“...We study the revision of survey expectations in response to macroeconomic shocks, which we identify in vector autoregressive models with sign restrictions. We...”

“...We study the effects of macroeconomic shocks on measures of economic inequality obtained from U.S. survey data. To identify aggregate supply, aggregate demand,...”

“...We develop a simple experimental setting to evaluate the role of the Taylor principle, which holds that the nominal interest rate has to respond more than...”

“...In this paper we analyse how the availability of credit influences the relationship between government size as a proxy for fiscal stabilization policy and the...”

“...We study the effect of the size of the welfare state on demographic trends in OECD member countries. Exploiting exogenous variation in public social spending,...”

“...In this paper we explore empirically to what extent expected monetary policy matters for the dynamics of bank lending rates in the U.S. and in the U.K. Based...”

“...We study empirically how the development of financial systems influences the magnitude of output growth fluctuations in a sample of OECD countries between 1995...”

“...In this paper, we study the importance of marriage for interstate risk sharing in the US.We find that US federal states in which married couples account for a...”

“...In this paper we apply GMM estimation to assess the relevance of domestic versus external determinants of CPI inflation dynamics in a sample of OECD countries...”

“...We analyse the adjustment process of consumption growth after disequilibrating output shocks in a sample of Organization for Economic Cooperation and...”