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Benjamin Born

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Bayer, Christian & Born, Benjamin & Luetticke, Ralph & Müller, Gernot, 2022. "The Coronavirus Stimulus Package: How large is the transfer multiplier?," CEPR Discussion Papers 14600, C.E.P.R. Discussion Papers.

    Mentioned in:

    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic policy > Household support > CARES Act
    2. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic policy > Household support > Cash transfers

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Benjamin Born & Gernot J. Müller & Johannes Pfeifer, 2020. "Does Austerity Pay Off?," The Review of Economics and Statistics, MIT Press, vol. 102(2), pages 323-338, May.

    Mentioned in:

    1. Does Austerity Pay Off? (REStat 2020) in ReplicationWiki ()

Working papers

  1. Benjamin Born & Zeno Enders & Manuel Menkhoff & Gernot J. Müller & Knut Niemann & Gernot Müller, 2022. "Firm Expectations and News: Micro v Macro," CESifo Working Paper Series 10192, CESifo.

    Cited by:

    1. Francesco Bianchi & Cosmin L. Ilut & Hikaru Saijo, 2024. "Smooth Diagnostic Expectations," NBER Working Papers 32152, National Bureau of Economic Research, Inc.
    2. Blesse, Sebastian & Buhlmann, Florian & Heil, Philipp & Rostam-Afschar, Davud, 2025. "Local policy misperceptions and investment: Experimental evidence from firm decision makers," ZEW Discussion Papers 25-024, ZEW - Leibniz Centre for European Economic Research.
    3. Hack, Lukas & Rostam-Afschar, Davud, 2024. "Understanding Firm Dynamics with Daily Data," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302376, Verein für Socialpolitik / German Economic Association.
    4. Jonas Dovern & Lena Sophia Müller & Klaus Wohlrabe, 2022. "Local Information and Firm Expectations about Aggregates," CESifo Working Paper Series 9826, CESifo.
    5. Nöller, Marvin & Balleer, Almut, 2023. "Monetary Policy in the Presence of Supply Constraints: Evidence from German Firm-level Data," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277638, Verein für Socialpolitik / German Economic Association.
    6. Robert Lehmann, 2020. "The Forecasting Power of the ifo Business Survey," CESifo Working Paper Series 8291, CESifo.
    7. Schmidt, Torsten & Müller, Henrik & Rieger, Jonas & Schmidt, Tobias & Jentsch, Carsten, 2023. "Inflation perception and the formation of inflation expectations," Ruhr Economic Papers 1025, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    8. Balleer, Almut & Noeller, Marvin, 2023. "Monetary policy in the presence of supply constraints: Evidence from German firm-level data," Ruhr Economic Papers 1060, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    9. Almut Balleer & Marvin Noeller, 2023. "Monetary Policy in the Presence of Supply Constraints: Evidence from German Firm-Level Data," CESifo Working Paper Series 10261, CESifo.
    10. Daria Minina & Gabriele Galati & Richhild Moessner & Maarten van Rooij, 2024. "The effect of information on consumer inflation expectations," Working Papers 810, DNB.
    11. Chan, Jenny, 2024. "Monetary policy and sentiment-driven fluctuations," Journal of Economic Theory, Elsevier, vol. 222(C).
    12. Jenny Chan, 2024. "Monetary policy and sentiment-driven fluctuations," Bank of England working papers 1106, Bank of England.
    13. Zaremba, Adam & Cakici, Nusret & Bianchi, Robert J. & Long, Huaigang, 2023. "Interest rate changes and the cross-section of global equity returns," Journal of Economic Dynamics and Control, Elsevier, vol. 147(C).

  2. Nittai Bergman & Benjamin Born & David A. Matsa & Michael Weber, 2022. "Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth," NBER Working Papers 29651, National Bureau of Economic Research, Inc.

    Cited by:

    1. Anastasia Burya & Rui Mano & Mr. Yannick Timmer & Miss Anke Weber, 2022. "Monetary Policy Under Labor Market Power," IMF Working Papers 2022/128, International Monetary Fund.
    2. Gulyas, Andreas & Meier, Matthias & Ryzhenkov, Mykola, 2024. "Labor market effects of monetary policy across workers and firms," European Economic Review, Elsevier, vol. 166(C).
    3. Juan Herreño & Mathieu Pedemonte, 2022. "The Geographic Effects of Monetary Policy," Working Papers 22-15, Federal Reserve Bank of Cleveland.
    4. Giovanni Favara & Francesca Loria & Egon Zakrajšek, 2025. "Monetary Policy and the Distribution of Income: Evidence from U.S. Metropolitan Areas," Working Papers 25-1, Federal Reserve Bank of Boston.
    5. Marco Bellifemine & Adrien Couturier & Rustam Jamilov, 2022. "The Regional Keynesian Cross," Economics Series Working Papers 995, University of Oxford, Department of Economics.
    6. Julia Fonseca & Lu Liu, 2024. "Mortgage Lock‐In, Mobility, and Labor Reallocation," Journal of Finance, American Finance Association, vol. 79(6), pages 3729-3772, December.
    7. Dobrew, Michael & Gerke, Rafael & Giesen, Sebastian & Röttger, Joost, 2023. "Make-Up Strategies with Incomplete Markets and Bounded Rationality," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277697, Verein für Socialpolitik / German Economic Association.
    8. Marjan Petreski & Stefan Tanevski & Alejandro D. Jacobo, 2024. "Monetary Policy and the Gendered Labor Market Dynamics: Evidence from Developing Economies," Papers 2402.05729, arXiv.org.
    9. Isabel Cairó & Avi Lipton, 2023. "Labor Market Discrimination and the Racial Unemployment Gap: Can Monetary Policy Make a Difference?," Finance and Economics Discussion Series 2023-065, Board of Governors of the Federal Reserve System (U.S.).
    10. Federico Ravenna & Carl E. Walshy, 2024. "Inclusive Monetary Policy in a Model with Heterogeneous Workers," Carlo Alberto Notebooks 734 JEL Classification: E, Collegio Carlo Alberto.
    11. Marco Bellifemine & Adrien Couturier & Rustam Jamilov, 2023. "The Regional Keynesian Cross," Discussion Papers 2311, Centre for Macroeconomics (CFM).
    12. Paul Hubert & Frédérique Savignac, 2023. "Monetary Policy and Labor Income Inequality: the Role of Extensive and Intensive Margins," SciencePo Working papers Main hal-04524715, HAL.
    13. Serafin Frache & Rodrigo Lluberas & Mathieu Pedemonte & Javier Turen, 2023. "The Transmission of International Monetary Policy Shocks on Firms' Expectations," Working Papers 23-01, Federal Reserve Bank of Cleveland.
    14. Mohammed Ait Lahcen & Garth Baughman & Hugo van Buggenum, 2023. "Racial unemployment gaps and the disparate impact of the inflation tax," ECON - Working Papers 433, Department of Economics - University of Zurich.
    15. Dossche, Maarten & Kolndrekaj, Aleksandra & Propst, Maximilian & Ramos Perez, Javier & Slacalek, Jiri, 2022. "Immigrants and the distribution of income and wealth in the euro area: first facts and implications for monetary policy," Working Paper Series 2719, European Central Bank.

  3. Bayer, Christian & Born, Benjamin & Luetticke, Ralph & Müller, Gernot, 2022. "The Coronavirus Stimulus Package: How large is the transfer multiplier?," CEPR Discussion Papers 14600, C.E.P.R. Discussion Papers.

    Cited by:

    1. Cardani, Roberta & Pfeiffer, Philipp & Ratto, Marco & Vogel, Lukas, 2023. "The COVID-19 recession on both sides of the Atlantic: A model-based comparison," European Economic Review, Elsevier, vol. 158(C).
    2. Michael Hüther, 2020. "Investitionen und Konsum: wirtschaftspolitische Handlungsoptionen zur Jahresmitte 2020 [Investment and Consumption: Economic Policy Options in Mid-2020]," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(6), pages 422-428, June.
    3. Hinterlang, Natascha & Moyen, Stephane & Röhe, Oke & Stähler, Nikolai, 2023. "Gauging the effects of the German COVID-19 fiscal stimulus package," European Economic Review, Elsevier, vol. 154(C).
    4. Shiou‐Yen Chu, 2024. "The impact of the COVID‐19 pandemic on high‐skilled and low‐skilled labor markets in a DSGE model," Scottish Journal of Political Economy, Scottish Economic Society, vol. 71(1), pages 41-74, February.
    5. Giuseppe Ferrero & Massimiliano Pisani & Martino Tasso, 2022. "Policy Mix During a Pandemic Crisis: A Review of the Debate on Monetary and Fiscal Responses and the Legacy for the Future," Springer Proceedings in Business and Economics, in: Luigi Paganetto (ed.), Economic Challenges for Europe After the Pandemic, pages 267-320, Springer.
    6. Jérôme Creel & Mehdi El Herradi, 2020. "Income inequality and monetary policy in the Euro Area," SciencePo Working papers Main hal-03389183, HAL.
    7. Bole, Velimir & Prašnikar, Janez & Rop, Anton, 2023. "Support for those not affected: How macroeconomic policies have shaped COVID’s impact on sectoral activity," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 265-280.
    8. Fetzer, Thiemo, 2020. "Subsidizing the spread of COVID19 : Evidence from the UK’s Eat-Out to-Help-Out scheme," The Warwick Economics Research Paper Series (TWERPS) 1310, University of Warwick, Department of Economics.
    9. Yixiao Jiang & Kathryn D’Amato & Robert Winder & George Zestos, 2024. "Political Partisanship, COVID-19 Lockdown Policies, and Inflation Dynamics: Evidence from U.S. Metropolitan Areas," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 52(2), pages 79-92, September.
    10. Greg Kaplan & Benjamin Moll & Giovanni Violante, 2020. "The Great Lockdown and the Big Stimulus: Tracing the Pandemic Possibility Frontier for the U.S," Working Papers 2020-119, Becker Friedman Institute for Research In Economics.
    11. Aurélien Eyquem, 2020. "The Macroeconomic Effects of Lockdown policies," Post-Print halshs-02910895, HAL.
    12. Hausmann, Ricardo & Schetter, Ulrich, 2022. "Horrible trade-offs in a pandemic: Poverty, fiscal space, policy, and welfare," World Development, Elsevier, vol. 153(C).
    13. Antoine Mandel & Vipin Veetil, 2020. "The Economic Cost of COVID Lockdowns: An Out-of-Equilibrium Analysis," Post-Print halshs-03043350, HAL.
    14. Saroj Bhattarai & Jae Won Lee & Choongryul Yang, 2023. "Redistribution and the monetary‐fiscal policy mix," Quantitative Economics, Econometric Society, vol. 14(3), pages 817-853, July.
    15. Bui, Dzung & Dräger, Lena & Hayo, Bernd & Nghiem, Giang, 2021. "The Effects of Fiscal Policy on Households during the COVID-19 Pandemic: Evidence from Emerging Economies," Hannover Economic Papers (HEP) dp-685, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    16. Sørensen, Bent E & Nygaard, Vegard M. & Wang, Fan, 2020. "Optimal allocations to heterogeneous agents with an application to stimulus checks," CEPR Discussion Papers 15283, C.E.P.R. Discussion Papers.
    17. Stefan Hohberger, 2025. "Germany’s macroeconomic drivers during the pandemic and inflation surge," International Economics and Economic Policy, Springer, vol. 22(1), pages 1-49, February.
    18. Christopher D. Carroll & Edmund Crawley & Jiri Slacalek & Matthew N. White, 2020. "Modeling the Consumption Response to the CARES Act," NBER Working Papers 27876, National Bureau of Economic Research, Inc.
    19. Paula Bejarano Carbo, 2024. "The Nature of the Inflationary Surprise in Europe and the USA," National Institute of Economic and Social Research (NIESR) Discussion Papers 554, National Institute of Economic and Social Research.
    20. Alessandro Piergallini, 2024. "Fiscal Stimulus of Last Resort," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(6), pages 1479-1514, September.
    21. Brant Abbott & Nam Phan, 2022. "Should wages be subsidized in a pandemic?," Working Paper 1486, Economics Department, Queen's University.
    22. Selim Raihan & FNU Jonaed & Md. Tuhin Ahmed, 2024. "Impact of Stimulus Packages on Business Recovery During the COVID-19 Pandemic in Bangladesh," Journal of South Asian Development, , vol. 19(2), pages 169-198, August.
    23. Guettabi, Mouhcine & Witman, Allison, 2023. "Universal cash transfers and prescription utilization: Evidence from the Alaska permanent fund dividend," Journal of Health Economics, Elsevier, vol. 90(C).
    24. Graham, James & Ozbilgin, Murat, 2021. "Age, industry, and unemployment risk during a pandemic lockdown," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    25. Kim, Jihee & Lee, Susang, 2024. "Can stimulus checks to households save the local economy? The impact of South Korea’s COVID-19 stimulus on small business sales," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 159-176.
    26. Dunz, Nepomuk & Hrast Essenfelder, Arthur & Mazzocchetti, Andrea & Monasterolo, Irene & Raberto, Marco, 2023. "Compounding COVID-19 and climate risks: The interplay of banks’ lending and government’s policy in the shock recovery," Journal of Banking & Finance, Elsevier, vol. 152(C).
    27. Can, Ufuk & Can, Zeynep Gizem & Bocuoglu, Mehmet Emin & Dogru, Muhammed Erkam, 2021. "The effectiveness of the post-Covid-19 recovery policies: Evidence from a simulated DSGE model for Turkey," Economic Analysis and Policy, Elsevier, vol. 71(C), pages 694-708.
    28. Scott R. Baker & Robert A Farrokhnia & Steffen Meyer & Michaela Pagel & Constantine Yannelis, 2023. "Income, Liquidity, and the Consumption Response to the 2020 Economic Stimulus Payments," Review of Finance, European Finance Association, vol. 27(6), pages 2271-2304.
    29. Ostry, Jonathan D. & Furceri, Davide & Ganslmeier, Michael & Yang, Naihan, 2021. "Initial Output Losses from the Covid-19 Pandemic: Robust Determinants," CEPR Discussion Papers 15892, C.E.P.R. Discussion Papers.
    30. Mr. Tidiane Kinda & Andras Lengyel & Kaustubh Chahande, 2022. "Fiscal Multipliers During Pandemics," IMF Working Papers 2022/149, International Monetary Fund.
    31. Kopiec, Paweł, 2024. "The aggregate and distributional effects of fiscal stimuli," Economic Modelling, Elsevier, vol. 134(C).
    32. Christian Keuschnigg & Julian Johs & Jacob Stevens, 2021. "Consolidating the Covid Debt," CESifo Working Paper Series 9497, CESifo.
    33. Kudlyak, Marianna & Faia, Ester & Shabalina, Ekaterina, 2021. "Dynamic Labor Reallocation with Heterogeneous Skills and Uninsured Idiosyncratic Risk," CEPR Discussion Papers 16008, C.E.P.R. Discussion Papers.
    34. Deiana, Claudio & Geraci, Andrea & Mazzarella, Gianluca & Sabatini, Fabio, 2021. "COVID-19 Relief Programs and Compliance with Confinement Measures," IZA Discussion Papers 14064, Institute of Labor Economics (IZA).
    35. Claudio Deiana & Andrea Geraci & Gianluca Mazzarella & Fabio Sabatini, 2021. "Can relief measures nudge compliance in a public health crisis? Evidence from a kinked fiscal policy rule," Working Papers in Public Economics 214, Department of Economics and Law, Sapienza University of Roma.
    36. Faria-e-Castro, Miguel, 2021. "Fiscal policy during a pandemic," Journal of Economic Dynamics and Control, Elsevier, vol. 125(C).
    37. Müller, Gernot & Dietrich, Alexander & Kuester, Keith & Schoenle, Raphael, 2021. "News and uncertainty about COVID-19: Survey evidence and short-run economic impact," CEPR Discussion Papers 16766, C.E.P.R. Discussion Papers.
    38. Julie Ann Q. Basconcillo, 2023. "A nexus between fiscal policy and inflation: a case study of Indonesia using SVAR model," Public Sector Economics, Institute of Public Finance, vol. 47(4), pages 477-503.
    39. Hiona Balfoussia & Heather D. Gibson & Dimitris Malliaropulos & Dimitris Papageorgiou, 2020. "The economic impact of pandemics: real and financial transmission channels," Working Papers 283, Bank of Greece.
    40. Bence Bardóczy & Jae W. Sim & Andreas Tischbirek, 2024. "The Macroeconomic Effects of Excess Savings," Finance and Economics Discussion Series 2024-062, Board of Governors of the Federal Reserve System (U.S.).
    41. Bui, Dzung & Dräger, Lena & Hayo, Bernd & Nghiem, Giang, 2021. "The Effects of Fiscal Policy on Households during the COVID-19 Pandemic," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242464, Verein für Socialpolitik / German Economic Association.
    42. William Gamber & James Graham & Anirudh Yadav, 2021. "Stuck at home: Housing demand during the COVID- 19 pandemic," CAMA Working Papers 2021-97, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    43. Philipp Pfeiffer & Werner Roeger & Jan in ’t Veld, 2020. "The COVID19-Pandemic in the EU: Macroeconomic Transmission and Economic Policy Response," European Economy - Discussion Papers 127, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    44. Alessandro Di Nola & Leo Kaas & Haomin Wang, 2022. "Rescue Policies for Small Businesses in the Covid-19 Recession," CESifo Working Paper Series 9641, CESifo.
    45. McQuinn, Kieran & Varthalitis, Petros, 2020. "Debt sharing after Covid-19: How the direct involvement of EU institutions could impact the recovery path of a member state," Papers WP663, Economic and Social Research Institute (ESRI).
    46. Bui, Dzung & Dräger, Lena & Hayo, Bernd & Nghiem, Giang, 2022. "The effects of fiscal policy on households during the COVID-19 pandemic: Evidence from Thailand and Vietnam," World Development, Elsevier, vol. 153(C).
    47. Alessandro Di Nola & Leo Kaas & Haomin Wang, 2023. "Online Appendix to "Rescue policies for small businesses in the Covid-19 recession"," Online Appendices 22-55, Review of Economic Dynamics.
    48. Hackethal, Andreas & Weber, Annika, 2020. "Fiscal policies and household consumption during the COVID-19 pandemic: A review of early evidence," SAFE White Paper Series 76, Leibniz Institute for Financial Research SAFE.
    49. Funke, Michael & Terasa, Raphael, 2022. "Has Germany’s temporary VAT rates cut as part of the COVID-19 fiscal stimulus boosted growth?," Journal of Policy Modeling, Elsevier, vol. 44(2), pages 450-473.
    50. Anand Chopra & Michael B. Devereux & Amartya Lahiri, 2022. "Pandemics through the lens of occupations," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 55(S1), pages 540-580, February.
    51. Wei Dong & Geoffrey Dunbar & Christian Friedrich & Dmitry Matveev & Romanos Priftis & Lin Shao, 2021. "Complementarities Between Fiscal Policy and Monetary Policy—Literature Review," Discussion Papers 2021-4, Bank of Canada.
    52. Evi Pappa & Andrey Ramos & Eugenia Vella, 2024. "Which Crisis Support Fiscal Measures Worked During the Covid-19 Shock in Europe?," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 15(4), pages 327-348, December.
    53. Emanuele Colombo Azimonti & Luca Portoghese & Patrizio Tirelli, 2022. "Covid-19 supply-side fiscal policies to escape the health-vs-economy dilemma," DEM Working Papers Series 208, University of Pavia, Department of Economics and Management.
    54. Matthias Meier & Eugenio Pinto, 2020. "COVID-19 Supply Chain Disruptions," CRC TR 224 Discussion Paper Series crctr224_2020_239, University of Bonn and University of Mannheim, Germany.
    55. Bańnkowska, Katarzyna & Borlescu, Ana Maria & Charalambakis, Evangelos & Da Silva, António Dias & Di Laurea, Davide & Dossche, Maarten & Georgarakos, Dimitris & Honkkila, Juha & Kennedy, Neale & Kenny, 2021. "ECB Consumer Expectations Survey: an overview and first evaluation," Occasional Paper Series 287, European Central Bank.
    56. Hüther, Michael, 2020. "Investitionen und Konsum: Überlegungen zu wirtschaftspolitischen Handlungsoptionen zur Jahresmitte 2020," IW policy papers 13/2020, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    57. Kurt Kratena, 2022. "Supply constraints in a heterogenous agents household demand model: a method for assessing the direct impact of the COVID lockdown," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 49(1), pages 71-97, February.
    58. Consolo, Agostino & Hänsel, Matthias, 2024. "HANK faces unemployment," Working Paper Series 2953, European Central Bank.
    59. Bartal, Mehdi & Becard, Yvan, 2024. "Consumption tax cuts vs stimulus payments," Journal of Public Economics, Elsevier, vol. 239(C).
    60. Theologos Dergiades & Costas Milas & Theodore Panagiotidis, 2022. "Unemployment Claims During COVID-19 and Economic Support Measures in the U.S," Working Paper series 22-07, Rimini Centre for Economic Analysis.
    61. Charles Goodhart & Donato Masciandaro & Stefano Ugolini, 2022. "Pandemic Recession and Helicopter Money: Venice, 1629--1631," Papers 2201.07181, arXiv.org.
    62. Luca Portoghese & Patrizio Tirelli, 2024. "Getting ready for the next pandemic: supply- side policies to escape the health-vs-economy dilemma," DEM Working Papers Series 219, University of Pavia, Department of Economics and Management.
    63. Anna Bartocci & Alessandro Notarpietro & Massimiliano Pisani, 2022. "Covid-19 Shock and Fiscal-Monetary Policy Mix in a Monetary Union," Springer Proceedings in Business and Economics, in: Luigi Paganetto (ed.), Economic Challenges for Europe After the Pandemic, pages 233-266, Springer.
    64. Kim, Wongi, 2021. "Macroeconomic effects of government transfer payments: Evidence from Korea," Economic Modelling, Elsevier, vol. 102(C).
    65. Hannah Magdalena Seidl & Fabian Seyrich, 2021. "Unconventional Fiscal Policy in HANK," Discussion Papers of DIW Berlin 1953, DIW Berlin, German Institute for Economic Research.
    66. Xingyuan Yao, 2021. "COVID-19 Pandemic and economic stimulus policy inequality: evidence from quasi-natural experiments," Working Papers 585, ECINEQ, Society for the Study of Economic Inequality.
    67. Michael Funke & Raphael Terasa, 2020. "Will Germany's Temporary VAT Tax Rates Cut as Part of the Covid-19 Fiscal Stimulus Package Boost Consumption and Growth?," CESifo Working Paper Series 8765, CESifo.
    68. Arigoni, Filippo & Breznikar, Miha & Lenarčič, Črt & Maletič, Matjaž, 2020. "Impact of fiscal measures in response to the COVID-19 pandemic on small-open economies: lessons from Slovenia," MPRA Paper 104474, University Library of Munich, Germany.
    69. Pongpitch Amatyakul & Panchanok Jumrustanasan & Pornchanok Tapkham, 2023. "What can 20 billion financial transactions tell us about the impacts of Covid-19 fiscal transfers?," BIS Working Papers 1130, Bank for International Settlements.
    70. Allen-Coghlan, Matthew & McQuinn, Kieran & Varthalitis, Petros, 2020. "Sovereign debt after COVID-19: How the involvement of the ECB can impact the recovery path of a Member State," Quarterly Economic Commentary: Special Articles, Economic and Social Research Institute (ESRI).
    71. Sebastian Gechert & Christoph Paetz & Achim Truger, 2020. "Konjunkturpaket notwendig — Rückkehr zur Schuldenbremse nicht forcieren," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 100(7), pages 493-497, July.

  4. Ruediger Bachmann & Benjamin Born & Olga Goldfayn-Frank & Georgi Kocharkov & Ralph Luetticke & Michael Weber & Michael Weber, 2021. "A Temporary VAT Cut as Unconventional Fiscal Policy," CESifo Working Paper Series 9399, CESifo.

    Cited by:

    1. R. Anton Braun & Daisuke Ikeda, 2025. "Online Appendix to "Monetary Policy Over the Lifecycle"," Online Appendices 23-172, Review of Economic Dynamics.
    2. Fetzer, Thiemo & Shaw, Callum & Edenhofer, Jacob, 2024. "Informational Boundaries of the State," CEPR Discussion Papers 18773, C.E.P.R. Discussion Papers.
    3. Victoria Baudisch & Matthias Neuenkirch, 2023. "Costly, but (Relatively) Ineffective? An Assessment of Germany’s Temporary VAT Rate Reduction during the Covid-19 Pandemic," CESifo Working Paper Series 10417, CESifo.
    4. Lucas Rosso & Rodrigo Wagner, 2024. "How much does mobility matter for value-added tax revenue? Cross-country evidence around COVID-19," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 31(3), pages 841-855, June.
    5. Christian Bayer & Alexander Kriwoluzky & Gernot J. Müller & Fabian Seyrich, 2023. "Hicks in HANK: Fiscal Responses to an Energy Shock," Discussion Papers of DIW Berlin 2056, DIW Berlin, German Institute for Economic Research.
    6. Christian Bayer & Alexander Kriwoluzky & Gernot J. Müller & Fabian Seyrich, 2025. "Redistribution Within and Across Borders: The Fiscal Response to an Energy Shock," ECONtribute Discussion Papers Series 361, University of Bonn and University of Cologne, Germany.
    7. Georg Schneider & Frank Stähler & Georg U. Thunecke, 2023. "The (Non-)Neutrality of Value-Added Taxation," Working Papers tax-mpg-rps-2023-20, Max Planck Institute for Tax Law and Public Finance.
    8. Jochen Güntner & Magnus Reif & Maik Wolters, 2024. "Sudden stop: Supply and demand shocks in the German natural gas market," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(7), pages 1282-1300, November.
    9. Schnorpfeil, Philip & Weber, Michael & Hackethal, Andreas, 2024. "Households' Response to the Wealth Effects of Inflation," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302382, Verein für Socialpolitik / German Economic Association.
    10. Montes, Gabriel Caldas & dos Anjos, Daniel Pereira, 2024. "Are public debt and public debt expectations associated with debt management strategies?," The Quarterly Review of Economics and Finance, Elsevier, vol. 98(C).
    11. Elisa Guglielminetti & Concetta Rondinelli, 2024. "Macro and Micro Consumption Drivers in the Wake of the COVID-19 Pandemic," International Journal of Central Banking, International Journal of Central Banking, vol. 20(1), pages 181-237, February.
    12. Michal Marencak, 2023. "State-dependent inflation expectations and consumption choices," Working and Discussion Papers WP 10/2023, Research Department, National Bank of Slovakia.
    13. Lemoine Matthieu & Jesper Lind, 2021. "Fiscal Stimulus in Liquidity Traps: Conventional or Unconventional Policies?," Working papers 799, Banque de France.
    14. Winfried Koeniger & Peter Kress, 2024. "The Effect of Unconventional Fiscal Policy on Consumption – New Evidence Based on Transactional Data," CESifo Working Paper Series 11440, CESifo.
    15. Baudisch Victoria & Neuenkirch Matthias, 2024. "A Comparative Evaluation of Fiscal Stabilization Strategies during the Covid-19 Pandemic with Germany as a Reference Point," The Economists' Voice, De Gruyter, vol. 21(1), pages 29-63.
    16. Riccardo Bianchi Vimercati & Martin S. Eichenbaum & Joao Guerreiro, 2021. "Fiscal Stimulus with Imperfect Expectations: Spending vs. Tax Policy," NBER Working Papers 29134, National Bureau of Economic Research, Inc.
    17. Michael Weber & Francesco D’Acunto & Yuriy Gorodnichenko & Olivier Coibion, 2022. "The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications," NBER Working Papers 30046, National Bureau of Economic Research, Inc.
    18. Gregor, Leonard & Haucap, Justus, 2024. "The Rise of Refinery Margins," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302420, Verein für Socialpolitik / German Economic Association.
    19. Francesco D’Acunto & Ulrike Malmendier & Michael Weber, 2022. "What Do the Data Tell Us About Inflation Expectations?," NBER Working Papers 29825, National Bureau of Economic Research, Inc.
    20. Liu, Xiufen & Fang, Hongsheng & Zhao, Lexin & Xu, Wenli, 2023. "Do VAT cuts help stabilize employment? Evidence from China’s VAT rate reform," Economic Analysis and Policy, Elsevier, vol. 78(C), pages 190-207.
    21. Fedoseeva, Svetlana & Van Droogenbroeck, Ellen, 2024. "Temporary VAT rate cuts and food prices in e-commerce," Journal of Retailing and Consumer Services, Elsevier, vol. 77(C).
    22. R. Anton Braun & Daisuke Ikeda, 2021. "Monetary Policy over the Life Cycle," FRB Atlanta Working Paper 2021-20a, Federal Reserve Bank of Atlanta.
    23. Phil Dean & Maclean Gaulin & Nathan Seegert & Mu-Jeung Yang, 2023. "The COVID-19 state sales tax windfall," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 30(5), pages 1408-1434, October.
    24. Marius Clemens & Werner Röger, 2022. "Durable Consumption, Limited VAT Pass-Through and Stabilization Effects of Temporary VAT Changes," Discussion Papers of DIW Berlin 2004, DIW Berlin, German Institute for Economic Research.
    25. Goldfayn-Frank, Olga & Lewis, Vivien & Wehrhöfer, Nils, 2022. "Spending effects of child-related fiscal transfers," Discussion Papers 26/2022, Deutsche Bundesbank.

