 | Cross-Border Transmission of Fiscal Shocks: The Role of Monetary Conditions Author/Editor: Patrick Blagrave, Giang Ho, Ksenia Koloskova, Esteban Vesperoni. Release Date:May, 2018 Fiscal stimulus was widely advocated during the global crisis, a period characterized by monetary policy constrained by the effective lower bound (ELB) in many countries, in part because of expected more...
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 | Fiscal Spillovers: The Importance of Macroeconomic and Policy Conditions in Transmission : The Importance of Macroeconomic and Policy Conditions in Transmission Release Date:October, 2017 Are fiscal spillovers today as large as they were during the global financial crisis? How do they depend on economic and policy conditions? This note informs the debate on the cross-border impact of more...
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| Gone with the Headwinds : Global Productivity Author/Editor: Gustavo Adler, Romain A Duval, Davide Furceri, Sinem Kılıç Çelik, Ksenia Koloskova, Marcos Poplawski-Ribeiro. Release Date:April, 2017 Productivity growth—the key driver of living standards—fell sharply following the global financial crisis and has remained sluggish since, adding to a slowdown already in train before. Building more...
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| Impact of Migration on Income Levels in Advanced Economies Release Date:October, 2016 The recent refugee surge has brought attention to the macro-critical policy issue of migration, including speculations that migration can be an unfavorable phenomenon for the receiving economies. more...
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| Medium-Term Fiscal Multipliers during Protracted Recessions Author/Editor: Salvatore Dell'Erba, Marcos Poplawski-Ribeiro, Ksenia Koloskova. Release Date:December, 2014 The paper examines the consequences of fiscal consolidation in times of persistently lowgrowth and high unemployment by estimating medium-term fiscal multipliers duringprotracted recessions (PR) in a more...
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