Does inflation vary across the income distribution? This article reviews the growing literature
on inflation inequality, describing recent advances and opportunities for further research in …

Using an approach normally used to estimate cumulative excess deaths, we measure the
impact of the COVID-19 shock on sales of UK food retailers and restaurants. To control the …

We estimate the impact of the COVID-19 crisis on business failures among small and
medium size enterprises (SMEs) in seventeen countries using a large representative firm …

We build a publicly available database that tracks economic activity in the United States at a
granular level in real time using anonymized data from private companies. We report weekly …

Motivated by the effects of the COVID-19 pandemic, we present a theory of Keynesian
supply shocks: shocks that reduce potential output in a sector of the economy, but that, by …

We study supply and demand shocks in a disaggregated model with multiple sectors,
multiple factors, input-output linkages, downward nominal wage rigidities, credit-constraints …

I study the effects of the 2020 coronavirus outbreak in the United States and subsequent
fiscal policy response in a nonlinear DSGE model. The pandemic is a shock to the utility of …

Abstract The Covid-19 Pandemic led to changes in expenditure patterns that introduced
significant bias in the measurement of Consumer Price Index (CPI) inflation. Using publicly …

We estimate the impact of the COVID-19 crisis on business failures among small and
medium size enterprises (SMEs) in seventeen countries using a large representative …

In times of heightened uncertainty, consumers face incentives to build up precautionary
stocks of essential supplies. We study consumer spending dynamics during one such time …