  5. Benjamin Born & Francesco D’Ascanio & Gernot J. Müller & Johannes Pfeifer, 2021. "Mr. Keynes Meets the Classics: Government Spending and the Real Exchange Rate," ifo Working Paper Series 352, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.

    Cited by:

    1. Anne Kathrin Funk & Daniel Kaufmann, 2020. "Do Sticky Wages Matter? New Evidence from Matched Firm-Survey and Register Data," KOF Working papers 20-480, KOF Swiss Economic Institute, ETH Zurich.
    2. Boysen-Hogrefe, Jens & Groll, Dominik & Hoffmann, Timo & Jannsen, Nils & Kooths, Stefan & Schröder, Christian, 2025. "Deutsche Wirtschaft im Sommer 2025: Talsohle erreicht, Erholungssignale verdichten sich [German Economy in Summer 2025: Signs of recovery as economy bottoms out]," Kieler Konjunkturberichte 125, Kiel Institute for the World Economy (IfW Kiel).
    3. Laurent Ferrara & Luca Metelli & Filippo Natoli & Daniele Siena, 2020. "Questioning the puzzle: Fiscal policy, exchange rate and inflation," Working papers 752, Banque de France.
    4. Hyeongwoo Kim & Shuwei Zhang, 2022. "Policy Coordination and the Effectiveness of Fiscal Stimulus," Auburn Economics Working Paper Series auwp2022-01, Department of Economics, Auburn University.
    5. Cloyne, James & Jordà , Òscar & Taylor, Alan M., 2023. "State-Dependent Local Projections: Understanding Impulse Response Heterogeneity," CEPR Discussion Papers 17903, C.E.P.R. Discussion Papers.
    6. Mamondi Victor Daniel & Oviedo Jorge & De la Rosa Adolfo, 2023. "El-Déficit-Fiscal-Deteriora-el-Tipo-de-Cambio-Real.-Evidencias-por-medio-de-un-modelo-de-EGDE-para-Argentina," Asociación Argentina de Economía Política: Working Papers 4666, Asociación Argentina de Economía Política.
    7. HSING, Yu, 2021. "Are The Predictions Of The Mundell-Fleming Model Applicable To Argentina?," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 21(1), pages 37-48.
    8. Benatti, Nicola & Groiss, Martin & Kelly, Petra & Lopez-Garcia, Paloma, 2024. "Environmental regulation and productivity growth in the euro area: Testing the porter hypothesis," Journal of Environmental Economics and Management, Elsevier, vol. 126(C).
    9. Yoon J. Jo & Sarah Zubairy, 2021. "State dependent government spending multipliers: Downward nominal wage rigidity and sources of business cycle fluctuations," Working Papers 20210127-001, Texas A&M University, Department of Economics.
    10. Ilzetzki, Ethan, 2025. "Guns and growth: The economic consequences of defense buildups," Kiel Report 2, Kiel Institute for the World Economy (IfW Kiel).
    11. Mr. Tidiane Kinda & Andras Lengyel & Kaustubh Chahande, 2022. "Fiscal Multipliers During Pandemics," IMF Working Papers 2022/149, International Monetary Fund.
    12. Lukasz Wiktor Olejnik, 2023. "Economic growth and military expenditure in the countries on NATOʼs Eastern flank in 1999–2021," Bank of Estonia Working Papers wp2023-2, Bank of Estonia, revised 09 May 2023.
    13. Kolasa, Marcin & Laséen, Stefan & Lindé, Jesper, 2025. "Unconventional Monetary Policies in Small Open Economies," Working Paper Series 450, Sveriges Riksbank (Central Bank of Sweden).
    14. Siming Liu, 2018. "Government Spending during Sudden Stop Crises," CAEPR Working Papers 2018-002, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    15. Ferrara, Laurent & Metelli, Luca & Natoli, Filippo & Siena, Daniele, 2021. "Questioning the puzzle: Fiscal policy, real exchange rate and inflation," Journal of International Economics, Elsevier, vol. 133(C).
    16. Naser Yenus Nuru & Hayelom Yrgaw Gereziher, 2021. "The impacts of public expenditure innovations on real exchange rate volatility in South Africa," WIDER Working Paper Series wp-2021-72, World Institute for Development Economic Research (UNU-WIDER).
    17. Ramona Tiganasu & Gabriela Carmen Pascariu & Dan Lupu, 2022. "Competitiveness, fiscal policy and corruption: evidence from Central and Eastern European countries," Oeconomia Copernicana, Institute of Economic Research, vol. 13(3), pages 667-698, September.
    18. Duque Gabriel, Ricardo & Klein, Mathias & Pesso, Ana Sofia, 2020. "The Effects of Government Spending in the Eurozone," Working Paper Series 400, Sveriges Riksbank (Central Bank of Sweden).
    19. Mario Di Serio & Matteo Fragetta & Emanuel Gasteiger & Giovanni Melina, 2024. "The Euro Area Government Spending Multiplier in Demand‐ and Supply‐Driven Recessions," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 86(6), pages 1342-1372, December.
    20. Wataru Hirata & Toshitaka Maruyama & Tomohide Mineyama, 2020. "Flattening of the Wage Phillips Curve and Downward Nominal Wage Rigidity: The Japanese Experience in the 2010s," Bank of Japan Working Paper Series 20-E-4, Bank of Japan.
    21. Haug, Alfred A. & Sznajderska, Anna, 2024. "Government spending multipliers: Is there a difference between government consumption and investment purchases?," Journal of Macroeconomics, Elsevier, vol. 79(C).
    22. Matthias Burgert & Philipp Pfeiffer & Werner Roeger, 2021. "Fiscal policy in a monetary union with downward nominal wage rigidity," Working Papers 2021-16, Swiss National Bank.
    23. García, Carlos J. & González, Wildo & Valenzuela, Gabriel, 2025. "The valuation of economic recovery: The case for investment-led fiscal spending policies in open economies," International Review of Economics & Finance, Elsevier, vol. 99(C).
    24. Gancho Ganchev & Ivan Todorov, 2021. "Taxation, government spending and economic growth: The case of Bulgaria," Journal of Tax Reform, Graduate School of Economics and Management, Ural Federal University, vol. 7(3), pages 255-266.
    25. Olejnik, Łukasz Wiktor, 2023. "Short-run multiplier effects of military expenditures in NATO's Eastern Flank countries in 1999–2021," Journal of Comparative Economics, Elsevier, vol. 51(4), pages 1344-1355.

  6. Born, Benjamin & Müller, Gernot & Pfeifer, Johannes, 2020. "Uncertainty shocks in currency unions," CEPR Discussion Papers 15579, C.E.P.R. Discussion Papers.

    Cited by:

    1. Kandoussi, Malak & Langot, François, 2020. "Uncertainty Shocks and Unemployment Dynamics," IZA Discussion Papers 13438, Institute of Labor Economics (IZA).
    2. Ambrocio, Gene, 2020. "Inflationary household uncertainty shocks," Bank of Finland Research Discussion Papers 5/2020, Bank of Finland.

  7. Christian Bayer & Benjamin Born & Ralph Luetticke, 2020. "Shocks, Frictions, and Inequality in US Business Cycles," CESifo Working Paper Series 8085, CESifo.

    Cited by:

    1. Acharya, Sushant & CHALLE, Edouard & Dogra, Keshav, 2020. "Optimal Monetary Policy According to HANK," CEPR Discussion Papers 14429, C.E.P.R. Discussion Papers.
    2. Christian Bayer & Alexander Kriwoluzky & Gernot J. Müller & Fabian Seyrich, 2023. "A HANK² Model of Monetary Unions," CRC TR 224 Discussion Paper Series crctr224_2023_449, University of Bonn and University of Mannheim, Germany.
    3. Spiros Bougheas & Pasquale Commendatore & Laura Gardini & Ingrid Kubin, 2022. "Financial development cycles and income inequality in a model with good and bad projects," Discussion Papers 2022/05, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    4. Born, Benjamin & Bayer, Christian & Luetticke, Ralph, 2020. "The Liquidity Channel of Fiscal Policy," CEPR Discussion Papers 14883, C.E.P.R. Discussion Papers.
    5. Darougheh, Saman & Faccini, Renato & Melosi, Leonardo & Villa, Alessandro T., 2024. "On-the-Job Search and Inflation under the Microscope," The Warwick Economics Research Paper Series (TWERPS) 1536, University of Warwick, Department of Economics.
    6. Laura Liu & Mikkel Plagborg-M?ller, 2021. "Full-Information Estimation of Heterogeneous Agent Models Using Macro and Micro Data," CAEPR Working Papers 2021-001 Classification- , Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    7. Christian Bayer & Benjamin Born & Ralph Luetticke & Gernot J Müller, 2023. "The Coronavirus Stimulus Package: How Large is the Transfer Multiplier," The Economic Journal, Royal Economic Society, vol. 133(652), pages 1318-1347.
    8. Mahdi Ebsim & Miguel Faria-e-Castro & Julian Kozlowski, 2025. "When Liquidity Matters: Firm Balance Sheets during Large Crises," Working Papers 2025-019, Federal Reserve Bank of St. Louis, revised 14 Aug 2025.
    9. Fabio Milani, 2025. "Inflation, Monetary Policy, and Capital-Labor Inequality," CESifo Working Paper Series 12065, CESifo.
    10. Adrien Auclert & Ludwig Straub & Matthew Rognlie, 2019. "Micro Jumps, Macro Humps: monetary policy and business cycles in an estimated HANK model," 2019 Meeting Papers 1449, Society for Economic Dynamics.
    11. Papp, Tamás K. & Reiter, Michael, 2020. "Estimating linearized heterogeneous agent models using panel data," Journal of Economic Dynamics and Control, Elsevier, vol. 115(C).
    12. Schnorpfeil, Philip & Weber, Michael & Hackethal, Andreas, 2024. "Households' Response to the Wealth Effects of Inflation," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302382, Verein für Socialpolitik / German Economic Association.
    13. Christian Bayer & Ralph Luetticke & Maximilian Weiss & Yannik Winkelmann, 2024. "An Endogenous Gridpoint Method for Distributional Dynamics," CRC TR 224 Discussion Paper Series crctr224_2024_548, University of Bonn and University of Mannheim, Germany.
    14. Adrien Auclert & Bence Bardóczy & Matthew Rognlie & Ludwig Straub, 2019. "Using the Sequence-Space Jacobian to Solve and Estimate Heterogeneous-Agent Models," NBER Working Papers 26123, National Bureau of Economic Research, Inc.
    15. Marco Del Negro & Ibrahima Diagne & Keshav Dogra & Pranay Gundam & Donggyu Lee & Brian Pacula, 2025. "Tradeoffs for the Poor, Divine Coincidence for the Rich," Staff Reports 1147, Federal Reserve Bank of New York.
    16. Dobrew, Michael & Gerke, Rafael & Giesen, Sebastian & Röttger, Joost, 2023. "Make-Up Strategies with Incomplete Markets and Bounded Rationality," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277697, Verein für Socialpolitik / German Economic Association.
    17. Charalampidis, Nikolaos, 2022. "Top income shares, inequality, and business cycles: United States, 1957–2016," European Economic Review, Elsevier, vol. 150(C).
    18. Cristiano Cantore & Lukas Freund, 2020. "Workers, capitalists, and the government: fiscal policy and income (re)distribution," Bank of England working papers 858, Bank of England.
    19. Böhl, Gregor & Strobel, Felix, 2020. "US business cycle dynamics at the zero lower bound," Discussion Papers 65/2020, Deutsche Bundesbank.
    20. Gatt, William, 2024. "Wealth inequality and the distributional effects of maximum loan-to-value ratio policy," Journal of Economic Dynamics and Control, Elsevier, vol. 164(C).
    21. Alice Albonico & Guido Ascari & Qazi Haque, 2024. "The (Ir)Relevance of Rule‐of‐Thumb Consumers for U.S. Business Cycle Fluctuations," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(4), pages 769-804, June.
    22. Adrien Auclert & Ludwig Straub & Matthew Rognlie, 2018. "The Intertemporal Keynesian Cross," 2018 Meeting Papers 999, Society for Economic Dynamics.
    23. Aursland, Thor Andreas & Steen, Frode, 2021. "Unemployment shocks, cyclical prices and shopping behavior," Discussion Paper Series in Economics 3/2021, Norwegian School of Economics, Department of Economics.
    24. Juan Carlos Parra‐Alvarez & Olaf Posch & Mu‐Chun Wang, 2023. "Estimation of Heterogeneous Agent Models: A Likelihood Approach," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(2), pages 304-330, April.
    25. Donggyu Lee, 2024. "Unconventional Monetary Policies and Inequality," Staff Reports 1108, Federal Reserve Bank of New York.
    26. Böhl, Gregor, 2022. "Ensemble MCMC sampling for robust Bayesian inference," IMFS Working Paper Series 177, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    27. Christian Bayer & Luis Calderon & Moritz Kuhn, 2025. "Distributional Dynamics," CRC TR 224 Discussion Paper Series crctr224_2025_625, University of Bonn and University of Mannheim, Germany.
    28. Böhl, Gregor, 2021. "Efficient solution and computation of models with occasionally binding constraints," IMFS Working Paper Series 148, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    29. Vasileios Karaferis, 2025. "Inequality, Labour Market Dynamics and the Policy Mix: Insights from a FLANK," Edinburgh School of Economics Discussion Paper Series 319, Edinburgh School of Economics, University of Edinburgh.
    30. Kase, Hanno & Melosi, Leonardo & Rottner, Matthias, 2022. "Estimating Nonlinear Heterogeneous Agents Models with Neural Networks," CEPR Discussion Papers 17391, C.E.P.R. Discussion Papers.
    31. François Courtoy, 2022. "When Household Heterogeneity Matters Optimal Fiscal Policy in a Medium-Scale TANK Model," LIDAM Discussion Papers IRES 2022009, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    32. Daeha Cho, 2023. "Unemployment risk, MPC heterogeneity, and business cycles," Quantitative Economics, Econometric Society, vol. 14(2), pages 717-751, May.
    33. Zheng Gong, 2025. "When Does Household Heterogeneity Matter for Aggregate Fluctuations?," CRC TR 224 Discussion Paper Series crctr224_2025_624, University of Bonn and University of Mannheim, Germany.
    34. Bartal, Mehdi & Becard, Yvan, 2024. "Consumption tax cuts vs stimulus payments," Journal of Public Economics, Elsevier, vol. 239(C).
    35. Pavel Brendler & Moritz Kuhn & Ulrike I. Steins, 2024. "To Have or Not to Have: Understanding Wealth Inequality," Opportunity and Inclusive Growth Institute Working Papers 098, Federal Reserve Bank of Minneapolis.
    36. Bilbiie, F. O. & Galaasen, S. M. & Gurkaynak, R. S. & Maehlum, M. & Molnar, K, 2025. "Hanksson," Cambridge Working Papers in Economics 2516, Faculty of Economics, University of Cambridge.

  8. Benjamin Born & Jonas Dovern & Zeno Enders, 2020. "Expectation Dispersion, Uncertainty, and the Reaction to News," CESifo Working Paper Series 8801, CESifo.

    Cited by:

    1. Benjamin Born & Zeno Enders & Manuel Menkhoff & Gernot J. Müller & Knut Niemann, 2023. "Firm Expectations and News: Micro v Macro," ifo Working Paper Series 400, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    2. Maximilian Boeck & Michael Pfarrhofer, 2025. "Belief Shocks and Implications of Expectations About Growth‐at‐Risk," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 40(3), pages 341-348, April.
    3. Philipp Wegmueller & Christian Glocker, 2024. "Capturing Swiss economic confidence," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 160(1), pages 1-17, December.
    4. Yang, Ya & Zhou, Mengru & Hou, Yawei & Tang, Run & Liu, Bo & Deng, Yue, 2023. "Examining the impacts of implicit economic policy on urban environmental pollution: Unveiling pathways for sustainable recovery," Resources Policy, Elsevier, vol. 85(PA).
    5. Qiu, Yajie & Deschamps, Bruno & Liu, Xiaoquan, 2024. "Uncertainty and macroeconomic forecasts: Evidence from survey data," Journal of Economic Behavior & Organization, Elsevier, vol. 224(C), pages 463-480.
    6. Ambrocio, Gene & Hasan, Iftekhar, 2022. "Belief polarization and Covid-19," Bank of Finland Research Discussion Papers 10/2022, Bank of Finland.
    7. Perico Ortiz, Daniel, 2023. "Inflation news coverage, expectations and risk premium," FAU Discussion Papers in Economics 05/2023, Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics.

  9. Born, Benjamin & Dietrich, Alexander & Müller, Gernot, 2020. "The lockdown effect: A counterfactual for Sweden," CEPR Discussion Papers 14744, C.E.P.R. Discussion Papers.

    Cited by:

    1. Hinterlang, Natascha & Moyen, Stephane & Röhe, Oke & Stähler, Nikolai, 2023. "Gauging the effects of the German COVID-19 fiscal stimulus package," European Economic Review, Elsevier, vol. 154(C).
    2. Bartscher, Alina Kristin & Seitz, Sebastian & Slotwinski, Michaela & Wehrhöfer, Nils & Siegloch, Sebastian, 2020. "Social capital and the spread of Covid-19: Insights from European countries," ZEW Discussion Papers 20-023, ZEW - Leibniz Centre for European Economic Research.
    3. Dovern, Jonas & Frank, Johannes & Glas, Alexander & Müller, Lena Sophia & Perico Ortiz, Daniel, 2023. "Estimating pass-through rates for the 2022 tax reduction on fuel prices in Germany," Energy Economics, Elsevier, vol. 126(C).
    4. Vincenzo Alfano & Salvatore Ercolano & Lorenzo Cicatiello, 2020. "A Synthetic Control Method Analysis of Schools Opening and Covid-19 Outbreak in Italy," CESifo Working Paper Series 8784, CESifo.
    5. Klyver, Kim & Nielsen, Suna Løwe, 2021. "Which crisis strategies are (expectedly) effective among SMEs during COVID-19?," Journal of Business Venturing Insights, Elsevier, vol. 16(C).
    6. Kristina Gligorić & Arnaud Chiolero & Emre Kıcıman & Ryen W. White & Robert West, 2022. "Population-scale dietary interests during the COVID-19 pandemic," Nature Communications, Nature, vol. 13(1), pages 1-14, December.
    7. Mike Tsionas & Mikael A. Martins & Almas Heshmati, 2023. "Effects of the vaccination and public support on covid-19 cases and number of deaths in Sweden," Operational Research, Springer, vol. 23(3), pages 1-28, September.
    8. Kim, Dongwoo & Lee, Young Jun, 2022. "Vaccination strategies and transmission of COVID-19: Evidence across advanced countries," Journal of Health Economics, Elsevier, vol. 82(C).
    9. Roy Cerqueti & Raffaella Coppier & Alessandro Girardi & Marco Ventura, 2022. "The sooner the better: lives saved by the lockdown during the COVID-19 outbreak. The case of Italy," The Econometrics Journal, Royal Economic Society, vol. 25(1), pages 46-70.
    10. Chiara Latour & Franco Peracchi & Giancarlo Spagnolo, 2021. "Assessing Alternative Indicators for Covid-19 Policy Evaluation, with a Counterfactual for Sweden," EIEF Working Papers Series 2107, Einaudi Institute for Economics and Finance (EIEF), revised Apr 2021.
    11. Bibek Adhikari, 2022. "A Guide to Using the Synthetic Control Method to Quantify the Effects of Shocks, Policies, and Shocking Policies," The American Economist, Sage Publications, vol. 67(1), pages 46-63, March.
    12. Bardey, David & Fernandez, Manuel & Gravel, Alexis, 2021. "Coronavirus and Social Distancing: Do Non-Pharmaceutical-Interventions Work (at least) in the Short Run?," TSE Working Papers 21-1189, Toulouse School of Economics (TSE).
    13. Michael König & Adalbert Winkler, 2021. "COVID-19: Lockdowns, Fatality Rates and GDP Growth," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 56(1), pages 32-39, January.
    14. Harvey, A. C., 2021. "Time series modeling of epidemics: leading indicators, control groups and policy assessment," Cambridge Working Papers in Economics 2114, Faculty of Economics, University of Cambridge.
    15. Hensvik, Lena & Le Barbanchon, Thomas & Rathelot, Roland, 2020. "Job Search during the COVID-19 Crisis," IZA Discussion Papers 13237, Institute of Labor Economics (IZA).
    16. Michael König & Adalbert Winkler, 2020. "COVID-19 and Economic Growth: Does Good Government Performance Pay Off?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(4), pages 224-231, July.
    17. Oum, Tae Hoon & Wang, Kun, 2020. "Socially optimal lockdown and travel restrictions for fighting communicable virus including COVID-19," Transport Policy, Elsevier, vol. 96(C), pages 94-100.
    18. Gabriele Ciminelli & Sílvia Garcia‐Mandicó, 2022. "When and how do business shutdowns work? Evidence from Italy's first COVID‐19 wave," Health Economics, John Wiley & Sons, Ltd., vol. 31(9), pages 1823-1843, September.
    19. Panizza, Ugo & Caselli, Francesca & Faralli, Matilde & Manasse, Paolo, 2021. "On the Benefits of Repaying," CEPR Discussion Papers 16539, C.E.P.R. Discussion Papers.
    20. Josefine Hansson & Bodil J Landstad & Stig Vinberg & Marianne Hedlund & Åsa Tjulin, 2022. "Small business managers and Covid-19—The role of a sense of coherence and general resistance resources in coping with stressors," PLOS ONE, Public Library of Science, vol. 17(3), pages 1-16, March.
    21. Steffen Juranek & Jörg Paetzold & Hannes Winner & Floris Zoutman, 2021. "Labor market effects of COVID‐19 in Sweden and its neighbors: Evidence from administrative data," Kyklos, Wiley Blackwell, vol. 74(4), pages 512-526, November.
    22. Enerelt Murakami, 2022. "Immediate impacts of the COVID-19 pandemic on household economic activities and food security in Tajikistan," Economics of Disasters and Climate Change, Springer, vol. 6(2), pages 259-291, July.
    23. Kazufumi Tsuboi & Naoya Fujiwara & Ryo Itoh, 2022. "Influence of trip distance and population density on intra-city mobility patterns in Tokyo during COVID-19 pandemic," Papers 2201.01398, arXiv.org.
    24. Andrea Aspri & Elena Beretta & Alberto Gandolfi & Etienne Wasmer, 2021. "Mortality containment vs. Economics Opening: Optimal policies in a SEIARD model," Post-Print hal-03950294, HAL.
    25. Heinrich Zozmann & Lennart Schüler & Xiaoming Fu & Erik Gawel, 2024. "Autonomous and policy-induced behavior change during the COVID-19 pandemic: Towards understanding and modeling the interplay of behavioral adaptation," PLOS ONE, Public Library of Science, vol. 19(5), pages 1-30, May.
    26. Malo, Miguel, 2020. "Una reflexión sobre las primeras respuestas de política al impacto del Covid-19 sobre el empleo [A reflection on the first mitigating policies of the impact of Covid-19 on employment]," MPRA Paper 104390, University Library of Munich, Germany.
    27. Chen, Hongyi & Tillmann, Peter, 2023. "Lockdown spillovers," Journal of International Money and Finance, Elsevier, vol. 137(C).
    28. Darcy W. E. Allen & Chris Berg & Sinclair Davidson & Jason Potts, 2022. "On Coase and COVID-19," European Journal of Law and Economics, Springer, vol. 54(1), pages 107-125, August.
    29. Apel, Johannes & Rohde, Niklas & Marcus, Jan, 2023. "The effect of a nighttime curfew on the spread of COVID-19," Health Policy, Elsevier, vol. 129(C).
    30. Paweł Niewiadomski & Marta Ortega-Ortega & Błażej Łyszczarz, 2025. "Productivity Losses due to Health Problems Arising from COVID-19 Pandemic: A Systematic Review of Population-Level Studies Worldwide," Applied Health Economics and Health Policy, Springer, vol. 23(2), pages 231-251, March.
    31. Schippers, M.C., 2020. "For the Greater Good? The Devastating Ripple Effects of the Lockdown Measures," ERIM Report Series Research in Management ERS-2020-004-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    32. Obst, Thomas & Schläger, Dan, 2021. "Cost-benefit considerations of lockdowns: What are we missing?," IW-Kurzberichte 33/2021e, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
    33. Jaqueline Hansen & Antonia Reinecke & Hans-Jörg Schmerer, 2021. "Health Expenditures and the Effectiveness of Covid-19 Prevention in International Comparison," CESifo Working Paper Series 9069, CESifo.
    34. Eiji Yamamura & Youki Koska & Yoshiro Tsutsui & Fumio Ohtake, 2022. "Effect of the COVID-19 vaccine on preventive behaviors: Evidence from Japan," Papers 2203.07660, arXiv.org.
    35. Gaggero, Alessio & Mesa-Pedrazas, Ángela & Fernández-Pérez, Ángel, 2024. "Shutting down to save lives: A regression discontinuity analysis of non-essential business closure," Socio-Economic Planning Sciences, Elsevier, vol. 94(C).
    36. Alfano, Vincenzo & Ercolano, Salvatore & Cicatiello, Lorenzo, 2021. "School openings and the COVID-19 outbreak in Italy. A provincial-level analysis using the synthetic control method," Health Policy, Elsevier, vol. 125(9), pages 1200-1207.
    37. Emily Ying Yang Chan & Jean H. Kim & Kin-on Kwok & Zhe Huang & Kevin Kei Ching Hung & Eliza Lai Yi Wong & Eric Kam Pui Lee & Samuel Yeung Shan Wong, 2021. "Population Adherence to Infection Control Behaviors during Hong Kong’s First and Third COVID-19 Waves: A Serial Cross-Sectional Study," IJERPH, MDPI, vol. 18(21), pages 1-17, October.
    38. Karolina Drela & Agnieszka Malkowska & Anna Bera & Anna Tokarz-Kocik, 2021. "Instruments for Managing the EU Labour Market in the Face of the COVID-19 Crisis," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 984-998.

  10. Christian Bayer & Benjamin Born & Ralph Luetticke, 2020. "The Liquidity Channel of Fiscal Policy," CESifo Working Paper Series 8374, CESifo.

