“...We solve a version of the analytical Real Business Cycle (RBC) model with a predetermined rate of return on household saving. The solution differs from that of...”

“...This paper investigates the macroeconomic effects of fiscal policy in a setting in which private agents receive noisy signals about future shocks to government...”

“...Is risk taking an important channel by which monetary policy shocks affect economic activity? On the basis of a nonlinear structural VAR including a new...”

“...This paper provides an analytical characterization of the effects of noisy news shocks on fiscal policy. We consider a small-scale Dynamic Stochastic General...”

“...This article addresses the existence of a wide range of estimated government spending multipliers in a dynamic stochastic general equilibrium model of the euro...”

“...This paper studies the statistical properties of impulse response functions in structural vector autoregressions (SVARs) with a highly persistent variable as...”

“...The response of hours to a technology shock is a controversial issue in macroeconomics. Part of the difficulty lies in that the estimated response is sensitive...”

“...Standard business cycle models face difficulties generating (i) government spending multipliers exceeding unity and (ii) stabilizing effects of government...”

“...This paper assesses SVARs as relevant tools at identifying the dynamic effects of news shocks. Because of the misalignment between the econometrician and...”

“...We use Structural Vector Autoregressions to study the impact of technology improvements on hours worked in the major seven countries. While previous studies...”