In response to the record-breaking COVID19 recession, many governments have adopted
unprecedented fiscal stimuli. While countercyclical fiscal policy is effective in fighting …

We estimate local fiscal multipliers and spillovers for the United States using a rich dataset
based on US Department of Defense contracts and a variety of outcome variables relating to …

Using a novel regional database covering over 200 elections in several European countries,
this paper provides new empirical evidence on the political consequences of fiscal …

“Big G” typically refers to aggregate government spending on a homogeneous good. We
confront this notion with five facts for the universe of federal purchases. First, they are volatile …

Abstract In a New Keynesian model with downward nominal wage rigidity (DNWR), we show
that government spending is more effective in stimulating output in a low-inflation recession …

We evaluate the effects of inequality, fiscal policy, and COVID19 restrictions in a model of
economic slack with potentially rigid capital operating costs. Rich households satiate their …

Many countries have deployed substantial fiscal packages to cushion the economic fallout
from the COVID-19 pandemic. A historical look at past pandemics and epidemics highlights …

Using individual credit bureau data matched with cash windfalls from fracking, we estimate
that windfall recipients reduce debt-to-income by 2.4 percentage points relative to no …

Credit markets typically freeze in recessions: access to credit declines, and the cost of credit
increases. A conventional policy response is to rely on monetary tools to saturate financial …

Purpose This study aims to utilize the theory of planned behavior, integrating materialism,
financial socialization, and perceived financial capability, to explore the psychological …