    Cited by:

    1. Cardani, Roberta & Pfeiffer, Philipp & Ratto, Marco & Vogel, Lukas, 2023. "The COVID-19 recession on both sides of the Atlantic: A model-based comparison," European Economic Review, Elsevier, vol. 158(C).
    2. Rodolfo G. Campos & Jesus Fernandez-Villaverde & Galo Nuno & Peter Paz, 2024. "Navigating by Falling Stars:Monetary Policy with Fiscally Driven Natural Rates," PIER Working Paper Archive 24-007, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    3. Mankart, Jochen & Priftis, Romanos & Oikonomou, Rigas, 2024. "The long and short of financing government spending," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302414, Verein für Socialpolitik / German Economic Association.
    4. Larsen, Rasmus Bisgaard & Ravn, Søren Hove & Santoro, Emiliano, 2025. "House prices, endogenous productivity, and the effects of government spending shocks," European Economic Review, Elsevier, vol. 172(C).
    5. Stéphane Auray & Aurélien Eyquem, 2022. "Optimal Unemployment Insurance in a THANK Model," Working Papers hal-03652789, HAL.
    6. Elmar Dönnebrink & Nils Grevenbrock, 2022. "Sustainability gap of public debt: importance of interest rates and a new decomposition with premia," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 49(4), pages 1009-1030, November.
    7. Christian Bayer & Benjamin Born & Ralph Luetticke & Gernot J Müller, 2023. "The Coronavirus Stimulus Package: How Large is the Transfer Multiplier," The Economic Journal, Royal Economic Society, vol. 133(652), pages 1318-1347.
    8. Aurélien Eyquem, 2020. "The Macroeconomic Effects of Lockdown policies," Post-Print halshs-02910895, HAL.
    9. Matthieu Darracq Paries & Georg Muller & Niki Papadopoulou, 2022. "Fiscal Multipliers with Sovereign Risk and Fragile Banks," Working Papers 2022-5, Central Bank of Cyprus.
    10. Bredemeier, Christian & Juessen, Falko & Schabert, Andreas, 2022. "Why are fiscal multipliers moderate even under monetary accommodation?," European Economic Review, Elsevier, vol. 141(C).
    11. Bozou Ninou, Caroline & Creel, Jérôme, 2025. "Fiscal policy in a monetary union: comparing different features of Next Generation EU," Macroeconomic Dynamics, Cambridge University Press, vol. 29, pages 1-1, January.
    12. Max Ole Liemen & Olaf Posch, 2022. "FTPL and the Maturity Structure of Government Debt in the New Keynesian Model," CESifo Working Paper Series 9840, CESifo.
    13. Macaulay, Alistair, 2021. "The attention trap: Rational inattention, inequality, and fiscal policy," European Economic Review, Elsevier, vol. 135(C).
    14. Anna Belianska & Aurélien Eyquem & Céline Poilly, 2021. "The Transmission Channels of Government Spending Uncertainty," Working Papers halshs-03160370, HAL.
    15. Andras Lengyel, 2022. "Treasury Supply Shocks and the Term Structure of Interest Rates in the UK," MNB Working Papers 2022/6, Magyar Nemzeti Bank (Central Bank of Hungary).
    16. Darracq Pariès, Matthieu & Müller, Georg & Papadopoulou, Niki, 2023. "Fiscal multipliers within the euro area in the context of sovereign risk and bank fragility," Economic Modelling, Elsevier, vol. 126(C).
    17. Christian Bredemeier & Falko Juessen & Andreas Schabert, 2021. "Why Are Fiscal Multipliers Moderate Even Under Monetary Accommodation?," ECONtribute Discussion Papers Series 074, University of Bonn and University of Cologne, Germany.
    18. Kolasa, Marcin & Laséen, Stefan & Lindé, Jesper, 2025. "Unconventional Monetary Policies in Small Open Economies," Working Paper Series 450, Sveriges Riksbank (Central Bank of Sweden).
    19. Guillermo Santos, 2022. "Optimal fiscal and monetary policy with preference over safe assets," LIDAM Discussion Papers IRES 2022021, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    20. Yu-Ting Chiang & Piotr Żoch, 2022. "Financial Intermediation and Aggregate Demand: A Sufficient Statistics Approach," Working Papers 2022-038, Federal Reserve Bank of St. Louis, revised 26 Jul 2023.
    21. Grancini, Stefano, 2025. "Public debt, iMPCs & fiscal policy transmission," Working Paper Series 3106, European Central Bank.
    22. Aurélien Eyquem & Céline Poilly & Anna Belianska, 2023. "On Portfolio Frictions, Asset Returns and Volatility ," Post-Print hal-04525007, HAL.
    23. Cristiano Cantore & Edoardo Leonardi, 2025. "Monetary-Fiscal Interaction and the Liquidity of Government Debt," Papers 2501.17458, arXiv.org.
    24. Zheng Gong, 2025. "When Does Household Heterogeneity Matter for Aggregate Fluctuations?," CRC TR 224 Discussion Paper Series crctr224_2025_624, University of Bonn and University of Mannheim, Germany.
    25. Oliver Pfäuti & Fabian Seyrich, 2022. "A Behavioral Heterogeneous Agent New Keynesian Model," Discussion Papers of DIW Berlin 1995, DIW Berlin, German Institute for Economic Research.

  11. Benjamin Born & Gernot Müller & Johannes Pfeifer & Susanne Wellmann, 2020. "Different No More: Country Spreads in Advanced and Emerging Economies," CESifo Working Paper Series 8083, CESifo.

    Cited by:

    1. Silvia Marchesi & Tania Masi & Pietro Bomprezzi, 2021. "Is to Forgive to Forget? Sovereign Risk in the Aftermath of a Default," Development Working Papers 475, Centro Studi Luca d'Agliano, University of Milano.
    2. Demosthenes Ioannou & Maria Sole Pagliari & Livio Stracca, 2020. "The international dimension of a fragile EMU," Working papers 795, Banque de France.
    3. Silvia Marchesi & Tania Masi & Pietro Bomprezzi, 2024. "Is to Forgive to Forget? Sovereign Risk in the Aftermath of Private or Official Debt Restructurings," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(1), pages 292-334, March.
    4. Gabriel, Ricardo Duque & Klein, Mathias & Pessoa, Sofia, 2022. "The Political Costs of Austerity," Working Paper Series 418, Sveriges Riksbank (Central Bank of Sweden).
    5. Oliver Hülsewig & Horst Rottmann, 2020. "Euro Area Periphery Countries' Fiscal Policy and Monetary Policy Surprises," CESifo Working Paper Series 8041, CESifo.
    6. Li, Xiang, 2021. "Dilemma and global financial cycle: Evidence from capital account liberalisation episodes," IWH Discussion Papers 13/2021, Halle Institute for Economic Research (IWH).
    7. Hristov, Nikolay & Hülsewig, Oliver & Kolb, Benedikt, 2024. "Macroprudential capital regulation and fiscal balances in the euro area," Journal of International Money and Finance, Elsevier, vol. 143(C).
    8. Li, Xiang & Su, Dan, 2022. "Surges and instability: The maturity shortening channel," Journal of International Economics, Elsevier, vol. 139(C).
    9. Andrea Bacchiocchi & Alessandro Bellocchi & Gian Italo Bischi & Giuseppe Travaglini, 2024. "A non-linear model of public debt with bonds and money finance," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 41(2), pages 457-498, July.
    10. Ioannou, Demosthenes & Pagliari, Maria Sole & Stracca, Livio, 2024. "The international impact of a fragile EMU," European Economic Review, Elsevier, vol. 161(C).
    11. Hartwig, Benny & Meinerding, Christoph & Schüler, Yves S., 2021. "Identifying indicators of systemic risk," Journal of International Economics, Elsevier, vol. 132(C).
    12. Ioannou, Demosthenes & Stracca, Livio & Pagliari, Maria Sole, 2020. "The international dimension of an incomplete EMU," Working Paper Series 2459, European Central Bank.

  12. Müller, Gernot & Born, Benjamin & Schularick, Moritz & SedlÃ¡Ä ek, Petr, 2019. "The macroeconomic impact of Trump," CEPR Discussion Papers 13798, C.E.P.R. Discussion Papers.

    Cited by:

    1. Michal Brzezinski & Katarzyna Sałach‐Dróżdż, 2024. "The short‐term macroeconomic impact of populism: A case study of Poland," Economics and Politics, Wiley Blackwell, vol. 36(2), pages 832-867, July.
    2. Sergei Guriev, 2020. "Labor market performance and the rise of populism," SciencePo Working papers Main hal-03916233, HAL.
    3. Ana Venâncio & João Pereira dos Santos, 2021. "The effect of Brexit on British workers living in the EU," Working Papers REM 2021/0197, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    4. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2023. "Populist Leaders and the Economy," American Economic Review, American Economic Association, vol. 113(12), pages 3249-3288, December.
    5. Bibek Adhikari, 2022. "A Guide to Using the Synthetic Control Method to Quantify the Effects of Shocks, Policies, and Shocking Policies," The American Economist, Sage Publications, vol. 67(1), pages 46-63, March.
    6. Fetzer, Thiemo & Yotzov, Ivan, 2023. "(How) Do electoral surprises drive business cycles? Evidence from a new dataset," CAGE Online Working Paper Series 672, Competitive Advantage in the Global Economy (CAGE).
    7. Di Tommaso, Marco Rodolfo & Prodi, Elena & Di Matteo, Dante & Barbieri, Elisa, 2025. "Structural change and its discontents," Structural Change and Economic Dynamics, Elsevier, vol. 72(C), pages 438-455.
    8. Sergei Guriev & Elias Papaioannou, 2022. "The Political Economy of Populism," Post-Print hal-03874305, HAL.
    9. Gabriel, Ricardo Duque & Pessoa, Ana Sofia, 2020. "Adopting the Euro: a synthetic control approach," MPRA Paper 99391, University Library of Munich, Germany.
    10. Andreas Brunhart & Martin Geiger, 2025. "Sectoral effects of exchange rate shocks: goods exports and the appreciation of the Swiss Franc in 2015," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 161(1), pages 1-25, December.
    11. Wysocki, Maciej & Wojcik, Cezary & Freytag, Andreas, 2024. "Populists and fiscal policy: The case of Poland," European Journal of Political Economy, Elsevier, vol. 83(C).
    12. Pan, Wei-Fong, 2023. "The effect of populism on high-skilled migration: Evidence from inventors," European Journal of Political Economy, Elsevier, vol. 79(C).
    13. Ferrari, Alessandro & Rogantini Picco, Anna, 2023. "Risk sharing and the adoption of the Euro," Journal of International Economics, Elsevier, vol. 141(C).
    14. Jan Philipp Fritsche & Patrick Christian Harms, 2020. "Better off without the Euro? A Structural VAR Assessment of European Monetary Policy," Discussion Papers of DIW Berlin 1907, DIW Berlin, German Institute for Economic Research.

  13. Benjamin Born & Francesco D'Ascanio & Gernot Müller & Johannes Pfeifer, 2019. "The Worst of Both Worlds: Fiscal Policy and Fixed Exchange Rates," CESifo Working Paper Series 7922, CESifo.

    Cited by:

    1. Anne Kathrin Funk & Daniel Kaufmann, 2020. "Do Sticky Wages Matter? New Evidence from Matched Firm-Survey and Register Data," KOF Working papers 20-480, KOF Swiss Economic Institute, ETH Zurich.
    2. Laurent Ferrara & Luca Metelli & Filippo Natoli & Daniele Siena, 2020. "Questioning the puzzle: Fiscal policy, exchange rate and inflation," Working papers 752, Banque de France.
    3. Hyeongwoo Kim & Shuwei Zhang, 2022. "Policy Coordination and the Effectiveness of Fiscal Stimulus," Auburn Economics Working Paper Series auwp2022-01, Department of Economics, Auburn University.
    4. Mamondi Victor Daniel & Oviedo Jorge & De la Rosa Adolfo, 2023. "El-Déficit-Fiscal-Deteriora-el-Tipo-de-Cambio-Real.-Evidencias-por-medio-de-un-modelo-de-EGDE-para-Argentina," Asociación Argentina de Economía Política: Working Papers 4666, Asociación Argentina de Economía Política.
    5. HSING, Yu, 2021. "Are The Predictions Of The Mundell-Fleming Model Applicable To Argentina?," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 21(1), pages 37-48.
    6. Benatti, Nicola & Groiss, Martin & Kelly, Petra & Lopez-Garcia, Paloma, 2024. "Environmental regulation and productivity growth in the euro area: Testing the porter hypothesis," Journal of Environmental Economics and Management, Elsevier, vol. 126(C).
    7. Yoon J. Jo & Sarah Zubairy, 2021. "State dependent government spending multipliers: Downward nominal wage rigidity and sources of business cycle fluctuations," Working Papers 20210127-001, Texas A&M University, Department of Economics.
    8. Mr. Tidiane Kinda & Andras Lengyel & Kaustubh Chahande, 2022. "Fiscal Multipliers During Pandemics," IMF Working Papers 2022/149, International Monetary Fund.
    9. Lukasz Wiktor Olejnik, 2023. "Economic growth and military expenditure in the countries on NATOʼs Eastern flank in 1999–2021," Bank of Estonia Working Papers wp2023-2, Bank of Estonia, revised 09 May 2023.
    10. Siming Liu, 2018. "Government Spending during Sudden Stop Crises," CAEPR Working Papers 2018-002, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    11. Ferrara, Laurent & Metelli, Luca & Natoli, Filippo & Siena, Daniele, 2021. "Questioning the puzzle: Fiscal policy, real exchange rate and inflation," Journal of International Economics, Elsevier, vol. 133(C).
    12. Kohler, Wilhelm & Müller, Gernot J. & Wellmann, Susanne, 2021. "Risk sharing in currency unions: The migration channel," University of Tübingen Working Papers in Business and Economics 144, University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics.
    13. Naser Yenus Nuru & Hayelom Yrgaw Gereziher, 2021. "The impacts of public expenditure innovations on real exchange rate volatility in South Africa," WIDER Working Paper Series wp-2021-72, World Institute for Development Economic Research (UNU-WIDER).
    14. Ramona Tiganasu & Gabriela Carmen Pascariu & Dan Lupu, 2022. "Competitiveness, fiscal policy and corruption: evidence from Central and Eastern European countries," Oeconomia Copernicana, Institute of Economic Research, vol. 13(3), pages 667-698, September.
    15. Duque Gabriel, Ricardo & Klein, Mathias & Pesso, Ana Sofia, 2020. "The Effects of Government Spending in the Eurozone," Working Paper Series 400, Sveriges Riksbank (Central Bank of Sweden).
    16. Wataru Hirata & Toshitaka Maruyama & Tomohide Mineyama, 2020. "Flattening of the Wage Phillips Curve and Downward Nominal Wage Rigidity: The Japanese Experience in the 2010s," Bank of Japan Working Paper Series 20-E-4, Bank of Japan.
    17. Matthias Burgert & Philipp Pfeiffer & Werner Roeger, 2021. "Fiscal policy in a monetary union with downward nominal wage rigidity," Working Papers 2021-16, Swiss National Bank.
    18. Olejnik, Łukasz Wiktor, 2023. "Short-run multiplier effects of military expenditures in NATO's Eastern Flank countries in 1999–2021," Journal of Comparative Economics, Elsevier, vol. 51(4), pages 1344-1355.

  14. Benjamin Born & Johannes Pfeifer, 2017. "Uncertainty-driven Business Cycles: Assessing the Markup Channel," CESifo Working Paper Series 6303, CESifo.

    Cited by:

    1. Caggiano, Giovanni & Castelnuovo, Efrem & Pellegrino, Giovanni, 2017. "Estimating the real effects of uncertainty shocks at the zero lower bound," Bank of Finland Research Discussion Papers 6/2017, Bank of Finland.
    2. Ignacio Lozano-Espitia & Jesus Bejarano Fernando Arias-Rodr�guez & Clark Granger-Casta�o Andres Gonzalez & Yurany Hern�ndez-Turca Franz Hamann & Martha L�pez Juan Manuel Julio-Rom�n & Jorge Enrique Ra, 2019. "La política fiscal y la estabilización macroeconómica en Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, issue 90, pages 1-60.
    3. Mathias Krogh & Giovanni Pellegrino, "undated". "Real Activity and Uncertainty Shocks: The Long and the Short of It," "Marco Fanno" Working Papers 0310, Dipartimento di Scienze Economiche "Marco Fanno".
    4. Haque, Qazi & Magnusson, Leandro M., 2021. "Uncertainty shocks and inflation dynamics in the U.S," Economics Letters, Elsevier, vol. 202(C).
    5. Dlugoszek, Grzegorz, 2018. "Macroeconomic Effects of Financial Uncertainty," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181596, Verein für Socialpolitik / German Economic Association.
    6. Lukas Freund & Hanbaek Lee & Pontus Rendahl, 2022. "Online Appendix to "The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation"," Online Appendices 21-230, Review of Economic Dynamics.
    7. Angelo Marsiglia Fasolo, 2018. "Monetary Policy Volatility Shocks in Brazil," Working Papers Series 480, Central Bank of Brazil, Research Department.
    8. Meinen, Philipp & Röhe, Oke, 2018. "To sign or not to sign? On the response of prices to financial and uncertainty shocks," Discussion Papers 33/2018, Deutsche Bundesbank.
    9. Ambrocio, Gene, 2020. "Inflationary household uncertainty shocks," Bank of Finland Research Discussion Papers 5/2020, Bank of Finland.
    10. Beckmann, Joscha & Czudaj, Robert L., 2024. "Uncertainty Shocks and Inflation: The Role of Credibility and Expectation Anchoring," MPRA Paper 119971, University Library of Munich, Germany.
    11. Davide Brignone & Luca Gambetti & Martino Ricci, 2025. "Geopolitical risk shocks: when size matters," Bank of England working papers 1118, Bank of England.
    12. Céline Poilly & Fabien Tripier, 2023. "Regional Trade Policy Uncertainty," AMSE Working Papers 2321, Aix-Marseille School of Economics, France.
    13. Efrem Castelnuovo, 2022. "Uncertainty Before and During COVID-19: A Survey," "Marco Fanno" Working Papers 0279, Dipartimento di Scienze Economiche "Marco Fanno".
    14. Bachmann, Rildiger & Born, Benjamin & Elstner, Steffen & Grimme, Christian, 2019. "Time-varying business volatility and the price setting of firms," Munich Reprints in Economics 78278, University of Munich, Department of Economics.
    15. Miescu, Mirela S., 2023. "Uncertainty shocks in emerging economies: A global to local approach for identification," European Economic Review, Elsevier, vol. 154(C).
    16. Efrem Castelnuovo & Lorenzo Mori, 2022. "Uncertainty, Skewness and the Business Cycle - Through the MIDAS Lens," CAMA Working Papers 2022-69, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    17. Born, Benjamin & Müller, Gernot & Pfeifer, Johannes, 2020. "Uncertainty shocks in currency unions," CEPR Discussion Papers 15579, C.E.P.R. Discussion Papers.
    18. Martha Elena Delgado-Rojas & Hernán Rincón-Castro, 2017. "Incertidumbre acerca de la política fiscal y ciclo económico," Borradores de Economia 1008, Banco de la Republica de Colombia.
    19. Xu, Qinhua & Fu, Buben & Wang, Bin, 2022. "The effects of oil price uncertainty on China’s economy," Energy Economics, Elsevier, vol. 107(C).
    20. Andreasen, Martin M. & Caggiano, Giovanni & Castelnuovo, Efrem & Pellegrino, Giovanni, 2024. "Does risk matter more in recessions than in expansions? Implications for monetary policy," Journal of Monetary Economics, Elsevier, vol. 143(C).
    21. Karaki, Mohamad B. & Rangaraju, Sandeep Kumar, 2023. "The confidence channel of U.S. financial uncertainty: Evidence from industry-level data," Economic Modelling, Elsevier, vol. 129(C).
    22. Gründler, Daniel, 2024. "Does the inflation pass-through of gasoline price shocks depend on the level of inflation?," Economics Letters, Elsevier, vol. 243(C).
    23. Freund, L. B. & Lee, H. & Rendahl, P., 2022. "The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation," Cambridge Working Papers in Economics 2251, Faculty of Economics, University of Cambridge.
    24. Gökhan Ider & Alexander Kriwoluzky & Frederik Kurcz & Ben Schumann, 2024. "Friend, Not Foe - Energy Prices and European Monetary Policy," Discussion Papers of DIW Berlin 2089, DIW Berlin, German Institute for Economic Research.
    25. Meinen, Philipp & Roehe, Oke, 2017. "On measuring uncertainty and its impact on investment: Cross-country evidence from the euro area," European Economic Review, Elsevier, vol. 92(C), pages 161-179.
    26. Chatterjee, Pratiti, 2024. "Uncertainty shocks, financial frictions, and business cycle asymmetries across countries," European Economic Review, Elsevier, vol. 162(C).
    27. Kim, Wongi, 2019. "Government spending policy uncertainty and economic activity: US time series evidence," Journal of Macroeconomics, Elsevier, vol. 61(C), pages 1-1.
    28. Magnus Reif, 2020. "Macroeconomics, Nonlinearities, and the Business Cycle," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 87, April.
    29. Baxa, Jaromír & Šestořád, Tomáš, 2025. "Common and country-specific uncertainty shocks in europe: Why their nature matters for policy," Economic Modelling, Elsevier, vol. 150(C).
    30. Giulia Piccillo & Poramapa Poonpakdee, 2023. "Ambiguous Business Cycles, Recessions and Uncertainty: A Quantitative Analysis," CESifo Working Paper Series 10646, CESifo.
    31. Liao, Shian-Yu & Chen, Been-Lon, 2023. "News shocks to investment-specific technology in business cycles," European Economic Review, Elsevier, vol. 152(C).
    32. Pintér, Gábor, 2023. "Inflation and uncertainty in New Keynesian models: A note," Economics Letters, Elsevier, vol. 222(C).

  15. Benjamin Born & Gernot J. Müller & Moritz Schularick & Petr Sedlacek, 2017. "The Economic Consequences of the Brexit Vote," Discussion Papers 1738, Centre for Macroeconomics (CFM).

    Cited by:

    1. Breinlich, Holger & Leromain, Elsa & Novy, Dennis & Sampson, Thomas & Usman, Ahmed, 2018. "The economic effects of Brexit- evidence from the stock market," LSE Research Online Documents on Economics 91692, London School of Economics and Political Science, LSE Library.
    2. Kym Anderson & Glyn Wittwer, 2018. "Cumulative Effects of Brexit and Other UK and EU27 Bilateral FTAs on the World's Wine Markets," Wine Economics Research Centre Working Papers 2018-01, University of Adelaide, Wine Economics Research Centre.
    3. Hobijn, Bart & Nechio, Fernanda & Shapiro, Adam Hale, 2021. "Using Brexit to identify the nature of price rigidities," Journal of International Economics, Elsevier, vol. 130(C).
    4. Ilhamah Qiamy & Fahim Nawaz & Syed Umair Jalal, 2018. "The United Kingdom and Brexit: Implications, Consequences and Opportunities," Global Economics Review, Humanity Only, vol. 3(2), pages 1-11, December.
    5. Anderson, Kym & Wittwer, Glyn, 2018. "Cumulative Effects of Brexit and Other UK and EU27 Bilateral FTAs on the World’s Wine Markets," CEPR Discussion Papers 12621, C.E.P.R. Discussion Papers.
    6. Catherine Georgiou, 2020. "The British Stock Market under the Structure of Market Capitalization Value: New Evidence on its Predictive Content," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 13(3), pages 56-69, December.
    7. Douch, Mustaph & Huw Edwards, T., 2021. "The Brexit policy shock: Were UK services exports affected, and when?," Journal of Economic Behavior & Organization, Elsevier, vol. 182(C), pages 248-263.
    8. Maricel Linares Giraldo & William Rodrigo Avenda�o Castro & Johanna Milena Mogrovejo Andrade, 2020. "Implicaciones geopolíticas y económicas del Brexit en la Unión Europea," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 36(70), pages 14-41.
    9. Paul J.J. Welfens & Tian Xiong, 2018. "BREXIT Perspectives: Financial Market Dynamics, Welfare Aspects and Problems from Slower Growth," EIIW Discussion paper disbei249, Universitätsbibliothek Wuppertal, University Library.
    10. Hamdi Jbir, 2025. "Does financial stability communication affect financial asset prices? Evidence from the Bank of England's communication experiment," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1831-1855, April.
    11. Deyan Radev & Georgi Penev, 2022. "Brexit and the Fintech Revolution in Europe - Lessons from the Bulgarian Digital Finance Cluster," Bulgarian Economic Papers bep-2022-07, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Aug 2022.
    12. Barry Eichengreen & William Jungerman & Mingyang Liu, 2020. "Brexit, the City of London, and the prospects for portfolio investment," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(1), pages 1-16, February.
    13. Paul J. J. Welfens & Tian Xiong, 2019. "Correction to: BREXIT perspectives: financial market dynamics, welfare aspects and problems from slower growth," International Economics and Economic Policy, Springer, vol. 16(1), pages 267-267, March.
    14. Tihana Škrinjarić, 2019. "Stock Market Reactions to Brexit: Case of Selected CEE and SEE Stock Markets," IJFS, MDPI, vol. 7(1), pages 1-14, January.
    15. Martin Braml & Gabriel Felbermayr, 2019. "Quo vadis, Brexitannia?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(02), pages 32-39, January.
    16. Kevin Ralston & Dawn Everington & Zhiqiang Feng & Chris Dibben, 2022. "Economic Inactivity, Not in Employment, Education or Training (NEET) and Scarring: The Importance of NEET as a Marker of Long-Term Disadvantage," Work, Employment & Society, British Sociological Association, vol. 36(1), pages 59-79, February.

  16. Benjamin Born & Gernot Müller & Moritz Schularick & Petr Sedláček, 2017. "The Costs of Economic Nationalism: Evidence from the Brexit Experiment," CESifo Working Paper Series 6780, CESifo.

