The consumer price index [PDF]
The consumer price index (CPI) is probably the most closely watched indicator of inflation in the U.S. economy. In this article, Mark Wynne and Fiona Sigalla explain the construction of the CPI and evaluate some of its potential shortcomings as a measure
Fiona D. Sigalla, Mark A. Wynne
core
Life Cycle Consumption and Portfolio Choice Under Real Interest Rate Risk
ABSTRACT We set up a life cycle model with real interest rate risk to demonstrate that real interest rates have implications for optimal household consumption and investments. Lower interest rates lead to higher optimal stock investments and lower consumption.
Marcel Fischer, Natascha Jankowski
wiley +1 more source
Empirical analysis of the correlation between China's Macroeconomic Market and Crude Oil Market based on mixed-frequency group factor model. [PDF]
Zhao J, Yin J.
europepmc +1 more source
The Impact of Cutting Social Security Cost of Living Adjustments on the Living Standards of the Elderly [PDF]
During the negotiations over raising the debt ceiling, President Obama proposed cutting the annual cost of living adjustment for Social Security by switching to an index that would show a lower measured rate of inflation.
David Rosnick, Dean Baker
core
Organization Capital and Firm Resilience to Cash Flow Shocks
ABSTRACT Spanning a 3‐year window before and after the COVID‐19 pandemic (2017–2022), this study examines the role of organizational capital in shaping firm resilience to cash flow shocks. We find that organizational capital significantly mitigates adverse cash flow impacts arising from pandemic‐related operational disruptions.
Chen Huang +3 more
wiley +1 more source
Confidence, animal spirits, and the macroeconomy in China: Based on mixed-frequency data models. [PDF]
Lu W, Liu Q, Li H.
europepmc +1 more source
Early‐Life Disaster Exposure and the Investment Response to Monetary Policy
ABSTRACT We place CEOs' formative experiences at the center of analyzing how firms respond to monetary policy. Specifically, we examine how early‐life exposure to natural disasters shapes CEOs’ investment behavior following monetary shocks. CEOs with exposure to moderate natural disasters during their formative years exhibit stronger risk‐taking ...
Samer Adra +3 more
wiley +1 more source
Societal cost-of-illness analysis of self-injection of biologics for patients with rheumatoid arthritis in Japan using claims, surveys, and national statistics. [PDF]
Takahata K +3 more
europepmc +1 more source
When in Doubt, Tax More Progressively? Uncertainty and Progressive Income Taxation
ABSTRACT We study the optimal income tax problem under parameter uncertainty about household preferences and wage dynamics. We derive conditions characterizing how such uncertainty affects optimal tax policy. To quantify the effect, we estimate a life‐cycle model using US data and a Bayesian approach.
Minsu Chang, Chunzan Wu
wiley +1 more source
Benchmarking econometric, decomposable additive, and neural network methods for food inflation prediction featuring policy insights. [PDF]
Javed A.
europepmc +1 more source

