative bank data with an information provision experiment during an episode of historic inflation. On average, households are well-informed about prevailing inflation and are concerned about its impact on their wealth; yet, while...
Persistent link: https://www.econbiz.de/10014372429
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Nationalism and Economic Exchange : Evidence from Shocks to Sino-Japanese Relations
Fisman, Raymond - 2014
reaction to adverse shocks to Sino-Japanese relations in 2005 and 2010. Japanese companies with high China exposure suffer …
Persistent link: https://www.econbiz.de/10012458576