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Using a large-scale survey of U.S. households during the Covid-19 pandemic, we study how new information about fiscal and monetary policy responses to the crisis affects households' expectations. We provide random subsets of participants in the Nielsen Homescan panel with different combinations...
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"A key issue in current research and policy is the size of fiscal multipliers when the economy is in recession. Using a …
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study the effects of fiscal stimulus. Our small-open-economy empirical setting permits us to estimate key macroeconomic …
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A key issue in current research and policy is the size of fiscal multipliers when the economy is in recession. We …
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This paper presents a set of generational accounts (GAS) that can be used to assess the fiscal burden current generations are placing on future generations. The GAS indicate the net present value amount that current and future generations are projected to pay to the government now and in the...
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