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Karel Mertens

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.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Karel Mertens & Morten O. Ravn, 2009. "Empirical evidence on the aggregate effects of anticipated and unanticipated US tax policy shocks," Working Paper Research 181, National Bank of Belgium.

    Mentioned in:

    1. About the impact of anticipated tax changes
      by Economic Logician in Economic Logic on 2010-06-17 19:12:00
  2. Ravn, Morten & Mertens, Karel, 2010. "Fiscal Policy in an Expectations Driven Liquidity Trap," CEPR Discussion Papers 7931, C.E.P.R. Discussion Papers.

    Mentioned in:

    1. ZLB Models?
      by Mainly Macro in Mainly Macro on 2013-08-01 17:06:00

RePEc Biblio mentions

As found on the RePEc Biblio, the curated bibliography of Economics:
  1. Mertens, Karel & Ravn, Morten O., 2014. "A reconciliation of SVAR and narrative estimates of tax multipliers," Journal of Monetary Economics, Elsevier, vol. 68(S), pages 1-19.

    Mentioned in:

    1. > Econometrics > Time Series Models > VAR Models
  2. Alexander Bick & Adam Blandin & Karel Mertens, 2020. "Work from Home Before and After the COVID-19 Outbreak," Working Papers 2017, Federal Reserve Bank of Dallas, revised 25 Feb 2021.

    Mentioned in:

    1. > Economics of Welfare > Health Economics > Economics of Pandemics > Specific pandemics > Covid-19 > Economic consequences > Employment and Work > Work from home

Wikipedia or ReplicationWiki mentions

(Only mentions on Wikipedia that link back to a page on a RePEc service)
  1. Karel Mertens & Morten O. Ravn, 2012. "Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks," American Economic Journal: Economic Policy, American Economic Association, vol. 4(2), pages 145-181, May.

    Mentioned in:

    1. Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks (American Economic Journal: Economic Policy 2012) in ReplicationWiki ()
  2. Karel Mertens & Morten O. Ravn, 2013. "The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States," American Economic Review, American Economic Association, vol. 103(4), pages 1212-1247, June.

    Mentioned in:

    1. The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States (AER 2013) in ReplicationWiki ()
  3. Karel Mertens & Morten O. Ravn, 2019. "The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply," American Economic Review, American Economic Association, vol. 109(7), pages 2679-2691, July.

    Mentioned in:

    1. The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Comment (AER 2019) in ReplicationWiki ()

Working papers

  1. Daniel Lewis & Karel Mertens, 2026. "Weak instrument bias in impulse response estimators," CeMMAP working papers 01/26, Institute for Fiscal Studies.

    Cited by:

    1. Martin Bruns & Helmut Lütkepohl, 2026. "Review of Proxy Vector Autoregressive Analysis," Discussion Papers of DIW Berlin 2155, DIW Berlin, German Institute for Economic Research.

  2. Andrew J. Fieldhouse & Karel Mertens, 2025. "The Social Returns to Public R&D," Working Papers 2519, Federal Reserve Bank of Dallas.

    Cited by:

    1. Drygalla, Andrej & Heinisch, Katja & Holtemöller, Oliver & Lindner, Axel & Schult, Christoph & Solms, Anna & Zeddies, Götz, 2025. "Wirkung der Verwendung der Mittel des Sondervermögens Infrastruktur und Klimaneutralität sowie der zusätzlichen Bundesmittel für Verteidigung, Zivil- und Bevölkerungsschutz auf das Potenzialwachstum in Mecklenburg-Vorpommern: Schriftliche Anhörung de," IWH Policy Notes 3/2025, Halle Institute for Economic Research (IWH).

  3. Bick, Alexander & Blandin, Adam & Mertens, Karel & Rubinton, Hannah, 2024. "Work from Home and Interstate Migration," CEPR Discussion Papers 19101, C.E.P.R. Discussion Papers.

    Cited by:

    1. Abi Adams & Oguz Bayraktar & Thomas H. Joergensen & Hamish Low & Alessandra Voena, 2025. "Joint Child Custody and Interstate Migration," CEBI working paper series 25-16, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    2. Agrawal, David R. & Chen, Xinyu, 2026. "State and Local Tax Policy in a Time of Telework," GLO Discussion Paper Series 1708, Global Labor Organization (GLO).
    3. Abi Adams & Oğuz Bayraktar & Thomas H. Jorgensen & Hamish W. Low & Alessandra Voena, 2025. "Joint Child Custody and Interstate Migration," Working Paper Series WP 2025-25, Federal Reserve Bank of Chicago.
    4. Akan, Mert & Barrero, José María & Bloom, Nicholas & Bowen, Tom & Buckman, Shelby Rae & Davis, Steven J. & Kim, Hyoseul, 2025. "The New Geography of Labor Markets," IZA Discussion Papers 18278, IZA Network @ LISER.
    5. Peter Lambert & Chris Larkin, 2024. "Has work from home shifted the US electoral map?," CEP Occasional Papers 67, Centre for Economic Performance, LSE.

  4. Alexander Bick & Adam Blandin & Karel Mertens & Hannah Rubinton, 2024. "The Impact of Work from Home on Interstate Migration in the U.S," On the Economy 98403, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Abi Adams & Oguz Bayraktar & Thomas H. Joergensen & Hamish Low & Alessandra Voena, 2025. "Joint Child Custody and Interstate Migration," CEBI working paper series 25-16, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    2. Agrawal, David R. & Chen, Xinyu, 2026. "State and Local Tax Policy in a Time of Telework," GLO Discussion Paper Series 1708, Global Labor Organization (GLO).
    3. Abi Adams & Oğuz Bayraktar & Thomas H. Jorgensen & Hamish W. Low & Alessandra Voena, 2025. "Joint Child Custody and Interstate Migration," Working Paper Series WP 2025-25, Federal Reserve Bank of Chicago.
    4. Akan, Mert & Barrero, José María & Bloom, Nicholas & Bowen, Tom & Buckman, Shelby Rae & Davis, Steven J. & Kim, Hyoseul, 2025. "The New Geography of Labor Markets," IZA Discussion Papers 18278, IZA Network @ LISER.
    5. Peter Lambert & Chris Larkin, 2024. "Has work from home shifted the US electoral map?," CEP Occasional Papers 67, Centre for Economic Performance, LSE.
    6. Alexander Bick & Adam Blandin & Aidan Caplan & Tristan Caplan, 2024. "Measuring Trends in Work From Home: Evidence from Six U.S. Datasets," Working Papers 2024-023, Federal Reserve Bank of St. Louis, revised 12 Dec 2024.