    Cited by:

    1. Ruthardt, Fabian & Potrafke, Niklas & Wüthrich, Kaspar, 2021. "Protectionism and economic growth: Causal evidence from the first era of globalization," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242425, Verein für Socialpolitik / German Economic Association.
    2. Sampson, Thomas & Breinlich, Holger & Leromain, Elsa & Novy, Dennis, 2019. "Voting with their money: Brexit and outward investment by UK firms," LSE Research Online Documents on Economics 103396, London School of Economics and Political Science, LSE Library.
    3. Swati Dhingra & Rebecca Freeman & Hanwei Huang, 2021. "The impact of non-tariff barriers on trade and welfare," CEP Discussion Papers dp1742, Centre for Economic Performance, LSE.
    4. Michal Brzezinski & Katarzyna Sałach‐Dróżdż, 2024. "The short‐term macroeconomic impact of populism: A case study of Poland," Economics and Politics, Wiley Blackwell, vol. 36(2), pages 832-867, July.
    5. Peydró, José-Luis & Rodriguez-Tous, Francesc & Tripathy, Jagdish & Uluc, Arzu, 2020. "Macroprudential Policy, Mortgage Cycles and Distributional Effects: Evidence from the UK," EconStor Preprints 223303, ZBW - Leibniz Information Centre for Economics.
    6. Michal Kobielarz, 2023. "A Theory of International Unions with Exits," Working Papers of Department of Economics, Leuven 746860, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    7. Corsetti, Giancarlo & Bergin, Paul R, 2020. "The Macroeconomic Stabilization of Tariff Shocks: What is the Optimal Monetary Response?," CEPR Discussion Papers 14556, C.E.P.R. Discussion Papers.
    8. Breinlich, Holger & Leromain, Elsa & Novy, Dennis & Sampson, Thomas, 2019. "Exchange Rates and Consumer Prices: Evidence from Brexit," CAGE Online Working Paper Series 447, Competitive Advantage in the Global Economy (CAGE).
    9. Ademmer, Martin & Boysen-Hogrefe, Jens & Fiedler, Salomon & Groll, Dominik & Jannsen, Nils & Kooths, Stefan & Potjagailo, Galina, 2019. "Deutsche Konjunktur im Frühjahr 2019 - Deutsche Konjunktur kühlt ab [German Economy Spring 2019 - German economy cools down]," Kieler Konjunkturberichte 53, Kiel Institute for the World Economy (IfW Kiel).
    10. Dovern, Jonas & Frank, Johannes & Glas, Alexander & Müller, Lena Sophia & Perico Ortiz, Daniel, 2023. "Estimating pass-through rates for the 2022 tax reduction on fuel prices in Germany," Energy Economics, Elsevier, vol. 126(C).
    11. Geiger, Martin & Güntner, Jochen, 2024. "The chronology of Brexit and UK monetary policy," Journal of Monetary Economics, Elsevier, vol. 142(C).
    12. Breinlich, Holger & Leromain, Elsa & Novy, Dennis & Sampson, Thomas & Usman, Ahmed, 2018. "The economic effects of Brexit- evidence from the stock market," LSE Research Online Documents on Economics 91692, London School of Economics and Political Science, LSE Library.
    13. Laurent Ferrara & Joseph Yapi, 2020. "Measuring Exchange Rate Risks During Periods of Uncertainty," CAMA Working Papers 2020-60, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    14. Julian Hinz & Elsa Leromain, 2020. "Critically Important: The Heterogeneous Effect of Diplomatic Tensions on Trade," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 57(2), pages 309-331, September.
    15. Michael Funke & Kadri Männasoo & Helery Tasane, 2023. "Regional Economic Impacts of the Øresund Cross-Border Fixed Link: Cui Bono?," CESifo Working Paper Series 10557, CESifo.
    16. Björn Imbierowicz & Arne Nagengast & Esteban Prieto & Ursula Vogel & Arne J. Nagengast, 2025. "Bank Lending and Firm Internal Capital Markets Following a Deglobalization Shock," CESifo Working Paper Series 11775, CESifo.
    17. Cruz A. Echevarría & Serhat Hasancebi & Javier García-Enríquez, 2022. "Economic Effects of Macao’s Integration with Mainland China: A Causal Inference Study," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 37(2), pages 179-215.
    18. Ana Venâncio & João Pereira dos Santos, 2021. "The effect of Brexit on British workers living in the EU," Working Papers REM 2021/0197, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    19. Thomas Barnebeck Andersen, 2023. "The Cost of a Currency Peg during the Great Recession," Open Economies Review, Springer, vol. 34(2), pages 255-279, April.
    20. Campos, Nauro F., 2019. "B for Brexit: A Survey of the Economics Academic Literature," IZA Discussion Papers 12134, Institute of Labor Economics (IZA).
    21. Azqueta-Gavaldon, Andres, 2023. "Political referenda and investment: Evidence from Scotland," European Journal of Political Economy, Elsevier, vol. 80(C).
    22. Matej Opatrny, 2021. "The impact of the Brexit vote on UK financial markets: a synthetic control method approach," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 48(2), pages 559-587, May.
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    30. Panitz Robert & Glückler Johannes, 2023. "Post-Brexit: Do board interlocks make banks take similar relocation decisions?," ZFW – Advances in Economic Geography, De Gruyter, vol. 67(2-3), pages 127-141, August.
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    34. Mengkai Chen & Ting Chen & Debao Ruan & Xiaowei Wang, 2023. "Land Finance, Real Estate Market, and Local Government Debt Risk: Evidence from China," Land, MDPI, vol. 12(8), pages 1-18, August.
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    39. Gern, Klaus-Jürgen & Hauber, Philipp & Kooths, Stefan & Mösle, Saskia & Stolzenburg, Ulrich, 2018. "Weltkonjunktur im Winter 2018 - Weltkonjunktur mit weniger Schwung [World Economy Winter 2018 - Slower growth in the world economy]," Kieler Konjunkturberichte 49, Kiel Institute for the World Economy (IfW Kiel).
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    43. Anand, Kartik & Gai, Prasanna & König, Philipp Johann, 2020. "Leaping into the dark: A theory of policy gambles," Discussion Papers 07/2020, Deutsche Bundesbank.
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    52. Andreas Brunhart & Martin Geiger, 2025. "Sectoral effects of exchange rate shocks: goods exports and the appreciation of the Swiss Franc in 2015," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 161(1), pages 1-25, December.
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    55. Müller, Gernot & Dietrich, Alexander & Kuester, Keith & Schoenle, Raphael, 2021. "News and uncertainty about COVID-19: Survey evidence and short-run economic impact," CEPR Discussion Papers 16766, C.E.P.R. Discussion Papers.
    56. Syrengelas, Konstantinos G & Cheptea, Angela & Huchet, Marilyne, "undated". "Brexit referendum and region-level agri-food trade," Working Papers 352072, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    57. Woo-Mora, L. Guillermo, 2025. "Populism’s original sin: Short-term populist penalties and uncertainty traps," European Economic Review, Elsevier, vol. 172(C).
    58. Douch, Mustaph & Huw Edwards, T., 2021. "The Brexit policy shock: Were UK services exports affected, and when?," Journal of Economic Behavior & Organization, Elsevier, vol. 182(C), pages 248-263.
    59. Michael Peneder & Benjamin Bittschi & Anna Burton & Angela Köppl & Thomas Url, 2024. "The WIFO Radar of Competitiveness for the Austrian Economy 2023," WIFO Reports on Austria, WIFO, issue 2, January.
    60. Anttonen, Jetro & Kuusi, Tero & Lehmus, Markku & Orjasniemi, Seppo, 2019. "2013 – The Finnish Divergence," ETLA Brief 76, The Research Institute of the Finnish Economy.
    61. Maricel Linares Giraldo & William Rodrigo Avenda�o Castro & Johanna Milena Mogrovejo Andrade, 2020. "Implicaciones geopolíticas y económicas del Brexit en la Unión Europea," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 36(70), pages 14-41.
    62. Paul J.J. Welfens & Tian Xiong, 2018. "BREXIT Perspectives: Financial Market Dynamics, Welfare Aspects and Problems from Slower Growth," EIIW Discussion paper disbei249, Universitätsbibliothek Wuppertal, University Library.
    63. Julio Revuelta, 2021. "The Effects of the Economic Adjustment Programmes for Greece: A Quasi-Experimental Approach," Sustainability, MDPI, vol. 13(9), pages 1-15, April.
    64. Makram El-Shagi & Steven Yamarik, 2023. "Growth Effects of EU Expansion: A Penalized Synthetic Control Method," CFDS Discussion Paper Series 2023/4, Center for Financial Development and Stability at Henan University, Kaifeng, Henan, China.
    65. Roşu, Maria-Magdalena & Fiscutean, Andrada & Paun, Mihaela, 2024. "The press and government, influencers of citizens’ political opinions: A quasi-experiment on Brexit," Journal of Policy Modeling, Elsevier, vol. 46(2), pages 272-288.
    66. Ferrari, Alessandro & Rogantini Picco, Anna, 2023. "Risk sharing and the adoption of the Euro," Journal of International Economics, Elsevier, vol. 141(C).
    67. Misina Cato & Olga Francová, 2025. "The distributional implications of the euro area crisis: Evidence from macroeconomic adjustment in Greece and Portugal," Working Papers 67, European Stability Mechanism, revised 10 Jan 2025.
    68. Steven Brakman & Harry Garretsen & Tristan Kohl, 2021. "EXITitis in the UK: Gravity Estimates in the Aftermath of Brexit," CESifo Working Paper Series 9292, CESifo.
    69. Idriss Fontaine & Justinien Razafindravaosolonirina, 2023. "The income loss of a political crisis: Evidence from Madagascar," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 31(3), pages 657-681, July.
    70. Efrem Castelnuovo, 2019. "Domestic and Global Uncertainty: A Survey and Some New Results," CESifo Working Paper Series 7900, CESifo.
    71. Murat Demirci, 2021. "Rising Political Populism and Outmigration of Youth as International Students," Koç University-TUSIAD Economic Research Forum Working Papers 2123, Koc University-TUSIAD Economic Research Forum.
    72. Ademmer, Martin & Jannsen, Nils, 2019. "Die Bedeutung von Sonderfaktoren für die deutsche Konjunktur: Eine Analyse anhand synthetischer Doppelgänger," Kiel Insight 2019.3, Kiel Institute for the World Economy (IfW Kiel).
    73. Tao, Miaomiao & Saadaoui, Jamel, 2025. "The Economic Cost of Nationalism," MPRA Paper 125113, University Library of Munich, Germany.
    74. Douglas Dow & Ilya R. P. Cuypers, 2024. "The influence of societal nationalist sentiment on trade flows," Journal of International Business Policy, Palgrave Macmillan, vol. 7(1), pages 64-98, March.
    75. Demirci, Murat, 2023. "Youth responses to political populism: Education abroad as a step toward emigration," Journal of Comparative Economics, Elsevier, vol. 51(2), pages 653-673.
    76. Huynh, Tran & Uebelmesser, Silke, 2024. "Early warning models for systemic banking crises: Can political indicators improve prediction?," European Journal of Political Economy, Elsevier, vol. 81(C).
    77. Ursula Münch & Armin Nassehi & Joe Kaeser & Knut Bergmann & Matthias Diermeier & Florian Dorn & David Gstrein & Florian Neumeier & Manuel Funke & Moritz Schularick & Christoph Trebesch & Kerim Peren A, 2024. "Wohlstand in Gefahr? Ursachen und Folgen von Populismus," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 77(03), pages 03-32, March.
    78. Hamdi Jbir, 2025. "Does financial stability communication affect financial asset prices? Evidence from the Bank of England's communication experiment," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1831-1855, April.
    79. Josh De Lyon & Swati Dhingra, 2020. "Covid-19 and Brexit: Real-time updates on business performance in the United Kingdom," CEP Covid-19 Analyses cepcovid-19-006, Centre for Economic Performance, LSE.
    80. Deyan Radev & Georgi Penev, 2022. "Brexit and the Fintech Revolution in Europe - Lessons from the Bulgarian Digital Finance Cluster," Bulgarian Economic Papers bep-2022-07, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski, revised Aug 2022.
    81. Barry Eichengreen & William Jungerman & Mingyang Liu, 2020. "Brexit, the City of London, and the prospects for portfolio investment," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(1), pages 1-16, February.
    82. Vesa Pursiainen, 2022. "Cultural Biases in Equity Analysis," Journal of Finance, American Finance Association, vol. 77(1), pages 163-211, February.
    83. Morteza Ghomi, 2022. "Who is afraid of sanctions? The macroeconomic and distributional effects of the sanctions against Iran," Economics and Politics, Wiley Blackwell, vol. 34(3), pages 395-428, July.
    84. Lukas J. Hornung & Nico Stöckmann, 2024. "Protectionism in Disguise? EU Anti-Dumping Measures Targeting PRC Iron and Steel Products," Journal of Industry, Competition and Trade, Springer, vol. 24(1), pages 1-31, December.
    85. Feás, Enrique, 2023. "The impact of the Brexit referendum on UK’s value-added exports: A structural decomposition," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1239-1254.
    86. Paul J. J. Welfens & Tian Xiong, 2019. "Correction to: BREXIT perspectives: financial market dynamics, welfare aspects and problems from slower growth," International Economics and Economic Policy, Springer, vol. 16(1), pages 267-267, March.
    87. Naudé, Wim, 2020. "Industrialization under Medieval Conditions? Global Development after COVID-19," IZA Discussion Papers 13829, Institute of Labor Economics (IZA).
    88. Martin Braml & Gabriel Felbermayr, 2019. "Quo vadis, Brexitannia?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(02), pages 32-39, January.
    89. Michael Peneder & Benjamin Bittschi & Anna Burton & Angela Köppl & Thomas Url, 2023. "Das WIFO-Radar der Wettbewerbsfähigkeit der österreichischen Wirtschaft 2023," WIFO Monatsberichte (monthly reports), WIFO, vol. 96(12), pages 845-856, December.
    90. Schrader, Klaus & Jessen-Thiesen, Levke, 2021. "Deutsche Arbeitsplätze und Brexit: Die Bedeutung des Exports nach Großbritannien für die Beschäftigung in den deutschen Bundesländern," Kiel Policy Brief 149, Kiel Institute for the World Economy (IfW Kiel).
    91. Boysen-Hogrefe, Jens, 2023. "Zum Einfluss der Grunderwerbsteuer auf den Wohnungsneubau in Deutschland," Kiel Policy Brief 165, Kiel Institute for the World Economy (IfW Kiel).
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    94. Jiang, Jiangang & Zhang, Jianhong, 2024. "National security review and ownership participation in cross-border acquisitions," International Business Review, Elsevier, vol. 33(6).
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    96. Drinkwater, Stephen & Blackaby, David H. & Robinson, Catherine, 2024. "What Mattered Most in the Brexit Vote? Evidence from Detailed Regression and Decomposition Analysis," IZA Discussion Papers 16841, Institute of Labor Economics (IZA).
    97. Kai Fischer, 2023. "Skilled Labour Migration and Firm Performance: Evidence from English Hospitals and Brexit," CESifo Working Paper Series 10747, CESifo.
    98. Garcia-Lazaro, Aida & Mistak, Jakub & Gulcin Ozkan, F., 2021. "Supply chain networks, trade and the Brexit deal: a general equilibrium analysis," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    99. Kren, Janez & Lawless, Martina, 2022. "How Brexit has changed EU-UK trade flows," Papers WP735, Economic and Social Research Institute (ESRI).

  17. Born, Benjamin & Breuer, Sebastian & Elstner, Steffen, 2017. "Uncertainty and the Great Recession," CEPR Discussion Papers 12083, C.E.P.R. Discussion Papers.

    Cited by:

    1. Kovalenko, Tim, 2021. "Uncertainty shocks and employment fluctuations in Germany: The role of establishment size," Discussion Papers 119, Friedrich-Alexander University Erlangen-Nuremberg, Chair of Labour and Regional Economics.
    2. Masayuki MORIKAWA, 2022. "Firms' Knightian Uncertainty during the COVID-19 Crisis," Discussion papers 22089, Research Institute of Economy, Trade and Industry (RIETI).
    3. Hristov, Nikolay & Roth, Markus, 2019. "Uncertainty shocks and financial crisis indicators," Discussion Papers 36/2019, Deutsche Bundesbank.
    4. Chris Redl, 2019. "Uncertainty Matters: Evidence from Close Elections," NBER Chapters, in: NBER International Seminar on Macroeconomics 2019, National Bureau of Economic Research, Inc.
    5. Urtasun, Alberto & Martínez Matute, Marta, 2020. "Uncertainty and Firms' Labour Decisions. Evidence from European Countries," IZA Discussion Papers 13645, Institute of Labor Economics (IZA).
    6. Maria Elena Bontempi & Michele Frigeri & Roberto Golinelli & Matteo Squadrani, 2021. "EURQ: A New Web Search‐based Uncertainty Index," Economica, London School of Economics and Political Science, vol. 88(352), pages 969-1015, October.
    7. Berg, Tim Oliver, 2019. "Business Uncertainty And The Effectiveness Of Fiscal Policy In Germany," Macroeconomic Dynamics, Cambridge University Press, vol. 23(4), pages 1442-1470, June.
    8. Idriss Fontaine, 2021. "Uncertainty and Labour Force Participation," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 83(2), pages 437-471, April.
    9. Christian Grimme & Marc Stöckli, 2017. "Makroökonomische Unsicherheit in Deutschland," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(06), pages 41-50, March.
    10. Munechika Katayama & Kwang Hwan Kim, 2017. "Uncertainty Shocks and the Relative Price of Investment Goods," Discussion papers e-16-015, Graduate School of Economics , Kyoto University.
    11. Benjamin Born & Johannes Pfeifer, 2017. "Uncertainty-driven Business Cycles: Assessing the Markup Channel," CESifo Working Paper Series 6303, CESifo.
    12. Straub, Ludwig & Ulbricht, Robert, 2015. "Endogenous Uncertainty and Credit Crunches," TSE Working Papers 15-604, Toulouse School of Economics (TSE), revised Dec 2017.
    13. Amélie Charles & Olivier Darné & Fabien Tripier, 2017. "Uncertainty and the Macroeconomy," Post-Print hal-01549625, HAL.
    14. Joonseok Oh, 2020. "The Propagation Of Uncertainty Shocks: Rotemberg Versus Calvo," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(3), pages 1097-1113, August.
    15. Netésunajev, Aleksei & Glass, Katharina, 2016. "Uncertainty and employment dynamics in the euro area and the US," SFB 649 Discussion Papers 2016-002, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
    16. Dou, Yue & Li, Yiying & Dong, Kangyin & Ren, Xiaohang, 2022. "Dynamic linkages between economic policy uncertainty and the carbon futures market: Does Covid-19 pandemic matter?," Resources Policy, Elsevier, vol. 75(C).
    17. Robert Czudaj, 2019. "Crude oil futures trading and uncertainty," Chemnitz Economic Papers 027, Department of Economics, Chemnitz University of Technology, revised Jan 2019.
    18. Christian Grimme, 2017. "Messung der Unternehmensunsicherheit in Deutschland – das ifo Streuungsmaß," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(15), pages 19-25, August.
    19. Liang, Chin Chia & Troy, Carol & Rouyer, Ellen, 2020. "U.S. uncertainty and Asian stock prices: Evidence from the asymmetric NARDL model," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).
    20. Feng Ma & Xinjie Lu & Bo Zhu, 2025. "Uncertainty and fluctuation in crude oil price: evidence from machine learning models," Annals of Operations Research, Springer, vol. 345(2), pages 725-755, February.
    21. Karaki, Mohamad B. & Rangaraju, Sandeep Kumar, 2023. "The confidence channel of U.S. financial uncertainty: Evidence from industry-level data," Economic Modelling, Elsevier, vol. 129(C).
    22. Fadekemi Chidinma Adeloye & Olayinka Olawoyin & Chinaemerem Daniel, 2024. "Economic Policy Uncertainty and Financial Markets in the United State," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(6), pages 998-1016, June.
    23. Boysen-Hogrefe, Jens & Groll, Dominik & Hoffmann, Timo & Jannsen, Nils & Kooths, Stefan & Schröder, Christian & Sonnenberg, Nils, 2024. "Deutsche Wirtschaft im Winter 2024: Kein Aufschwung in Sicht [German Forecast in Winter 2024: No Recovery in Sight]," Kieler Konjunkturberichte 120, Kiel Institute for the World Economy (IfW Kiel).
    24. Amélie Charles & Olivier Darné & Fabien Tripier, 2018. "Uncertainty and the macroeconomy: evidence from an uncertainty composite indicator," Applied Economics, Taylor & Francis Journals, vol. 50(10), pages 1093-1107, February.
    25. Giulia Piccillo & Poramapa Poonpakdee, 2021. "Effects of Macro Uncertainty on Mean Expectation and Subjective Uncertainty: Evidence from Households and Professional Forecasters," CESifo Working Paper Series 9486, CESifo.
    26. Hristov, Nikolay & Roth, Markus, 2022. "Uncertainty shocks and systemic-risk indicators," Journal of International Money and Finance, Elsevier, vol. 122(C).
    27. Haining Chen & Prince Asare Vitenu-Sackey & Isaac Akpemah Bathuure, 2024. "Uncertainty Measures and Business Cycles: Evidence From the US," SAGE Open, , vol. 14(2), pages 21582440241, April.
    28. Meinen, Philipp & Roehe, Oke, 2017. "On measuring uncertainty and its impact on investment: Cross-country evidence from the euro area," European Economic Review, Elsevier, vol. 92(C), pages 161-179.
    29. Ademmer, Martin & Gern, Klaus-Jürgen & Hauber, Philipp & Jannsen, Nils & Kooths, Stefan & Mösle, Saskia & Stolzenburg, Ulrich, 2019. "Weltkonjunktur im Sommer 2019 - Weltwirtschaft ohne Schwung [World Economy Summer 2019 - Global growth remains sluggish]," Kieler Konjunkturberichte 55, Kiel Institute for the World Economy (IfW Kiel).
    30. Stefan Sauer & Klaus Wohlrabe, 2020. "ifo Handbuch der Konjunkturumfragen," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 88, April.
    31. Sangyup Choi & Mr. Prakash Loungani, 2015. "Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels," IMF Working Papers 2015/036, International Monetary Fund.
    32. Kanzola, Anna-Maria & Papaioannou, Konstantina & Petrakis, Panagiotis E., 2023. "Environmental behavioral perceptions under uncertainty of alternative economic futures," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    33. Huang, Yisu & Xu, Weiju & Huang, Dengshi & Zhao, Chenchen, 2023. "Chinese crude oil futures volatility and sustainability: An uncertainty indices perspective," Resources Policy, Elsevier, vol. 80(C).
    34. Berend, Lukas & Jannsen, Nils, 2024. "Zum Einfluss der wirtschaftspolitischen Unsicherheit auf die deutsche Konjunktur," Kiel Insight 2024.11, Kiel Institute for the World Economy (IfW Kiel).
    35. Tim Kovalenko, 2021. "Uncertainty shocks and employment fluctuations in Germany: the role of establishment size," Working Papers 212, Bavarian Graduate Program in Economics (BGPE).
    36. Ademmer, Martin & Beckmann, Joscha & Jannsen, Nils, 2019. "Zu den Auswirkungen des jüngsten Anstiegs der globalen wirtschaftspolitischen Unsicherheit," Kiel Insight 2019.7, Kiel Institute for the World Economy (IfW Kiel).
    37. Mei-Chih Wang & Pao-Lan Kuo & Chan-Sheng Chen & Chien-Liang Chiu & Tsangyao Chang, 2020. "Yield Spread and Economic Policy Uncertainty: Evidence from Japan," Sustainability, MDPI, vol. 12(10), pages 1-14, May.
    38. Chia‐Yi Yen & Yu‐Hsi Chou, 2020. "Understanding The Macroeconomic Impact Of Illiquidity Shocks In The United States," Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1245-1278, July.
    39. OH, Joonseok, 2019. "The propagation of uncertainty shocks : Rotemberg vs. Calvo," Economics Working Papers ECO 2019/01, European University Institute.
    40. Giulia Piccillo & Poramapa Poonpakdee, 2023. "Ambiguous Business Cycles, Recessions and Uncertainty: A Quantitative Analysis," CESifo Working Paper Series 10646, CESifo.
    41. Huang, Yisu & Ma, Feng & Bouri, Elie & Huang, Dengshi, 2023. "A comprehensive investigation on the predictive power of economic policy uncertainty from non-U.S. countries for U.S. stock market returns," International Review of Financial Analysis, Elsevier, vol. 87(C).
    42. Bańbura, Marta & Albani, Maria & Ambrocio, Gene & Bursian, Dirk & Buss, Ginters & de Winter, Jasper & Gavura, Miroslav & Giordano, Claire & Júlio, Paulo & Le Roux, Julien & Lozej, Matija & Malthe-Thag, 2018. "Business investment in EU countries," Occasional Paper Series 215, European Central Bank.
    43. Bofinger, Peter & Schnabel, Isabel & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2014. "Mehr Vertrauen in Marktprozesse. Jahresgutachten 2014/15 [More confidence in market processes. Annual Report 2014/15]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201415.
    44. Schläger, Dan, 2024. "Unmasking the significance of uncertainty: a case study of the German interwar economy (1919-1935)," LSE Research Online Documents on Economics 125837, London School of Economics and Political Science, LSE Library.

  18. Born, Benjamin & Pfeifer, Johannes, 2016. "The New Keynesian Wage Phillips Curve: Calvo vs. Rotemberg," Dynare Working Papers 51, CEPREMAP.

    Cited by:

    1. Fabio Busetti & Stefano Neri & Alessandro Notarpietro & Massimiliano Pisani, 2020. "Monetary policy strategies in the New Normal: a model-based analysis for the euro area," Temi di discussione (Economic working papers) 1308, Bank of Italy, Economic Research and International Relations Area.
    2. Montoro, Carlos & Ortiz, Marco, 2023. "The portfolio balance channel of capital flows and foreign exchange intervention in a small open economy," Journal of International Money and Finance, Elsevier, vol. 133(C).
    3. Jocelyn Maillard, 2018. "Heterogeneity, Rigidity and Convergence of Labor Markets in the Euro Area," Working Papers 1823, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    4. Khalil, Makram, 2020. "Global oil prices and the macroeconomy: The role of tradeable manufacturing versus nontradeable services," Discussion Papers 60/2020, Deutsche Bundesbank.
    5. Drago Bergholt & Øistein Røisland & Tommy Sveen & Ragnar Torvik, 2022. "Monetary policy when export revenues drop," Working Paper 2022/11, Norges Bank.
    6. Christian Schoder & Remzi Baris Tercioglu, 2024. "A climate-fiscal policy mix to achieve Türkiye’s net-zero ambition under feasibility constraints," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 21(2), pages 331-359, April.
    7. Benjamin Born & Johannes Pfeifer, 2017. "Uncertainty-driven Business Cycles: Assessing the Markup Channel," CESifo Working Paper Series 6303, CESifo.
    8. Iwasaki, Yuto & Muto, Ichiro & Shintani, Mototsugu, 2021. "Missing wage inflation? Estimating the natural rate of unemployment in a nonlinear DSGE model," European Economic Review, Elsevier, vol. 132(C).
    9. Barattieri, Alessandro & Cacciatore, Matteo & Ghironi, Fabio, 2021. "Protectionism and the business cycle," Journal of International Economics, Elsevier, vol. 129(C).
    10. Peiris, M.U. & Shirobokov, A. & Tsomocos, D.P., 2024. "Does “Lean Against the Wind” monetary policy improve welfare in a commodity exporter?," Journal of International Money and Finance, Elsevier, vol. 141(C).
    11. Charalampidis, Nikolaos, 2022. "Top income shares, inequality, and business cycles: United States, 1957–2016," European Economic Review, Elsevier, vol. 150(C).
    12. Dmitry Kreptsev & Sergei Seleznev, 2017. "DSGE Model of the Russian Economy with the Banking Sector," Bank of Russia Working Paper Series wps27, Bank of Russia.
    13. Khalil, Makram, 2022. "Oil prices, manufacturing goods, and nontradeable services," Journal of International Economics, Elsevier, vol. 134(C).
    14. Colombo, Emilio & Furceri, Davide & Pizzuto, Pietro & Tirelli, Patrizio, 2024. "Public expenditure multipliers and informality," European Economic Review, Elsevier, vol. 164(C).
    15. Martin, Reiner & O’Brien, Edward & Peiris, M. Udara & Tsomocos, Dimitrios P., 2025. "Distressed assets and fiscal-monetary support: are AMCs a third way?," Working Paper Series 3023, European Central Bank.
    16. Vinci, Francesca & Schang, Christopher, 2024. "Marrying fiscal rules & investment: a central fiscal capacity for Europe," Working Paper Series 2962, European Central Bank.
    17. Jamie Lenney, 2022. "Monetary policy transmission, the labour share and HANK models," Bank of England working papers 960, Bank of England.
    18. Francesca Vinci & Omar Licandro, 2020. "Switching-track after the Great Recession," Discussion Papers 2020/02, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
    19. Hirschbühl, Dominik & Spitzer, Martin, 2021. "International medium-term business cycles," Working Paper Series 2536, European Central Bank.
    20. Schoder, Christian & Tercioglu, Remzi Baris, 2023. "A Climate-Fiscal Policy Mix to Achieve Türkiye’s Net-Zero Ambition under Feasibility Constraints," Policy Research Working Paper Series 10551, The World Bank.
    21. Luca Portoghese & Patrizio Tirelli, 2024. "Getting ready for the next pandemic: supply- side policies to escape the health-vs-economy dilemma," DEM Working Papers Series 219, University of Pavia, Department of Economics and Management.
    22. Ortiz, Marco & Inca, Arthur & Solf, Fabrizio, 2024. "Welfare implications of nomimal GDP targeting in a small open economy," MPRA Paper 119999, University Library of Munich, Germany.
    23. Rahul Nath, 2018. "Equity Pricing New Keynesian Models with Nominal Rigidities and Investment," Economics Series Working Papers 850, University of Oxford, Department of Economics.
    24. Gnocato, Nicolò & Montes-Galdón, Carlos & Stamato, Giovanni, 2025. "Tariffs across the supply chain," Working Paper Series 3081, European Central Bank.
    25. Langot, François & Malmberg, Selma & Tripier, Fabien & Hairault, Jean-Olivier, 2023. "The Macroeconomic and Redistributive Effects of Shielding Consumers from Rising Energy Prices: the French Experiment," CEPREMAP Working Papers (Docweb) 2305, CEPREMAP.

