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On household labour supply in sticky-wage HANK models
Gerke, Rafael; Giesen, Sebastian; Lozej, Matija; … - 2024 - November 24, 2023
unions can demand different hours from different households, directly taking household heterogeneity into account. In this … households work the same amount but prohibits unions from requiring any household to work more than it would like to. This …
Persistent link: https://www.econbiz.de/10014467926
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Monetary policy with heterogeneous households and imperfect risk-sharing
Lee, Jae Won - In: Review of economic dynamics 17 (2014) 3, pp. 505-522
Persistent link: https://www.econbiz.de/10011280935
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Money matters in households, money matters and household production, but not only money matters : an introduction to September 2020 issue of REHO
Grossbard-Shechtman, Shoshana - In: Review of Economics of the Household 18 (2020) 3, pp. 571-573
Persistent link: https://www.econbiz.de/10012303261
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Households increasingly dependent on public transfers
Kinnunen, Helvi; Mäki-Fränti, Petri - In: Bank of Finland bulletin (2015) 3, pp. 40-47
Persistent link: https://www.econbiz.de/10012040884
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A tail of labor supply and a tale of monetary policy
Cantore, Cristiano; Ferroni, Filippo; Mumtaz, Haroon; … - 2022
We study the interaction between monetary policy and labor supply decisions at the household level. We uncover evidence … mechanism of monetary policy is highly dependent on the different layers of heterogeneity on the household side and the …
Persistent link: https://www.econbiz.de/10013273335
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Macroeconomic effects of gender discrimination
Neyer, Ulrike; Stempel, Daniel - 2019
in a New Keynesian model. We extend standard frameworks by including unpaid household production in addition to paid … labor market work, by assuming that the representative household consists of two agents, and by introducing discriminatory … the household and less in the paid labor market than men. This inefficient working time allocation between women and men …
Persistent link: https://www.econbiz.de/10012062713
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COVID-19 Pandemic, Direct Cash Transfers, and the Federal Reserve
Beckworth, David - 2020
Over the past few years, some observers have been warning that the Fed needs to update its operating framework to include a level target and the ability to implement direct cash transfers in special situations like the current crisis. They make the case that it is better for the Fed to provide...
Persistent link: https://www.econbiz.de/10012838303
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Redistribution and the monetary-fiscal policy mix
Bhattarai, Saroj; Lee, Jae Won; Yang, Choongryul - 2020
We show that the effectiveness of redistribution policy in stimulating the economy and improving welfare is directly tied to how much inflation it generates, which in turn hinges on monetary-fiscal adjustments that ultimately finance the transfers. We compare two distinct types of...
Persistent link: https://www.econbiz.de/10012388237
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Redistribution and the monetary-fiscal policy mix
Bhattarai, Saroj; Lee, Jae Won; Yang, Choongryul - 2020
Persistent link: https://www.econbiz.de/10012542395
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Redistribution and the monetary-fiscal policy mix
Bhattarai, Saroj; Lee, Jae-Won; Yang, Choongryul - In: Quantitative economics : QE ; journal of the … 14 (2023) 3, pp. 817-853
We show that the effectiveness of redistribution policy is tied to how much inflation it generates, and thereby to monetary‐fiscal adjustments that ultimately finance the transfers. In the monetary regime, taxes increase to finance transfers while in the fiscal regime, inflation rises,...
Persistent link: https://www.econbiz.de/10014362537