  5. Andrew J. Fieldhouse & Karel Mertens, 2023. "The Returns to Government R&D: Evidence from U.S. Appropriations Shocks," Working Papers 2305, Federal Reserve Bank of Dallas, revised 21 Nov 2024.

    Cited by:

    1. Thomas H.W. Ziesemer, 2024. "Internal rates of return for public R&D from VECM estimates for 17 OECD Countries," Economic Change and Restructuring, Springer, vol. 57(5), pages 1-16, October.
    2. Paul Winter & Hilary Devine & John Janssen & Chris Thompson, 2025. "Why not both? The effects of innovation and capital on productivity in New Zealand," Treasury Analytical Notes Series an25/12, New Zealand Treasury.
    3. Huang, Chien-Yu & Lai, Ching-Chong & Peretto, Pietro F., 2025. "Public R&D, private R&D and growth: A Schumpeterian approach," Journal of Economic Behavior & Organization, Elsevier, vol. 236(C).
    4. Gross, Daniel P. & Sampat, Bhaven N., 2025. "The Government Patent Register: A new resource for measuring U.S. government-funded patenting," Research Policy, Elsevier, vol. 54(1).

  6. Andrew J. Fieldhouse & Karel Mertens, 2023. "A Narrative Analysis of Federal Appropriations for Research and Development," Working Papers 2316, Federal Reserve Bank of Dallas, revised 24 Feb 2026.

    Cited by:

    1. Gross, Daniel P. & Sampat, Bhaven N., 2025. "The Government Patent Register: A new resource for measuring U.S. government-funded patenting," Research Policy, Elsevier, vol. 54(1).
    2. Andrew J. Fieldhouse & Karel Mertens, 2025. "The Social Returns to Public R&D," NBER Chapters, in: Entrepreneurship and Innovation Policy and the Economy, volume 5, pages 9-39, National Bureau of Economic Research, Inc.

  7. Bick, Alexander & Blandin, Adam & Mertens, Karel, 2022. "Work from Home Before and After the COVID-19 Outbreak," CEPR Discussion Papers 15000, C.E.P.R. Discussion Papers.

    Cited by:

