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Managing households' expectations with unconventional policies
D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2021
-in-differences strategy to assess the effectiveness of unconventional fiscal policy and forward guidance, both of which aim to raise aggregate … demand via managing expectations. Whereas unconventional fiscal policy increases households' expectations and spending …
Persistent link: https://www.econbiz.de/10012490917
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Die Kleinteiligkeit der ostdeutschen Wirtschaft – dynamisch betrachtet
Ochsner, Christian; Weber, Michael - In: ifo Dresden berichtet 21 (2014) 05, pp. 22-33
Wir betrachten die Kleinteiligkeit der ostdeutschen Wirtschaft aus den Blickwinkeln der Überlebenswahrscheinlichkeit und der Beschäftigungsentwicklung. Hierzu analysieren wir anhand des Betriebshistorik - panels Betriebe, die in den Jahren 1995 bis 1998 gegründet wurden. Für die...
Persistent link: https://www.econbiz.de/10011148779
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Die Kleinteiligkeit der ostdeutschen Wirtschaft – dynamisch betrachtet
Ochsner, Christian; Weber, Michael - In: ifo Dresden berichtet 21 (2014) 5, pp. 22-33
Wir betrachten die Kleinteiligkeit der ostdeutschen Wirtschaft aus den Blickwinkeln der Überlebenswahrscheinlichkeit und der Beschäftigungsentwicklung. Hierzu analysieren wir anhand des Betriebshistorik - panels Betriebe, die in den Jahren 1995 bis 1998 gegründet wurden. Für die...
Persistent link: https://www.econbiz.de/10011733408
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The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications
Weber, Michael; D’Acunto, Francesco; Gorodnichenko, Yuriy - 2022
heterogeneous reactions to business-cycle shocks and policy interventions. We conclude by highlighting the relevant open questions … and why tackling them is important for academic research and policy making. …
Persistent link: https://www.econbiz.de/10013351930
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The subjective inflation expectations of households and firms : measurement, determinants, and implications
Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - 2022
Persistent link: https://www.econbiz.de/10013269793
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The subjective inflation expectations of households and firms : measurement, determinants, and implications
Weber, Michael; D'Acunto, Francesco; Gorodnichenko, Yuriy; … - 2022
heterogeneous reactions to business-cycle shocks and policy interventions. We conclude by highlighting the relevant open questions … and why tackling them is important for academic research and policy making. …
Persistent link: https://www.econbiz.de/10013271201
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A Temporary VAT Cut as Unconventional Fiscal Policy
Bachmann, Ruediger; Born, Benjamin; Goldfayn-Frank, Olga; … - 2021
natural experiment to study the spending response to unconventional fiscal policy. We use survey and scanner data on …-through. Semi- and non-durable spending also increased. According to our preferred estimates, the VAT policy increased aggregate …
Persistent link: https://www.econbiz.de/10012799699
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Big G
Cox, Lydia; Müller, Gernot; Pasten, Ernesto; Schoenle, … - 2020
"Big G" typically refers to aggregate government spending on a homogeneous good. In this paper, we open up this construct by analyzing the entire universe of procurement contracts of the US government and establish five facts. First, government spending is granular, that is, it is concentrated...
Persistent link: https://www.econbiz.de/10012207994
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Big G
Cox, Lydia; Müller, Gernot J.; Pasten, Ernesto; … - 2020
"Big G" typically refers to aggregate government spending on a homogeneous good. In this paper, we open up this construct by analyzing the entire universe of procurement contracts of the US government and establish five facts. First, government spending is granular, that is, it is concentrated...
Persistent link: https://www.econbiz.de/10012206057
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A temporary VAT cut as unconventional fiscal policy
Bachmann, Ruediger; Born, Benjamin; Goldfayn-Frank, Olga; … - 2021
natural experiment to study the spending response to unconventional fiscal policy. We use survey and scanner data on …-through. Semi- and non-durable spending also increased. According to our preferred estimates, the VAT policy increased aggregate …
Persistent link: https://www.econbiz.de/10012668478