  19. Müller, Gernot & Pfeifer, Johannes & Born, Benjamin, 2015. "Does austerity pay off?," CEPR Discussion Papers 10425, C.E.P.R. Discussion Papers.

    Cited by:

    1. Lemoine, Matthieu & Lindé, Jesper, 2016. "Fiscal Consolidation Under Imperfect Credibility," Working Paper Series 322, Sveriges Riksbank (Central Bank of Sweden).
    2. Born, Benjamin & Müller, Gernot & Pfeifer, Johannes & Wellmann, Susanne, 2020. "Different no more: Country spreads in advanced and emerging economies," CEPR Discussion Papers 14392, C.E.P.R. Discussion Papers.
    3. Nicholas E. Karavitis, 2018. "Fiscal adjustment and debt sustainability: Greece 2010-2016 and beyond," Working Papers 245, Bank of Greece.
    4. Rüdiger Bachmann & Sebastian K. Rüth, 2020. "Systematic Monetary Policy And The Macroeconomic Effects Of Shifts In Residential Loan‐To‐Value Ratios," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 61(2), pages 503-530, May.
    5. Valencia, Oscar & Gamboa-Arbeláez, Juliana & Sánchez, Gustavo, 2024. "Debt erosion: Asymmetric response to demand and supply shocks," International Review of Economics & Finance, Elsevier, vol. 96(PA).
    6. Vybhavi Balasundharam & Olivier Basdevant & Dalmacio Benicio & Andrew Ceber & Yujin Kim & Luca Mazzone & Hoda Selim & Yongzheng Yang, 2023. "Fiscal Consolidation: Taking Stock of Success Factors, Impact, and Design," IMF Working Papers 2023/063, International Monetary Fund.
    7. Beetsma, Roel & Furtuna, Oana & Giuliodori, Massimo & Mumtaz, Haroon, 2021. "Revenue- versus spending-based fiscal consolidation announcements: Multipliers and follow-up," Journal of International Economics, Elsevier, vol. 131(C).
    8. Benjamin Born & Francesco D’Ascanio & Gernot J. Müller & Johannes Pfeifer, 2024. "Mr. Keynes Meets the Classics: Government Spending and the Real Exchange Rate," Journal of Political Economy, University of Chicago Press, vol. 132(5), pages 1642-1683.
    9. Rüth, Sebastian K. & Simon, Camilla, 2022. "How do income and the debt position of households propagate fiscal stimulus into consumption?," Journal of Economic Dynamics and Control, Elsevier, vol. 143(C).
    10. Surico, P. & Trezzi, R., 2016. "Consumer Spending and Fiscal Consolidation: Evidence from a Housing Tax Experiment," Cambridge Working Papers in Economics 1648, Faculty of Economics, University of Cambridge.
    11. Klein, Mathias & Winkler, Roland, 2017. "Austerity, Inequality, and Private Debt Overhang," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168076, Verein für Socialpolitik / German Economic Association.
    12. David, Antonio C. & Guajardo, Jaime & Yepez, Juan F., 2022. "The rewards of fiscal consolidations: Sovereign spreads and confidence effects," Journal of International Money and Finance, Elsevier, vol. 123(C).
    13. Christian Bayer & Benjamin Born & Ralph Luetticke & Gernot J Müller, 2023. "The Coronavirus Stimulus Package: How Large is the Transfer Multiplier," The Economic Journal, Royal Economic Society, vol. 133(652), pages 1318-1347.
    14. Valeria Cirillo & Marcella Corsi & Carlo D’Ippoliti & Lucio Gobbi, 2024. "Asymmetric effects of macro policies on women’s and men’s incomes. An empirical investigation of the eurozone crisis in a gender perspective," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 41(2), pages 327-359, July.
    15. Stefan Niemann & Paul Pichler, 2020. "Online Appendix to "Optimal fiscal policy and sovereign debt crises"," Online Appendices 18-382, Review of Economic Dynamics.
    16. Adrian Chadi & Matthias Krapf, 2015. "The Protestant Fiscal Ethic: Religious Confession and Euro Skepticism in Germany," SOEPpapers on Multidisciplinary Panel Data Research 754, DIW Berlin, The German Socio-Economic Panel (SOEP).
    17. Matthieu Darracq Paries & Georg Muller & Niki Papadopoulou, 2022. "Fiscal Multipliers with Sovereign Risk and Fragile Banks," Working Papers 2022-5, Central Bank of Cyprus.
    18. Gustav A. Horn & Sebastian Gechert & Alexander Herzog-Stein & Peter Hohlfeld & Fabian Lindner & Ansgar Rannenberg & Sabine Stephan & Thomas Theobald & Silke Tober, 2015. "Im Aufschwung - Prognose der wirtschaftlichen Entwicklung 2015/2016," IMK Report 104-2015, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    19. Hayley Pallan, 2022. "Sovereign Spreads and Corporate Taxation," IHEID Working Papers 15-2022, Economics Section, The Graduate Institute of International Studies.
    20. Carolina Correa-Caro & Leandro Medina & Marcos Poplawski-Ribeiro & Bennett Sutton, 2021. "Fiscal Stimulus and Firms’ Sales and Capital Expenditure During the Global Financial Crisis," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 63(3), pages 489-535, September.
    21. Oliver Hülsewig & Horst Rottmann, 2020. "Euro Area Periphery Countries' Fiscal Policy and Monetary Policy Surprises," CESifo Working Paper Series 8041, CESifo.
    22. Corbisiero, Giuseppe, 2022. "Bank lending, collateral, and credit traps in a monetary union," European Economic Review, Elsevier, vol. 144(C).
    23. Immaculate Machasio & Peter Tillmann, 2016. "Remittance Infl ows and State-Dependent Monetary Policy Transmission in Developing Countries," MAGKS Papers on Economics 201638, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    24. Mr. Serhan Cevik & João Tovar Jalles, 2023. "Restructuring Reforms for Green Growth," IMF Working Papers 2023/120, International Monetary Fund.
    25. Branimir Jovanovic, 2013. "Growth Forecast Errors and Government Investment and Consumption Multipliers," CEIS Research Paper 301, Tor Vergata University, CEIS, revised 17 Dec 2013.
    26. Andrea Tafuro, 2024. "Lagging behind: the hysteresis of austerity," Empirical Economics, Springer, vol. 66(1), pages 327-368, January.
    27. Piotr Ciżkowicz & Grzegorz Parosa & Andrzej Rzońca, 2022. "Fiscal tensions and risk premium," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 49(3), pages 833-896, August.
    28. Mathias Klein, 2016. "Austerity and Private Debt," Discussion Papers of DIW Berlin 1611, DIW Berlin, German Institute for Economic Research.
    29. Rüth, Sebastian K., 2017. "State-dependent monetary policy transmission and financial market tensions," Economics Letters, Elsevier, vol. 157(C), pages 56-61.
    30. Darracq Pariès, Matthieu & Müller, Georg & Papadopoulou, Niki, 2023. "Fiscal multipliers within the euro area in the context of sovereign risk and bank fragility," Economic Modelling, Elsevier, vol. 126(C).
    31. Sophie Brana & Quentin Bro de Comères & Anne-Gaël Vaubourg, 2024. "How Do Analyst Recommendations on Banks Respond to Monetary Policy News? An Application to the Eurozone," Post-Print hal-04986898, HAL.
    32. Stefan Niemann & Paul Pichler, 2017. "Optimal fiscal policy and sovereign debt crises," Working Papers 218, Oesterreichische Nationalbank (Austrian Central Bank).
    33. Rasmus Wiese & Jakob de Haan & João Tovar Jalles, 2023. "The impact of endogenous product and labour market reforms on unemployment: New evidence based on local projections," Working Papers REM 2023/0296, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    34. Froemel, Maren & Paczos, Wojtek, 2024. "Imperfect Financial Markets and the Cyclicality of Social Spending," Cardiff Economics Working Papers E2024/3, Cardiff University, Cardiff Business School, Economics Section.
    35. R diger Bachmann & Sebastian R th, 2017. "Systematic Monetary Policy And The Macroeconomic Effects Of Shifts In Loan-To-Value Ratios," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 17/934, Ghent University, Faculty of Economics and Business Administration.
    36. Atanas Pekanov, 2018. "The New View on Fiscal Policy and its Implications for the European Monetary Union," WIFO Working Papers 562, WIFO.
    37. Gonçalves, Sílvia & Herrera, Ana María & Kilian, Lutz & Pesavento, Elena, 2024. "State-dependent local projections," Journal of Econometrics, Elsevier, vol. 244(2).
    38. Christopher L. House & Christian Proebsting & Linda L. Tesar, 2017. "Austerity in the Aftermath of the Great Recession," NBER Working Papers 23147, National Bureau of Economic Research, Inc.
    39. Born, Benjamin & Müller, Gernot & Pfeifer, Johannes, 2014. "Does austerity pay off?," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100301, Verein für Socialpolitik / German Economic Association.
    40. Mathias Klein, 2017. "Austerity and Private Debt," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(7), pages 1555-1585, October.
    41. Hristov, Nikolay & Roth, Markus, 2022. "Uncertainty shocks and systemic-risk indicators," Journal of International Money and Finance, Elsevier, vol. 122(C).
    42. Jorge Pablo Puig & Martin Ardanaz & Eduardo Cavallo & Alejandro Izquierdo, 2021. "Output effects of fiscal consolidations: does spending composition matter?," Asociación Argentina de Economía Política: Working Papers 4507, Asociación Argentina de Economía Política.
    43. Beetsma, Roel & Furtuna, Oana & Giuliodori, Massimo & Mumtaz, Haroon, 2017. "Revenue- versus spending-based fiscal consolidation announcements: follow-up, multipliers and confidence," CEPR Discussion Papers 12133, C.E.P.R. Discussion Papers.
    44. Duque Gabriel, Ricardo & Klein, Mathias & Pesso, Ana Sofia, 2020. "The Effects of Government Spending in the Eurozone," Working Paper Series 400, Sveriges Riksbank (Central Bank of Sweden).
    45. Paul Rudel, 2024. "Loan Supply Shocks, Prudential Regulation, and the Business Cycle," MAGKS Papers on Economics 202409, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    46. Keyser, Alice & Paczos, Wojtek, 2023. "Sovereign risk, debt composition and exchange rate regimes," Finance Research Letters, Elsevier, vol. 58(PB).
    47. Serhan Cevik, João Tovar Jalles, 2023. "Restructuring Reforms for Green Growth," Working Papers REM 2023/0278, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    48. Alfredo Arahuetes García & Gonzalo Gómez Bengoechea, 2022. "Back to the Future: Lessons from the 2009–2012 austerity policies for the aftermath of the COVID crisis," Global Policy, London School of Economics and Political Science, vol. 13(5), pages 751-766, November.
    49. Bi, Huixin & Shen, Wenyi & Yang, Shu-Chun S., 2016. "Debt-dependent effects of fiscal expansions," European Economic Review, Elsevier, vol. 88(C), pages 142-157.
    50. Davtyan, Karen, 2017. "The distributive effect of monetary policy: The top one percent makes the difference," Economic Modelling, Elsevier, vol. 65(C), pages 106-118.
    51. Beetsma, Roel & Furtuna, Oana & Giuliodori, Massimo, 2018. "Revenue- versus spending-based consolidation plans: the role of follow-up," Working Paper Series 2178, European Central Bank.
    52. David Finck & Peter Tillmann, 2022. "Pandemic Shocks and Household Spending," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(2), pages 273-299, April.
    53. Ağca, Şenay & Igan, Deniz, 2019. "Fiscal consolidations and the cost of credit," Journal of International Economics, Elsevier, vol. 120(C), pages 84-108.
    54. Sebastian Gechert & Ansgar Rannenberg, 2015. "The Costs of Greece's Fiscal Consolidation," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 84(3), pages 47-59.
    55. Klein, Mathias, 2016. "Austerity and Private Debt," VfS Annual Conference 2016 (Augsburg): Demographic Change 145681, Verein für Socialpolitik / German Economic Association.
    56. David Finck & Peter Tillmann, 2020. "Pandemic Shocks and Household Spending," MAGKS Papers on Economics 202036, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    57. Philipp Heimberger, 2025. "The new EU fiscal framework: Implications for public spending on the green and digital transition," wiiw Policy Notes 94, The Vienna Institute for International Economic Studies, wiiw.
    58. Hjortsoe, Ida & Weale, Martin & Wieladek, Tomasz, 2018. "How does financial liberalisation affect the influence of monetary policy on the current account?," Journal of International Money and Finance, Elsevier, vol. 85(C), pages 93-123.
    59. Sheng, Xuguang Simon & Sukaj, Rubena, 2021. "Identifying external debt shocks in low- and middle-income countries," Journal of International Money and Finance, Elsevier, vol. 110(C).
    60. Stracca, Livio & Kalbhenn, Anna, 2015. "Does fiscal austerity affect public opinion?," Working Paper Series 1774, European Central Bank.

  20. Benjamin Born & Johannes Pfeifer, 2014. "Risk Matters: A Comment," CESifo Working Paper Series 4793, CESifo.

    Cited by:

    1. Koirala, Niraj P. & Koirala, Dhiroj Prasad & Nyiwul, Linus & Hu, Zhining, 2024. "Economic uncertainty, households’ credit situations, and higher education," Journal of Macroeconomics, Elsevier, vol. 80(C).
    2. Kandoussi, Malak & Langot, François, 2020. "Uncertainty Shocks and Unemployment Dynamics," IZA Discussion Papers 13438, Institute of Labor Economics (IZA).
    3. Hinterlang, Natascha & Moyen, Stephane & Röhe, Oke & Stähler, Nikolai, 2023. "Gauging the effects of the German COVID-19 fiscal stimulus package," European Economic Review, Elsevier, vol. 154(C).
    4. Lorenzo Bretscher & Alex Hsu & Andrea Tamoni, 2019. "Response of the Macroeconomy to Uncertainty Shocks:the Risk Premium Channel," 2019 Meeting Papers 1567, Society for Economic Dynamics.
    5. Xianbo Zhou & Zhuoran Chen, 2023. "The Impact of Uncertainty Shocks to Consumption under Different Confidence Regimes Based on a Stochastic Uncertainty-in-Mean TVAR Model," Sustainability, MDPI, vol. 15(4), pages 1-20, February.
    6. Kollmann, Robert, 2015. "Risk Sharing in a World Economy with Uncertainty Shocks," CEPR Discussion Papers 10940, C.E.P.R. Discussion Papers.
    7. Giovanni Caggiano & Efrem Castelnuovo, 2023. "Global financial uncertainty," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(3), pages 432-449, April.
    8. Gabriel Cuadra & Victoria Nuguer, 2018. "Online Appendix to "Risky Banks and Macro-Prudential Policy for Emerging Economies"," Online Appendices 15-242, Review of Economic Dynamics.
    9. Den Haan, Wouter & Rendahl, Pontus & Freund, Lukas B., 2020. "Volatile Hiring: Uncertainty in Search and Matching Models," CEPR Discussion Papers 14630, C.E.P.R. Discussion Papers.
    10. Müller, Gernot & Georgiadis, Georgios & Schumann, Ben, 2021. "Global Risk and the Dollar," CEPR Discussion Papers 16245, C.E.P.R. Discussion Papers.
    11. Punzi, Maria Teresa, 2019. "The impact of energy price uncertainty on macroeconomic variables," Energy Policy, Elsevier, vol. 129(C), pages 1306-1319.
    12. Kollmann, Robert, 2016. "Tractable Likelihood-Based Estimation of Non-Linear DSGE Models Using Higher-Order Approximations," MPRA Paper 70350, University Library of Munich, Germany.
    13. Emmanuel Joel Aikins Abakah & Guglielmo Maria Caporale & Luis A. Gil-Alana, 2020. "Economic Policy Uncertainty: Persistence and Cross-Country Linkages," CESifo Working Paper Series 8289, CESifo.
    14. Jerow, Sam & Wolff, Jonathan, 2022. "Fiscal policy and uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 145(C).
    15. Kollmann, Robert, 2016. "International Business Cycles and Risk Sharing with Uncertainty Shocks and Recursive Preferences," MPRA Paper 70183, University Library of Munich, Germany.
    16. Robert Kollmann, 2016. "Risk Sharing, the Exchange Rate and Net Foreign Assets in a World Economy with Uncertainty Shocks," 2016 Meeting Papers 721, Society for Economic Dynamics.
    17. Carrillo, Julio A. & Peersman, Gert & Wauters, Joris, 2022. "Endogenous wage indexation and aggregate shocks," Journal of Macroeconomics, Elsevier, vol. 72(C).
    18. Ma, Dan & Zhang, Chuan & Hui, Yarong & Xu, Bing, 2022. "Economic uncertainty spillover and social networks," Journal of Business Research, Elsevier, vol. 145(C), pages 454-467.
    19. Samil Oh & Thepthida Sopraseuth, 2017. "Firm entry, Search and Matching in a Small Open Economy Faced with Uncertainty Shocks: The case of Korea," THEMA Working Papers 2017-27, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    20. Lorenzo Bretscher & Alex Hsu & Andrea Tamoni, 2023. "The Real Response to Uncertainty Shocks: The Risk Premium Channel," Management Science, INFORMS, vol. 69(1), pages 119-140, January.
    21. Bonciani, Dario & Ricci, Martino, 2020. "The international effects of global financial uncertainty shocks," Journal of International Money and Finance, Elsevier, vol. 109(C).
    22. Michael Patrick Curran & Adnan Velic, 2017. "Interest Rate Volatility And Macroeconomic Dynamics: A Cross-Country Analysis," Villanova School of Business Department of Economics and Statistics Working Paper Series 35, Villanova School of Business Department of Economics and Statistics.
    23. Nuguer Victoria & Cuadra Gabriel, 2016. "Risky Banks and Macroprudential Policy for Emerging Economies," Working Papers 2016-06, Banco de México.
    24. Michael Curran & Adnan Velic, 2020. "Interest rate volatility and macroeconomic dynamics: Heterogeneity matters," Review of International Economics, Wiley Blackwell, vol. 28(4), pages 957-975, September.

  21. Benjamin Born & Johannes Pfeifer, 2013. "Policy Risk and the Business Cycle," CESifo Working Paper Series 4336, CESifo.

    Cited by:

    1. Giovanni Caggiano & Efrem Castelnuovo & Silvia Delrio & Richard Kima, 2020. "Financial Uncertainty and Real Activity: The Good, the Bad, and the Ugly," CESifo Working Paper Series 8426, CESifo.
    2. Yusuf Soner Başkaya & Timur Hülagü & Hande Küçük, 2013. "Oil Price Uncertainty in a Small Open Economy," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(1), pages 168-198, April.
    3. Igor Kotlán & Daniel Němec & Eva Kotlánová & Petr Skalka & Rudolf Macek & Zuzana Machová, 2021. "European Green Deal: Environmental Taxation and Its Sustainability in Conditions of High Levels of Corruption," Sustainability, MDPI, vol. 13(4), pages 1-15, February.
    4. Gabriela Nodari, 2013. "Financial Regulation Policy Uncertainty and Credit Spreads in the U.S," "Marco Fanno" Working Papers 0170, Dipartimento di Scienze Economiche "Marco Fanno".
    5. Ambrogio Cesa-Bianchi & M. Hashem Pesaran & Alessandro Rebucci, 2018. "Uncertainty and Economic Activity: A Multi-Country Perspective," NBER Working Papers 24325, National Bureau of Economic Research, Inc.
    6. Caldara, Dario & Iacoviello, Matteo & Molligo, Patrick & Prestipino, Andrea & Raffo, Andrea, 2020. "The economic effects of trade policy uncertainty," Journal of Monetary Economics, Elsevier, vol. 109(C), pages 38-59.
    7. Cosmin L. Ilut & Hikaru Saijo, 2016. "Learning, Confidence, and Business Cycles," NBER Working Papers 22958, National Bureau of Economic Research, Inc.
    8. Mecikovsky, Ariel & Meier, Matthias, 2014. "Do plants freeze upon uncertainty shocks?," EconStor Preprints 100662, ZBW - Leibniz Information Centre for Economics.
    9. Susanto Basu & Brent Bundick, 2011. "Uncertainty Shocks in a Model of Effective Demand," Boston College Working Papers in Economics 774, Boston College Department of Economics, revised 01 Nov 2015.
    10. Lastauskas, Povilas & Nguyen, Anh Dinh Minh, 2021. "Global impacts of US monetary policy uncertainty shocks," Working Paper Series 2513, European Central Bank.
    11. Mathias Klein & Christopher Krause, 2019. "Income Redistribution, Consumer Credit, and Keeping up with the Riches," Discussion Papers of DIW Berlin 1816, DIW Berlin, German Institute for Economic Research.
    12. Bonciani, Dario, 2015. "Estimating the effects of uncertainty over the business cycle," MPRA Paper 65921, University Library of Munich, Germany.
    13. Luca Gambetti & Dimitris Korobilis & John D. Tsoukalas & Francesco Zanetti, 2023. "Agreed and Disagreed Uncertainty," Working Papers 2023_04, Business School - Economics, University of Glasgow.
    14. Saijo, Hikaru, 2017. "The uncertainty multiplier and business cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 78(C), pages 1-25.
    15. Stuart Landon & Constance Smith, 2017. "Does the Design of a Fiscal Rule Matter for Welfare?," Working Papers 2017-2, University of Alberta, Department of Economics.
    16. Bonciani, Dario & van Roye, Björn, 2015. "Uncertainty shocks, banking frictions and economic activity," Working Paper Series 1825, European Central Bank.
    17. Pierdzioch Christian & Gupta Rangan, 2020. "Uncertainty and Forecasts of U.S. Recessions," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 24(4), pages 1-20, September.
    18. Freund, L. B & Rendahl, P., 2020. "Unexpected Effects: Uncertainty, Unemployment, and Inflation," Cambridge Working Papers in Economics 2035, Faculty of Economics, University of Cambridge.
    19. Ran, Gao & Zixiang, Zhu & Jianhao, Lin, 2022. "Consumption–investment comovement and the dynamic impact of monetary policy uncertainty in China," Economic Modelling, Elsevier, vol. 113(C).
    20. Murray, James, 2014. "Fiscal Policy Uncertainty and Its Macroeconomic Consequences," MPRA Paper 57409, University Library of Munich, Germany.
    21. Lin, Zifei & Li, Jiaorui & Li, Shuang, 2016. "On a business cycle model with fractional derivative under narrow-band random excitation," Chaos, Solitons & Fractals, Elsevier, vol. 87(C), pages 61-70.
    22. Muhammad Shahbaz & Arshian Sharif & Fateh Belaid & Xuan Vinh Vo, 2023. "Long‐run co‐variability between oil prices and economic policy uncertainty," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 1308-1326, April.
    23. Michael Plante & Alexander W. Richter & Nathaniel A. Throckmorton, 2018. "The Zero Lower Bound and Endogenous Uncertainty," Economic Journal, Royal Economic Society, vol. 128(611), pages 1730-1757, June.
    24. Stephie Fried & Kevin Novan & William B. Peterman, 2022. "Climate Policy Transition Risk and the Macroeconomy," Working Paper Series 2021-06, Federal Reserve Bank of San Francisco.
    25. Bachmann, Rüdiger & Born, Benjamin & Elstner, Steffen & Grimme, Christian, 2013. "Time-varying business volatility, price setting, and the real effects of monetary policy," Working Papers 01/2013, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
    26. Cheng, Maoyong & Meng, Yu & Zhang, Muyang, 2024. "Blessing or bane: The absence of a leader, political selection, and economic growth," Journal of Economic Behavior & Organization, Elsevier, vol. 227(C).
    27. Born, Benjamin & Bayer, Christian & Luetticke, Ralph, 2020. "The Liquidity Channel of Fiscal Policy," CEPR Discussion Papers 14883, C.E.P.R. Discussion Papers.
    28. Goodness C. Aye & Mehmet Balcilar & Ghassen El Montasser & Rangan Gupta & Nangamso C. Manjez, 2016. "Can debt ceiling and government shutdown predict us real stock returns? A bootstrap rolling window approach. - Gli effetti sui rendimenti azionari reali negli USA del tetto del debito pubblico e del b," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 69(1), pages 11-32.
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    Cited by:

