real economy dimensions in a consistent manner. The simulations suggest that, even under fairly optimistic assumptions …

maximize the impact of the stimulus package on the economy and minimize the potential procyclical elements that are usually … role in the overall recovery of the global economy. Using a simple analytical framework, this paper focuses on two key … economy, as well as in higher quality and better targeted social services, will be crucial for improving income inequality and …

In recent years, few authors have attempted to address the question of whether the state of the economy influences the … impact of fiscal policy on the economy. Key findings have often indicated that expansionary fiscal intervention tends to be … more effective when the economy is in a downturn. This favorable impact is more pronounced with an increase in government …

policy shocks on the Canadian economy, building on the sign-restrictions-VAR approach. Unlike previous studies, this paper …