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Does inflation matter? The influence of perceived price changes on well-being
(2023-03)
I confirm the foregoing state of the art for inflation and well-being correlation while filling the gap in the literature and estimating the effects of individuals’ inflation perception on well-being. I also discover the ...
Flowers vs garbage trucks: which type of local government investment has the greatest impact on economic growth
(2023-03)
Recently, there has been a rise in research focused on determining the magnitude of the fiscal multiplier. One aspect of this research involves estimating the fiscal multiplier of specific components of government revenues ...
Natural Rate of Interest in a Small Open Economy with Application to CEE Countries
(2023-09)
This paper extends the Laubach-Williams (2003) framework, which is widely used to estimate the natural rate of interest, to make it more suitable for studying small open economies. The model is augmented with consumer ...
The role of uncertainty and sentiment for intraday volatility connectedness between oil and financial markets
(2023-11)
We quantify intraday volatility connectedness between oil and key financial assets and assess how it is related to uncertainty and sentiment measures. For that purpose, we integrate the well-known spillover methodology ...
Local versions of Tarski’s theorem for correspondences
(2023-03)
For a strong set order increasing (resp., strongly monotone) upper order hemicontinuous correspondence mapping a complete lattice A into itself (resp., a sigma-complete lattice into itself), we provide conditions for tight ...
On journal rankings and researchers' abilities
(2023-09)
Over the last few years, ranking lists of academic journals have become one of the key indicators for evaluating individual researchers, departments and universities. How to optimally design such rankings? What can we learn ...
A solution to the global identification problem in DSGE models
(2023-01)
We develop an analytical framework to study global identification in structural models with forward-looking expectations. Our identification condition combines the similarity transformation linking the observationally ...
Categorisation-enhanced mental-accounting consumer behaviour: demand enhancement and endogenous cycles in an overlapping-generations income-age distribution model
(2023-06)
Weaknesses of intertemporal optimisation approaches to consumption modelling include excess sensitivity of an individual's expenditure to interest rate changes and the inability to account for the documented behavioural ...
Supply chains shocks and inflation in Europe
(2023-09)
This article quantifies the effects of supply chains disruptions on inflation in European economies. We apply the local projections method in a panel framework and estimate responses of nine measures of consumer and producer ...
Labor market institutions and the business cycle: The role of unemployment fears
(2023-12)
We study the effects of labor market institutions (LMIs) in a general equilibrium model with search and matching frictions, endogenous separations, nominal rigidities, and uninsurable unemployment risk. By contrasting the ...