News - or foresight - about future economic fundamentals can create rational expectations equilibria with non-fundamental representations that pose substantial

This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border ba

After the financial crisis, what important lessons can we learn from fiscal policy? This book provides an answer to this question.

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 met

We compute government spending multipliers for the Euro Area (EA) contingent on the interestgrowth differential, the so-called r-g. Whether the fiscal shock occ