They might not know it yet, and it is likely to pass the rest of us by entirely, but for more than two and half million families, today is a very big day.
Earlier this week, markets reacted to comments by the governor of the Bank of England by bringing forward their expectations of when interest rates will rise. What will this mean for different generations?
We characterize inflation dynamics during the Great Lockdown using scanner data covering millions of transactions for fast-moving consumer goods in the United Kingdom. We show that there was a significant and widespread spike in inflation.
The COVID-19 pandemic led many countries to implement social distancing, lockdowns and travel restrictions, which have resulted in a collapse in the world economy unprecedented in peacetime.
I characterize how house price shocks affect consumption inequality using a life-cycle model of housing and non-housing consumption with incomplete markets.