Zobrazeno 1 - 10
of 41
pro vyhledávání: '"Mathias Trabandt"'
Publikováno v:
IMF Economic Review
We argue that the COVID epidemic disproportionately affected the economic well-being and health of poor people. To disentangle the forces that generated this outcome, we construct a model that is consistent with the heterogeneous impact of the COVID
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a5c053f9a78782b7822961336e607b65
http://europepmc.org/articles/PMC8480277
http://europepmc.org/articles/PMC8480277
Publikováno v:
Review of Economic Dynamics. 41:4-37
We argue that wage inertia plays a pivotal role in allowing empirically plausible variants of the standard search and matching model to account for the large countercyclical response of unemployment to shocks.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::66cf89eb3d7362b011bcd230560c388e
https://doi.org/10.1016/j.red.2021.04.008
https://doi.org/10.1016/j.red.2021.04.008
Publikováno v:
The Review of Financial Studies. 34:5149-5187
We extend the canonical epidemiology model to study the interaction between economic decisions and epidemics. Our model implies that people cut back on consumption and work to reduce the chances of being infected. These decisions reduce the severity
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c6d1bd02124d0cd8c5c73d628d767ea6
https://doi.org/10.1093/rfs/hhab040
https://doi.org/10.1093/rfs/hhab040
Publikováno v:
IMF Working Papers. 2023:1
We propose a macroeconomic model with a nonlinear Phillips curve that has a flat slope when inflationary pressures are subdued and steepens when inflationary pressures are elevated. The nonlinear Phillips curve in our model arises due to a quasi-kink
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::034483b2d8163d21ddba1829067e10a8
https://doi.org/10.5089/9798400231162.001
https://doi.org/10.5089/9798400231162.001
Publikováno v:
Journal of Economic Dynamics and Control. 138:104337
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::647ac5421a99e8625b7c5ad8111236a9
https://doi.org/10.1016/j.jedc.2022.104337
https://doi.org/10.1016/j.jedc.2022.104337
We study how people react to small probability events with large negative consequences using the outbreak of the COVID-19 epidemic as a natural experiment. Our analysis is based on a unique administrative data set with anonymized monthly expenditures
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fed913a9a7cca7f4bac55bfc6e0c7d37
https://doi.org/10.3386/w27988
https://doi.org/10.3386/w27988
We analyze the effects of an epidemic in three standard macroeconomic models. We find that the neoclassical model does not rationalize the positive comovement of consumption and investment observed in recessions associated with an epidemic. Introduci
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6df882b721635702d1d733acbddf1574
https://doi.org/10.3386/w27430
https://doi.org/10.3386/w27430
From the Abstract: Epidemiology models used in macroeconomics generally assume that people know their current health status In this paper, we consider a more realistic environment in which people are uncertain about their health status We use our mod
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::98fa6e2926fa985d393426f942bccee7
https://doi.org/10.3386/w27104
https://doi.org/10.3386/w27104
We extend the canonical epidemiology model to study the interaction between economic decisions and epidemics. Our model implies that people’s decision to cut back on consumption and work reduces the severity of the epidemic, as measured by total de
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a51f8ea6ab4c86654f1e69573a4446fb
https://doi.org/10.3386/w26882
https://doi.org/10.3386/w26882