This paper reviews recent research on the political economy of monetary policy-making,
both by economists and political scientists. The traditional argument for central bank …

Artificial intelligence has become an important tool for governments around the world.
However, it is not clear to what extent artificial intelligence can improve decision-making …

This paper builds a network econometric model capable of analysing the impact of inflation
on systemic risk. Its main contribution is the identification of a robust inverse relationship …

Using an estimated DSGE model with monetary and fiscal policy interactions and allowing
for equilibrium indeterminacy, we find that a passive monetary and passive fiscal policy …

This paper explores the nonlinear effects of public debt on inflation. Using a sample of 22
emerging economies, our results provide evidence regarding the existence of threshold …

This paper examines the dynamics of trend inflation in Japan over the last three decades
based on the smooth transition Phillips curve model. We find that there is a strong …

We derive analytical expressions for fiscal multipliers on output and inflation under the Fiscal
Theory of the Price Level. In the associated 'fiscal regime', taxation multipliers turn positive …

We identify Treasury supply shocks using auction data, interpreting changes in futures
prices around announcements as shocks to expected supply. We isolate the component of …

Although the monetary policy impact on inflation is deliberated intensively in economic
literature, the fiscal policy impact has not gained much interest, particularly in the developing …

Purpose This paper aims to revisit the theme of fiscal-monetary coordination in a general
equilibrium setup that allows for unconventional monetary policy, monetary policy …