    1. L.G. Deidda & F. Cerina & S. Nobili, 2025. "Skill-biased remote work and incentives," Working Paper CRENoS 202505, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    2. Adams-Prassl, A. & Boneva, T. & Golin, M. & Rauh, C., 2020. "Work Tasks That Can Be Done From Home: Evidence on Variation Within and Across Occupations and Industries," Cambridge Working Papers in Economics 2040, Faculty of Economics, University of Cambridge.
    3. Juhasz, Reka & Squicciarini, Mara P. & Voigtlander, Nico, 2021. "Away from Home and Back: Coordinating (Remote) Workers in 1800 and 2020," CAGE Online Working Paper Series 535, Competitive Advantage in the Global Economy (CAGE).
    4. Alexander Bick & Adam Blandin, 2020. "The Labor Market Impact of a Pandemic: Validation and Application of a Do-It-Yourself CPS," Working Papers 2031, Federal Reserve Bank of Dallas.
    5. Alexander Bick & Adam Blandin, 2022. "Employer Reallocation During the COVID-19 Pandemic: Validation and Application of a Do-It-Yourself CPS," Working Papers 2022-012, Federal Reserve Bank of St. Louis.
    6. Victor K. L. Cheung, 2024. "Practical Considerations of Workplace Wellbeing Management under Post-Pandemic Work-from-Home Conditions," IJERPH, MDPI, vol. 21(7), pages 1-10, July.
    7. Cowan, Benjamin & Jones, Todd R., 2025. "Social Substitution? Time Use Responses to Increased Workplace Isolation," IZA Discussion Papers 18112, IZA Network @ LISER.
    8. Розинская Н. А. & Розинский И. А., 2021. ""Дачная Перспектива" Удаленной Занятости," Вопросы государственного и муниципального управления // Public administration issues, НИУ ВШЭ, issue 2, pages 87-106.
    9. Stephen Hansen & Peter John Lambert & Nicholas Bloom & Steven J. Davis & Raffaella Sadun & Bledi Taska, 2023. "Remote Work across Jobs, Companies, and Space," NBER Working Papers 31007, National Bureau of Economic Research, Inc.
    10. Gottlieb, Charles & Grobovsek, Jan & Poschke, Markus & Saltiel, Fernando, 2020. "Working from Home in Developing Countries," IZA Discussion Papers 13737, IZA Network @ LISER.
    11. Kogus, Ayelet & Brůhová Foltýnová, Hana & Gal-Tzur, Ayelet & Shiftan, Yuval & Vejchodská, Eliška & Shiftan, Yoram, 2022. "Will COVID-19 accelerate telecommuting? A cross-country evaluation for Israel and Czechia," Transportation Research Part A: Policy and Practice, Elsevier, vol. 164(C), pages 291-309.
    12. Christos A. Makridis, 2025. "The Allocation of Time and Remote Work," CESifo Working Paper Series 12363, CESifo.
    13. Brotherhood, Luiz & Kircher, Philipp & Santos, Cezar & Tertilt, Michèle, 2023. "Optimal Age-based Policies for Pandemics: An Economic Analysis of Covid-19 and Beyond," IDB Publications (Working Papers) 13295, Inter-American Development Bank.
    14. Bratti, Massimiliano & Brunetti, I. & Corvasce, A. & Maida, Agata & Ricci, Andrea, 2024. "Did COVID-19 (Permanently) Raise the Demand for "Teleworkable" Jobs?," IZA Discussion Papers 16906, IZA Network @ LISER.
    15. Delbosc, Alexa & Currie, Graham & Jain, Taru & Aston, Laura, 2022. "The ‘re-norming’ of working from home during COVID-19: A transtheoretical behaviour change model of a major unplanned disruption," Transport Policy, Elsevier, vol. 127(C), pages 15-21.
    16. Zoltán Tánczos & Borbála Bernadett Zala & Zsolt Szakály & László Tóth & József Bognár, 2022. "Home Office, Health Behavior and Workplace Health Promotion of Employees in the Telecommunications Sector during the Pandemic," IJERPH, MDPI, vol. 19(18), pages 1-11, September.
    17. Adrjan, Pawel & Ciminelli, Gabriele & Judes, Alexandre & Koelle, Michael & Schwellnus, Cyrille & Sinclair, Tara M., 2025. "Working from home after COVID-19: Evidence from job postings in 20 countries," Labour Economics, Elsevier, vol. 96(C).
    18. Laura Ketter & Todd Morris & Lizi Yu, 2025. "A new equilibrium: COVID-19 lockdowns and WFH persistence," Papers 2506.16671, arXiv.org.
    19. Kalenkoski, Charlene Marie & Pabilonia, Sabrina Wulff, 2021. "Impacts of COVID-19 on the Self-employed," GLO Discussion Paper Series 843, Global Labor Organization (GLO).
    20. Feng, Gen-Fu & Yang, Hao-Chang & Gong, Qiang & Chang, Chun-Ping, 2021. "What is the exchange rate volatility response to COVID-19 and government interventions?," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 705-719.
    21. Hakan Yilmazkuday, 2020. "COVID-19 and Unequal Social Distancing across Demographic Groups," Working Papers 2006, Florida International University, Department of Economics.
    22. Paweł Ziemba & Mateusz Piwowarski & Kesra Nermend, 2023. "Remote Work in Post-Pandemic Reality—Multi-Criteria Evaluation of Teleconferencing Software," Sustainability, MDPI, vol. 15(13), pages 1-20, June.
    23. Eunice S. Han, 2024. "How did the COVID‐19 pandemic affect men's and women's returns to unionization?," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 63(2), pages 172-204, April.
    24. Benjamin W. Cowan & Todd R. Jones, 2025. "Social Substitution? Time Use Responses to Increased Workplace Isolation," CESifo Working Paper Series 12117, CESifo.
    25. Mumtaz Ali Memon & Saba Shaikh & Muhammad Zeeshan Mirza & Asfia Obaid & Nuttawuth Muenjohn & Hiram Ting, 2022. "Work-From-Home in the New Normal: A Phenomenological Inquiry into Employees’ Mental Health," IJERPH, MDPI, vol. 20(1), pages 1-19, December.
    26. Meixner-Yun, Tae Kyeong & Gërxhani, Klarita & van de Rijt, Arnout, 2025. "Does gender status bias carry over from in-person to virtual interaction?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 20, pages 1-12.
    27. Masayuki MORIKAWA, 2021. "Productivity of Working from Home during the COVID-19 Pandemic: Panel Data Analysis," Discussion papers 21078, Research Institute of Economy, Trade and Industry (RIETI).
    28. Kim, Jiyeon, 2021. "Searching for the Cause of the Gender Gap in Employment Losses during the COVID-19 Crisis," KDI Journal of Economic Policy, Korea Development Institute (KDI), vol. 43(2), pages 53-79.
    29. Althoff, Lukas & Eckert, Fabian & Ganapati, Sharat & Walsh, Conor, 2022. "The Geography of Remote Work," Regional Science and Urban Economics, Elsevier, vol. 93(C).
    30. Nurul Syawani Afieqa Abd Wahid & Faizah Mohd Fakhruddin, 2025. "Work From Home (WFH) Experience: A Case of M Telecommunications Company in Kuala Lumpur, Malaysia," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(2), pages 161-178, February.
    31. Jose Maria Barrero & Nicholas Bloom & Steven J. Davis & Brent Meyer, 2021. "COVID-19 Is a Persistent Reallocation Shock," FRB Atlanta Working Paper 2021-3, Federal Reserve Bank of Atlanta.
    32. Brem, Alexander & Viardot, Eric & Nylund, Petra A., 2021. "Implications of the coronavirus (COVID-19) outbreak for innovation: Which technologies will improve our lives?," Technological Forecasting and Social Change, Elsevier, vol. 163(C).
