Showing 1 - 10 of 21
Expectations about macro-finance variables, such as inflation, vary significantly across genders, even within the same …, which in turn produce systematic variation in expectations. Using unique data on the contributions of men and women to … household grocery chores, their resulting exposure to price signals, and their inflation expectations, we show that the gender …
Persistent link: https://www.econbiz.de/10012207923
Using a large-scale survey of U.S. consumers, we study how the large one-time transfers to individuals from the CARES Act affected their consumption, saving and labor-supply decisions. Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15...
Persistent link: https://www.econbiz.de/10012269580
Using a large-scale survey of U.S. consumers, we study how the large one-time transfers to individuals from the CARES Act affected their consumption, saving and labor supply decisions. Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15...
Persistent link: https://www.econbiz.de/10012270282
We use a large-scale representative survey of households from October 19-21 that elicits respondents' expectations … about the presidential election's outcome as well as their economic expectations to document several new facts. First … changes in economic expectations in turn are likely to affect household economic decisions. …
Persistent link: https://www.econbiz.de/10012322622
Climate change policies have been rising to the top of the global political agenda, but how should governments finance them? Public economists propose solutions based on economic theory, but their political feasibility depends on voters’ support, and ordinary households often neglect economic...
Persistent link: https://www.econbiz.de/10013266692
Expectations about economic variables vary systematically across genders. In the domain of inflation, women have … persistently higher expectations than men. We argue that traditional gender roles are a significant factor in generating this … gender expectations gap as they expose women and men to different economic signals in their daily lives. Using unique data on …
Persistent link: https://www.econbiz.de/10012655970
We exploit the unexpected announcement of an immediate, temporary VAT cut in Germany in the second half of 2020 as a natural experiment to study the spending response to unconventional fiscal policy. We use survey and scanner data on households’ consumption expenditures and their perceived...
Persistent link: https://www.econbiz.de/10012799699
substantially. We document this fact by comparing an easy-to-grasp expectations-based policy, unconventional fiscal policy, with a … consumption via managing inflation expectations based on the Euler equation. Unconventional fiscal policy uses trivial … announcements of future consumer-price increases to boost inflation expectations and consumption expenditure on impact. Instead …
Persistent link: https://www.econbiz.de/10012140994
unconventional policies that aim to increase households' spending directly through managing their expectations. We first show … theoretically and empirically that higher in ation expectations increase households' consumption. We then design a difference … demand via managing expectations. Whereas unconventional fiscal policy increases households' expectations and spending …
Persistent link: https://www.econbiz.de/10012496058
Climate change policies have been rising to the top of the global political agenda, but how should governments finance them? Public economists propose solutions based on economic theory, but their political feasibility depends on voters' support, and ordinary households often neglect economic...
Persistent link: https://www.econbiz.de/10013186775