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UID:event-13037@amse-aixmarseille.fr
DTSTAMP:20260415T172049Z
CREATED:20260415T172049Z
LAST-MODIFIED:20260415T172049Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:Macro and labor market seminar - Vincent Sterk
DTSTART:20260409T123000Z
DTEND:20260409T133000Z
DESCRIPTION:Since 2022\, governments across Europe have implemented large f
 iscal packages to shield households from sharp increases in food and energy
  prices. These packages combined price controls/subsidies with targeted fis
 cal transfers. We evaluate these detailed interventions in a multi-sector N
 ew Keynesian model with household heterogeneity\, matched directly to micro
  data on income\, wealth\, and consumption baskets. Within this setting\, w
 e characterize the aggregate demand and supply effects of these policies an
 d derive a micro-founded social welfare function that admits a decompositio
 n revealing the underlying distortions. Evaluating the recent fiscal packag
 e in the United Kingdom\, we find that it reduced social welfare\, and that
  welfare losses can be more than five times as large once macro channels ar
 e accounted for.\\n\\nContact: Marco Fongoni: marco.fongoni[at]univ-amu.frA
 lexandros Loukas: alexandros.loukas[at]univ-amu.fr\n\nPlus d'informations: 
 https://amse-aixmarseille.fr/en/events/vincent-sterk
LOCATION:MEGA - Salle Carine Nourry\, 424\, Chemin du Viaduc\, 13080 Aix-en
 -Provence
URL;VALUE=URI:https://amse-aixmarseille.fr/en/events/vincent-sterk
CONTACT:Marco Fongoni: marco.fongoni[at]univ-amu.frAlexandros Loukas: alexa
 ndros.loukas[at]univ-amu.fr
TRANSP:OPAQUE
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