economic activity. The conditions under which austerity takes place are crucial. During times of fiscal stress, spreads rise in …

Policy makers often implement austerity measures when the sustainability of public finances is in doubt and, hence …. During times of fiscal stress, spreads rise in response to the spending cuts, at least in the short-run. In contrast …

in policy analysis has come under heavy criticism. Macroeconomists in academia and policy institutions have been blamed … macroeconomic policy analysis that is open to competing modeling paradigms. Macroeconomic model comparison projects have helped … models that may be used for quantitative analysis of monetary and fiscal stabilization policies. A computational platform is …

models in policy analysis has come under heavy criticism. Macroeconomists in academia and policy institutions have been … macroeconomic policy analysis that is open to competing modeling paradigms. Macroeconomic model comparison projects have helped … models that may be used for quantitative analysis of monetary and fiscal stabilization policies. A computational platform is …

Does the fiscal multiplier depend on the exchange rate regime? To address this question, we first estimate a panel …

Policy makers often implement austerity measures when the sustainability of public finances is in doubt and, hence …. During times of fiscal stress, spreads rise in response to the spending cuts, at least in the short-run. In contrast …

in policy analysis has come under heavy criticism. Macroeconomists in academia and policy institutions have been blamed … macroeconomic policy analysis that is open to competing modeling paradigms. Macroeconomic model comparison projects have helped … models that may be used for quantitative analysis of monetary and fiscal stabilization policies. A computational platform is …

models in policy analysis has come under heavy criticism. Macroeconomists in academia and policy institutions have been … macroeconomic policy analysis that is open to competing modeling paradigms. Macroeconomic model comparison projects have helped … models that may be used for quantitative analysis of monetary and fiscal stabilization policies. A computational platform is …

that increased asset market participation accounts for some of the changes in fiscal transmission. However, the key … quantitative factor appears to be the more active monetary policy of the Volcker-Greenspan period. …

We study the impact of the interaction between fiscal and monetary policy on the low-frequency relationship between the … bank and responsible fiscal policy and more pronounced in times of high fiscal budget deficits and accommodative monetary … that switches in the monetary-fiscal policy interaction and accompanying variations in the propagation of structural shocks …