“...This paper uses Consumer Expenditure Survey data and a seminonparametric statistical model to estimate life cycle profiles of consumption, controlling for...”

“...Supply-side policies can play a role infighting a low aggregate demand that traps an economy at the zero lower bound (ZLB) of nominal interest rates...”

“...In this paper, I review the literature on the formulation and estimation of dynamic stochastic general equilibrium (DSGE) models with a special emphasis on...”

“...In this paper, we provide a brief introduction to a new macroeconometric model of the Spanish economy named MEDEA (Modelo de Equilibrio Dinámico de la Economía...”

“...We show how changes in the volatility of the real interest rate at which small open emerging economies borrow have an important effect on variables like...”

“...This article reviews what cryptocurrencies are, and it frames them within the context of historical monetary experiences and contemporary monetary economics...”

“...In this paper, we argue for the importance of explicitly considering nonlinearities in analyzing the behavior of the New Keynesian model with a zero lower...”

“...We develop a quantitative business cycle model with search complementarities in the inter-firm matching process that entails a multiplicity of equilibria. An...”