In this paper, we analyze the effects of the stimulus packages adopted by the German
government during the Great Recession. We employ a standard medium-scale dynamic …

This paper reconsiders the role of macroeconomic shocks and policies in determining the
Great Recession and the subsequent recovery in the US. The Great Recession was mainly …

The study of the macroeconomic effects of tax changes and public spending plans has
regained footing recently. Nevertheless, in many occasions, the shortcomings of available …

Empirical research has uncovered an equity-efficiency trade-off in alternative fiscal
consolidation strategies. Spending-based adjustments are associated with more limited …

This article builds a model-based dynamic monetary and fiscal conditions index (DMFCI)
and uses it to examine the evolution of the joint stance of monetary and fiscal policies in the …

Fiscal stabilization without monetary autonomy can be challenging, especially in high-debt
economies. This paper studies the welfare outcomes of six fiscal stabilization rules in …

This paper investigates the effects of fiscal impulses on macroeconomic variables within a
New-Keynesian DSGE framework featuring an informal economy that allows for the …

In this paper we explore the potential of the DSGE-VAR modelling approach for examining
the effects of fiscal policy. The combination of the VAR and DSGE frameworks leads …

This paper aims at quantifying the impact of a stimulus plan based on a public investment
push, within a dynamic stochastic general equilibrium model of the Eurozone economy. We …

We investigate the redistributive and welfare effects of disinflation in a two‐agent New
Keynesian model characterized by limited asset market participation and wealth inequality …