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We study the link between expected inflation and wages using novel panel data from German firms and employees. We find that pass-through - the percentage point change in wage growth given a one percentage point change in expected inflation - is small: 0.11-0.17 for firms and 0.03-0.07 for...
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Social scientists have long been interested in marital homogamy and its relationship with inequality. However, measuring homogamy is not straightforward, particularly when one is interested in assessing marital sorting based on multiple traits. In this paper, we argue that Separate Extreme Value...
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only daily financial market data and policy events. First, we combine a heteroscedasticity-based identification scheme with …
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solution methods suitable for standard DSGE estimation and analysis procedures. This approach generalizes the time …
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