Publications

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 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

The Effects of Individual Misperceptions of Labor Market Risk on Macroeconomic Outcomes

Labor market risk is a prevalent phenomenon that shapes the behavior of individuals with respect to a number of choices, including wage …
Almut Balleer, Georg Duernecker, Susanne Forstner

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

Environmental Quality and Welfare Accounting

For several decades, there has been a discussion in economics on how to appropriately measure economic welfare. Although it is common …
Almut Balleer, Morten Endrikat
Latest version

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
Link to Publication

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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