> <li>Some Building Blocks</li> <li>Review of Supply and Demand</li> <li>Preferences, Utility, Demand</li> <li>Income and …

We study planned price changes 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 deficiencies dominate in the short run. Quarter … role for demand stimulus policy to buffer the Covid-19 economic crisis. …

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 …

and demand. Supply disruptions turn out to be a bigger factor in historical oil price movements and inventory accumulation … uncertainty about the identifying assumptions themselves. We use this approach to revisit the importance of shocks to oil supply … a smaller factor than implied by earlier estimates. Supply shocks lead to a reduction in global economic activity after …

This paper identifies supply and demand shocks that are specific to the oil-market, and separates them from economy …-wide shocks that affect the demand for many asset classes, including oil. The shocks are identified by the sign and magnitude of …

We assess how demand and supply shocks (identified via the Blanchard and Quah (1989) SVAR approach) in 14 OECD … countries affect mark-ups. We find that individual responses of markups to demand shocks push down the markup for most countries … (confirmed in the panel analysis). On the other hand, a supply shock has a more mixed effect …

mainly the imposition of a highly unrealistic prior for the global impact price elasticity of oil supply. Once identification … uncertainty about the global price elasticity of oil supply is accounted for by specifying a prior more in line with extraneous …

mainly the imposition of a highly unrealistic prior for the global impact price elasticity of oil supply. Once identification … uncertainty about the global price elasticity of oil supply is accounted for by specifying a prior more in line with extraneous …

and demand. Supply disruptions turn out to be a bigger factor in historical oil price movements and inventory accumulation … uncertainty about the identifying assumptions themselves. We use this approach to revisit the importance of shocks to oil supply … a smaller factor than implied by earlier estimates. Supply shocks lead to a reduction in global economic activity after …

We obtain the following results. (ii) Both supply and demand shocks are important sources of fluctuations; supply … prevails for GDP, while demand prevails for employment and information. (ii) Policy matters: Both monetary and fiscal policy … implement important systematic countercyclical policies reacting to demand shocks. (iii) Negative demand shocks have a large …