    33. Sewon Hur, 2020. "The Distributional Effects of COVID-19 and Optimal Mitigation Policies," Globalization Institute Working Papers 400, Federal Reserve Bank of Dallas, revised 12 May 2022.
    34. Barrero, Jose Maria & Bloom, Nick & Davis, Steven J., 2020. "Why Working From Home Will Stick," SocArXiv wfdbe, Center for Open Science.
    35. Yi-Ching Lee & Lindsey A. Malcein & Sojung Claire Kim, 2021. "Information and Communications Technology (ICT) Usage during COVID-19: Motivating Factors and Implications," IJERPH, MDPI, vol. 18(7), pages 1-14, March.
    36. Hyoung-Yong Choi, 2022. "Working in the Metaverse: Does Telework in a Metaverse Office Have the Potential to Reduce Population Pressure in Megacities? Evidence from Young Adults in Seoul, South Korea," Sustainability, MDPI, vol. 14(6), pages 1-17, March.
    37. Arntz, Melanie & Böhm, Michael & Graetz, Georg & Gregory, Terry & Lehmer, Florian & Lipowski, Cäcilia, 2024. "Firm-level technology adoption in times of crisis," ZEW Discussion Papers 24-057, ZEW - Leibniz Centre for European Economic Research.
    38. Adina-Maria IORGANDA (VODA) & Monica ROMAN, 2020. "Work From Home By Occupation In Romania: Initial Assesment In The Context Of Covid-19 Pandemic," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 811-820, November.
    39. Wu, Hongyue & Chang, Yuan & Chen, Yunfeng, 2024. "Greenhouse gas emissions under work from home vs. office: An activity-based individual-level accounting model," Applied Energy, Elsevier, vol. 353(PB).
    40. Titan Alon & Matthias Doepke & Jane Olmstead-Rumsey & Michèle Tertilt, 2020. "This Time It's Different: The Role of Women's Employment in a Pandemic Recession," NBER Working Papers 27660, National Bureau of Economic Research, Inc.
    41. Masayuki Morikawa, 2024. "Productivity dynamics of work from home: Firm-level evidence from Japan," Journal of Evolutionary Economics, Springer, vol. 34(2), pages 465-487, April.
    42. Shen, Lingbo, 2022. "Essays on behavioral finance and corporate finance," Other publications TiSEM a9b98a25-a208-4ba6-9344-9, Tilburg University, School of Economics and Management.
    43. Jinwon Kim & Dede Long, 2024. "Working from home, commuting time, and intracity house‐price gradients," Journal of Regional Science, Wiley Blackwell, vol. 64(3), pages 866-895, June.
    44. Vahagn Jerbashian & Montserrat Vilalta-Bufí, 2025. "Working from home in European countries before and during the COVID-19 pandemic," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 16(1), pages 83-106, March.
    45. Daniel Albalate & Xavier Fageda, 2022. ""Have Low Emission Zones slowed urban traffic recovery after Covid-19?"," IREA Working Papers 202222, University of Barcelona, Research Institute of Applied Economics, revised Dec 2022.
    46. Bamieh, Omar & Ziegler, Lennart, 2022. "Are remote work options the new standard? Evidence from vacancy postings during the COVID-19 crisis," Labour Economics, Elsevier, vol. 76(C).
    47. Howard, Greg & Liebersohn, Jack & Ozimek, Adam, 2023. "The short- and long-run effects of remote work on U.S. housing markets," Journal of Financial Economics, Elsevier, vol. 150(1), pages 166-184.
    48. Sitian Liu & Yichen Su, 2020. "The Impact of the COVID-19 Pandemic on the Demand for Density: Evidence from the U.S. Housing Market," Working Papers 2024, Federal Reserve Bank of Dallas, revised 23 Oct 2020.
    49. Adams-Prassl, Abi & Boneva, Teodora & Golin, Marta & Rauh, Christopher, 2022. "Work that can be done from home: evidence on variation within and across occupations and industries," Labour Economics, Elsevier, vol. 74(C).
    50. Julia Darby & Stuart McIntyre & Graeme Roy, 2022. "What can analysis of 47 million job advertisements tell us about how opportunities for homeworking are evolving in the United Kingdom?," Industrial Relations Journal, Wiley Blackwell, vol. 53(4), pages 281-302, July.
    51. Ning Cai & Wen He & Guoqiang Wu & Xin Yu, 2024. "Online voting and minority shareholder dissent: Evidence from China," Financial Management, Financial Management Association International, vol. 53(2), pages 327-352, June.
    52. Burdett, Ashley & Etheridge, Ben & Tang, Li & Wang, Yikai, 2024. "Worker productivity during Covid-19 and adaptation to working from home," European Economic Review, Elsevier, vol. 167(C).
    53. Zhang, Dandan & Liu, Yaxuan & Zhao, Yiling, 2024. "Working mothers' dilemma during the COVID-19 pandemic: Evidence from China," China Economic Review, Elsevier, vol. 84(C).
    54. Agnes Nyamenaose Essuman & Michael Provide Fumey & John Wiredu & Gifty Takyiwaa Aboagye & Emmanuel Tettey Abaitey, 2024. "Examining the Substantive Effects of Remote Work on the Advancement of Employee Flourishing within Professional Environments," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(5), pages 338-359, May.
    55. Aviad Navon & Ram Machlev & David Carmon & Abiodun Emmanuel Onile & Juri Belikov & Yoash Levron, 2021. "Effects of the COVID-19 Pandemic on Energy Systems and Electric Power Grids—A Review of the Challenges Ahead," Energies, MDPI, vol. 14(4), pages 1-14, February.
    56. Jia, Grace & Ng, Kaitlyn & Ugurel, Ekin & Lee, Brian & Pendyala, Ram & Chen, Cynthia, 2025. "COVID & telecommuting-induced changes in individual activity and travel patterns: Evidence from the Puget Sound Region," Transport Policy, Elsevier, vol. 173(C).
    57. Lindsay G. Oades & Aaron Jarden & Hanchao Hou & Corina Ozturk & Paige Williams & Gavin R. Slemp & Lanxi Huang, 2021. "Wellbeing Literacy: A Capability Model for Wellbeing Science and Practice," IJERPH, MDPI, vol. 18(2), pages 1-12, January.
    58. Nicolás González-Pampillón & Gonzalo Nunez-Chaim & Katharina Ziegler, 2021. "Recovering from the first Covid-19 lockdown: Economic impacts of the UK's Eat Out to Help Out scheme," CEP Covid-19 Analyses cepcovid-19-018, Centre for Economic Performance, LSE.
    59. Jose Maria Barrero & Nicholas Bloom & Steven J. Davis, 2021. "Internet Access and its Implications for Productivity, Inequality, and Resilience," NBER Working Papers 29102, National Bureau of Economic Research, Inc.
    60. John McLaren & Su Wang, 2020. "Effects of Reduced Workplace Presence on COVID-19 Deaths: An Instrumental-Variables Approach," NBER Working Papers 28275, National Bureau of Economic Research, Inc.
    61. Sybil Geldart, 2022. "Remote Work in a Changing World: A Nod to Personal Space, Self-Regulation and Other Health and Wellness Strategies," IJERPH, MDPI, vol. 19(8), pages 1-9, April.
    62. Titan Alon & Minki Kim & David Lagakos & Mitchell Vuren, 2023. "Macroeconomic Effects of COVID-19 Across the World Income Distribution," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(1), pages 99-147, March.
