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Understanding U.S. Inflation During the COVID Era
Ball, Laurence; Leigh, Daniel; Mishra, Prachi - 2022
This paper analyzes the dramatic rise in U.S. inflation since 2020, which we decompose into a rise in core inflation as measured by the weighted median inflation rate and deviations of headline inflation from core. We explain the rise in core with two factors, the tightening of the labor market...
Persistent link: https://www.econbiz.de/10014238516
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Helping with the homework : support mechanisms for uncertain reforms in a monetary union
Hefeker, Carsten - In: Jahrbücher für Nationalökonomie und Statistik 239 (2019) 5/6, pp. 983-1004
Persistent link: https://www.econbiz.de/10012122243
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Essays in macroeconomics
Trabandt, Mathias - 2007
Persistent link: https://www.econbiz.de/10003583132
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Oil Price Shocks, Fuel Subsidies and Macroeconomic (In)stability in Nigeria
Omotosho, Babatunde S. - 2021
This paper studies the macroeconomic implications of oil price shocks and the extant fuel subsidy regime for Nigeria … rate depreciates more in the short-run. Counterfactual simulations also reveal that fuel subsidy removal leads to higher …, this study cautions that a successful fuel subsidy reform must necessarily encompass the deployment of well-targeted safety …
Persistent link: https://www.econbiz.de/10013240450
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Optimal monetary policy in the presence of food price subsidies
Ginn, William; Pourroy, Marc - In: Economic modelling 81 (2019), pp. 551-575
Persistent link: https://www.econbiz.de/10012202159
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Policy uncertainty, lender of last resort and the real economy
Jasova, Martina; Mendicino, Caterina; Supera, Dominik - 2021
cross-sectional variation in banks' exposureto uncertainty and find that the size of thehaircut subsidy - the gap between …
Persistent link: https://www.econbiz.de/10012426306
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A Response to the Taylor Review
Shackleton, J. R.; Whyte, Jamie - 2021
The Taylor Review should be commended for recognising the success of the UK’s flexible labour market and for refusing to endorse the outright bans on zero-hours contracts and app-based “gig” economy advocated by the Labour Party, trade unions, and other pressure groups. However, its...
Persistent link: https://www.econbiz.de/10013224838
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Sectoral Heterogeneity in Nominal Rigidities in Korea : Implications for Monetary Policy
Gu Chee, Chung - 2018
This paper documents how the frequency of price changes differs across sectors in Korea and what implications such heterogeneity may have for monetary policy. We find that under heterogeneity: i) monetary policy has larger and more persistent real effects; ii) it is welfare improving to...
Persistent link: https://www.econbiz.de/10012921247
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Monetary Policy Under Labor Market Power
Burya, Anastasia; Mano, Rui C.; Timmer, Yannick; Weber, Anke - 2022
Using the near universe of online vacancy postings in the U.S., we study the interaction between labor market power and monetary policy. We show empirically that labor market power amplifies the labor demand effects of monetary policy, while not disproportionately affecting wage growth. A search...
Persistent link: https://www.econbiz.de/10014079905
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Family welfare and the cost of unemployment
Hotchkiss, Julie L.; Moore, Robert E.; Rios-Avila, Fernando - 2017
This paper calculates the cost of an unemployment shock in terms of family welfare for married and single families separately and by education level. We find that, overall, families face an average annualized expected dollar equivalent welfare loss of $1,156 when the unemployment rate rises by 1...
Persistent link: https://www.econbiz.de/10011722374