through unemployment insurance (UI). We introduce a novel empirical test of standard neoclassical models of fertility that … the interaction of the aggregate unemployment rate with a measure of potential income replacement from UI. Our results … show that as UI benefit generosity reaches 100 percent income replacement, there is no effect of the unemployment rate on …

We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job …

In response to the record-breaking COVID19 recession, many governments have adopted unprecedented fiscal stimuli. While … spending, we document that the effects of government spending were stronger during the peak of the pandemic recession, but only …

recession may yield biased results by ignoring whether government spending is increasing or decreasing. In the case of OECD ….3 compared to 1.3 if we just distinguish between recession and expansion. In extreme recessions, the long-run multiplier reaches …