    63. Kagerl, Christian & Starzetz, Julia, 2022. "Working from Home for Good? Lessons Learned from the COVID-19 Pandemic and What This Means for the Future of Work," VfS Annual Conference 2022 (Basel): Big Data in Economics 264061, Verein für Socialpolitik / German Economic Association.
    64. Youjin Hahn & Hyuncheol Bryant Kim & Hee-Seung Yang, 2023. "Impacts of In-Person School Days on Student Outcomes and Inequality: Evidence from Korean High Schools during the Pandemic," Working papers 2023rwp-223, Yonsei University, Yonsei Economics Research Institute.
    65. Christos Makridis & Christos A. Makridis, 2026. "Measuring the Ins and Outs of Remote Work: New Evidence from the Gallup Workplace Panel," CESifo Working Paper Series 12411, CESifo.
    66. Peer Henri Kieweg & Stefanie Schöberl & Gabriele Palozzi, 2021. "The Role of Communication In COVID-19 Crisis Management: Findings about Information Behavior of German and Italian Young People," International Journal of Business Research and Management (IJBRM), Computer Science Journals (CSC Journals), vol. 12(5), pages 263-288, October.
    67. Alexander Bick & Adam Blandin & David Deming, 2024. "The Rapid Adoption of Generative AI," Working Papers 2024-027, Federal Reserve Bank of St. Louis, revised 27 Oct 2025.
    68. Hakan Yilmazkuday, 2021. "Changes in Consumption in the Early COVID-19 Era: Zip-Code Level Evidence from the U.S," JRFM, MDPI, vol. 14(10), pages 1-10, October.
    69. Kambayashi, Ryo & Ohyama, Atsushi, 2025. "Work from Home, Management, and Technology," IZA Discussion Papers 17668, IZA Network @ LISER.
    70. Stefania Albanesi & Jiyeon Kim, 2021. "The Gendered Impact of the COVID-19 Recession on the US Labor Market," NBER Working Papers 28505, National Bureau of Economic Research, Inc.
    71. Carlo Drago & Luisa Errichiello, 2024. "Remote Work admist the Covid-19 outbreak: Insights from an Ensemble Community-Based Keyword Network Analysis," Working Papers 2024.05, Fondazione Eni Enrico Mattei.
    72. Bietenbeck, Jan & Irmert, Natalie & Nilsson, Therese, 2024. "Individualism and Working from Home," Working Paper Series 1498, Research Institute of Industrial Economics.
    73. Crescenzi, Riccardo & Giua, Mara & Rigo, Davide, 2022. "How many jobs can be done at home? Not as many as you think!," LSE Research Online Documents on Economics 117523, London School of Economics and Political Science, LSE Library.
    74. Shu Da & Silje Fossum Fladmark & Irina Wara & Marit Christensen & Siw Tone Innstrand, 2022. "To Change or Not to Change: A Study of Workplace Change during the COVID-19 Pandemic," IJERPH, MDPI, vol. 19(4), pages 1-15, February.
    75. Nicholas Bloom & Arjun Ramani, 2021. "The donut effect of Covid-19 on cities," CEP Discussion Papers dp1793, Centre for Economic Performance, LSE.
    76. Fisher, Adlai & Knesl, Jiří & Lee, Ryan C.Y., 2025. "How valuable is corporate adaptation to crisis? Estimates from Covid-19 work-from-home announcements," Journal of Financial Economics, Elsevier, vol. 174(C).
    77. Akan, Mert & Barrero, José María & Bloom, Nicholas & Bowen, Tom & Buckman, Shelby Rae & Davis, Steven J. & Kim, Hyoseul, 2025. "The New Geography of Labor Markets," IZA Discussion Papers 18278, IZA Network @ LISER.
    78. Christoph Müller, 2024. "The COVID-19 pandemic and firms’ E-learning use: implications for inequality in training opportunities," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 58(1), pages 1-15, December.
    79. Masayuki Morikawa, 2023. "Productivity dynamics of remote work during the COVID‐19 pandemic," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 62(3), pages 317-331, July.
    80. Gottlieb, Charles & Grobovsek, Jan & Poschke, Markus & Saltiel, Fernando, 2020. "Lockdown Accounting," IZA Discussion Papers 13397, IZA Network @ LISER.
    81. Alexander Bick & Adam Blandin & Karel Mertens & Hannah Rubinton, 2024. "Work from Home and Interstate Migration," Working Papers 2024-012, Federal Reserve Bank of St. Louis.
    82. Sangmin Aum & Sang Yoon (Tim) Lee & Yongseok Shin, 2022. "Who Should Work from Home During a Pandemic? The Wage-Infection Trade-off," Review, Federal Reserve Bank of St. Louis, vol. 104(2), pages 92-109.
    83. Behrens, Kristian & Kichko, Sergei & Thisse, Jacques-Francois, 2024. "Working from home: Too much of a good thing?," Regional Science and Urban Economics, Elsevier, vol. 105(C).
    84. Brotherhood, Luiz & Kircher, Philipp & Santos, Cezar & Tertilt, Michele, 2024. "Optimal Age-based Policies for Pandemics: An Economic Analysis of Covid-19 and Beyond," LIDAM Discussion Papers CORE 2024012, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    85. Alexander Bick & Adam Blandin & Aidan Caplan & Tristan Caplan, 2024. "Measuring Trends in Work From Home: Evidence from Six U.S. Datasets," Working Papers 2024-023, Federal Reserve Bank of St. Louis, revised 12 Dec 2024.
    86. Gheyath Chalabi & Hussein Dia, 2024. "Telecommuting and Travel Behaviour: A Survey of White-Collar Employees in Adelaide, Australia," Sustainability, MDPI, vol. 16(7), pages 1-28, March.
    87. Achard, Pascal & Belot, Michèle & Chevalier, Arnaud, 2025. "When Parents Work from Home," IZA Discussion Papers 17957, IZA Network @ LISER.
    88. BarthŽlŽmy Bonadio & Zhen Huo & Andrei A. Levchenko & Nitya Pandalai-Nayar, 2021. "Global Supply Chains in the Pandemic," Working Papers 683, Research Seminar in International Economics, University of Michigan.
    89. Franz Ulrich Ruch & Temel Taskin, 2024. "Global Demand and Supply Sentiment: Evidence From Earnings Calls," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 86(2), pages 314-334, April.
    90. Sabrina Wulff Pabilonia & Victoria Vernon, 2025. "Remote work, wages, and hours worked in the United States," Journal of Population Economics, Springer;European Society for Population Economics, vol. 38(1), pages 1-49, March.
    91. Lei Fang & Jun Nie & Zoe Xie, 2020. "Unemployment Insurance during a Pandemic," FRB Atlanta Working Paper 2020-13a, Federal Reserve Bank of Atlanta.
    92. Rosa Caiazza & Phillip Phan & Erik Lehmann & Henry Etzkowitz, 2021. "An absorptive capacity-based systems view of Covid-19 in the small business economy," International Entrepreneurship and Management Journal, Springer, vol. 17(3), pages 1419-1439, September.
    93. Eva L. Bergsten & Katarina Wijk & David M. Hallman, 2021. "Relocation to Activity-Based Workplaces (ABW)—Importance of the Implementation Process," IJERPH, MDPI, vol. 18(21), pages 1-16, October.
    94. Lallement, Laura, 2023. "Policy Brief The Impact Of The Covid-19 Pandemic On Work, Productivity, And Innovation In France," Thesis Commons wdxuk, Center for Open Science.
