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The opportunity cost of the Islamic revolution and war for Iran
Farzanegan, Mohammad Reza - 2019
We estimate the opportunity cost for Iran due to the Islamic revolution and eight years' war with Iraq (1978 … loss is equivalent to 40% of income per capita, which an Iranian could reach at the absence of revolution and war. …
Persistent link: https://www.econbiz.de/10012133448
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Years of life lost to revolution and war in Iran
Farzanegan, Mohammad Reza - 2021
This study examines the causal joint effect of a new political regime and war against Iraq on life expectancy of … Iranians for the period 1978–1988 during the revolution and war. I use a synthetic control approach to construct a synthetic … evolution of the factual Iranian life expectancy during the post-revolution period through the end of the war. I find a sizable …
Persistent link: https://www.econbiz.de/10012510202
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Framing of economic news and policy support during a pandemic : evidence from an information experiment
Bareinz, Patrick; Koenings, Fabian - 2021
We investigate the effect of how news outlets communicate macroeconomic information to consumers on support for governmental policy in the context of the COVID-19 crisis. In our survey experiment based on a representative sample of 3000 individuals in Germany, respondents are exposed to an...
Persistent link: https://www.econbiz.de/10012496418
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Firms' expectations on access to finance at the early stages of the Covid-19 pandemic
Ferrando, Annalisa; Ganoulis, Ioannis - 2020
This paper provides novel information on the propagation of the pandemic-induced real shock to firms' financial conditions. It uses firm-level survey data from end February to early April 2020 for a large sample of euro area SMEs and large firms. Firms' expectations on the availability of credit...
Persistent link: https://www.econbiz.de/10012249663
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The effect of disaggregate information on the expectation formation of firms
Buchheim, Lukas; Link, Sebastian - 2017
This paper studies a new aspect of firms' expectation formation by asking whether expectations primarily reflect aggregate, industry-wide information (e.g., industry trends) or disaggregate information (e.g., firm-specific information). First, we show that disaggregate information is strongly...
Persistent link: https://www.econbiz.de/10011761559
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The effect of disaggregate information on the expectation formation of firms
Buchheim, Lukas; Link, Sebastian - 2017
This paper studies a new aspect of firms' expectation formation by asking whether expectations primarily reflect aggregate, industry-wide information (e.g., industry trends) or disaggregate information (e.g., firm-specific information). First, we show that disaggregate information is strongly...
Persistent link: https://www.econbiz.de/10011747947
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Subjective models of the macroeconomy: evidence from experts and representative samples
Andre, Peter; Pizzinelli, Carlo; Roth, Christopher; … - 2021
We study people’s subjective models of the macroeconomy and shed light on their at-tentional foundations. To do so, we measure beliefs about the effects of macroeconomic shocks on unemployment and inflation, providing respondents with identical information about the parameters of the shocks...
Persistent link: https://www.econbiz.de/10012663050
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Do expectations matter? : reassessing the effect of government spending on key macroeconomic variables in Germany
Gründler, Klaus; Sauerhammer, Sarah - 2016
This paper investigates the effects of government spending on key macroeconomic variables in Germany. It contributes to the ongoing debate on how to properly identify exogenous fiscal shocks in the data and on whether or not the government should intervene in the business cycle. Following Ramey...
Persistent link: https://www.econbiz.de/10011525541
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Impact of Foreign Exchange Interventions on Exchange Rate Expectations
Miyajima, Ken - 2014
Using monthly data for four selected emerging economies, we find that sterilised central bank foreign exchange intervention has little systematic influence on near-term nominal exchange rate expectations in the direction intended by the central banks. In other words, central bank dollar...
Persistent link: https://www.econbiz.de/10013047271
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Expectation management of policy leaders : evidence from COVID-19
Haan, Peter; Peichl, Andreas; Schrenker, Annekatrin; … - 2021
This paper studies how the communication of political leaders affects the expectation formation of the public. Specifically, we examine the expectation management of the German government regarding COVID-19-related regulatory measures during the early phase of the pandemic. We elicit beliefs...
Persistent link: https://www.econbiz.de/10013190881