Are government spending shocks inflationary at the zero lower bound (ZLB)? Despite the importance of the inflation … Keynesian models, which predict a larger fiscal multiplier following fiscal expansion at the ZLB - driven by rising inflation …

that productivity shocks alone generate significant variation in inflation across the two countries. Government spending … that smaller countries experience higher variability of their inflation differential in response to shocks to productivity … productivity growth by letting the income tax rate respond negatively to inflation differentials …

This study revisits and tests empirically the Portfolio Theory of Inflation (PTI), which analyzes how the effectiveness … (Bossone, The portfolio theory of inflation and policy (in)effectiveness, 2019). The PTI shows that when an economy is heavily … and policies aimed to stimulate output growth dissipate into domestic currency depreciation and higher inflation, with …

to combine low inflation with full employment. A renewed interest in the Rehn-Meidner model may emerge from recent …

The paper re-investigates the effects of government spending shocks on the real exchange rate and inflation. In …

across countries due to consumption home bias; thus fiscal policy influences inflation and the terms of trade. Prices are …

The paper re-investigates the effects of government spending shocks on the real exchange rate and inflation, using US …

This paper investigates the impact of fiscal shocks on inflation, using a large panel of 139 countries over the period … 1970–2021. First, both headline and core measures of inflation increase in response to expansionary shifts in the fiscal … with care in aggregate demand management as it has significant effects on inflation, which are highly dependent on fiscal …