Muscatelli, V. Anton; Tirelli, Patrizio - In: CESifo economic studies : CESifo, a joint initiative of … 51 (2005) 4, pp. 549-585
This paper provides an overview of recent papers which use estimated New Keynesian models to study the extent to which fiscal policy can be used to stabilize the economy. We use a variety of different New Keynesian models, estimated on data for both the US and for the Euro area, and highlight...
