Periodic Reporting for period 2 - MICROTOMACROANDBACK (Micro Heterogeneity and Macroeconomic Policy)
Reporting period: 2019-05-01 to 2020-10-31
The objective of this project is to provide answers to those pressing questions and to help policymakers and academics design better policies for warding off and managing future crises. In particular, the project seeks to better understand the interplay between inequality and monetary and fiscal policies. Understanding the two-way feedback between the two will help guide economies to having stable and inclusive growth.
Significant work has continued on the aspects of fiscal policy. Namely, understanding the stimulative effects of government spending and transfer programs. Further, I have investigated the role of consumer default policy for helping to stabilize the economy in booms and downturns.