News and uncertainty about COVID-19: Survey evidence and short-run economic impact
A tailor-made survey documents consumers' perceptions of the US economy's response to a
large shock: the advent of the COVID-19 pandemic. The survey ran at a daily frequency …
large shock: the advent of the COVID-19 pandemic. The survey ran at a daily frequency …
Monetary policy and inequality
AL Andersen, N Johannesen, M Jørgensen… - The Journal of …, 2023 - Wiley Online Library
We analyze the distributional effects of monetary policy on income, wealth, and
consumption. We use administrative household‐level data covering the entire population in …
consumption. We use administrative household‐level data covering the entire population in …
Energy shortages and aggregate demand: Output loss and unequal burden from HANK
V Pieroni - European Economic Review, 2023 - Elsevier
I study the effects of a reduction in energy supply using a quantitative Heterogeneous
Agents New Keynesian (HANK) model with energy consumption by households and firms. I …
Agents New Keynesian (HANK) model with energy consumption by households and firms. I …
Unemployment insurance in macroeconomic stabilization
R Kekre - Review of Economic Studies, 2023 - academic.oup.com
I study unemployment insurance (UI) in general equilibrium with incomplete markets, search
frictions, and nominal rigidities. An increase in generosity raises the aggregate demand for …
frictions, and nominal rigidities. An increase in generosity raises the aggregate demand for …
Inclusive monetary policy: How tight labor markets facilitate broad-based employment growth
This paper analyzes the heterogeneous effects of monetary policy on workers with differing
levels of labor-force attachment. Exploiting variation in labor market tightness across …
levels of labor-force attachment. Exploiting variation in labor market tightness across …
A perturbational approach for approximating heterogeneous agent models
We develop a perturbational technique to approximate equilibria of a wide class of discrete-
time dynamic stochastic general equilibrium heterogeneous-agent models with complex …
time dynamic stochastic general equilibrium heterogeneous-agent models with complex …
Credit supply, firms, and earnings inequality
We study the distributional consequences of monetary policy-induced credit supply in the
German labor market. Firms in relationships with banks that are more exposed to the …
German labor market. Firms in relationships with banks that are more exposed to the …
Monetary policy and inequality
AL Andersen, N Johannesen… - Univ. of Copenhagen …, 2022 - papers.ssrn.com
We analyze the distributional effects of monetary policy on income, wealth and consumption.
We use administrative household-level data covering the entire population in Denmark over …
We use administrative household-level data covering the entire population in Denmark over …
Make-up strategies with incomplete markets and bounded rationality
M Dobrew, R Gerke, S Giesen, J Röttger - European Economic Review, 2025 - Elsevier
We study the impact of market incompleteness and bounded rationality on the effectiveness
of make-up strategies. Using a heterogeneous-agent New Keynesian model with reflective …
of make-up strategies. Using a heterogeneous-agent New Keynesian model with reflective …
Monetary policy and inequality: How does one affect the other?
E Ma - International Economic Review, 2023 - Wiley Online Library
This article studies a labor‐supply‐side channel affecting the relationship between monetary
policy and income inequality. To this end, I build a heterogeneous‐agent New Keynesian …
policy and income inequality. To this end, I build a heterogeneous‐agent New Keynesian …