BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//jEvents 2.0 for Joomla//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
BEGIN:VEVENT
UID:e7303522e9d610831baa9d2dd1dd9760
CATEGORIES:Seminars
CREATED:20250211T092645
SUMMARY:Vincent Sterk - UCL
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p><em><strong>Household relief programs: a macroeconomic analysis (with Al
 an Olivi and Dajana Xhani)</strong></em></p><p><strong>Abstract:</strong></
 p><p style="text-align: justify;">We investigate the impact of government i
 nterventions designed to support households during challenging macroeconomi
 c episodes, particularly episodes of high inflation in necessity sectors su
 ch as food and energy. Using a multi-sector heterogeneous-agents model with
  non-homothetic preferences, we evaluate the welfare effects of fiscal supp
 ort payments—potentially targeted to specific household groups—compared to 
 price controls. We derive a social welfare function, which we use to decomp
 ose the welfare effects of fiscal policies. Applying the model quantitative
 ly to the recent UK experience, we find that both the energy price cap and 
 cost-of-living payments improved welfare, through both microeconomic and ma
 croeconomic channels.</p>
DTSTAMP:20260421T084047Z
DTSTART:20250526T163000Z
DTEND:20250526T180000Z
SEQUENCE:0
TRANSP:OPAQUE
END:VEVENT
END:VCALENDAR