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Inflation and Welfare with Preference Heterogeneity — NSF Award to National Bureau of Economic Research Inc (MA, $461,469)

Economics strives to distill information about millions of products, firms, and workers into a concise set of metrics that summarize household welfare and cost of living. These statistics are crucial for evaluating the efficacy and impact of public decisions. This research contributes to developing a comprehensive fram

Award titleInflation and Welfare with Preference Heterogeneity
Award ID2343691
AwardeeNational Bureau of Economic Research Inc
CityCAMBRIDGE
StateMA
Amount obligated$461,469
Principal investigatorAriel Burstein
ProgramEconomics
Start date09/01/2024
AbstractEconomics strives to distill information about millions of products, firms, and workers into a concise set of metrics that summarize household welfare and cost of living. These statistics are crucial for evaluating the efficacy and impact of public decisions. This research contributes to developing a comprehensive framework for defining, measuring, and analyzing individual and aggregate welfare taking into account household heterogeneity. This work encompasses several key components. First, it i
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