To ensure the safety and soundness of the global financial system as well as individual
financial institutions and to reduce systemic risk, numerous policy measures and regulatory …

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 …

The economic shutdown resulting from the COVID-19 pandemic across countries has
caused huge impacts on various industries which are cutting down production and jobs. This …

I apply a meta-regression analysis to a unique data set of 104 studies on multiplier effects to
derive stylized facts and quantify the differing effectiveness of the composition of fiscal …

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

This paper aims to estimate fiscal multipliers in eleven Eurozone countries. To do this, we
make use of yearly data provided by the OECD for the 1970–2016 period. By using the …

The global financial crisis has led to a renewed interest in discretionary fiscal stimulus.
Advocates of discretionary measures emphasize that government spending can stimulate …

In the aftermath of the global financial crisis, the state of macroeconomic modeling and the
use of macroeconomic models in policy analysis has come under heavy criticism …

We study a new class of Markov games,\textit {(multi-player) zero-sum Markov Games} with
{\it Networked separable interactions}(zero-sum NMGs), to model the local interaction …

The recovery in GDP growth since the global financial crisis has been halting and weak.
Concern is widespread that countercyclical policies have run out of space or lack the power …