Author/Editor: Giancarlo Corsetti, André Meier, Gernot Müller.

Release Date:June, 2012

This paper studies how the effects of government spending vary with the economic environment. Using a panel of OECD countries, we identify fiscal shocks as residuals from an estimated spending rule more...

Author/Editor: Andre Meier.

Release Date:August, 2010

This paper studies inflation dynamics during 25 historical episodes in advanced economies where output remained well below potential for an extended period. We find that such episodes generally more...

Author/Editor: Andre Meier.

Release Date:August, 2009

The Bank of England's current quantitative easing strategy has given rise to a controversial debate about the effects and risks of unconventional monetary policy. The present paper makes two more...

Author/Editor: Gernot M

Release Date:WP.jpg