Warehouse / JEL /
E21
E21
13 papers tracked
5 forthcoming
Showing 13 papers
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Review of Economic Studies
10 Jun 2026
A Temporary VAT Cut as Unconventional Fiscal PolicyRüdiger Bachmann · Benjamin Born · Olga Goldfayn-Frank · Georgi Kocharkov · Ralph Luetticke · Michael Weber
The paper studies Germany’s temporary 3 percentage-point VAT cut from July 1 to December 31, 2020 (standard rate 19%→16%, reduced rate 7%→5%), combining two causal identification strategies with …
Forthcoming
Journal of Monetary Economics
1 Jan 2026
Consumer durables and monetary policy according to HANKEmil Holst Partsch · Ivan Petrella · Emiliano Santoro
Layer 1 — Overview Research Question Consumer durables account for a disproportionately large share of household expenditure fluctuations despite their small share of total private consumption. Two …
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Review of Economic Studies
24 Dec 2025
Devaluations, Deposit Dollarization, and Household HeterogeneityFrancesco Ferrante · Nils Gornemann
Layer 1 — Overview Research Question
Ferrante and Gornemann study the aggregate and redistributive effects of currency devaluations in emerging market economies, focusing on a feature that prior …
Published
Journal of Monetary Economics
1 Jan 2026
Inequality and asset prices during Sudden StopsSergio Villalvazo
Layer 1 — Overview Research Question
This paper studies the cross-sectional dimension of Fisher’s (1933) debt-deflation mechanism as it operates during Sudden Stop crises — episodes …
Forthcoming
Review of Economic Studies
Latent Heterogeneity in the Marginal Propensity to ConsumeDaniel Lewis · Davide Melcangi · Laura Pilossoph
Lewis, Melcangi, and Pilossoph estimate the unconditional distribution of the marginal propensity to consume (MPC) using the 2008 Economic Stimulus Act (ESA) rebate payments, deploying Gaussian …
Published
Quarterly Journal of Economics
21 Feb 2025
Micro MPCs and Macro Counterfactuals: The Case of the 2008 RebatesJacob D Orchard · Valerie A Ramey · Johannes F Wieland
Layer 1 — Overview Research question. Do the high marginal propensities to consume (MPCs) estimated in the leading household studies of the 2008 U.S. tax rebates—particularly Parker et al. (2013), …
Forthcoming
Journal of Monetary Economics
The housing wealth effect: Quasi-experimental evidenceJesper Böjeryd · Roine Vestman · Björn Tyrefors · Dany Kessel
This paper estimates a causal housing wealth effect on consumption using a quasi-natural experiment in Stockholm, Sweden. The identification exploits an unanticipated political decision — announced in …