    1. Masayuki MORIKAWA, 2022. "Firms' Knightian Uncertainty during the COVID-19 Crisis," Discussion papers 22089, Research Institute of Economy, Trade and Industry (RIETI).
    2. Benjamin Born & Zeno Enders & Manuel Menkhoff & Gernot J. Müller & Knut Niemann, 2023. "Firm Expectations and News: Micro v Macro," ifo Working Paper Series 400, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    3. Freund, L. B & Rendahl, P., 2020. "Unexpected Effects: Uncertainty, Unemployment, and Inflation," Cambridge Working Papers in Economics 2035, Faculty of Economics, University of Cambridge.
    4. Chevaughn van der Westhuizen & Renee van Eyden & Goodness C. Aye, 2023. "Monetary Policy Effectiveness in the Face of Uncertainty: The Real Macroeconomic Impact of a Monetary Policy Shock in South Africa during High and Low Uncertainty States," Working Papers 202331, University of Pretoria, Department of Economics.
    5. Link, Sebastian & Peichl, Andreas & Roth, Christopher & Wohlfart, Johannes, 2023. "Information frictions among firms and households," Journal of Monetary Economics, Elsevier, vol. 135(C), pages 99-115.
    6. Berg, Tim Oliver, 2019. "Business Uncertainty And The Effectiveness Of Fiscal Policy In Germany," Macroeconomic Dynamics, Cambridge University Press, vol. 23(4), pages 1442-1470, June.
    7. Christian Grimme & Marc Stöckli, 2017. "Makroökonomische Unsicherheit in Deutschland," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(06), pages 41-50, March.
    8. Bayat , Saeid & Ebrahimi , Sajad & Ghaderi , Omid, 2017. "The Effects of Exchange Rate on Price-Setting in Manufacturing Sector: Applying Price Micro Data of Iran," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 12(1), pages 1-21, January.
    9. Link, Sebastian, 2022. "The Price and Employment Response of Firms to the Introduction of Minimum Wages," IZA Discussion Papers 15701, Institute of Labor Economics (IZA).
    10. Serafin Frache & Rodrigo Lluberas & Javier Turen, 2021. "Belief-Dependent Pricing Decisions," Documentos de Trabajo 564, Instituto de Economia. Pontificia Universidad Católica de Chile..
    11. Enders, Zeno & Hünnekes, Franziska & Müller, Gernot J., 2019. "Monetary policy announcements and expectations: Evidence from german firms," Journal of Monetary Economics, Elsevier, vol. 108(C), pages 45-63.
    12. Bachmann, Rüdiger, 2019. "Comments on “Monetary policy announcements and expectations: Evidence from German firms”," Journal of Monetary Economics, Elsevier, vol. 108(C), pages 64-68.
    13. Efrem Castelnuovo & Giovanni Pellegrino, 2018. "Uncertainty-dependent Effects of Monetary Policy Shocks: A New Keynesian Interpretation," Melbourne Institute Working Paper Series wp2018n02, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
    14. Balleer, Almut & Hristov, Nikolay & Menno, Dominik, 2020. "Menu costs, the price gap distribution and monetary non-neutrality: The role of financial constraints," CEPR Discussion Papers 11790, C.E.P.R. Discussion Papers.
    15. Kamalyan, Hayk, 2021. "The State-Dependent Effects of Monetary Policy," MPRA Paper 107489, University Library of Munich, Germany.
    16. Ambrocio, Gene, 2020. "Inflationary household uncertainty shocks," Bank of Finland Research Discussion Papers 5/2020, Bank of Finland.
    17. D'Acunto, Francesco & Weber, Michael & Yang, Shuyao, 2017. "Manpower Constraints and Corporate Policies," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168109, Verein für Socialpolitik / German Economic Association.
    18. Javier Turén, 2019. "Rational Inattention-driven dispersion with volatility shocks," Documentos de Trabajo 530, Instituto de Economia. Pontificia Universidad Católica de Chile..
    19. Felix Leiss & Stefan Sauer & Klaus Wohlrabe, 2025. "Questions, Measures, and Meaning: Interpreting Indicators from the ifo Business Survey," CESifo Working Paper Series 12094, CESifo.
    20. Balleer, Almut & Link, Sebastian & Menkhoff, Manuel & Zorn, Peter, 2020. "Demand or Supply? Price Adjustment during the COVID-19 Pandemic," IZA Discussion Papers 13568, Institute of Labor Economics (IZA).
    21. Christian Grimme, 2017. "Messung der Unternehmensunsicherheit in Deutschland – das ifo Streuungsmaß," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(15), pages 19-25, August.
    22. Berg Tim Oliver, 2015. "Time Varying Fiscal Multipliers in Germany," Review of Economics, De Gruyter, vol. 66(1), pages 13-46, April.
    23. Ma, Xiaohan & Samaniego, Roberto, 2019. "Deconstructing uncertainty," European Economic Review, Elsevier, vol. 119(C), pages 22-41.
    24. Khalil, Makram & Lewis, Vivien, 2024. "Product turnover and endogenous price flexibility in uncertain times," CEPR Discussion Papers 18941, C.E.P.R. Discussion Papers.
    25. Nöller, Marvin & Balleer, Almut, 2023. "Monetary Policy in the Presence of Supply Constraints: Evidence from German Firm-level Data," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277638, Verein für Socialpolitik / German Economic Association.
    26. Andrés Blanco & Isaac Baley, 2016. "Menu Costs, Uncertainty Cycles, and the Propagation of Nominal Shocks," Working Papers 918, Barcelona School of Economics.
    27. Rünstler, Gerhard & Bräuer, Leonie, 2020. "Monetary policy transmission over the leverage cycle: evidence for the euro area," Working Paper Series 2421, European Central Bank.
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    42. Gautier, Erwan & Karadi, Peter & Conflitti, Cristina & Fabo, Brian & Fadejeva, Ludmila & Fuss, Catherine & Kosma, Theodora & Jouvanceau, Valentin & Martins, Fernando & Menz, Jan-Oliver & Messner, Tere, 2023. "Price adjustment in the euro area in the low-inflation period: evidence from consumer and producer micro price data," Occasional Paper Series 319, European Central Bank.
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    1. Hory, Marie-Pierre & Levieuge, Grégory & Onori, Daria, 2023. "The fiscal multiplier when debt is denominated in foreign currency," International Economics, Elsevier, vol. 176(C).
    2. Mario Forni & Luca Gambetti, 2014. "Government Spending Shocks in Open Economy VARs," Center for Economic Research (RECent) 105, University of Modena and Reggio E., Dept. of Economics "Marco Biagi".
    3. Cardi, Olivier & Restout, Romain, 2023. "Sectoral fiscal multipliers and technology in open economy," Journal of International Economics, Elsevier, vol. 144(C).
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    5. Wollmershäuser, Timo & Hristov, Nikolay & Hülsewig, Oliver, 2013. "The Interest Rate Pass-Through in the Euro Area During the Global Financial Crisis," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79976, Verein für Socialpolitik / German Economic Association.
    6. Frangiamore, Francesco & Matarrese, Marco Maria, 2025. "Government spending multipliers and financial fragility in Italy," Economic Modelling, Elsevier, vol. 145(C).
    7. Mankart, Jochen & Priftis, Romanos & Oikonomou, Rigas, 2024. "The long and short of financing government spending," VfS Annual Conference 2024 (Berlin): Upcoming Labor Market Challenges 302414, Verein für Socialpolitik / German Economic Association.
    8. Désirée I Christofzik & Steffen Elstner, 2021. "International spillover effects of U.S. tax reforms: evidence from Germany," Oxford Economic Papers, Oxford University Press, vol. 73(2), pages 578-600.
    9. Olivier CARDI & Peter CLAEYS & Romain RESTOUT, 2017. "Imperfect mobility of labor across sectors and fiscal transmission," LIDAM Discussion Papers IRES 2017015, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
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    42. Hur, Joonyoung & Rhee, Wooheon, 2020. "Multipliers of expected vs. unexpected fiscal shocks: The case of Korea," Economic Modelling, Elsevier, vol. 85(C), pages 244-254.
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    45. Varun Chotia, 2019. "The Impact Of Fiscal Consolidation And Economic Growth On Debt: Evidence From India," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 64(222), pages 63-80, July – Se.
    46. Ionel LEONIDA, 2019. "Influences Of Institutional Factors On The Dimension Of Fiscal And Budgetary Multipliers In Romania For The Period 2006 – 2017," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(3), pages 47-53.
    47. D. Bonam & J.H.J. Lukkezen, 2014. "Government spending shocks, sovereign risk and the exchange rate regime," Working Papers 14-01, Utrecht School of Economics.
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    49. Ianc, Nicolae-Bogdan & Turcu, Camelia, 2020. "So alike, yet so different: Comparing fiscal multipliers across EU members and candidates," Economic Modelling, Elsevier, vol. 93(C), pages 278-298.
    50. Sonya Georgieva, 2021. "Fiscal Multipliers in Bulgaria and Central and Eastern Europe Countries," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 131-167.
    51. Marie-Pierre HORY & Grégory LEVIEUGE & Daria ONORI, 2018. "The (low) fiscal multiplier when debt is denominated in foreign currency," LEO Working Papers / DR LEO 2583, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
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    54. Océane Blomme & Jérôme Héricourt, 2023. "Inequality, Current Account Imbalances and Middle Incomes," Working Papers 2023-11, CEPII research center.
    55. Kolasa, Marcin & Laséen, Stefan & Lindé, Jesper, 2025. "Unconventional Monetary Policies in Small Open Economies," Working Paper Series 450, Sveriges Riksbank (Central Bank of Sweden).
    56. Daniel Stodt, 2025. "Non-Linearity of Government Spending Multiplier: The Case of a Small Open Economy," Working Papers 2025/3, Czech National Bank, Research and Statistics Department.
    57. Siming Liu, 2018. "Government Spending during Sudden Stop Crises," CAEPR Working Papers 2018-002, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    58. Ferrara, Laurent & Metelli, Luca & Natoli, Filippo & Siena, Daniele, 2021. "Questioning the puzzle: Fiscal policy, real exchange rate and inflation," Journal of International Economics, Elsevier, vol. 133(C).
    59. António Afonso & Florence Huart & João Tovar Jalles & Piotr Stanek, 2018. "Twin Deficits Revisited: a role for fiscal institutions?," Working Papers REM 2018/31, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
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    63. António Afonso & Frederico Silva Leal, 2022. "Fiscal episodes in the Economic and Monetary Union: Elasticities and non‐Keynesian effects," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(1), pages 571-593, January.
    64. Chowdhury, Mohammad Tarequl Hasan & Bhattacharya, Prasad Sankar & Mallick, Debdulal & Ulubaşoğlu, Mehmet Ali, 2016. "Exchange rate regimes and fiscal discipline: The role of trade openness," International Review of Economics & Finance, Elsevier, vol. 45(C), pages 106-128.
    65. Vivien Lewis & Roland Winkler, 2015. "Fiscal policy and business formation in open economies," Working Papers of Department of Economics, Leuven 504890, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    66. Stefano Grassi & Marco Lorusso & Francesco Ravazzolo, 2021. "Adaptive Importance Sampling for DSGE Models," BEMPS - Bozen Economics & Management Paper Series BEMPS84, Faculty of Economics and Management at the Free University of Bozen.
    67. Michael B. Devereux, 2018. "International Fiscal Spillovers: A Review Essay," Korean Economic Review, Korean Economic Association, vol. 34, pages 29-50.
    68. Andrea Boitani & Salvatore Perdichizzi & Chiara Punzo, 2020. "Nonlinearities and expenditure multipliers in the Eurozone," DISCE - Working Papers del Dipartimento di Economia e Finanza def089, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    69. Jorge Pablo Puig & Martin Ardanaz & Eduardo Cavallo & Alejandro Izquierdo, 2021. "Output effects of fiscal consolidations: does spending composition matter?," Asociación Argentina de Economía Política: Working Papers 4507, Asociación Argentina de Economía Política.
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    72. Theodore Chatziapostolou & Nikolina Kosteletou, 2023. "A VAR model for Fiscal Multipliers and the Future of Fiscal Policy in European Monetary Union," Bulletin of Applied Economics, Risk Market Journals, vol. 10(2), pages 1-15.
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  24. Born, Benjamin & Peter, Alexandra & Pfeifer, Johannes, 2011. "Fiscal News and Macroeconomic Volatility," Bonn Econ Discussion Papers 08/2011, University of Bonn, Bonn Graduate School of Economics (BGSE).

    Cited by:

    1. Dennis Wesselbaum, 2019. "Expectation shocks and fiscal rules," International Economics and Economic Policy, Springer, vol. 16(2), pages 357-377, April.
    2. Paul Beaudry & Franck Portier, 2014. "News Driven Business Cycles: Insights and Challenges," 2014 Meeting Papers 289, Society for Economic Dynamics.
    3. Hylton Hollander, 2024. "Debt-financed fiscal stimulus in South Africa," Studies in Economics and Econometrics, Taylor & Francis Journals, vol. 48(1), pages 87-112, January.
    4. Troy Davig & Andrew T. Foerster, 2014. "Uncertainty and fiscal cliffs," Research Working Paper RWP 14-4, Federal Reserve Bank of Kansas City.
    5. Yasuo Hirose & Takushi Kurozumi, 2012. "Identifying News Shocks with Forecast Data," CAMA Working Papers 2012-01, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    6. Robert Dixon & Guay C. Lim, 2018. "Labor'S Share, The Firm'S Market Power, And Total Factor Productivity," Economic Inquiry, Western Economic Association International, vol. 56(4), pages 2058-2076, October.
    7. Kang, Jihye & Kim, Soyoung, 2022. "Government spending news and surprise shocks: It’s the timing and persistence," Journal of Macroeconomics, Elsevier, vol. 73(C).
    8. Ryan Chahrour & Kyle Jurado, 2016. "News or Noise? The Missing Link," Boston College Working Papers in Economics 917, Boston College Department of Economics, revised 02 Nov 2017.
    9. Guido Ascari & Peder Beck-Friis & Anna Florio & Alessandro Gobbi, 2021. "Fiscal foresight and the effects of government spending: It’s all in the monetary-fiscal mix," Discussion Papers 2112, Centre for Macroeconomics (CFM).
    10. Born, Benjamin & Peter, Alexandra & Pfeifer, Johannes, 2013. "Fiscal news and macroeconomic volatility," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2582-2601.
    11. Mertens, Karel, 2015. "Marginal Tax Rates and Income: New Time Series Evidence," CEPR Discussion Papers 10896, C.E.P.R. Discussion Papers.
    12. Laura Veldkamp & Anna Orlik, 2013. "Understanding Uncertainty Shocks," 2013 Meeting Papers 391, Society for Economic Dynamics.
    13. Martha Elena Delgado-Rojas & Hernán Rincón-Castro, 2017. "Incertidumbre acerca de la política fiscal y ciclo económico," Borradores de Economia 1008, Banco de la Republica de Colombia.
    14. Herrera Luis & Vázquez Jesús, 2023. "Interpreting Structural Shocks and Assessing Their Historical Importance," The B.E. Journal of Macroeconomics, De Gruyter, vol. 23(1), pages 375-425, January.
    15. Fève, Patrick & Kass-Hanna, Tannous & Pietrunti, Mario, 2016. "An analytical characterization of noisy fiscal policy," Economics Letters, Elsevier, vol. 148(C), pages 76-79.
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    18. Fengqi Liu & Keqing Liu & Jianpo Xue, 2025. "Habit Formation and News-driven Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 56, April.
    19. Bonam, Dennis & Ciccarelli, Matteo & Gomes, Sandra & Aldama, Pierre & Bańkowski, Krzysztof & Buss, Ginters & da Costa, José Cardoso & Christoffel, Kai & Elfsbacka Schmöller, Michaela & Jacquinot, Pasc, 2024. "Challenges for monetary and fiscal policy interactions in the post-pandemic era," Occasional Paper Series 337, European Central Bank.
    20. Jesús Rodríguez-López & Mario Solís-García, 2018. "Defense spending and fiscal multipliers: it's all in the variance," Working Papers 18.06, Universidad Pablo de Olavide, Department of Economics.
    21. Afrin, Sadia, 2020. "Does oligopolistic banking friction amplify small open economy's business cycles? Evidence from Australia," Economic Modelling, Elsevier, vol. 85(C), pages 119-138.
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  25. Ehrmann, Michael & Fratzscher, Marcel & Born, Benjamin, 2011. "Central bank communication on financial stability," Working Paper Series 1332, European Central Bank.

    Cited by:

    1. Aleš Bulíř & Martin Čihák & David-Jan Jansen, 2013. "What Drives Clarity of Central Bank Communication About Inflation?," Open Economies Review, Springer, vol. 24(1), pages 125-145, February.
    2. Juan Camilo Galvis Ciro & Juan Camilo Anzoategui-Zapata, 2019. "Efectos de los anuncios de política monetaria y la credibilidad sobre las expectativas de inflación: evidencia para Colombia," Apuntes del Cenes, Universidad Pedagógica y Tecnológica de Colombia, vol. 38(67), pages 73-94.
    3. Juan M. Londono & Stijn Claessens & Ricardo Correa, 2024. "Financial Stability Governance and Central Bank Communications," International Journal of Central Banking, International Journal of Central Banking, vol. 20(4), pages 175-220, October.
    4. Güneş Kamber & Özer Karagedikli & Christie Smith, 2015. "Applying an Inflation Targeting Lens to Macroprudential Policy 'Institutions'," Reserve Bank of New Zealand Discussion Paper Series DP2015/04, Reserve Bank of New Zealand.
    5. Niţoi, Mihai & Pochea, Maria-Miruna & Radu, Ştefan-Constantin, 2023. "Unveiling the sentiment behind central bank narratives: A novel deep learning index," Journal of Behavioral and Experimental Finance, Elsevier, vol. 38(C).
    6. Dridi, Ichrak & Boughrara, Adel, 2023. "Flexible inflation targeting and stock market volatility: Evidence from emerging market economies," Economic Modelling, Elsevier, vol. 126(C).
    7. Emna Trabelsi, 2022. "Macroprudential Transparency and Price Stability in Emerging and Developing Countries," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 11(1), pages 105-129.
    8. Nikhil Patel, 2017. "Macroprudential frameworks: communication," BIS Papers chapters, in: Bank for International Settlements (ed.), Macroprudential frameworks, implementation and relationship with other policies, volume 94, pages 49-56, Bank for International Settlements.
    9. Stanislav Hába, 2016. "Verbální intervence ČNB: reaguje devizový kurz na slova bankovní rady? [Czech National Bank Verbal Interventions: Does the Exchange Rate React to Words from CNB Bank Board?]," Politická ekonomie, Prague University of Economics and Business, vol. 2016(4), pages 405-419.
    10. Fraccaroli, Nicolò & Giovannini, Alessandro & Jamet, Jean-Francois & Persson, Eric, 2022. "Ideology and monetary policy: the role of political parties’ stances in the ECB’s parliamentary hearings," Working Paper Series 2655, European Central Bank.
    11. Ricardo Correa & Keshav Garud & Juan M Londono & Nathan Mislang, 2021. "Sentiment in Central Banks’ Financial Stability Reports," Review of Finance, European Finance Association, vol. 25(1), pages 85-120.
    12. Yoshito Funashima, 2022. "Economic policy uncertainty and unconventional monetary policy," Manchester School, University of Manchester, vol. 90(3), pages 278-292, June.
    13. Hans DEWACHTER & Deniz ERDEMLIOGLU & Jean-Yves GNABO & Christelle LECOURT, 2013. "The intra-day impact of communication on euro-dollar volatility and jumps," Working Papers of Department of Economics, Leuven ces13.04, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    14. Mr. Aleš Bulíř & Mr. David-Jan Jansen & Mr. Martin Cihak, 2012. "Clarity of Central Bank Communication About Inflation," IMF Working Papers 2012/009, International Monetary Fund.
    15. Wildmer Daniel Gregori & Wildmer Agnese Sacchi, 2016. "Has the Grexit news spilled over into euro area financial markets? The role of domestic political leaders, supranational executives and institutions," Mo.Fi.R. Working Papers 134, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    16. Ellis, Scott & Sharma, Satish & Brzeszczyński, Janusz, 2022. "Systemic risk measures and regulatory challenges," Journal of Financial Stability, Elsevier, vol. 61(C).
    17. Moreno Bernal, Ángel Iván & Pedraz, Carlos González, 2024. "Sentiment analysis of the Spanish financial stability Report," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 913-939.
    18. Hüning, Hendrik, 2020. "Swiss National Bank communication and investors’ uncertainty," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).
    19. Peter Sarlin, 2014. "Macroprudential oversight, risk communication and visualization," Papers 1404.4550, arXiv.org, revised Jun 2014.
    20. Pavel Gertler & Roman Horváth & Júlia Jonášová, 2020. "Central Bank Communication and Financial Market Comovements in the Euro Area," Open Economies Review, Springer, vol. 31(2), pages 257-272, April.
    21. Fraccaroli, Nicolò & Giovannini, Alessandro & Jamet, Jean-Francois, 2020. "Central banks in parliaments: a text analysis of the parliamentary hearings of the Bank of England, the European Central Bank and the Federal Reserve," Working Paper Series 2442, European Central Bank.
    22. Gregori, Wildmer Daniel & Sacchi, Agnese, 2019. "Has the Grexit news affected euro area financial markets?," The North American Journal of Economics and Finance, Elsevier, vol. 49(C), pages 71-84.
    23. Marcel Fratzscher & Oliver Gloede & Lukas Menkhoff & Lucio Sarno & Tobias Stöhr, 2019. "When Is Foreign Exchange Intervention Effective? Evidence from 33 Countries," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(1), pages 132-156, January.
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    32. Ademmer, Martin & Beckmann, Joscha & Bode, Eckhardt & Boysen-Hogrefe, Jens & Funke, Manuel & Hauber, Philipp & Heidland, Tobias & Hinz, Julian & Jannsen, Nils & Kooths, Stefan & Söder, Mareike & Stame, 2021. "Big Data in der makroökonomischen Analyse," Kieler Beiträge zur Wirtschaftspolitik 32, Kiel Institute for the World Economy (IfW Kiel).
    33. Sami Diaf & Jörg Döpke & Ulrich Fritsche & Ida Rockenbach, 2020. "Sharks and minnows in a shoal of words: Measuring latent ideological positions of German economic research institutes based on text mining techniques," Macroeconomics and Finance Series 202001, University of Hamburg, Department of Socioeconomics.
    34. Emna Trabelsi, 2019. "Do independence and transparency matter for bank development? A new lookup on emerging and developing countries," Post-Print hal-02162780, HAL.
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    36. Aabid Karim & Heman Das Lohano, 2024. "Sentiment Analysis of State Bank of Pakistan's Monetary Policy Documents and its Impact on Stock Market," Papers 2408.03328, arXiv.org.
    37. Pierre L. Siklos, 2013. "The Global Financial Crisis and the Language of Central Banking: Central Bank Guidance in Good Times and in Bad," CAMA Working Papers 2013-58, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    38. Voloshchenko-Holda Lada & Niedziółka Paweł, 2024. "Central bank communication in unconventional times: Some evidence from a textual analysis of the National Bank of Poland communication during the COVID-crisis," Economics and Business Review, Sciendo, vol. 10(1), pages 101-124, April.
    39. Ms. Ghada Fayad & Chengyu Huang & Yoko Shibuya & Peng Zhao, 2020. "How Do Member Countries Receive IMF Policy Advice: Results from a State-of-the-art Sentiment Index," IMF Working Papers 2020/007, International Monetary Fund.
    40. Ayadi, Mohamed A. & Ben Omrane, Walid & Wang, Jiayu & Welch, Robert, 2022. "Senior official speech attributes and foreign exchange risk around business cycles," International Review of Financial Analysis, Elsevier, vol. 80(C).
    41. Hüning, Hendrik, 2016. "Asset market response to monetary policy news from SNB press releases," HWWI Research Papers 177, Hamburg Institute of International Economics (HWWI).
    42. Thiago Christiano Silva & Kei Moriya & Mr. Romain M Veyrune, 2025. "From Text to Quantified Insights: A Large-Scale LLM Analysis of Central Bank Communication," IMF Working Papers 2025/109, International Monetary Fund.
    43. Fraccaroli, Nicolò & Giovannini, Alessandro & Jamet, Jean-François & Persson, Eric, 2022. "Ideology and monetary policy. The role of political parties’ stances in the European Central Bank’s parliamentary hearings," European Journal of Political Economy, Elsevier, vol. 74(C).
    44. Murat Uysal, 2017. "Financial stability and macroprudential policy in Turkey," BIS Papers chapters, in: Bank for International Settlements (ed.), Macroprudential policy frameworks, implementation and relationships with other policies, volume 94, pages 349-364, Bank for International Settlements.
    45. Gómez-Cram, Roberto & Grotteria, Marco, 2022. "Real-time price discovery via verbal communication: Method and application to Fedspeak," Journal of Financial Economics, Elsevier, vol. 143(3), pages 993-1025.
    46. Youngjoon Lee & Soohyon Kim & Ki Young Park, 2018. "Deciphering Monetary Policy Committee Minutes with Text Mining Approach: A Case of South Korea," Working papers 2018rwp-132, Yonsei University, Yonsei Economics Research Institute.
    47. Korhonen, Iikka & Newby, Elisa, 2019. "Mastering Central Bank Communication Challenges via Twitter," BoF Economics Review 7/2019, Bank of Finland.
    48. Cheng Hoon Lim & Alexander D. Klemm & Sumiko Ogawa & Marco Pani & Claudio Visconti, 2019. "Financial Stability Reports in Latin America and the Caribbean," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 1(11), pages 46-78, January.
    49. Ignacio Hernando & Jimena Llopis & Javier Vallés, 2012. "Los retos para la política económica en un entorno de tasas de interés próxima a cero," Boletín, CEMLA, vol. 0(3), pages 121-151, julio-sep.
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    52. Omotosho, Babatunde S., 2020. "Central Bank Communication during Economic Recessions: Evidence from Nigeria," MPRA Paper 99655, University Library of Munich, Germany.
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    56. Jang, Hyeonung & Seo, Byoung Ki, 2022. "Transmission of central bank communication to emerging economies: Evidence from the Korean stock market," Emerging Markets Review, Elsevier, vol. 52(C).
    57. Alessi, Lucia & Detken, Carsten, 2018. "Identifying excessive credit growth and leverage," Journal of Financial Stability, Elsevier, vol. 35(C), pages 215-225.
    58. Donato Masciandaro & Davide Romelli & Gaia Rubera, 2020. "Tweeting on Monetary Policy and Market Sentiments: The Central Bank Surprise Index," BAFFI CAREFIN Working Papers 20134, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    59. Renaud Beaupain & Alexandre Girard, 2020. "The value of understanding central bank communication," Post-Print hal-02509297, HAL.
    60. Beutel, Johannes & Metiu, Norbert & Stockerl, Valentin, 2021. "Toothless tiger with claws? Financial stability communication, expectations, and risk-taking," Discussion Papers 05/2021, Deutsche Bundesbank.
    61. Istrefi, Klodiana & Odendahl, Florens & Sestieri, Giulia, 2023. "Fed communication on financial stability concerns and monetary policy decisions: Revelations from speeches," Journal of Banking & Finance, Elsevier, vol. 151(C).
    62. Stefan Collignon & Sebastian Diessner, 2016. "The ECB's Monetary Dialogue with the European Parliament: Efficiency and Accountability during the Euro Crisis?," Journal of Common Market Studies, Wiley Blackwell, vol. 54(6), pages 1296-1312, November.
    63. Sarlin, Peter, 2016. "Macroprudential oversight, risk communication and visualization," Journal of Financial Stability, Elsevier, vol. 27(C), pages 160-179.
    64. Kurowski, Łukasz & Smaga, Paweł, 2023. "Analysing financial stability reports as crisis predictors with the use of text-mining," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
    65. Hamdi Jbir, 2024. "Financial stability communication: the case of the Bank of England practices," Economics Bulletin, AccessEcon, vol. 44(4), pages 1500-1512.
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    67. Parle, Conor, 2022. "The financial market impact of ECB monetary policy press conferences — A text based approach," European Journal of Political Economy, Elsevier, vol. 74(C).
    68. Tim Munday & James Brookes, 2021. "Mark my words: the transmission of central bank communication to the general public via the print media," Bank of England working papers 944, Bank of England.
    69. Tavares, José & Sazedj, Sharmin, 2011. "Hope, Change, and Financial Markets: Can Obama's Words Drive the Market?," CEPR Discussion Papers 8713, C.E.P.R. Discussion Papers.
    70. Pavel Gertler & Roman Horvath, 2017. "Market Reading of Central Bankers Words. A High-Frequency Evidence," Working and Discussion Papers WP 2/2017, Research Department, National Bank of Slovakia.
    71. Dimitrios Kanelis & Pierre L. Siklos, 2025. "The ECB press conference statement: deriving a new sentiment indicator for the euro area," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(1), pages 652-664, January.
    72. Shantanu Banerjee & Paul Cordova & Michiel De Pooter & Olesya V. Grishchenko, 2025. "Gauging the Sentiment of Federal Open Market Committee Communications through the Eyes of the Financial Press," Finance and Economics Discussion Series 2025-048, Board of Governors of the Federal Reserve System (U.S.).
    73. Fadda, Pietro & Hanifi, Rayane & Istrefi, Klodiana & Penalver, Adrian, 2022. "Central Bank Communication of Uncertainty," CEPR Discussion Papers 17728, C.E.P.R. Discussion Papers.
    74. Araujo, Luiz Nelson, 2016. "Dissemination of Information by the Federal Reserve System: An Overview and Benchmark," MPRA Paper 73185, University Library of Munich, Germany.
    75. Donato Masciandaro & Davide Romelli & Gaia Rubera, 2023. "Monetary policy and financial markets: evidence from Twitter traffic," Trinity Economics Papers TEP1023, Trinity College Dublin, Department of Economics.
    76. Ruman, Asif M., 2023. "A Comparative Textual Study of FOMC Transcripts Through Inflation Peaks," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 87(C).
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    78. Diaf, Sami & Döpke, Jörg & Fritsche, Ulrich & Rockenbach, Ida, 2022. "Sharks and minnows in a shoal of words: Measuring latent ideological positions based on text mining techniques," European Journal of Political Economy, Elsevier, vol. 75(C).
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    83. Stolbov, Mikhail & Shchepeleva, Maria & Karminsky, Alexander, 2022. "When central bank research meets Google search: A sentiment index of global financial stress," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).
    84. Hamdi Jbir, 2025. "Does financial stability communication affect financial asset prices? Evidence from the Bank of England's communication experiment," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 30(2), pages 1831-1855, April.
    85. Bholat, David & Broughton, Nida & Ter Meer, Janna & Walczak, Eryk, 2019. "Enhancing central bank communications using simple and relatable information," Journal of Monetary Economics, Elsevier, vol. 108(C), pages 1-15.
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  26. Ehrmann, Michael & Fratzscher, Marcel & Born, Benjamin, 2010. "Macroprudential policy and central bank communication," CEPR Discussion Papers 8094, C.E.P.R. Discussion Papers.

