Impact of Uncertainty Shocks on Income and Wealth Inequality
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
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
Cost-effectiveness analysis of Latarjet versus arthroscopic Bankart with remplissage in anterior shoulder instability: A retrospective cohort study from Ecuador. [PDF]
Barros Castro A +4 more
europepmc +1 more source
Heterogeneous Effects of Monetary Policy Shocks: Evidence from the Czech Labor Market
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
US Medical Prices and Health Insurance Premiums, 1999-2024.
Kanimian S, Ho V.
europepmc +1 more source
What is driving 340B growth: utilization or price? [PDF]
Zeng S, Sarraille W, Martin R.
europepmc +1 more source
Macroprudential Policy in the Euro Area
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
From Markup to Value: Global Implications of Iran's Cost-plus Pharmaceutical Pricing for Emerging Markets. [PDF]
Hayat H.
europepmc +1 more source
Monetary Policy and Wealth Effects: The Role of Risk and Heterogeneity
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]
MacLachlan MJ +5 more
europepmc +1 more source

