This paper estimates the multipliers of two types of government spending in the 20 Italian
administrative regions throughout 1960–2017, distinguishing between phases of expansion …

We develop a novel temporal complex network approach to quantify the US county level
spread dynamics of COVID-19. We use both conventional econometric and Machine …

This paper develops a local projection estimator for estimating impulse responses in the
presence of time variation. Importantly, we allow local instabilities in both slope coefficients …

The paper develops a local projection estimator for estimating impulse responses in the
presence of time variation. Importantly, we allow local instabilities in both slope coefficients …

This paper empirically studies the US multiplier effects of government investment,
government consumption and total government purchases on output. We explore …

We investigate the cumulative government spending multiplier in times of tight and loose
monetary policy for New Zealand. Using local projections with instrumental variables, we …

This paper investigates the implications of fiscal policy for labor income inequality through
two causal channels. First, I estimate how fiscal policy reacts to negative income shocks …

I selectively survey the literature on business cycle asymmetry to consider theoretical
sources of asymmetry, policy implications, empirical evidence, and further issues around the …

To estimate state‐dependent US output multipliers of government spending, we build a
Markov‐switching fiscal VAR assuming that the economy is subject to unobservable regime …

Fiscal foresight---the anticipation of future policy changes---complicates the identification of
fiscal policy effects on the real economy using conventional VARs. This paper addresses …