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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. …
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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 …
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We examine the role of demand composition in explaining the trade collapse and recovery during the ongoing covid-19 … crisis. We apply an import-intensity-adjusted measure of demand to examine import trends in 40 advanced and emerging … 2008-2009. As during the global financial crisis, we find that import-intensity-adjusted demand is a key factor …
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Reissl et al. (2021) by incorporating the effects of changes in mobility on the level and composition of consumption demand … 2021, finding that the model performs well. We then evaluate the relative importance of demand- and supply-side factors in … final demand play pivotal roles at the aggregate and regional levels, as well as for most sectors. While policies supporting …
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