Over the past 15 years there has been remarkable progress in the specification and
estimation of dynamic stochastic general equilibrium (DSGE) models. Central banks in …

Fiscal stimuli to recover? A cascade of academic and layman articles debate the
effectiveness of fiscal policy in stimulating the economy backed up by different economic …

We quantify government spending multipliers in US data using Bayesian prior and posterior
analysis of a monetary model with fiscal details and two distinct monetary-fiscal policy …

The green transformation of the building industry plays a key role in China's goal of carbon
neutrality. This paper creatively brings the green transformation behavior of the buildings …

Effects of government investment are studied in an estimated neoclassical growth model.
The analysis focuses on two dimensions that are critical for understanding government …

I apply a meta-regression analysis to a unique data set of 104 studies on multiplier effects to
derive stylized facts and quantify the differing effectiveness of the composition of fiscal …

General equilibrium models that include policy rules for government spending, lump-sum
transfers, and distortionary taxation on labor and capital income and on consumption …

Do tax cuts and spending increases stimulate output? Studies that identify fiscal shocks
using structural vector autoregressions (SVAR) have reached different conclusions. In this …

We find evidence of a bank lending channel operating in the euro area via bank risk.
Financial innovation and the wider use of new ways of transferring credit risk have tended to …

We use a dynamic general equilibrium model featuring a banking sector to assess the
interaction between macroprudential policy and monetary policy. We find that in “normal” …