    Cited by:

    1. Roman Horváth & Dan Vaško, 2013. "Central Bank Transparency and Financial Stability: Measurement, Determinants and Effects," FIW Working Paper series 113, FIW.
    2. Levy, Daniel & Mayer, Tamir & Raviv, Alon, 2020. "Academic Scholarship in Light of the 2008 Financial Crisis: Textual Analysis of NBER Working Papers," EconStor Preprints 214194, ZBW - Leibniz Information Centre for Economics.
    3. Benjamin Born & Michael Ehrmann & Marcel Fratzscher, 2011. "How Should Central Banks Deal with a Financial Stability Objective? The Evolving Role of Communication as a Policy Instrument," Chapters, in: Sylvester Eijffinger & Donato Masciandaro (ed.), Handbook of Central Banking, Financial Regulation and Supervision, chapter 9, Edward Elgar Publishing.
    4. Velauthapillai, Jeyakrishna, 2015. "Makroprudenzielle Regulierung – eine kurze Einführung und ein Überblick," EconStor Preprints 116781, ZBW - Leibniz Information Centre for Economics.
    5. Daniel Levy & Tamir Mayer & Alon Raviv, 2022. "Economists in the 2008 Financial Crisis: Slow to See, Fast to Act," Working Paper series 22-04, Rimini Centre for Economic Analysis.
    6. Emna Trabelsi, 2019. "Do independence and transparency matter for bank development? A new lookup on emerging and developing countries," Post-Print hal-02162780, HAL.
    7. Pierre L. Siklos, 2013. "The Global Financial Crisis and the Language of Central Banking: Central Bank Guidance in Good Times and in Bad," CAMA Working Papers 2013-58, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    8. Dietrich Domanski & Tim Ng, 2011. "Getting effective macroprudential policy on the road: eight propositions," BIS Papers chapters, in: Bank for International Settlements (ed.), Macroprudential regulation and policy, volume 60, pages 89-96, Bank for International Settlements.
    9. Donato Masciandaro & Davide Romelli & Gaia Rubera, 2020. "Tweeting on Monetary Policy and Market Sentiments: The Central Bank Surprise Index," BAFFI CAREFIN Working Papers 20134, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    10. Ehrmann, Michael & Fratzscher, Marcel & Born, Benjamin, 2010. "Macroprudential policy and central bank communication," CEPR Discussion Papers 8094, C.E.P.R. Discussion Papers.
    11. Donato Masciandaro & Davide Romelli & Gaia Rubera, 2023. "Monetary policy and financial markets: evidence from Twitter traffic," Trinity Economics Papers TEP1023, Trinity College Dublin, Department of Economics.
    12. David VanHoose, 2011. "Systemic Risk and Macroprudential Bank Regulation: A Critical Appraisal," Journal of Financial Transformation, Capco Institute, vol. 33, pages 45-60.
    13. János Kálmán, 2016. "Bank resolution as a new MNB function – resolution of MKB BankAdministrative law aspects of the macroprudential regulation and supervision of the financial intermediary system – normativity, organisat," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 15(3), pages 27-50.

  27. Born, Benjamin & Breitung, Jörg, 2009. "Simple Regression Based Tests for Spatial Dependence," Bonn Econ Discussion Papers 23/2009, University of Bonn, Bonn Graduate School of Economics (BGSE).

    Cited by:

    1. Pennerstorfer, Astrid & Pennerstorfer, Dieter, 2019. "How small are small markets? Local market size for child care services," Regional Science and Urban Economics, Elsevier, vol. 77(C), pages 340-355.
    2. Zhenlin Yang, 2018. "Bootstrap LM tests for higher-order spatial effects in spatial linear regression models," Empirical Economics, Springer, vol. 55(1), pages 35-68, August.
    3. Bera Anil K. & Doğan Osman & Taşpınar Süleyman, 2019. "Testing Spatial Dependence in Spatial Models with Endogenous Weights Matrices," Journal of Econometric Methods, De Gruyter, vol. 8(1), pages 1-33, January.
    4. Badi H. Baltagi & Long Liu, 2015. "Testing for Spacial Lag and Spatial Error Dependence in a Fixed Effects Panel Data Model Using Double Length Artificial Regressions," Center for Policy Research Working Papers 183, Center for Policy Research, Maxwell School, Syracuse University.
    5. Berg, Tobias & Reisinger, Markus & Streitz, Daniel, 2021. "Spillover effects in empirical corporate finance," Journal of Financial Economics, Elsevier, vol. 142(3), pages 1109-1127.
    6. Riza Bayrak, Halim Tatli, 2018. "The Determinants of Youth Unemployment: A Panel Data Analysis of OECD Countries," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 15(2), pages 231-248, December.
    7. Richard Harris & John Moffat & Victoria Kravtsova, 2011. "In Search of ‘ W ’," Spatial Economic Analysis, Taylor & Francis Journals, vol. 6(3), pages 249-270, February.
    8. Ming He & Kuan-Pin Lin, 2015. "Testing in a Random Effects Panel Data Model with Spatially Correlated Error Components and Spatially Lagged Dependent Variables," Econometrics, MDPI, vol. 3(4), pages 1-36, November.
    9. Jin, Fei & Lee, Lung-fei, 2018. "Outer-product-of-gradients tests for spatial autoregressive models," Regional Science and Urban Economics, Elsevier, vol. 72(C), pages 35-57.
    10. Julie Le Gallo & Fernando A. López & Coro Chasco, 2020. "Testing for spatial group-wise heteroskedasticity in spatial autocorrelation regression models: Lagrange multiplier scan tests," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 64(2), pages 287-312, April.
    11. Liu, Xiaodong & Prucha, Ingmar R., 2025. "On testing for spatial or social network dependence in panel data allowing for network variability," Journal of Econometrics, Elsevier, vol. 247(C).
    12. Debarsy, Nicolas & Yang, Zhenlin, 2018. "Editorial for the special issue entitled: New advances in spatial econometrics: Interactions matter," Regional Science and Urban Economics, Elsevier, vol. 72(C), pages 1-5.
    13. Bhattacharjee, Arnab & de Castro, Eduardo Anselmo & Marques, João Lourenço, 2011. "Spatial Interactions in Hedonic Pricing Models: The Urban Housing Market of Aveiro, Portugal," SIRE Discussion Papers 2011-45, Scottish Institute for Research in Economics (SIRE).
    14. Tim Kutzker & Dominik Wied, 2024. "Testing the correct specification of a system of spatial dependence models for stock returns," Empirical Economics, Springer, vol. 66(5), pages 2083-2103, May.
    15. Astrid Pennerstorfer & Dieter Pennerstorfer, 2018. "How Small are Small Markets? Location Choice and Geographical Market Size for Child Care Services," Economics working papers 2018-14, Department of Economics, Johannes Kepler University Linz, Austria.
    16. Zipeng Chen & Yongqiang Liu & Shuangshuang Tu, 2022. "Comprehensive Eco-Environmental Effects Caused by Land Use Transition from the Perspective of Production–Living–Ecological Spaces in a Typical Region: A Case Study of the Guangxi Zhuang Autonomous Reg," Land, MDPI, vol. 11(12), pages 1-22, November.
    17. Badi H. Baltagi & Zhenlin Yang, 2013. "Heteroskedasticity and Non-normality Robust LM Tests for Spatial Dependence," Center for Policy Research Working Papers 156, Center for Policy Research, Maxwell School, Syracuse University.
    18. He, Ming & Lin, Kuan-Pin, 2015. "Testing spatial effects and random effects in a nested panel data model," Economics Letters, Elsevier, vol. 135(C), pages 85-91.
    19. Arnab Bhattacharjee & Chris Jensen-Butler, 2011. "Estimation of the Spatial Weights Matrix under Structural Constraints," Dundee Discussion Papers in Economics 254, Economic Studies, University of Dundee.
    20. Liu, Xiaodong & Prucha, Ingmar R., 2018. "A robust test for network generated dependence," Journal of Econometrics, Elsevier, vol. 207(1), pages 92-113.
    21. Zhenlin Yang, 2013. "LM Tests of Spatial Dependence Based on Bootstrap Critical Values," Working Papers 03-2013, Singapore Management University, School of Economics.
    22. Yang, Zhenlin, 2015. "LM tests of spatial dependence based on bootstrap critical values," Journal of Econometrics, Elsevier, vol. 185(1), pages 33-59.
    23. Badi H. Baltagi & Zhenlin Yang, 2010. "Standardized LM Tests for Spatial Error Dependence in Linear or Panel Regressions," Working Papers 11-2010, Singapore Management University, School of Economics.
    24. Badi H. Baltagi & Junjie Shu, 2024. "A Survey of Spatial Unit Roots," Mathematics, MDPI, vol. 12(7), pages 1-32, March.
    25. Deng, Mingyu & Wang, Mingxi, 2022. "Artificial regression test diagnostics for impact measures in spatial models," Economics Letters, Elsevier, vol. 217(C).

  28. Born, Benjamin & Müller, Gernot J., 2009. "Government Spending Shocks in Quarterly and Annual U.S. Time-Series," Bonn Econ Discussion Papers 16/2009, University of Bonn, Bonn Graduate School of Economics (BGSE).

    Cited by:

    1. Equiza-Goni, J. & Faraglia, E. & Oikonomou, R., 2018. "Union Debt Management," Cambridge Working Papers in Economics 1890, Faculty of Economics, University of Cambridge.
    2. Makin, Anthony J. & Ratnasiri, Shyama, 2015. "Competitiveness and government expenditure: The Australian example," Economic Modelling, Elsevier, vol. 49(C), pages 154-161.
    3. Deleidi, Matteo & Iafrate, Francesca & Levrero, Enrico Sergio, 2020. "Public investment fiscal multipliers: An empirical assessment for European countries," Structural Change and Economic Dynamics, Elsevier, vol. 52(C), pages 354-365.
    4. Piotr Ciżkowicz & Andrzej Rzońca & Rafał Trzeciakowski, 2015. "Membership in the Euro area and fiscal sustainability - Analysis through panel fiscal reaction functions," a/ Working Papers Series 1501, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
    5. Matteo Deleidi & Davide Romaniello & Francesca Tosi, 2021. "Quantifying fiscal multipliers in Italy: A Panel SVAR analysis using regional data," Papers in Regional Science, Wiley Blackwell, vol. 100(5), pages 1158-1177, October.
    6. Olivier CARDI & Peter CLAEYS & Romain RESTOUT, 2017. "Imperfect mobility of labor across sectors and fiscal transmission," LIDAM Discussion Papers IRES 2017015, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    7. Nicolas-Guillaume Martineau & Gregor W. Smith, 2014. "Identifying Fiscal Policy (in)effectiveness From The Differential Counter-cyclicality Of Government Spending In The Interwar Period," Working Paper 1290, Economics Department, Queen's University.
    8. Konstantinou, Panagiotis Th. & Partheniou, Andromachi, 2021. "The Effects of Government Spending Over the Business Cycle: A Disaggregated Analysis for OECD and Non-OECD Countries," The Quarterly Review of Economics and Finance, Elsevier, vol. 80(C), pages 809-822.
    9. Born, Benjamin & Bayer, Christian & Luetticke, Ralph, 2020. "The Liquidity Channel of Fiscal Policy," CEPR Discussion Papers 14883, C.E.P.R. Discussion Papers.
    10. Berg, Tim Oliver, 2019. "Business Uncertainty And The Effectiveness Of Fiscal Policy In Germany," Macroeconomic Dynamics, Cambridge University Press, vol. 23(4), pages 1442-1470, June.
    11. Panagiotis Th. Konstantinou & Andromachi Partheniou & Athanasios Tagkalakis, 2025. "A Functional Classification Analysis of Government Spending Multipliers," Open Economies Review, Springer, vol. 36(4), pages 1157-1192, September.
    12. Pablo Hernández de Cos & Enrique Moral-Benito, 2013. "Fiscal multipliers in turbulent times: the case of Spain," Working Papers 1309, Banco de España.
    13. Juessen, Falko & Linnemann, Ludger, 2012. "Markups and fiscal transmission in a panel of OECD countries," Journal of Macroeconomics, Elsevier, vol. 34(3), pages 674-686.
    14. Carvelli, Gianni, 2024. "The dynamic effects of public investments on private capital formation: Modelling a heterogeneous asymmetric cointegration with unobserved global factors," International Economics, Elsevier, vol. 177(C).
    15. Borys, Paweł & Ciżkowicz, Piotr & Rzońca, Andrzej, 2011. "Panel data evidence on non-Keynesian efects of fiscal policy in the EU New Member," MPRA Paper 32696, University Library of Munich, Germany.
    16. Syed Kamran Abbas NAQVI* & Syed Faizan IFTIKHAR** & Asghar ALI**, 2019. "The Value of Fiscal Multiplier and Economic Characteristics of Countries," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 29(2), pages 291-311.
    17. A. S. Benetrix & P. R. Lane, 2013. "Fiscal Shocks and the Real Exchange Rate," International Journal of Central Banking, International Journal of Central Banking, vol. 9(3), pages 6-37, September.
    18. Giancarlo Corsetti & André Meier & Gernot J. Müller, 2012. "What determines government spending multipliers? [Mafia and public spending: Evidence of the fiscal multiplier from a quasi-experiment’, mimeo]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 27(72), pages 521-565.
    19. Robert C. M. Beyer & Lazar Milivojevic, 2021. "Fiscal policy and economic activity in South Asia," Review of Development Economics, Wiley Blackwell, vol. 25(1), pages 340-358, February.
    20. Berg Tim Oliver, 2015. "Time Varying Fiscal Multipliers in Germany," Review of Economics, De Gruyter, vol. 66(1), pages 13-46, April.
    21. Amat Adarov & Ugo Panizza, 2024. "Public Investment Quality and its Implications for Sovereign Risk and Debt Sustainability," IHEID Working Papers 12-2024, Economics Section, The Graduate Institute of International Studies.
    22. Proebsting, Christian, 2022. "Market segmentation and spending multipliers," Journal of Monetary Economics, Elsevier, vol. 128(C), pages 1-19.
    23. Mr. Tidiane Kinda & Andras Lengyel & Kaustubh Chahande, 2022. "Fiscal Multipliers During Pandemics," IMF Working Papers 2022/149, International Monetary Fund.
    24. Gabriel Temesgen Woldu & Izabella Szakálné Kanó, 2023. "Fiscal multipliers and structural economic characteristics: Evidence from countries in sub‐Saharan Africa," The World Economy, Wiley Blackwell, vol. 46(8), pages 2335-2360, August.
    25. Nicolas Carnot & Francisco de Castro, 2015. "The Discretionary Fiscal Effort: An Assessment of Fiscal Policy and Its Output Effect," Hacienda Pública Española / Review of Public Economics, IEF, vol. 215(4), pages 63-94, December.
    26. Klein, Mathias & Winkler, Roland, 2018. "The Government Spending Multiplier at the Zero Lower Bound: International Evidence from Historical Data," VfS Annual Conference 2018 (Freiburg, Breisgau): Digital Economy 181524, Verein für Socialpolitik / German Economic Association.
    27. Latifi, Albina & Naboka-Krell, Viktoriia & Tillmann, Peter & Winker, Peter, 2024. "Fiscal policy in the Bundestag: Textual analysis and macroeconomic effects," European Economic Review, Elsevier, vol. 168(C).
    28. Born, Benjamin & Müller, Gernot & Pfeifer, Johannes, 2014. "Does austerity pay off?," VfS Annual Conference 2014 (Hamburg): Evidence-based Economic Policy 100301, Verein für Socialpolitik / German Economic Association.
    29. Nickel, Christiane & Tudyka, Andreas, 2013. "Fiscal stimulus in times of high debt: reconsidering multipliers and twin deficits," Working Paper Series 1513, European Central Bank.
    30. Matthias Uhl, 2014. "State Fiscal Policies and Regional Economic Activity," MAGKS Papers on Economics 201446, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    31. Dragomirescu-Gaina, Catalin & Philippas, Dionisis, 2015. "Strategic interactions of fiscal policies in Europe: A global VAR perspective," Journal of International Money and Finance, Elsevier, vol. 59(C), pages 49-76.
    32. Baussola, Maurizio & Carvelli, Gianni, 2023. "Public and private investments: Long-run asymmetric effects in France and the US," Finance Research Letters, Elsevier, vol. 58(PA).
    33. Sabaj, Ernil & Sbia, Rashid & Troug, Haytem, 2023. "Does it matter where and how governments spend?," Economics Letters, Elsevier, vol. 228(C).
    34. Abdul Abiad & Margarita Debuque-Gonzales & Andrea Loren Sy, 2017. "The Role and Impact of Infrastructure in Middle-Income Countries: Anything Special?," ADB Economics Working Paper Series 518, Asian Development Bank.
    35. Müller, Gernot & Born, Benjamin & Juessen, Falko, 2012. "Exchange rate regimes and fiscal multipliers," CEPR Discussion Papers 8986, C.E.P.R. Discussion Papers.
    36. Roel Beetsma & Massimo Giuliodori, 2011. "The Effects of Government Purchases Shocks: Review and Estimates for the EU," Economic Journal, Royal Economic Society, vol. 121(550), pages 4-32, February.
    37. Hebous, Shafik & Zimmermann, Tom, 2013. "Estimating the effects of coordinated fiscal actions in the euro area," European Economic Review, Elsevier, vol. 58(C), pages 110-121.
    38. Maria Cristina Barbieri Góes & Giovanna Ciaffi & Santiago José Gahn, 2025. "Le grandi Opere Pubbliche: fiscal multipliers of public infrastructure in Italy (1870–1998)," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 42(1), pages 155-180, April.
    39. Abdul Abiad & Margarita Debuque-Gonzales & Andrea Loren Sy, 2018. "The Evolution and Impact of Infrastructure in Middle-Income Countries: Anything Special?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 54(6), pages 1239-1263, May.
    40. Giovanna Ciaffi & Matteo Deleidi & Mariana Mazzucato, 2024. "Measuring the macroeconomic responses to public investment in innovation: evidence from OECD countries," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 33(2), pages 363-382.
    41. Saccone, Donatella & Posta, Pompeo Della & Marelli, Enrico & Signorelli, Marcello, 2022. "Public investment multipliers by functions of government: An empirical analysis for European countries," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 531-545.

Articles

  1. Christian Bayer & Benjamin Born & Ralph Luetticke, 2024. "Shocks, Frictions, and Inequality in US Business Cycles," American Economic Review, American Economic Association, vol. 114(5), pages 1211-1247, May.
    See citations under working paper version above.
  2. Benjamin Born & Francesco D’Ascanio & Gernot J. Müller & Johannes Pfeifer, 2024. "Mr. Keynes Meets the Classics: Government Spending and the Real Exchange Rate," Journal of Political Economy, University of Chicago Press, vol. 132(5), pages 1642-1683.
    See citations under working paper version above.
  3. Bayer, Christian & Born, Benjamin & Luetticke, Ralph, 2023. "The liquidity channel of fiscal policy," Journal of Monetary Economics, Elsevier, vol. 134(C), pages 86-117.
    See citations under working paper version above.
  4. Born, Benjamin & Dovern, Jonas & Enders, Zeno, 2023. "Expectation dispersion, uncertainty, and the reaction to news," European Economic Review, Elsevier, vol. 154(C).
    See citations under working paper version above.
  5. Christian Bayer & Benjamin Born & Ralph Luetticke & Gernot J Müller, 2023. "The Coronavirus Stimulus Package: How Large is the Transfer Multiplier," The Economic Journal, Royal Economic Society, vol. 133(652), pages 1318-1347.
    See citations under working paper version above.
  6. Benjamin Born & Johannes Pfeifer, 2021. "Uncertainty‐driven business cycles: Assessing the markup channel," Quantitative Economics, Econometric Society, vol. 12(2), pages 587-623, May.
    See citations under working paper version above.
  7. Benjamin Born & Gernot J. Müller & Moritz Schularick & Petr Sedláček, 2021. "The macroeconomic impact of Trump," Policy Studies, Taylor & Francis Journals, vol. 42(5-6), pages 580-591, November.
    See citations under working paper version above.
  8. Benjamin Born & Alexander M Dietrich & Gernot J Müller, 2021. "The lockdown effect: A counterfactual for Sweden," PLOS ONE, Public Library of Science, vol. 16(4), pages 1-13, April.
    See citations under working paper version above.
  9. Benjamin Born & Gernot J. Müller & Johannes Pfeifer, 2020. "Does Austerity Pay Off?," The Review of Economics and Statistics, MIT Press, vol. 102(2), pages 323-338, May.
    See citations under working paper version above.
  10. Born, Benjamin & Pfeifer, Johannes, 2020. "The New Keynesian Wage Phillips Curve: Calvo Vs. Rotemberg," Macroeconomic Dynamics, Cambridge University Press, vol. 24(5), pages 1017-1041, July.
    See citations under working paper version above.
  11. Bachmann, Rüdiger & Born, Benjamin & Elstner, Steffen & Grimme, Christian, 2019. "Time-varying business volatility and the price setting of firms," Journal of Monetary Economics, Elsevier, vol. 101(C), pages 82-99.
    See citations under working paper version above.
  12. Benjamin Born & Gernot J Müller & Moritz Schularick & Petr Sedláček, 2019. "The Costs of Economic Nationalism: Evidence from the Brexit Experiment," The Economic Journal, Royal Economic Society, vol. 129(623), pages 2722-2744.
    See citations under working paper version above.
  13. Benjamin Born & Sebastian Breuer & Steffen Elstner, 2018. "Uncertainty and the Great Recession," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 80(5), pages 951-971, October.
    See citations under working paper version above.
  14. Benjamin Born & Jörg Breitung, 2016. "Testing for Serial Correlation in Fixed-Effects Panel Data Models," Econometric Reviews, Taylor & Francis Journals, vol. 35(7), pages 1290-1316, August.

    Cited by:

