This paper investigates the role of informality in affecting the magnitude of the fiscal
multiplier in a panel of 141 countries, using the local projections method. We find a strong …

What advice can be given to the policymaker to reduce the burden of public debt after a
crisis? In this situation, the debt consolidation calls for fiscal surplus based on increases in …

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 …

In this paper, we disentangle public spending components in order analyse their effects on
the US economy. Our Dynamic Stochastic General Equilibrium Model (DSGE) model …

To study the causes and consequences of cyclical fluctuations in labor and capital income
inequality through structural lenses, I develop and estimate a TANK model featuring …

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 constructs a dynamic stochastic general equilibrium model with various trends for
each GDP by expenditure component and structural breaks. The model is estimated on the …

A monetary policy framework describing how to cope with a financial crisis might alleviate a
recession; however, it might also result in subsequent secular stagnation. Based on an …

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 …

Разработана модель динамического стохастического общего экономического
равновесия с различными трендами для каждой компоненты ВВП и структурными …