Author/Editor: Philipp Engler, Nathalie Pouokam, Diego Rodriguez Guzman, Irina Yakadina.

Release Date:November, 2020

Voluntary and government-mandated lockdowns in response to COVID-19 have caused causing drastic reductions in economic activity around the world. We present a parsimonious two-country-SIR model with more...

Author/Editor: Emilia M Jurzyk, Medha Madhu Nair, Nathalie Pouokam, Tahsin Saadi Sedik, Anthony Tan, Irina Yakadina.

Release Date:October, 2020

The COVID-19 pandemic risks exacerbating inequality in Asia. High frequency labor surveys show that the pandemic is having particularly adverse effects on younger workers, women and people that are more...

Author/Editor: Edouard Martin, Irina Yakadina, Irina Tytell.

Release Date:April, 2011

This paper analyzes past fiscal consolidation plans and their outcomes in France. It covers the early attempts at fiscal consolidation in the 1970s and the 1980s (Plan Barre and Virage de la more...

Author/Editor: Michael Kumhof, Ricardo Nunes, Irina Yakadina.

Release Date:December, 2007

Is aggressive monetary policy response to inflation feasible in countries that suffer from fiscal dominance? We find that if nominal interest rates are allowed to respond to government debt, even more...

Author/Editor: Irina Yakadina, Michael Kumhof.

Release Date:March, 2007

Why do governments issue large amounts of debt? In what sense and for whom is such a policy optimal? We show that twisting the optimal taxation paradigm produces very reasonable predictions for debt more...