    1. Theologos Dergiades & Costas Milas & Elias Mossialos & Theodore Panagiotidis, 2023. "COVID-19 anti-contagion policies and economic support measures in the USA," Oxford Economic Papers, Oxford University Press, vol. 75(3), pages 613-630.
    2. Aditya Prana Iswara & Jerry Dwi Trijoyo Purnomo & Lin-Han Chiang Hsieh & Aulia Ulfah Farahdiba & Andrian Dolfriandra Huruta, 2022. "More Is More? The Inquiry of Reducing Greenhouse Gas Emissions in the Upstream Petroleum Fields of Indonesia," Sustainability, MDPI, vol. 14(11), pages 1-18, June.
    3. Cooray, Arusha & Özmen, Ibrahim, 2024. "The role of institutions on public debt: A quantile regression approach," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 912-928.
    4. Ferrara, Federico Maria, 2024. "Central bank asset purchases and auction cycles revisited: new evidence from the euro area," Working Paper Series 2927, European Central Bank.
    5. Paul Christian & Christopher B Barrett, 2024. "Spurious Regressions and Panel IV Estimation: Revisiting the Causes of Conflict," The Economic Journal, Royal Economic Society, vol. 134(659), pages 1069-1099.
    6. Musarat Abbas & Ling Yang & Michael L. Lahr, 2024. "Globalization’s effects on South Asia’s carbon emissions, 1996–2019: a multidimensional panel data perspective via FGLS," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-19, December.
    7. İbrahim Özmen & Mihai Mutascu, 2025. "Don’t look earth: environmental taxes effect on Co2 emissions, evidence from moments quantile regression for EU countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 27(2), pages 4619-4658, February.
    8. Jessen, Jonas & Jessen, Robin & Galecka-Burdziak, Ewa & Góra, Marek & Kluve, Jochen, 2023. "The Micro and Macro Effects of Changes in the Potential Benefit Duration," IZA Discussion Papers 15978, Institute of Labor Economics (IZA).
    9. Andreas Sachs & Frauke Schleer, 2013. "Labour Market Performance in OECD Countries: A Comprehensive Empirical Modelling Approach of Institutional Interdependencies. WWWforEurope Working Paper No. 7," WIFO Studies, WIFO, number 46851.
    10. Joël Cariolle & Petros G Sekeris, 2021. "How export shocks corrupt: theory and evidence," Working Papers hal-03164648, HAL.
    11. Maha Kalai & Hamdi Becha & Kamel Helali, 2024. "Effect of artificial intelligence on economic growth in European countries: a symmetric and asymmetric cointegration based on linear and non-linear ARDL approach," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 13(1), pages 1-37, December.
    12. Mahapatra, Bamadev & Irfan, Mohd, 2021. "Asymmetric impacts of energy efficiency on carbon emissions: A comparative analysis between developed and developing economies," Energy, Elsevier, vol. 227(C).
    13. Fraga, Jefferson Souza & Resende, Marco Flávio da Cunha, 2022. "Infrastructure, conventions and private investment: An empirical investigation," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 351-361.
    14. Desbordes, Rodolphe & Eberhardt, Markus, 2024. "Climate change and economic prosperity: Evidence from a flexible damage function," Journal of Environmental Economics and Management, Elsevier, vol. 125(C).
    15. Hamdi Becha & Maha Kalai & Saifeddine Houidi & Kamel Helali, 2025. "Digital financial inclusion, environmental sustainability and regional economic growth in China: insights from a panel threshold model," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 14(1), pages 1-40, December.
    16. Benatti, Nicola & Groiss, Martin & Kelly, Petra & Lopez-Garcia, Paloma, 2024. "Environmental regulation and productivity growth in the euro area: Testing the porter hypothesis," Journal of Environmental Economics and Management, Elsevier, vol. 126(C).
    17. Paolo Coccorese & Roberto Dell'Anno, 2024. "The Role of Banks in Shaping Income Inequality: A Within‐Country Study," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 70(1), pages 129-153, March.
    18. A. Fronzetti Colladon & B. Guardabascio & F. Venturini, 2023. "A new mapping of technological interdependence," Papers 2308.00014, arXiv.org, revised Sep 2024.
    19. Sachs, Andreas & Schleer, Frauke, 2013. "Labour market performance in OECD countries: A comprehensive empirical modelling approach of institutional interdependencies," ZEW Discussion Papers 13-040, ZEW - Leibniz Centre for European Economic Research.
    20. Shelton Peiris, 2014. "Testing the null hypothesis of zero serial correlation in short panel time series: a comparison of tail probabilities," Statistical Papers, Springer, vol. 55(2), pages 513-523, May.
    21. Ali Meftah Gerged & Khaldoon Albitar & Lara Al‐Haddad, 2023. "Corporate environmental disclosure and earnings management—The moderating role of corporate governance structures," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 2789-2810, July.
    22. Gholampour, Vahid, 2022. "Exchange rates and information about future fundamentals," Journal of International Money and Finance, Elsevier, vol. 127(C).
    23. Maha Kalai & Hamdi Becha & Kamel Helali, 2024. "Threshold effect of foreign direct investment on economic growth in BRICS countries: new evidence from PTAR and PSTAR models," International Journal of Economic Policy Studies, Springer, vol. 18(1), pages 227-258, February.
    24. Sami, Janesh & Makun, Keshmeer, 2024. "Food inflation and monetary policy in emerging economies," Journal of Asian Economics, Elsevier, vol. 95(C).
    25. Boon Teck Tan & Pei Shan Fam & R. B. Radin Firdaus & Mou Leong Tan & Mahinda Senevi Gunaratne, 2021. "Impact of Climate Change on Rice Yield in Malaysia: A Panel Data Analysis," Agriculture, MDPI, vol. 11(6), pages 1-17, June.
    26. Vafainia, Saeid & Rooderkerk, Robert P. & Breugelmans, Els & Bijmolt, Tammo H.A., 2025. "Decision support system development for store flyer space allocation: Leveraging own- and cross-category sales effects," International Journal of Research in Marketing, Elsevier, vol. 42(1), pages 113-132.
    27. Nadia Bushra Mohammed Ali & Hiba Awad Alla Ali Hussin & Howaida Mohammed Fadol Mohammed & Khaled Abd Alaziz Hassan Mohmmed & Amjad Abdullah S. Almutiri & Mohamed Ali Ali, 2025. "The Effect of Environmental, Social, and Governance (ESG) Disclosure on the Profitability of Saudi-Listed Firms: Insights from Saudi Vision 2030," Sustainability, MDPI, vol. 17(7), pages 1-25, March.
    28. Néstor A. Clech, 2025. "Macroeconomic and institutional determinants of human capital wealth: gender disparities and implications," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 42(1), pages 121-153, April.
    29. Beetsma, Roel & van Spronsen, Josha, 2019. "Unconventional Monetary Policy and Auction Cycles of Eurozone Sovereign Debt," CEPR Discussion Papers 14099, C.E.P.R. Discussion Papers.
    30. Georgios Mavropoulos & Theodore Panagiotidis, 2020. "Why Young Adults Retreat from Marriage? An Easterlin Relative Income Approach," Discussion Paper Series 2020_01, Department of Economics, University of Macedonia, revised Jan 2020.
    31. Raja Chakir & Alban Thomas, 2022. "Unintended Consequences of Environmental Policies: the Case of Set-aside and Agricultural Intensification [Conséquences involontaires des politiques environnementales : le cas du gel des terres et ," Post-Print hal-03550528, HAL.
    32. Jochmans, K. & Verardi, V., 2019. "xtserialpm: A portmanteau test for serial correlation in a linear panel model," Cambridge Working Papers in Economics 1944, Faculty of Economics, University of Cambridge.
    33. Koengkan, Matheus & Fuinhas, José Alberto & Kazemzadeh, Emad & Osmani, Fariba & Alavijeh, Nooshin Karimi & Auza, Anna & Teixeira, Mônica, 2022. "Measuring the economic efficiency performance in Latin American and Caribbean countries: An empirical evidence from stochastic production frontier and data envelopment analysis," International Economics, Elsevier, vol. 169(C), pages 43-54.
    34. Mohammed Mahmud Kakanda, & Basariah Salim, & Sitraselvi Chandren,, 2017. "Do board characteristics and risk management disclosure have any effect on firm performance? Empirical evidence from Deposit Money Banks (DMBs) in Nigeria," Business and Economic Horizons (BEH), Prague Development Center, vol. 13(4), pages 506-521, October.
    35. Georgios Mavropoulos & Theodore Panagiotidis, 2023. "The role of relative income in the share of children born out-of-wedlock in the USA," Empirical Economics, Springer, vol. 64(3), pages 1105-1120, March.
    36. Huafang Huang & Sharafat Ali & Yasir Ahmed Solangi, 2023. "Analysis of the Impact of Economic Policy Uncertainty on Environmental Sustainability in Developed and Developing Economies," Sustainability, MDPI, vol. 15(7), pages 1-19, March.
    37. Álvarez-Román, Laura & García-Posada, Miguel, 2021. "Are house prices overvalued in Spain? A regional approach," Economic Modelling, Elsevier, vol. 99(C).
    38. Hasraddin Guliyev, 2025. "Using Machine Learning Techniques to Test the Load Capacity Curve Hypothesis: A Classifier-Lasso Application on Global Panel Data," Biophysical Economics and Resource Quality, Springer, vol. 10(1), pages 1-18, June.
    39. Wang, Zheng-Xin & Jv, Yue-Qi, 2022. "A smooth difference-in-differences model for assessing gradual policy effects: Revisiting the impact of banking deregulation on income distribution," Finance Research Letters, Elsevier, vol. 50(C).
    40. Chen, Hongrui, 2023. "Energy innovations, natural resource abundance, urbanization, and environmental sustainability in the post-covid era. Does environmental regulation matter?," Resources Policy, Elsevier, vol. 85(PB).
    41. Berger, Michael & Pock, Markus & Reiss, Miriam & Röhrling, Gerald & Czypionka, Thomas, 2023. "Exploring the effectiveness of demand-side retail pharmaceutical expenditure reforms: cross-country evidence from weighted-average least squares estimation," LSE Research Online Documents on Economics 116928, London School of Economics and Political Science, LSE Library.
    42. Angelos Athanasopoulos & Donato Masciandaro & Davide Romelli, 2025. "Long run inflation: persistence and central bank independence," BAFFI CAREFIN Working Papers 25237, BAFFI CAREFIN, Centre for Applied Research on International Markets Banking Finance and Regulation, Universita' Bocconi, Milano, Italy.
    43. Hafezali Iqbal Hussain & Azlan Ali & Hassanudin Mohd Thas Thaker & Mohsin Ali, 2019. "Firm Performance and Family Related Directors: Empirical Evidence from an Emerging Market," Contemporary Economics, Vizja University, vol. 13(2), June.
    44. Michael Berger & Markus Pock & Miriam Reiss & Gerald Röhrling & Thomas Czypionka, 2023. "Exploring the effectiveness of demand-side retail pharmaceutical expenditure reforms," International Journal of Health Economics and Management, Springer, vol. 23(1), pages 149-172, March.
    45. Jung, Alexander, 2024. "The quantity theory of money, 1870-2020," Working Paper Series 2940, European Central Bank.
    46. Baffour Gyau, Emmanuel & Appiah, Michael & Gyamfi, Bright Akwasi & Achie, Theodoria & Naeem, Muhammad Abubakr, 2024. "Transforming banking: Examining the role of AI technology innovation in boosting banks financial performance," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    47. Koppenberg, Maximilian & Mishra, Ashok K. & Hirsch, Stefan, 2023. "Food Aid and Violent Conflict: A Review of Literature," IZA Discussion Papers 16574, Institute of Labor Economics (IZA).
    48. Jochmans, K., 2019. "Testing Correlation in Error-Component Models," Cambridge Working Papers in Economics 1993, Faculty of Economics, University of Cambridge.
    49. Gertler, Pavel & Hofmann, Boris, 2018. "Monetary facts revisited," Journal of International Money and Finance, Elsevier, vol. 86(C), pages 154-170.
    50. Wang, Kun & Rehman, Mubeen Abdur & Fahad, Shah & Linzhao, Zeng, 2023. "Unleashing the influence of natural resources, sustainable energy and human capital on consumption-based carbon emissions in G-7 Countries," Resources Policy, Elsevier, vol. 81(C).
    51. Gregori, Tullio, 2021. "Protectionism and international trade: A long-run view," International Economics, Elsevier, vol. 165(C), pages 1-13.
    52. Afef Bouattour & Maha Kalai & Kamel Helali, 2024. "Threshold effects of technology import on industrial employment: a panel smooth transition regression approach," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 13(1), pages 1-33, December.
    53. Miller, Ray & Bairoliya, Neha & Canning, David, 2019. "Health disparities and the socioeconomic gradient in elderly life-cycle consumption," The Journal of the Economics of Ageing, Elsevier, vol. 14(C).
    54. Ghouma Ghouma & Hamdi Becha & Maha Kalai & Kamel Helali & Myriam Ertz, 2023. "Do IFRS Disclosure Requirements Reduce the Cost of Equity Capital? Evidence from European Firms," JRFM, MDPI, vol. 16(8), pages 1-19, August.
    55. Benatti, Nicola & Groiss, Martin & Kelly, Petra & Lopez-Garcia, Paloma, 2024. "The impact of environmental regulation on clean innovation: are there crowding out effects?," Working Paper Series 2946, European Central Bank.
    56. Afifa Ferhi & Kamel Helali, 2024. "The Impact of Renewable Energy on the Environment and Socio-economic Welfare: Empirical Evidence from OECD Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 4776-4799, March.
    57. Evangelia Avgeri & Maria Psillaki & Evanthia Zervoudi, 2023. "Peer-to-Peer Lending as a Determinant of Federal Housing Administration-Insured Mortgages to Meet Sustainable Development Goals," Sustainability, MDPI, vol. 15(18), pages 1-30, September.
    58. Martin Falk & Eva Hagsten & Xiang Lin, 2023. "Uneven domestic tourism demand in times of pandemic," Tourism Economics, , vol. 29(3), pages 596-611, May.
    59. Bakker, Vincent & Van Vliet, Olaf, 2019. "Social Investment, Employment Outcomes and Policy and Institutional Complementarities: A Comparative Analysis across 26 OECD countries," MPRA Paper 96140, University Library of Munich, Germany.
    60. Tan, Qingmei & Yasmeen, Humaira & Ali, Sharafat & Ismail, Hina & Zameer, Hashim, 2023. "Fintech development, renewable energy consumption, government effectiveness and management of natural resources along the belt and road countries," Resources Policy, Elsevier, vol. 80(C).
    61. Gregory A. Falls & Paul A. Natke & Linlan Xiao, 2022. "College football attendance in the long run: The Football Championship Subdivision," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(6), pages 2172-2183, September.
    62. Ratliff, David J. & Philipps, Collin S., 2025. "Which corporate leaders matter to financial markets?," International Review of Financial Analysis, Elsevier, vol. 97(C).
    63. Afef Bouattour & Maha Kalai & Kamel Helali, 2024. "The non-linear relationship between ESG performance and bank stability in the digital era: new evidence from a regime-switching approach," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
    64. Joseph Jr. Aduba & Hiroshi Izawa, 2021. "Impact of learning through credit and value creation on the efficiency of Japanese commercial banks," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 7(1), pages 1-37, December.
    65. Koen Jochmans, 2020. "Testing for correlation in error‐component models," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 35(7), pages 860-878, November.
    66. Cheilas, Panagiotis T. & Daglis, Theodoros & Xidonas, Panos & Michaelides, Panayotis G. & Konstantakis, Konstantinos N., 2024. "Financial dynamics, green transition and hydrogen economy in Europe," International Review of Economics & Finance, Elsevier, vol. 94(C).
    67. Obasa, Rotimi Sunday Mr. & Gurowa, S. U, 2023. "Effect of Information and Communication Technology on Financial Performance of Deposit Money Bank in Nigeria," Thesis Commons c7x45, Center for Open Science.
    68. Tullio Gregori & Marco Giansoldati, 2023. "Do current and capital account liberalizations affect economic growth in the long run?," Empirical Economics, Springer, vol. 65(1), pages 247-273, July.
    69. Bernal Humberto, 2020. "Demand and Supply in the Cocaine Market: An Empirical Study," Journal of Globalization and Development, De Gruyter, vol. 11(1), pages 1-34, June.

  15. Born Benjamin & Demetrescu Matei, 2015. "Recursive Adjustment for General Deterministic Components and Improved Cointegration Rank Tests," Journal of Time Series Econometrics, De Gruyter, vol. 7(2), pages 143-179, July.

    Cited by:

    1. Hanck, Christoph & Demetrescu, Matei & Tarcolea, Adina, 2012. "IV-Based Cointegration Testing in Dependent Panels with Time-Varying Variance," VfS Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century 62072, Verein für Socialpolitik / German Economic Association.

  16. Benjamin Born & Johannes Pfeifer, 2014. "Risk Matters: The Real Effects of Volatility Shocks: Comment," American Economic Review, American Economic Association, vol. 104(12), pages 4231-4239, December.

    Cited by:

    1. Born, Benjamin & Müller, Gernot & Pfeifer, Johannes & Wellmann, Susanne, 2020. "Different no more: Country spreads in advanced and emerging economies," CEPR Discussion Papers 14392, C.E.P.R. Discussion Papers.
    2. Caldara, Dario & Iacoviello, Matteo & Molligo, Patrick & Prestipino, Andrea & Raffo, Andrea, 2020. "The economic effects of trade policy uncertainty," Journal of Monetary Economics, Elsevier, vol. 109(C), pages 38-59.
    3. Koirala, Niraj P. & Koirala, Dhiroj Prasad & Nyiwul, Linus & Hu, Zhining, 2024. "Economic uncertainty, households’ credit situations, and higher education," Journal of Macroeconomics, Elsevier, vol. 80(C).
    4. Kandoussi, Malak & Langot, François, 2020. "Uncertainty Shocks and Unemployment Dynamics," IZA Discussion Papers 13438, Institute of Labor Economics (IZA).
    5. Hinterlang, Natascha & Moyen, Stephane & Röhe, Oke & Stähler, Nikolai, 2023. "Gauging the effects of the German COVID-19 fiscal stimulus package," European Economic Review, Elsevier, vol. 154(C).
    6. Freund, L. B & Rendahl, P., 2020. "Unexpected Effects: Uncertainty, Unemployment, and Inflation," Cambridge Working Papers in Economics 2035, Faculty of Economics, University of Cambridge.
    7. Lorenzo Bretscher & Alex Hsu & Andrea Tamoni, 2019. "Response of the Macroeconomy to Uncertainty Shocks:the Risk Premium Channel," 2019 Meeting Papers 1567, Society for Economic Dynamics.
    8. Xianbo Zhou & Zhuoran Chen, 2023. "The Impact of Uncertainty Shocks to Consumption under Different Confidence Regimes Based on a Stochastic Uncertainty-in-Mean TVAR Model," Sustainability, MDPI, vol. 15(4), pages 1-20, February.
    9. Kollmann, Robert, 2015. "Risk Sharing in a World Economy with Uncertainty Shocks," CEPR Discussion Papers 10940, C.E.P.R. Discussion Papers.
    10. Giovanni Caggiano & Efrem Castelnuovo, 2023. "Global financial uncertainty," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(3), pages 432-449, April.
    11. Gabriel Cuadra & Victoria Nuguer, 2018. "Online Appendix to "Risky Banks and Macro-Prudential Policy for Emerging Economies"," Online Appendices 15-242, Review of Economic Dynamics.
    12. Den Haan, Wouter & Rendahl, Pontus & Freund, Lukas B., 2020. "Volatile Hiring: Uncertainty in Search and Matching Models," CEPR Discussion Papers 14630, C.E.P.R. Discussion Papers.
    13. Lukas Freund & Hanbaek Lee & Pontus Rendahl, 2022. "Online Appendix to "The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation"," Online Appendices 21-230, Review of Economic Dynamics.
    14. Müller, Gernot & Georgiadis, Georgios & Schumann, Ben, 2021. "Global Risk and the Dollar," CEPR Discussion Papers 16245, C.E.P.R. Discussion Papers.
    15. Punzi, Maria Teresa, 2019. "The impact of energy price uncertainty on macroeconomic variables," Energy Policy, Elsevier, vol. 129(C), pages 1306-1319.
    16. Kollmann, Robert, 2016. "Tractable Likelihood-Based Estimation of Non-Linear DSGE Models Using Higher-Order Approximations," MPRA Paper 70350, University Library of Munich, Germany.
    17. Emmanuel Joel Aikins Abakah & Guglielmo Maria Caporale & Luis A. Gil-Alana, 2020. "Economic Policy Uncertainty: Persistence and Cross-Country Linkages," CESifo Working Paper Series 8289, CESifo.
    18. Jerow, Sam & Wolff, Jonathan, 2022. "Fiscal policy and uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 145(C).
    19. Kollmann, Robert, 2016. "International Business Cycles and Risk Sharing with Uncertainty Shocks and Recursive Preferences," MPRA Paper 70183, University Library of Munich, Germany.
    20. Robert Kollmann, 2016. "Risk Sharing, the Exchange Rate and Net Foreign Assets in a World Economy with Uncertainty Shocks," 2016 Meeting Papers 721, Society for Economic Dynamics.
    21. Carrillo, Julio A. & Peersman, Gert & Wauters, Joris, 2022. "Endogenous wage indexation and aggregate shocks," Journal of Macroeconomics, Elsevier, vol. 72(C).
    22. Ma, Dan & Zhang, Chuan & Hui, Yarong & Xu, Bing, 2022. "Economic uncertainty spillover and social networks," Journal of Business Research, Elsevier, vol. 145(C), pages 454-467.
    23. Freund, L. B. & Lee, H. & Rendahl, P., 2022. "The Risk-Premium Channel of Uncertainty: Implications for Unemployment and Inflation," Cambridge Working Papers in Economics 2251, Faculty of Economics, University of Cambridge.
    24. Samil Oh & Thepthida Sopraseuth, 2017. "Firm entry, Search and Matching in a Small Open Economy Faced with Uncertainty Shocks: The case of Korea," THEMA Working Papers 2017-27, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    25. Lorenzo Bretscher & Alex Hsu & Andrea Tamoni, 2023. "The Real Response to Uncertainty Shocks: The Risk Premium Channel," Management Science, INFORMS, vol. 69(1), pages 119-140, January.
    26. Chatterjee, Pratiti, 2024. "Uncertainty shocks, financial frictions, and business cycle asymmetries across countries," European Economic Review, Elsevier, vol. 162(C).
    27. Bonciani, Dario & Ricci, Martino, 2020. "The international effects of global financial uncertainty shocks," Journal of International Money and Finance, Elsevier, vol. 109(C).
    28. Michael Patrick Curran & Adnan Velic, 2017. "Interest Rate Volatility And Macroeconomic Dynamics: A Cross-Country Analysis," Villanova School of Business Department of Economics and Statistics Working Paper Series 35, Villanova School of Business Department of Economics and Statistics.
    29. Valeriu Nalban & Andra Smadu, 2022. "Uncertainty shocks and the monetary-macroprudential policy mix," Working Papers 739, DNB.
    30. Tarzibash, Omar Fikrat Fateh & Ozyapici, Hasan & Adaoglu, Cahit, 2025. "Cash holdings in the US healthcare industry: Do different types of uncertainty matter?," Finance Research Letters, Elsevier, vol. 72(C).
    31. Nuguer Victoria & Cuadra Gabriel, 2016. "Risky Banks and Macroprudential Policy for Emerging Economies," Working Papers 2016-06, Banco de México.
    32. Michael Curran & Adnan Velic, 2020. "Interest rate volatility and macroeconomic dynamics: Heterogeneity matters," Review of International Economics, Wiley Blackwell, vol. 28(4), pages 957-975, September.

  17. Benjamin Born & Michael Ehrmann & Marcel Fratzscher, 2014. "Central Bank Communication on Financial Stability," Economic Journal, Royal Economic Society, vol. 124(577), pages 701-734, June.
    See citations under working paper version above.
  18. Born, Benjamin & Pfeifer, Johannes, 2014. "Policy risk and the business cycle," Journal of Monetary Economics, Elsevier, vol. 68(C), pages 68-85.
    See citations under working paper version above.
  19. Born, Benjamin & Juessen, Falko & Müller, Gernot J., 2013. "Exchange rate regimes and fiscal multipliers," Journal of Economic Dynamics and Control, Elsevier, vol. 37(2), pages 446-465.
    See citations under working paper version above.
  20. Born, Benjamin & Peter, Alexandra & Pfeifer, Johannes, 2013. "Fiscal news and macroeconomic volatility," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2582-2601.
    See citations under working paper version above.
  21. Benjamin Born & Gernot J. M√Úller, 2012. "Government Spending Shocks in Quarterly and Annual Time Series," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 44, pages 507-517, March.
    See citations under working paper version above.
  22. Benjamin Born & Teresa Buchen & Kai Carstensen & Christian Grimme & Michael Kleemann & Klaus Wohlrabe & Timo Wollmershäuser, 2012. "Austritt Griechenlands aus der Europäischen Währungsunion: Historische Erfahrungen, makroökonomische Konsequenzen und organisatorische Umsetzung," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(10), pages 09-37, May.

    Cited by:

    1. Homburg, Stefan, 2018. "Speculative Eurozone Attacks and Departure Strategies," Hannover Economic Papers (HEP) dp-640, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    2. Giuseppe Bertola & John Driffill & Harold James & Hans-Werner Sinn & Jan-Egbert Sturm & Ákos Valentinyi, 2013. "Chapter 2: European Imbalances," EEAG Report on the European Economy, CESifo, vol. 0, pages 55-72, February.
    3. Hans-Werner Sinn, 2018. "Brexit a krize eura: jakou chceme Evropskou unii? [Brexit and the Euro Crisis: What Kind of Union Do We Want?]," Politická ekonomie, Prague University of Economics and Business, vol. 2018(1), pages 3-19.
    4. Reiner Peter Hellbrück, 2012. "Regionale Zinspolitik," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(15), pages 27-34, August.
    5. Jürgen Matthes & Thomas Schuster, 2015. "Zum Umgang der Europäischen Währungsunion mit reformunwilligen Eurostaaten," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(04), pages 13-18, February.
    6. Fritz Breuss, 2012. "EU-Mitgliedschaft Österreichs. Eine Evaluierung in Zeiten der Krise," WIFO Studies, WIFO, number 45578.
    7. Peter Burgold, 2013. "Nominale Abwertung innerhalb einer Währungsunion," Global Financial Markets Working Paper Series 47-2013, Friedrich-Schiller-University Jena.
    8. Isabel Hanisch & Klaus Wohlrabe & Timo Wollmershäuser, 2015. "Wie schnell erholt sich eine Volkswirtschaft nach einer Währungs- und Staatsschuldenkrise?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(13), pages 56-57, July.
    9. Dirk Meyer, 2012. "Das Konzept nationaler Parallelwährungen für die Eurozone," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(16), pages 19-28, August.
    10. Klaus Weyerstrass & Daniela Grozea-Helmenstein, 2013. "Euro Area Scenarios and their Economic Consequences for Slovenia and Serbia," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 11(4 (Winter), pages 323-351.
    11. Wolfgang Nierhaus & Timo Wollmershäuser, 2016. "ifo Konjunkturumfragen und Konjunkturanalyse: Band II," ifo Forschungsberichte, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 72.

  23. Benjamin Born & Michael Ehrmann & Marcel Fratzscher, 2012. "Communicating About Macro-prudential Supervision – A New Challenge for Central Banks," International Finance, Wiley Blackwell, vol. 15(2), pages 179-203, June.

    Cited by:

    1. Shiwei Su & Ahmad Hassan Ahmad & Justine Wood, 2020. "How effective is central bank communication in emerging economies? An empirical analysis of the chinese money markets responses to the people’s bank of China’s policy communications," Review of Quantitative Finance and Accounting, Springer, vol. 54(4), pages 1195-1219, May.
    2. Adeabah, David & Andoh, Charles & Asongu, Simplice & Gemegah, Albert, 2021. "Reputational risks in banks: A review of research themes, frameworks, methods, and future research directions," MPRA Paper 110598, University Library of Munich, Germany.
    3. Alan S. Blinder & Michael Ehrmann & Jakob de Haan & David-Jan Jansen, 2016. "Necessity as the Mother of Invention: Monetary Policy after the Crisis," NBER Working Papers 22735, National Bureau of Economic Research, Inc.
    4. Pires Tiberto, Bruno & Oliveira de Moraes, Claudio & Pio Corrêa, Paloma, 2020. "Does transparency of central banks communication affect credit market? Empirical evidence for advanced and emerging markets," The North American Journal of Economics and Finance, Elsevier, vol. 53(C).
    5. de Mendonça, Helder Ferreira & Díaz, Raime Rolando Rodríguez, 2023. "Can ignorance about the interest rate and macroeconomic surprises affect the stock market return? Evidence from a large emerging economy," The North American Journal of Economics and Finance, Elsevier, vol. 64(C).
    6. Kakhkharov, Jakhongir & Bianchi, Robert J., 2022. "COVID-19 and policy responses: Early evidence in banks and FinTech stocks," Pacific-Basin Finance Journal, Elsevier, vol. 74(C).
    7. Marcel Fratzscher, 2016. "Rules Versus Human Beings, and the Mandate of the ECB," CESifo Economic Studies, CESifo Group, vol. 62(1), pages 68-87.
    8. Beutel, Johannes & Metiu, Norbert & Stockerl, Valentin, 2021. "Toothless tiger with claws? Financial stability communication, expectations, and risk-taking," Discussion Papers 05/2021, Deutsche Bundesbank.
    9. Kurowski, Łukasz & Smaga, Paweł, 2023. "Analysing financial stability reports as crisis predictors with the use of text-mining," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).
    10. Abdullah Mamoon & Frank Kwabi & Ernest Ezeani & Wansu Hu, 2025. "The impact of central bank independence and transparency on banks' non-performing loans and economic stability," Journal of Banking Regulation, Palgrave Macmillan, vol. 26(1), pages 25-40, March.
    11. Paul Gower & Florian Meier & Karl Shutes, 2019. "Regulator Communication and Market Confidence in Difficult Times: Lessons from the Great Financial Crisis," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 7(4), pages 1-24.
    12. de Mendonça, Helder Ferreira & de Moraes, Claudio Oliveira, 2018. "Central bank disclosure as a macroprudential tool for financial stability," Economic Systems, Elsevier, vol. 42(4), pages 625-636.
    13. Ou Sun & Zhixin Liu, 2016. "Comparison of Monetary Policy Actions and Central Bank Communication on Tackling Asset Price Bubbles—Evidence from China’s Stock Market," PLOS ONE, Public Library of Science, vol. 11(11), pages 1-20, November.
    14. Rodolfo Tomás da Fonseca Nicolay & Claudio Oliveira de Moraes & Bruno Pires Tiberto, 2018. "The Effect of Central Bank Communication on the Capital Buffer of Banks: Evidence from an Emerging Economy," Econometric Research in Finance, SGH Warsaw School of Economics, Collegium of Economic Analysis, vol. 3(1), pages 1-26, September.
    15. Duprey, Thibaut & Tuzcuoglu, Kerem, 2025. "High-frequency effects of macroprudential policy announcements," Economics Letters, Elsevier, vol. 250(C).
    16. Haryo Kuncoro & Gatot Nazir Ahmad & Dianta Sebayang, 2021. "A textual analysis of central bank communication the case of Indonesia," Economics Bulletin, AccessEcon, vol. 41(3), pages 2158-2172.
    17. Collignon, Stefan & Diessner, Sebastian, 2016. "The ECB's monetary dialogue with the European Parliament:efficiency and accountability during the Euro crisis?," LSE Research Online Documents on Economics 67308, London School of Economics and Political Science, LSE Library.

  24. Kai Carstensen & Wolfgang Nierhaus & Tim Oliver Berg & Benjamin Born & Christian Breuer & Teresa Buchen & Steffen Elstner & Christian Grimme & Steffen Henzel & Nikolay Hristov & Michael Kleemann & Wol, 2012. "ifo Konjunkturprognose 2012/2013: Erhöhte Unsicherheit dämpft deutsche Konjunktur erneut," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(13), pages 15-68, July.

    Cited by:

    1. Wolfgang Nierhaus, 2013. "Wirtschaftskonjunktur 2012: Prognose und Wirklichkeit," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(02), pages 30-33, January.
    2. Joachim Gürtler & Arno Städtler, 2012. "Investitionen im Sog der Finanzkrise – Mobilien-Leasing wächst noch überdurchschnittlich," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 65(19), pages 47-50, October.
    3. Frank Westermann, 2014. "Discussion of "Target2 and Central Bank Balance Sheets"," IEER Working Papers 99, Institute of Empirical Economic Research, Osnabrueck University.

  25. Johanna Garnitz & Gernot Nerb & Klaus Wohlrabe & Benjamin Born, 2012. "CESifo World Economic Survey August 2012," ifo World Economic Survey, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 11(03), pages 01-24, August.

    Cited by:

    1. Bunea-Bontas, Cristina Aurora & Petre, Mihaela Cosmina, 2009. "Fiscal Policy during the current Crisis," MPRA Paper 18676, University Library of Munich, Germany.

  26. Benjamin Born & Jörg Breitung, 2011. "Simple regression‐based tests for spatial dependence," Econometrics Journal, Royal Economic Society, vol. 14(2), pages 330-342, July.
    See citations under working paper version above.
  27. Kai Carstensen & Wolfgang Nierhaus & Klaus Abberger & Tim Oliver Berg & Benjamin Born & Teresa Buchen & Christian Breuer & Steffen Elstner & Christian Grimme & Steffen Henzel & Nikolay Hristov & Micha, 2011. "ifo Konjunkturprognose 2011/2012: Schuldenkrise bremst deutsche Wirtschaft aus," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(24), pages 26-72, December.

    Cited by:

    1. Wolfgang Nierhaus, 2013. "Wirtschaftskonjunktur 2012: Prognose und Wirklichkeit," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 66(02), pages 30-33, January.

Chapters

  1. Benjamin Born & Michael Ehrmann & Marcel Fratzscher, 2011. "How Should Central Banks Deal with a Financial Stability Objective? The Evolving Role of Communication as a Policy Instrument," Chapters, in: Sylvester Eijffinger & Donato Masciandaro (ed.), Handbook of Central Banking, Financial Regulation and Supervision, chapter 9, Edward Elgar Publishing.

    Cited by:

    1. Emna Trabelsi, 2016. "What effects exert Economic Globalization and Central Bank Transparency on inflation of OECD countries? An Application of LSDVC Estimator on a dynamic Panel Model," Working Papers hal-01157387, HAL.
    2. Kurowski, Łukasz & Smaga, Paweł, 2023. "Analysing financial stability reports as crisis predictors with the use of text-mining," The Journal of Economic Asymmetries, Elsevier, vol. 28(C).

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