The paper subjects seven structural DSGE models, all used heavily by policymaking
institutions, to discretionary fiscal stimulus shocks using seven different fiscal instruments, and …

This paper examines and compares in detail the concepts of β and σ-convergence. It
provides a mathematical relation of causality between these two concepts, showing that a …

We construct the World Uncertainty Index (WUI) for an unbalanced panel of 143 individual
countries on a quarterly basis from 1952. This is the frequency of the word “uncertainty” in the …

This paper analyses the effects in terms of size and volatility of government revenue and
spending on growth in OECD and EU countries. The results of the paper suggest that both …

We use EU sovereign bond yield and CDS spreads daily data to carry out an event study
analysis on the reaction of government yield spreads before and after announcements from …

This paper examines the economic effects of COVID-19 containment measures using daily
global data on containment measures, infections, and economic activity indicators, such as …

This paper examines the distributional effects of fiscal consolidation. Using episodes of fiscal
consolidation for a sample of 17 OECD countries over the period 1978–2009, we find that …

This paper provides new evidence of the effect of conventional monetary policy shocks on
income inequality. We construct a measure of unanticipated changes in policy rates—…

This paper provides evidence on the impact of major epidemics from the past two decades
on income distribution. The pandemics in our sample, even though much smaller in scale …

This paper provides new evidence of the macroeconomic effects of public investment in
advanced economies. Using public investment forecast errors to identify the causal effect of …