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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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COVID-19 and the U.S. Fiscal Imbalance
Miron, Jeffrey - 2021
Policymakers must do something to slow the growing debt burden or else face a major fiscal meltdown. Proposals such as Medicare for All and the Green New Deal would only make the looming fiscal crisis worse
Persistent link: https://www.econbiz.de/10013248991
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Price Discounts and Cheapflation During the Post-Pandemic Inflation Surge
Cavallo, Alberto; Kryvtsov, Oleksiy - National Bureau of Economic Research - 2024
We study how within-store price variation changes with inflation, and whether households exploit it to attenuate the inflation burden. We use micro price data for food products sold by 91 large multi-channel retailers in ten countries between 2018 and 2024. Measuring unit prices within narrowly...
Persistent link: https://www.econbiz.de/10014576655
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Changing Patterns of Domestic and Cross-Border Fiscal Policy Multipliers in Europe and the US
Bénassy-Quéré, Agnès - 2007
This paper documents time variation in domestic fiscal policy multipliers in Germany, the UK and the US, and in cross …-border fiscal spillovers from Germany to the seven largest European Union economies. We propose two VAR models which incorporate … find that the domestic impact of tax shocks has been positive but vanishing for Germany and the US, stably not significant …
Persistent link: https://www.econbiz.de/10012730000
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Policy evaluation in macroeconomics : unemployment, fiscal rules, and exchange rates
Gehrke, Britta - 2014
Persistent link: https://www.econbiz.de/10010442652
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Stock Market Reactions to Legislated Tax Changes: Evidence from the United States, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha - 2020
We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using …
Persistent link: https://www.econbiz.de/10012543679
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Stock market reactions to legislated tax changes : evidence from the United States, Germany, and the United Kingdom
Hayo, Bernd; Mierzwa, Sascha - 2020 - This version: 18 November 2020
We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using …
Persistent link: https://www.econbiz.de/10012543058
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The Triffin dilemma again
Campanella, Edoardo - 2010
Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...
Persistent link: https://www.econbiz.de/10008648332
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Scraped data and sticky prices
Cavallo, Alberto - 2012 - This version: April 4, 2012
This paper introduces Scraped Data as a new source of micro-price information for the study of sticky prices. Scraped data are collected from online retailers and have a unique advantage in sampling frequency, product details, and country availability. Using daily prices of 80 thousand products...
Persistent link: https://www.econbiz.de/10010195107
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Internationale økonomisk-politiske tiltag under covid-19-krisen
Jensen, Rasmus Mose; Christensen, Nicolai Risager; … - 2020
Persistent link: https://www.econbiz.de/10012513180