We explore two issues triggered by the crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation between inflation and...

We explore two issues triggered by the global financial crisis. First, in most advanced countries, output remains far below the pre-recession trend, suggesting hysteresis. Second, while inflation has decreased, it has decreased less than anticipated, suggesting a breakdown of the relation...

We examine the link between financial market illiquidity and macroeconomic dynamics by fitting a Bayesian time-varying parameter VAR with stochastic volatility to UK data from 1988Q1 to 2016Q4. We capture liquidity conditions in the stock market using a battery of illiquidity proxies. This paper...

In 2020, parents' work-from-home days increased fourfold following the initial COVID-19 pandemic lockdown period compared to 2015-2019. At the same time, many daycares closed, and the majority of public schools offered virtual or hybrid classrooms, increasing the demand for household-provided...

In 2020, parents' work-from-home days increased fourfold following the initial COVID-19 pandemic lockdown period compared to 2015-2019. At the same time, many daycares closed, and the majority of public schools offered virtual or hybrid classrooms, increasing the demand for household-provided...

We identify pertinent institutions governing the structure of payoffs with regard to female career progression. Drawing on recent insights in behavioral economics, we hypothesize that interactions between psychological mechanisms and the institutional setup may be important determinants of...

We identify pertinent institutions governing the structure of payoffs with regard to female career progression. Drawing on recent insights in behavioral economics, we hypothesize that interac-tions between psychological mechanisms and the institutional setup may be important determinants of...

The chapter examines how the various dimensions of economic inequality between men and women are analyzed today. Beyond the gender wage gap—a central issue—and of course the still far from equal sharing of housework, the chapter also reviews research on gender inequality in access to...