entirely the negative effect of the inflationary shock on the lowest-income population, given that, on the one hand, the shock …

How do trade patterns change after an external shock such as an economic crisis, and is this shift structural? This …

response to a future shock always becomes weaker the further away the shock is. There is no forward guidance puzzle in any … sensible general equilibrium model if forward guidance is a one-time shock in the future. The difference from the literature …, one-time shock in the future. I unpack the standard forward guidance exercise in different ways, and show that there is …

shock leading to losses that occur with an exogenous probability and in a stochastically independent way. The regions can …

the source of debt which is most sensitive to shocks is foreign funding. In fact, any shock creates a wedge between the …