    95. Gibbs, Michael & Mengel, Friederike & Siemroth, Christoph, 2021. "Work from Home & Productivity: Evidence from Personnel & Analytics Data on IT Professionals," IZA Discussion Papers 14336, IZA Network @ LISER.
    96. Jose Maria Barrero & Nick Bloom & Steven J. Davis, 2020. "60 Million Fewer Commuting Hours Per Day: How Americans Use Time Saved by Working from Home," Working Papers 2020-132, Becker Friedman Institute for Research In Economics.
    97. Bensnes, Simon & Hernaes, Øystein & King, Max-Emil M., 2025. "No Payoff from Time Off? Mandated Paid Vacation and Late-Career Employment," IZA Discussion Papers 18121, IZA Network @ LISER.
    98. Keenan, Enda, 2026. "The Decline in Average Hours Worked in Ireland," Research Technical Papers 01/RT/26, Central Bank of Ireland.
    99. Erdsiek, Daniel, 2021. "Working from home during COVID-19 and beyond: Survey evidence from employers," ZEW Discussion Papers 21-051, ZEW - Leibniz Centre for European Economic Research.
    100. Bakalova, Irina & Berlinschi, Ruxanda & Fidrmuc, Jan & Dzyuba, Yuri, 2021. "COVID-19, Working from Home and the Potential Reverse Brain Drain," GLO Discussion Paper Series 845, Global Labor Organization (GLO).
    101. Stefania Albanesi, 2023. "The Outlook for Women's Employment and Labor Force Participation," NBER Working Papers 31916, National Bureau of Economic Research, Inc.
    102. Lukas Althoff & Fabian Eckert & Sharat Ganapati & Conor Walsh, 2020. "The City Paradox: Skilled Services and Remote Work," Opportunity and Inclusive Growth Institute Working Papers 43, Federal Reserve Bank of Minneapolis.
    103. Van Landeghem, Bert & Dohmen, Thomas & Hole, Arne Risa & Künn-Nelen, Annemarie, 2024. "The value of commuting time, flexibility, and job security: Evidence from current and recent jobseekers in Flanders," Labour Economics, Elsevier, vol. 91(C).
    104. Jiang, Ying & Yin, Guikun & Shao, Qinglong, 2025. "Individualism and support for COVID-19 government interventions: The moderating role of perceived economic risk," Economics & Human Biology, Elsevier, vol. 58(C).
    105. Chiara Tasselli & Tindara Addabbo, 2026. "The Gender Wage Gap: Evidence from Organisations in Northern Italy," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 12(1), pages 639-667, March.
    106. Nicholas Bloom & Steven J. Davis & Yulia Zhestkova, 2020. "COVID-19 Shifted Patent Applications Toward Technologies that Support Working from Home," Working Papers 2020-133, Becker Friedman Institute for Research In Economics.
    107. Albert Weichselbraun & Norman Süsstrunk & Roger Waldvogel & André Glatzl & Adrian M. P. Braşoveanu & Arno Scharl, 2024. "Anticipating Job Market Demands—A Deep Learning Approach to Determining the Future Readiness of Professional Skills," Future Internet, MDPI, vol. 16(5), pages 1-19, April.
    108. Alina Wilke & Paul J. J. Welfens, 2022. "An Analysis of Corona Pandemic-related Productivity Growth in Germany: Sectoral Aspects, Work-From-Home Perspectives and Digitalization Intensity," EIIW Discussion paper disbei313, Universitätsbibliothek Wuppertal, University Library.
    109. Mueller-Langer, Frank & Gómez-Herrera, Estrella, 2022. "Mobility restrictions and the substitution between on-site and remote work: Empirical evidence from a European online labour market," Information Economics and Policy, Elsevier, vol. 58(C).
    110. Ketter, Laura & Morris, Todd & Yu, Lizi, 2025. "A New Equilibrium: COVID-19 Lockdowns and WFH Persistence," IZA Discussion Papers 17975, IZA Network @ LISER.
    111. Ralph Hippe & Damien Demailly & Claude Diebolt, 2022. "The Digital Transition for a Sustainable Mobility Regime? A Long-Run Perspective," Working Papers of BETA 2022-19, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    112. Christopher T. Stanton & Pratyush Tiwari, 2021. "Housing Consumption and the Cost of Remote Work," NBER Working Papers 28483, National Bureau of Economic Research, Inc.
    113. Pabilonia, Sabrina Wulff & Vernon, Victoria, 2021. "Telework, Wages, and Time Use in the United States," GLO Discussion Paper Series 546 [rev.], Global Labor Organization (GLO).
    114. Jain, Taru & Currie, Graham & Aston, Laura, 2022. "COVID and working from home: Long-term impacts and psycho-social determinants," Transportation Research Part A: Policy and Practice, Elsevier, vol. 156(C), pages 52-68.
    115. Jannis Bischof & Joachim Gassen & Anna Rohlfing-Bastian & Davud Rostam-Afschar & Caren Sureth-Sloane, 2024. "Accounting for Transparency: a Framework and Three Applications in Tax, Managerial, and Financial Accounting," Schmalenbach Journal of Business Research, Springer, vol. 76(4), pages 573-611, December.
    116. Kalenkoski, Charlene M. & Pabilonia, Sabrina Wulff, 2020. "Initial Impact of the COVID-19 Pandemic on the Employment and Hours of Self-Employed Coupled and Single Workers by Gender and Parental Status," IZA Discussion Papers 13443, IZA Network @ LISER.
    117. Morikawa, Masayuki, 2021. "Work-from-Home Productivity during the COVID-19 Pandemic: Evidence from Surveys of Employees and Employers," SSPJ Discussion Paper Series DP20-007, Service Sector Productivity in Japan: Determinants and Policies, Institute of Economic Research, Hitotsubashi University.
    118. Toshihiro Okubo, 2021. "Non-routine Tasks and ICT tools in Telework," Keio-IES Discussion Paper Series 2021-017, Institute for Economics Studies, Keio University.
    119. Sharfizie Mohd Sharip & Nur Rasyida Mohd Rashid & Syahrul Bariah Abdul Hamid & Asiah Abdullah & Noor Hidayah Pungot, 2023. "The Work from Home Revolution: WFH Starter Kit," Information Management and Business Review, AMH International, vol. 15(2), pages 226-237.
    120. Xi Luan & Jialu You, 2026. "Rat Race: Work Hours and Economic Inequality," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 17(1), pages 1799-1817, February.
    121. Gokan, Toshitaka & Kichko, Sergei & Matheson, Jesse A. & Thisse, Jacques-François, 2024. "How the rise of teleworking will reshape labor markets and cities," LIDAM Discussion Papers CORE 2024010, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    122. Okubo, Toshihiro, 2022. "Telework in the spread of COVID-19," Information Economics and Policy, Elsevier, vol. 60(C).
    123. Bamieh, Omar & Ziegler, Lennart, 2020. "How Does the COVID-19 Crisis Affect Labor Demand? An Analysis Using Job Board Data From Austria," IZA Discussion Papers 13801, IZA Network @ LISER.
    124. Alexander Bick & Adam Blandin & Aidan Caplan & Tristan Caplan, 2024. "Heterogeneity in Work From Home: Evidence from Six U.S. Datasets," Working Papers 2024-038, Federal Reserve Bank of St. Louis.
