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:\n\nHousehold relief programs: a macroeconomic analysis (with Alan Olivi an
 d Dajana Xhani)\n\n\nAbstract:\nWe investigate the impact of government int
 erventions designed to support households during challenging macroeconomic 
 episodes, particularly episodes of high inflation in necessity sectors such
  as food and energy. Using a multi-sector heterogeneous-agents model with n
 on-homothetic preferences, we evaluate the welfare effects of fiscal suppor
 t payments—potentially targeted to specific household groups—compared to pr
 ice controls. We derive a social welfare function, which we use to decompos
 e the welfare effects of fiscal policies. Applying the model quantitatively
  to the recent UK experience, we find that both the energy price cap and co
 st-of-living payments improved welfare, through both microeconomic and macr
 oeconomic channels.\n
DTSTAMP:20260421T083705Z
DTSTART:20250526T163000Z
DTEND:20250526T180000Z
SEQUENCE:0
TRANSP:OPAQUE
END:VEVENT
END:VCALENDAR