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2019 (COVID-19) shock. Design/methodology/approach - The authors use Michigan's monthly Consumer Sentiment Index and its … recovery and guidance for policymakers on ways to contain the COVID-19 shock negative impacts on the economy by restoring …
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How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...
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We extend the standard textbook search and matching model by introducing deep habits in consumption. The cyclical … cycles ; labour market fluctuations ; search and matching ; wage bargaining …
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supply shocks have little effect on the ICS, other oil demand shocks such as a precautionary demand shock, for example, have …
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