Household Consumption Intentions by Income Group During Monetary Policy Easing and Tightening
ABSTRACT We investigate how the monetary policy interest rate affects Brazilian households' consumption intentions under two distinct regimes: monetary easing and tightening cycles. Using data from low‐ and high‐income households, we assess both the magnitude and the dynamics of this relationship.
Helder Ferreira de Mendonça +1 more
wiley +1 more source
Impact of Sovereign Debt Maturity on Fiscal Sustainability
ABSTRACT This study is the first to investigate the impact of the term structure of public debt on fiscal sustainability. We adopt the widely used backward‐looking measure of fiscal sustainability—fiscal responsiveness as proposed by Bohn. Using data from De Graeve and Mazzolini and focusing on a sample of 19 most developed countries, we demonstrate ...
António Afonso +3 more
wiley +1 more source
The Impact of Monetary Policy Shocks on Stock Price Crash Risk
ABSTRACT This study examines the impact of monetary policy shocks (MPS) on future stock price crash risk (SPCR), using a sample of US firms from 1995 to 2019. We find that expansionary MPS significantly reduce the likelihood of SPCR, while contractionary MPS show no statistically significant effect on SPCR. These results remain robust after controlling
Shunshun Xu, Haifeng Guo, Yeqin Zeng
wiley +1 more source
Context matters for the relationship between national identity and perceived democratic quality: National pride as a blind spot. [PDF]
Hadarics M.
europepmc +1 more source
ABSTRACT While existing work shows COVID‐19 stay‐at‐home (SAH) policies decreased mobility on average, we lack evidence regarding heterogeneity in policy effectiveness across US counties. To uncover potential heterogeneity, we implement a novel two‐stage approach.
James Sears +5 more
wiley +1 more source
Transparent qualitative model-building in high-stakes digital governance: a methods protocol for tracing institutional mechanisms. [PDF]
Hidayat AN +3 more
europepmc +1 more source
Striking a Bargain: Narrative Identification of Wage Bargaining Shocks
ABSTRACT Wage markup shocks, an important driver of business cycles, are hard to pin down. We quantify the importance of exogenous variation in wage bargaining power, one source of those shocks, from German minimum wage introduction episodes and strikes. This disciplines the impulse responses of unemployment and output, and sharpens inference for other
Žymantas Budrys +2 more
wiley +1 more source
EUPopLink Country report - Serbia. [PDF]
Lazarevic A, Markovic A.
europepmc +1 more source
U.S. Multinational Corporations’ Initial Income‐Shifting Response to the TCJA
ABSTRACT I find U.S. multinational corporations (MNCs) responded to the Tax Cuts and Jobs Act (TCJA) of 2017 by increasing income shifted to foreign sources in the first two years following the effective date. Financially constrained MNCs increased income shifting more, while higher operational uncertainty MNCs increased income shifting less than other
Tyler P. Johnson
wiley +1 more source
ElecMeter: An index for evaluating dissatisfaction of social decision-making. [PDF]
Shahdoust M +3 more
europepmc +1 more source

