Ph.D. student focusing on macroeconomics and behavioral economics
2024 BB90 Recipient
Recent research has shown that inflation disproportionately affects low-income households in both developed and developing countries. Understanding this process is important for creating a monetary policy that effectively responds to rising inequality. Venance Riblier, Laura Waring, and Vitor Weiss Jung will study the long-term effects of the inflation gap on households using Nielsen scanner data.
Ph.D. student focusing on industrial organization, applied microeconomics, and behavioral economics
2023 BB90 Recipient
The multitude of online banking tools should make the composition of optimal savings portfolios easier than ever before. Matteo Saccarola will survey Costa Rican households to determine the effect of different communication strategies on exchange rate expectations, with implications for unconventional policy tools such as information provision and behavioral nudges.
Ph.D. student focusing on macroeconomics and behavioral economics
2024 BB90 Recipient
Non-income financial shocks are a significant cause of economic turmoil for households. Laura Waring and Peter Maxted will study how the processes of household expenditure shocks work on a variety of issues. They will do so first through surveying and then by developing a model of household consumption and saving.
Recent research has shown that inflation disproportionately affects low-income households in both developed and developing countries. Understanding this process is important for creating a monetary policy that effectively responds to rising inequality. Venance...
Ph.D. student focusing on macroeconomics and public finance
2023 BB90 Recipient
Several central banks have recently introduced negative interest rates for the first time, raising a key question about the effectiveness of this policy. Anders Yding will evaluate how strongly negative interest rates are passed through to financial institutions’ deposit and lending rates.
Ph.D. student focusing on asset pricing and macroeconomics
2023 BB90 Recipient
Long duration assets, like the stock market or 10-year bonds, respond strongly to monetary policy. However, that is a puzzle for modern macro-finance models. In theory, changes in monetary policy should not affect the stock market (a perpetual asset) or 10-year bonds, yet empirically they do. Steven Zheng aims to gain insight into this puzzle by estimating the channel through which monetary policy moves asset prices using novel intraday stock and bond decompositions.
