We attempt to replicate 67 papers published in 13 well-regarded economics journals using
author-provided replication files that include both data and code. Some journals in our …

We develop the theory of price-level determination in a range of models using both ad hoc
policy rules and jointly optimal monetary and fiscal policies and discuss empirical issues that …

We estimate a model for the US economy with monetary/fiscal policy mix changes. Monetary
policy accommodated fiscal policy through the'60s–'70s leading to high inflation. Monetary …

We estimate a nonlinear VAR model to study the real effects of monetary policy shocks in
regimes characterized by high vs. low macroeconomic uncertainty. We find unexpected …

This article develops a change-point VAR model that isolates four major macroeconomic
regimes in the US since the 1960s. The model identifies shocks to demand, supply …

In this paper, we develop solutions for linearized models with forward‐looking expectations
and structural changes under a variety of assumptions regarding agents' beliefs about those …

We study the impact of the interaction between fiscal and monetary policy on the low-
frequency relationship between the fiscal stance and inflation using cross-country data from …

Announcements of future government spending have different effects on economic activity
depending on the monetary-fiscal policy mix. Upon announcement, they are contractionary …

This paper solves rational expectations models in which structural parameters switch across
multiple regimes according to state-dependent (endogenous) transition probabilities …

We estimate a model in which fiscal and monetary policy obey the targeting rules of distinct
policy authorities, with potentially different objective functions. We find:(1) Time‐consistent …