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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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:4. We model the importance of MSA-specific demand and supply characteristics through a set of interaction terms between … federal funds rate is associated with home price run-ups in MSAs that are characterized by higher demand and tighter supply …
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