Time Use and Consumption Expenditures
with S. Gnocchi and D. Hauser
The cyclicality of aggregate consumption masks substantial heterogeneity across expenditure categories. Differences in how households substitute time for market expenditures across consumption activities play a key role in explaining this heterogeneity.
Fiscal Stimulus and Skill Accumulation over the Life Cycle
Fiscal expansions raise hours worked, which enhances skill accumulation. Young workers, who face a steep learning curve, experience larger gains in productivity, wages and consumption. A life-cycle model with learning by doing accounts for these patterns and highlights the role of demographics in fiscal transmission.
Short-Run and Long-Run News: Evidence from Giant Commodity Discoveries
with J-P. L'Huillier and K. Shakhnov
Not all news shocks are alike: their horizon matters. Evidence from giant commodity discoveries reveals a delayed response to long-run news, a pattern that challenges standard models and points to a central role for financial frictions.
From He-Cession to She-Stimulus? The Labor Market Impact of Fiscal Policy across Gender
with A. Bonk • SERIEs 13, 309–334 (2022)
Fiscal policy is not gender-neutral, and its labor-market effects depend on the composition of public expenditure. Government wage spending disproportionately benefits women, while public investment primarily benefits men.