    125. Artz, Benjamin & Siemers, Sarinda & Li, Tianfang, 2025. "Work-from-Home Desires in the Post-COVID Workplace: Managerial and Gender Heterogeneity," IZA Discussion Papers 18089, IZA Network @ LISER.
    126. Samare P. I. Huls & Ayesha Sajjad & Tim A. Kanters & Leona Hakkaart-van Roijen & Werner B. F. Brouwer & Job van Exel, 2022. "Productivity of Working at Home and Time Allocation Between Paid Work, Unpaid Work and Leisure Activities During a Pandemic," PharmacoEconomics, Springer, vol. 40(1), pages 77-90, January.
    127. Andreas Hornstein, 2021. "Quarantine, Contact Tracing, and Testing: Implications of an Augmented SEIR Model," Working Paper 21-08, Federal Reserve Bank of Richmond.
    128. Johanna Lilja & Silje Fladmark & Sanna Nuutinen & Laura Bordi & Riitta-Liisa Larjovuori & Siw Tone Innstrand & Marit Christensen & Kirsi Heikkilä-Tammi, 2022. "COVID-19-Related Job Demands and Resources, Organizational Support, and Employee Well-Being: A Study of Two Nordic Countries," Challenges, MDPI, vol. 13(1), pages 1-20, March.
    129. José María Barrero & Nicholas Bloom & Kathryn Bonney & Cory Breaux & Catherine Buffington & Steven J. Davis & Lucia Foster & Brian McKenzie & Keith Savage & Cristina Tello-Trillo, 2025. "Tapping Business and Household Surveys to Sharpen Our View of Work from Home," Working Papers 25-36, Center for Economic Studies, U.S. Census Bureau.
    130. Anja Hahn & Sanela Omerovic & Sofie Waltl, 2025. "A Framework to Monitor the Effects of External Shocks on Housing Markets," Papers 2502.03012, arXiv.org.
    131. Gomez-Herrera, Estrella & Mueller-Langer, Frank, 2024. "Does information disclosure affect the gender gap in bidding behavior? Empirical evidence from a natural experiment on a large online labor platform," Labour Economics, Elsevier, vol. 90(C).
    132. A.V. Popov & T.S. Soloveva, 2021. "The Present and Future of the Employment Paradigm in the Context of Global Changes," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 20(2), pages 327-355.
    133. Migliore, Alessandra & Rossi-Lamastra, Cristina & Tagliaro, Chiara, 2025. "Home vs office: Does workspace design influence where academics conduct their research?," Research Policy, Elsevier, vol. 54(7).
    134. Hakan Yilmazkuday, 2021. "Unequal Welfare Costs of Staying at Home across Socioeconomic and Demographic Groups," Working Papers 2116, Florida International University, Department of Economics.
    135. Ishii, Kayoko & Yamamoto, Isamu & Nakayama, Mao, 2023. "Potential benefits and determinants of remote work during the COVID-19 pandemic: Evidence from Japanese Household Panel Data," Journal of the Japanese and International Economies, Elsevier, vol. 70(C).
    136. Lara Minkus & Nicolai Groepler & Sonja Drobnič, 2022. "The significance of occupations, family responsibilities, and gender for working from home: Lessons from COVID-19," PLOS ONE, Public Library of Science, vol. 17(6), pages 1-17, June.
    137. Simon Mongey & Laura Pilossoph & Alexander Weinberg, 2021. "Which workers bear the burden of social distancing?," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 19(3), pages 509-526, September.
    138. Yaneira Wilson & Yankel Fijalkow, 2024. "Energy Renovation and Inhabitants’ Health Literacy: Three Housing Buildings in Paris," Urban Planning, Cogitatio Press, vol. 9.
    139. Lordan, Grace & Josten, Cecily, 2021. "The accelerated value of social skills in knowledge work and the COVID-19 pandemic," LSE Research Online Documents on Economics 113364, London School of Economics and Political Science, LSE Library.
    140. Masayuki MORIKAWA, 2020. "Productivity of Working from Home during the COVID-19 Pandemic: Evidence from an Employee Survey," Discussion papers 20073, Research Institute of Economy, Trade and Industry (RIETI).
    141. Gilles Duranton & Jessie Handbury, 2023. "Covid and Cities, Thus Far," NBER Working Papers 31158, National Bureau of Economic Research, Inc.
    142. Nicolas Gonzalez-Pampillon & Gonzalo Nunez-Chaim & Henry G. Overman, 2022. "The economic impacts of the UK's eat out to help out scheme," CEP Discussion Papers dp1865, Centre for Economic Performance, LSE.
    143. Monique Frize & Lenka Lhotska & Loredana G. Marcu & Magdalena Stoeva & Gilda Barabino & Fatimah Ibrahim & Sierin Lim & Eleni Kaldoudi & Ana Maria Marques da Silva & Peck Ha Tan & Virginia Tsapaki & Ev, 2021. "The impact of COVID‐19 pandemic on gender‐related work from home in STEM fields—Report of the WiMPBME Task Group," Gender, Work and Organization, Wiley Blackwell, vol. 28(S2), pages 378-396, July.
    144. Esme Işık & Ayfer Özyılmaz & Metin Toprak & Yüksel Bayraktar & Figen Büyükakın & Mehmet Fırat Olgun, 2022. "Will Outbreaks Increase or Reduce Income Inequality? the Case of COVID-19," Istanbul Business Research, Istanbul University Business School, vol. 51(2), pages 583-605, November.
    145. Maani, Sholeh A., 2021. "COVID-19 Government Responses to Labour Market Disruptions and Economic Impacts: The New Zealand Model," IZA Discussion Papers 14929, IZA Network @ LISER.
    146. Sézard Timbi & Joel Stephan Tagne, 2021. "The effect of Covid-19 pandemic on labour market outcomes in Moldova," Economics Bulletin, AccessEcon, vol. 41(2), pages 478-489.
    147. Cicala, Steve, 2023. "JUE Insight: Powering work from home," Journal of Urban Economics, Elsevier, vol. 133(C).
    148. Sabrina Wulff Pabilonia & Victoria Vernon, 2023. "Who is doing the chores and childcare in dual-earner couples during the COVID-19 era of working from home?," Review of Economics of the Household, Springer, vol. 21(2), pages 519-565, June.
    149. Goulas, Sofoklis, 2025. "The Value of Remote Work: A Correspondence Experiment on Tutors," IZA Discussion Papers 17592, IZA Network @ LISER.
    150. Isley, Catherine & Low, Sarah A., 2022. "Broadband adoption and availability: Impacts on rural employment during COVID-19," Telecommunications Policy, Elsevier, vol. 46(7).
    151. Dingel, Jonathan I. & Neiman, Brent, 2020. "How many jobs can be done at home?," Journal of Public Economics, Elsevier, vol. 189(C).
    152. Luca, Davide & Özgüzel, Cem & Wei, Zhiwu, 2024. "The spatially uneven diffusion of remote jobs in Europe," LSE Research Online Documents on Economics 122651, London School of Economics and Political Science, LSE Library.
    153. Nicole Chaudhary & Megan Jones & Sean P. M. Rice & Laura Zeigen & Saurabh Suhas Thosar, 2024. "Transitioning to Working from Home Due to the COVID-19 Pandemic Significantly Increased Sedentary Behavior and Decreased Physical Activity: A Meta-Analysis," IJERPH, MDPI, vol. 21(7), pages 1-13, June.
    154. Xiao, Weiye & Li, Han & Yuan, Feng & Chen, Wen, 2024. "The 2-month lockdown and commuting behavior transformation in Shanghai: A phone signal data-based analysis," Transport Policy, Elsevier, vol. 150(C), pages 149-161.

