综合经济学
We decompose the U.S. consumption inequality distributional changes during the COVID-19 phase. Analyzing the Consumption Expenditure Interview Survey data, we decompose observed changes in consumption inequality into components attributable…
Automation affects the labour content of work differently across different contexts. Yet, most existing exposure measures assign fixed scores to tasks or occupations, limiting comparisons of automation exposure across countries. We develop…
This paper investigates how institutional rigidities shape inflation persistence in transition economies, focusing on labor market institutions and exchange rate regimes. Using a large panel of transition countries over the period…
The rapid development of artificial intelligence motivates firms to engage in AI washing. This study examines whether strategic policy shocks increase debt financing costs for such firms. Leveraging China's 14th Five Year Plan as a quasi…
This paper investigates how geopolitical conflict reshapes trade patterns, focusing on the economic consequences of the Russo-Ukrainian war on European and global trade flows. War is conceptualized as a shock that increases bilateral trade…
We examine marital sorting using novel data from a marriage-matching platform that records both a dating-to-marriage pipeline and pre-marital attributes, including preferences for children and for the division of housework and childcare.…
How should well-being be prioritised in society, and what trade-offs are people willing to make between fairness and personal well-being? We investigate these questions using a stated preference experiment with a nationally representative…
Central banks cannot observe market reactions to their communications before release. We propose a framework in which Large Language Models simulate 30 heterogeneous traders interpreting European Central Bank press conference transcripts,…
Should households buy their homes? Contrary to popular expert advice, our block-bootstrap lifecycle simulation provides an affirmative answer. Homeownership generates wealth and welfare gains relative to rent-for-life benchmarks that invest…
This paper examines how digital transformation reshapes employment structures within Chinese listed firms, focusing on occupational functions and task intensity. Drawing on recruitment data classified under ISCO-08 and the Chinese Standard…
Many tractable TANK models treat redistribution as a contemporaneous wedge. I show that this view is incomplete once wage contracts are type-specific. In a tractable Two-Agent New Keynesian model, each household type adjusts its nominal…
We develop a model of choice over social norms that allows for complementarities along two dimensions: \textit{technological}, analogous to complementarities between consumption goods, and social, capturing returns from conformity.…
In educational settings, AI can be used as a learning aid, but can also be used to avoid schoolwork, thereby passing classes while learning little. Many existing studies on the impact of AI on education focus on AI use in controlled…
The aim of this study is to empirically investigate the existence of a sectoral asset price channel of monetary policy in the region of the six republics of former Yugoslavia. The study constructs sectoral indices for the entire region,…
This script offers an implementation-oriented introduction to deep learning methods for solving and estimating high-dimensional dynamic stochastic models in economics and finance. Its starting point is the curse of dimensionality:…
I study a decentralized marriage market with search frictions, costly pre-marital skill investments, and non-transferable utility. Despite a symmetric environment, the market can exhibit asymmetric equilibria, with one gender investing more…
Motivating careerists is challenging for political organizations. Without explicit contracts, careerists often pander to public opinions or their superiors' preferences. Worse, when tasked with implementing these distorted decisions, they…
There has long been an apparent consensus in the literature on intra-household allocation and fertility that greater paternal involvement in childcare relaxes maternal time constraints, enabling mothers to increase their labor supply or…
We study ballot exhaustion in multiwinner single transferable vote (STV) elections using a dataset of 1,070 Scottish local government elections comprising over 5.4 million ballots. While ballot exhaustion has been studied extensively in…
Given the challenge of achieving societal welfare in an environmentally sustainable way, the Index of Sustainable Economic Welfare (ISEW) has emerged as an alternative indicator of progress in response to critiques of Gross Domestic Product…