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How to Finance Climate Change Policies? Evidence from Consumers' Beliefs
D'Acunto, Francesco; Möhrle, Sascha; Neumeier, Florian; … - 2022
change. Consumers also oppose financing policies to fight climate change via public debt, implying higher costs for future …
Persistent link: https://www.econbiz.de/10013266692
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Managing Households' Expectations with Salient Economic Policies
D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2019
The empirical effectiveness of economic policies that operate theoretically through similar channels differs substantially. We document this fact by comparing an easy-to-grasp expectations-based policy, unconventional fiscal policy, with a policy whose implications are harder to understand by...
Persistent link: https://www.econbiz.de/10012140994
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How to finance climate change policies? : evidence from consumers' beliefs
D'Acunto, Francesco; Möhrle, Sascha; Neumeier, Florian; … - 2022
change. Consumers also oppose financing policies to fight climate change via public debt, implying higher costs for future …
Persistent link: https://www.econbiz.de/10013186775
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Managing households' expectations with salient economic policies
D'Acunto, Francesco; Hoang, Daniel; Weber, Michael - 2019 - This version: August 2019
The empirical effectiveness of economic policies that operate theoretically through similar channels differs substantially. We document this fact by comparing an easy-to-grasp expectations-based policy, unconventional fiscal policy, with a policy whose implications are harder to understand by...
Persistent link: https://www.econbiz.de/10012057290
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Fiscal expansions in the era of low real interest rates
Garga, Vaishali - 2020
(ZLB) on the nominal interest rate. Fiscal stabilization via higher government debt is frequently recommended as a policy … with a debtfinanced fiscal expansion and show that even in a low real interest rate environment, higher debt doesn …'t necessarily raise the real interest rate. The effect of the expansion is non-monotonic: Increasing debt raises the natural real …
Persistent link: https://www.econbiz.de/10012606350
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Fiscal expansions in the era of low real interest rates
Garga, Vaishali - 2020 - This version: April 2020
(ZLB) on the nominal interest rate. Fiscal stabilization via higher government debt is frequently recommended as a policy … with a debtfinanced fiscal expansion and show that even in a low real interest rate environment, higher debt doesn …’t necessarily raise the real interest rate. The effect of the expansion is non-monotonic: Increasing debt raises the natural real …
Persistent link: https://www.econbiz.de/10012301130
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Does Policy Communication During Covid Work?
Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020
Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal and monetary policy responses to the crisis affects households’ expectations. We provide random subsets of participants in the Nielsen Homescan panel with different...
Persistent link: https://www.econbiz.de/10012269439
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Does Policy Communication during COVID-19 Work?
Coibion, Olivier; Gorodnichenko, Yuriy; Weber, Michael - 2020
Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal and monetary policy responses to the crisis affects households' expectations. We provide random subsets of participants in the Nielsen Homescan panel with different combinations...
Persistent link: https://www.econbiz.de/10012270033
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The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey
Hodbod, Alexander; Hommes, Cars H.; Huber, Stefanie J.; … - 2021
Prospective economic developments depend on the behavior of consumer spending. A key question is whether private expenditures recover once social distancing restrictions are lifted or whether the COVID-19 crisis has a sustained impact on consumer confidence, preferences, and, hence, spending....
Persistent link: https://www.econbiz.de/10012661627
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The COVID-19 consumption game-changer: Evidence from a large-scale multi-country survey
Hodbod, Alexander; Hommes, Cars H.; Huber, Stefanie J.; … - 2021
Prospective economic developments depend on the behavior of consumer spending. A key question is whether private expenditures recover once social distancing restrictions are lifted or whether the COVID-19 crisis has a sustained impact on consumer confidence, preferences, and, hence, spending....
Persistent link: https://www.econbiz.de/10012797254