Results 81 to 90 of about 6,071 (239)
Narratives about the Macroeconomy
Review of Economic StudiesAbstract We study narratives about the macroeconomy—the stories people tell to explain macroeconomic phenomena—in the context of a historic surge in inflation. In our empirical analysis, we field surveys with more than 10,000 U.S. households and 100 academic experts, measure economic narratives in open-ended questions, and represent ...
Andre, Peter +4 more
openaire +3 more sources
What Are The Drivers of Labor Productivity in Italy?
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT This paper introduces a novel sign restriction identification within a structural Bayesian vector autoregression (VAR) to analyse how labour productivity responds to supply and demand shocks and to quantify the contribution of shocks to cyclical fluctuations.
Josué Diwambuena, Francesco Ravazzolo
wiley +1 more source
The Mental Health of the Young in Eastern Europe and Central Asia
Review of Development Economics, EarlyView.ABSTRACT We report on the wellbeing of the young in twenty‐eight countries located in Eastern Europe and Central Asia including fifteen post‐Soviet countries. We find no evidence of the decline in the mental health of the young relative to older people, which characterizes Western Europe and English‐speaking advanced economies. The mental health of the
David G. Blanchflower, Alex Bryson
wiley +1 more source
A Small Model of the Australian Macroeconomy [PDF]
This paper presents a small model of the Australian macroeconomy. The model is empirically based, aggregate in nature and consists of five estimated equations – for non-farm output, the real exchange rate, import prices, unit labour costs and consumer ...
Nargis Bharucha +4 more
core
Understanding expectations formation for hand‐to‐mouth households: lessons from the financial crisis
The Scandinavian Journal of Economics, EarlyView.Abstract We study how poor hand‐to‐mouth and wealthy hand‐to‐mouth households in the United States form their expectations as compared to unconstrained households. To do so, we use monthly household data for the period 2005:2 to 2013:6 with information on the exact survey day for each household within a month.
Tufan Ekici +2 more
wiley +1 more source
Energy markets and the euro area macroeconomy [PDF]
This report aims to analyse euro area energy markets and the impact of energy price changes on the macroeconomy from a monetary policy perspective. The core task of the report is to analyse the impact of energy price developments on output and consumer ...
Task Force of the Monetary Policy Committee of the ESCB
core
The reaction of firms' expectations to monetary policy: evidence from Norwegian firms
The Scandinavian Journal of Economics, EarlyView.Abstract An important transmission channel of monetary policy is the expectations channel. However, although this channel is important in theory, it has received limited attention in the empirical literature. One reason for this lack of focus is the scarcity of data on firms' expectations.
Jon Ellingsen
wiley +1 more source
Oil Prices, Economic Activity and Inflation: Evidence for Some Asian Countries [PDF]
In this paper we study the oil prices-macroeconomy relationship by means of studying the impact of oil price shocks on both economic activity and consumer price indexes for six Asian countries over the period 1975Q1-2002Q2.
Juncal Cunado, Fernando Pérez de Gracia
core
A Simple Model of Geopolitical Risk and Sanctions
Scottish Journal of Political Economy, Volume 73, Issue 3, July 2026.ABSTRACT Geopolitical risk (GPR) shocks that trigger the imposition of sanctions tend to lower output and raise inflation in the sanctioned country. We develop a three‐equation small open economy New Keynesian model where GPR shocks are modeled as negative productivity shocks and sanctions manifest as import tariffs in response to GPR increases.
Vivien Lewis, Sirikorn Puangjit
wiley +1 more source
Foreign Exchange Regimes in (Normal Times and) Times of War: Insights From Ukraine
Scottish Journal of Political Economy, Volume 73, Issue 3, July 2026.ABSTRACT On February 24, 2022, as Russia invaded, the National Bank of Ukraine switched from a flexible to a fixed‐exchange rate regime. Was this optimal? We develop a tractable but carefully calibrated open‐economy model of Ukraine with nominal rigidities and frictions in international financial markets.
Oliver de Groot, Yevhenii Skok
wiley +1 more source