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Global stagflation
Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2022
Persistent link: https://www.econbiz.de/10013262657
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What Ends Recessions?
Romer, Christina D.; Romer, David H. - 2022
This paper analyzes the contributions of monetary and fiscal policy to postwar economic recoveries. We find that the Federal Reserve typically responds to downturns with prompt and large reductions in interest rates. Discretionary fiscal policy, in contrast, rarely reacts before the trough in...
Persistent link: https://www.econbiz.de/10013309225
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Measuring the Output Responses to Fiscal Policy
Auerbach, Alan J. - 2010
A key issue in current research and policy is the size of fiscal multipliers when the economy is in recession. We …
Persistent link: https://www.econbiz.de/10013138770
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Macroeconomic Frameworks
Auerbach, Alan J. - 2019
study the effects of fiscal stimulus. Our small-open-economy empirical setting permits us to estimate key macroeconomic …
Persistent link: https://www.econbiz.de/10012861210
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Monetary and Fiscal Remedies for Deflation
Auerbach, Alan J. - 2011
Prevalent thinking about liquidity traps suggests that the perfect substitutability of money and bonds at a zero short-term nominal interest rate renders open-market operations ineffective for achieving macroeconomic stabilization goals. In an earlier paper, we showed that this reasoning does...
Persistent link: https://www.econbiz.de/10013133109
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Understanding the Fiscal Theory of the Price Level
Christiano, Lawrence J.; Fitzgerald, Terry J. - 2021
Persistent link: https://www.econbiz.de/10013223567
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The Evolution of Economic Understanding and Postwar Stabilization Policy
Romer, Christina D.; Romer, David H. - 2022
functioning of the economy and the effects of policy. We document the changes in beliefs using contemporaneous discussions of the … economy and policy by monetary and fiscal policymakers and, for the period since the late 1960s, using the Federal Reserve …'s internal forecasts. We find that policymakers' understanding of the economy has not exhibited steady improvement. Instead, the …
Persistent link: https://www.econbiz.de/10013322316
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Activist Fiscal Policy to Stabilize Economic Activity
Auerbach, Alan J. - 2010
recent efforts to stimulate the economy, reaching two main conclusions. First, policy interventions have increased in this …
Persistent link: https://www.econbiz.de/10013150639
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The aftermath of debt surges
Kose, M. Ayhan; Ohnsorge, Franziska; Reinhart, Carmen M.; … - 2021
Persistent link: https://www.econbiz.de/10012617494
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Inflation during the pandemic : what happened? what is next?
Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2021
Persistent link: https://www.econbiz.de/10012588342