strength of spillovers from durable to nondurable consumption, as predicted by theory, is empirically correlated with how much …

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 …

households when the effect on household income is partly in the future. …

expectations for disaggregated consumption categories, I find household expectations are disproportionately driven by beliefs about …

investigates how central banks should react to household inflation heterogeneity in a tractable New Keynesian model. We include two … considers the individual inflation rate of the household experiencing the higher inflation rate. Furthermore, output fluctuates … less under that regime. After a negative supply shock, a central bank only considering the household experiencing the …