Results 211 to 220 of about 74,593 (313)

Impact of Uncertainty Shocks on Income and Wealth Inequality

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract We analyze the distributional consequences of uncertainty shocks in the U.S. economy. While their impact on income inequality appears marginal when measured by a single statistic, there are important variations: inequality between the rich and middle‐income groups decreases, while inequality between the middle and poor‐income groups increases ...
SANGYUP CHOI, JEEYEON PHI
wiley   +1 more source

Heterogeneity in Imperfect Inflation Expectations: Theory and Evidence from a Novel Survey

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract Using survey data from Germany, we study heterogeneity in how households form inflation expectations. We elicit (i) uncertainty in perceptions of current inflation and (ii) how persistent households perceive inflation to be. Combining these with standard survey questions on inflation, we infer laws of motion for expectations at the individual ...
ALISTAIR MACAULAY, JAMES MOBERLY
wiley   +1 more source

Heterogeneous Effects of Monetary Policy Shocks: Evidence from the Czech Labor Market

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract Using unique contract‐level data from the Czech labor market, we investigate how monetary policy shocks, identified by the high‐frequency surprises in interest rate futures, affect the distribution of wages and hours worked. Consistent with existing literature, our findings indicate that low‐wage groups are more impacted by these shocks than ...
MONIKA JUNICKE   +3 more
wiley   +1 more source

What is driving 340B growth: utilization or price? [PDF]

open access: yesHealth Aff Sch
Zeng S, Sarraille W, Martin R.
europepmc   +1 more source

Macroprudential Policy in the Euro Area

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract This paper examines the development and impact of macroprudential policies in the euro area. We construct a novel index that captures the stance of macroprudential policy, and we highlight its main stylized facts since the inception of the euro in 1999. We combine a narrative approach and a structural VAR method to show that both unanticipated
ÁLVARO FERNÁNDEZ‐GALLARDO   +1 more
wiley   +1 more source

Monetary Policy and Wealth Effects: The Role of Risk and Heterogeneity

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT We study the role of asset revaluation in the monetary transmission mechanism. We build an analytical heterogeneous‐agents model with two main ingredients: (i) rare disasters and (ii) heterogeneous beliefs. The model captures time‐varying risk premia and precautionary savings in a setting that nests the textbook New Keynesian model.
NICOLAS CARAMP, DEJANIR H. SILVA
wiley   +1 more source

Adaptive food price forecasting improves public information in times of rapid economic change. [PDF]

open access: yesNat Commun
MacLachlan MJ   +5 more
europepmc   +1 more source

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