Publications

Minimum wages and financial constraints in firms

This paper studies how firms are affected by minimum wages when they face financial constraints. We introduce financial frictions into …
Hamzeh Arabzadeh, Almut Balleer, Britta Gehrke
Latest version

Monetary policy in the presence of supply constraints: Evidence from German firm-level data

Almut Balleer, Marvin Nöller
Latest version

Wage Bargaining and Labor Market Policy with Biased Expectations

Almut Balleer, Georg Dürnecker, Susanne Forstner, Johannes Goensch

Bias in labor market expectations and wages: Evidence from German survey data

Almut Balleer, Georg Dürnecker, Susanne Forstner, Johannes Goensch

Demand or supply? Price Adjustment During the Covid-19 Pandemic

We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand during the …
Almut Balleer, Sebastian Link, Manuel Menkhoff, Peter Zorn
Latest version CEPR DP CESifo WP Covid Economics VoxEU

The Effects of Biased Labor Market Expectations on Consumption, Wealth Inequality, and Welfare

Almut Balleer, Georg Dürnecker, Susanne Forstner, Johannes Goensch
Latest version CEPR DP

Air quality in welfare accounting

We measure how taking into account air quality affects relative welfare levels and welfare convergence across countries. We use the …
Almut Balleer, Morten Endrikat
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The Micro-level Price Response to Monetary Policy

We estimate the effects of monetary policy on price-setting behavior in administrative micro data underlying the German producer price …
Almut Balleer, Peter Zorn
Latest version CEPR DP CESifo WP

Uncovering the mechanism(s): Financial constraints and wages

A large macroeconomic literature has discussed how financial constraints increase the volatility of output and unemployment. This paper …
Hamzeh Arabzadeh, Almut Balleer, Britta Gehrke
Latest version

Menu costs, the price gap distribution and monetary non-neutrality: The role of financial constraints

We study how credit constraints and the frequency of price adjustment interact. We show that a working capital constraint increases the …
Almut Balleer, Nikolay Hristov, Dominik Menno
Latest version Online appendix CEPR DP VoxEU

Migration and Investment: A Business-Cycle Perspective

Almut Balleer, Chantal Tezkan

Couples’ Time-Use and Aggregate Outcomes: Evidence from a Structural Model

We formulate a static model of couples’ time-allocation decisions that features intra-household and inter-household heterogeneity. We …
Almut Balleer, Monika Merz, Tamas Papp

Some surprising facts about working time accounts and the business cycle

Working time accounts (WTAs) allow firms to smooth hours worked over time. The purpose of this paper is to analyze whether this …
Almut Balleer, Britta Gehrke, Christian Merkl
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Does short-time work save jobs? A business cycle analysis

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep …
Almut Balleer, Britta Gehrke, Wolfgang Lechthaler, Christian Merkl
Link to Publication VoxEU

Labour force participation across Europe: A cohort-based analysis

Almut Balleer, Ramon Gomez-Salvador, Jarkko Turunen
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Skill-biased technological change and the business cycle

Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for …
Almut Balleer, Thijs van Rens
Link to the Publication Code and Data

New evidence, old puzzles: Technology shocks and labor market dynamics

Can the standard search‐and‐matching labor market model replicate the business cycle fluctuations of the job finding rate and the …
Almut Balleer
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