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Printing Away the Mortgages : Fiscal Inflation and the Post-Covid Boom
Diamond, William F.; Landvoigt, Tim; Sánchez, Germán … - National Bureau of Economic Research - 2024
We analyze the impact of fiscal and monetary stimulus in an economy with mortgage debt, where inflation redistributes … inflation, increasing consumption demand and house prices. The power of fiscal stimulus grows when borrowers are more indebted …. We then show quantitatively that transfers followed by easy monetary policy cause a surge in inflation which helps …
Persistent link: https://www.econbiz.de/10014576602
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Coronavirus fiscal policy in the United States : lessons from feminist political economy
Moos, Katherine A. - In: Feminist economics 27 (2021) 1/2, pp. 419-435
Persistent link: https://www.econbiz.de/10012500575
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Quantifying the inflationary impact of fiscal stimulus under supply constraints
Di Giovanni, Julian; Kalemli-Ozcan, Sebnem; Silva, Álvaro - 2023
policy to U.S. inflation over the December 2019-June 2022 period. Model calibrations show that aggregate demand shocks … explain roughly two-thirds of total model-based inflation, and that the fiscal stimulus contributed half or more of the total …
Persistent link: https://www.econbiz.de/10013548957
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Cross-region transfers in a monetary union : evidence from the US and some implications
Pennings, Steven - 2020
US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...
Persistent link: https://www.econbiz.de/10012241154
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Portfolio aspects of inflation-protection securities
Gapen, Michael T. - 2004
Persistent link: https://www.econbiz.de/10003386872
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Quantifying the inflationary impact of fiscal stimulus under supply constraints
Di Giovanni, Julian; Kalemli-Ozcan, Sebnem; Silva, Álvaro - 2023
policy to U.S. inflation over the December 2019-June 2022 period. Model calibrations show that aggregate demand shocks … explain roughly two-thirds of total model-based inflation, and that the fiscal stimulus contributed half or more of the total …
Persistent link: https://www.econbiz.de/10014302772
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How did U.S. consumers use their stimulus payments?
Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020
Using a large-scale survey of U.S. consumers, we study how the large one-time transfers to individuals from the CARES Act affected their consumption, saving and labor-supply decisions. Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15...
Persistent link: https://www.econbiz.de/10012263377
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How did U.S. consumers use their stimulus payments
Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020
Using a large-scale survey of U.S. consumers, we study how the large one-time transfers to individuals from the CARES Act affected their consumption, saving and labor supply decisions. Most respondents report that they primarily saved or paid down debts with their transfers, with only about 15...
Persistent link: https://www.econbiz.de/10012266918
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Quantifying the inflationary impact of fiscal stimulus under supply constraints
Di Giovanni, Julian; Kalemli-Ozcan, Sebnem; Silva, Álvaro - 2023
Persistent link: https://www.econbiz.de/10013491541
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Where next for monetary policy? Lessons from the financial crisis and the pandemic
Minford, Patrick - 2023
Monetary developments of recent decades began with much promise with inflation targeting by independent central banks …
Persistent link: https://www.econbiz.de/10014480560