  8. Lewis, Daniel & Mertens, Karel, 2022. "Dynamic Identification Using System Projections and Instrumental Variables," CEPR Discussion Papers 17153, C.E.P.R. Discussion Papers.

    Cited by:

    1. Andrew J. Fieldhouse & Karel Mertens, 2023. "The Returns to Government R&D: Evidence from U.S. Appropriations Shocks," Working Papers 2305, Federal Reserve Bank of Dallas, revised 21 Nov 2024.
    2. Andrew J. Fieldhouse & Karel Mertens, 2025. "The Social Returns to Public R&D," Working Papers 2519, Federal Reserve Bank of Dallas.

  9. Daniel J. Lewis & Karel Mertens, 2022. "A Robust Test for Weak Instruments with Multiple Endogenous Regressors," Staff Reports 1020, Federal Reserve Bank of New York.

    Cited by:

    1. Hack, Lukas & Istrefi, Klodiana & Meier, Matthias, 2023. "Identification of systematic monetary policy," Working Paper Series 2851, European Central Bank.
    2. Windmeijer, Frank, 2025. "The robust F-statistic as a test for weak instruments," Journal of Econometrics, Elsevier, vol. 247(C).
    3. Muyang Ren, 2025. "Extrapolating LATE with Weak IVs," Papers 2512.23854, arXiv.org.
    4. Stuart Lane & Frank Windmeijer, 2025. "Overidentification testing with weak instruments and heteroskedasticity," Papers 2509.21096, arXiv.org.
    5. Chang Liu & Yinxi Xie, 2023. "Understanding Inflation Dynamics: The Role of Government Expenditures," Staff Working Papers 23-30, Bank of Canada.
    6. Sangyup Choi & Kyung Woong Koh, 2026. "Resolving the Fiscal Price Puzzle: General Equilibrium Effects and the Composition of Government Spending," Working papers 2026rwp-280, Yonsei University, Yonsei Economics Research Institute.
    7. Manuel Fernández & Marco Gonzalez-Navarro & Climent Quintana-Domeque, 2025. "Local Public Goods and Property Tax Compliance: Experimental Evidence from Street Pavement," Documentos CEDE 2025-27, Universidad de los Andes, Facultad de Economía, CEDE.
    8. Chu, Yin & Holladay, J. Scott & Tian, Xian-Liang, 2025. "Patronage and pollution abatement," Journal of Public Economics, Elsevier, vol. 251(C).
    9. Wei, Wei & Young, Alex, 2025. "Beyond Russell reconstitution: A re-examination of methodologies for natural experiments," Journal of Corporate Finance, Elsevier, vol. 91(C).
    10. Campbell, Douglas & Brodeur, Abel & Dreber, Anna & Johannesson, Magnus & Kopecky, Joseph & Lusher, Lester & Tsoy, Nikita, 2024. "The Robustness Reproducibility of the American Economic Review," I4R Discussion Paper Series 124, The Institute for Replication (I4R).

  10. Daniel J. Lewis & Karel Mertens, 2022. "A Robust Test for Weak Instruments for 2SLS with Multiple Endogenous Regressors," Working Papers 2208, Federal Reserve Bank of Dallas, revised 26 Sep 2024.

    Cited by:

    1. Hack, Lukas & Istrefi, Klodiana & Meier, Matthias, 2023. "Identification of systematic monetary policy," Working Paper Series 2851, European Central Bank.
    2. Windmeijer, Frank, 2025. "The robust F-statistic as a test for weak instruments," Journal of Econometrics, Elsevier, vol. 247(C).
    3. Fernandez Sierra, Manuel & Gonzalez-Navarro, Marco & Quintana-Domeque, Climent, 2025. "Local Public Goods and Property Tax Compliance: Experimental Evidence from Street Pavement," IZA Discussion Papers 18082, IZA Network @ LISER.
    4. Muyang Ren, 2025. "Extrapolating LATE with Weak IVs," Papers 2512.23854, arXiv.org.
    5. Stuart Lane & Frank Windmeijer, 2025. "Overidentification testing with weak instruments and heteroskedasticity," Papers 2509.21096, arXiv.org.
    6. Chang Liu & Yinxi Xie, 2023. "Understanding Inflation Dynamics: The Role of Government Expenditures," Staff Working Papers 23-30, Bank of Canada.
    7. Sangyup Choi & Kyung Woong Koh, 2026. "Resolving the Fiscal Price Puzzle: General Equilibrium Effects and the Composition of Government Spending," Working papers 2026rwp-280, Yonsei University, Yonsei Economics Research Institute.
    8. Chu, Yin & Holladay, J. Scott & Tian, Xian-Liang, 2025. "Patronage and pollution abatement," Journal of Public Economics, Elsevier, vol. 251(C).
    9. Wei, Wei & Young, Alex, 2025. "Beyond Russell reconstitution: A re-examination of methodologies for natural experiments," Journal of Corporate Finance, Elsevier, vol. 91(C).
    10. Campbell, Douglas & Brodeur, Abel & Dreber, Anna & Johannesson, Magnus & Kopecky, Joseph & Lusher, Lester & Tsoy, Nikita, 2024. "The Robustness Reproducibility of the American Economic Review," I4R Discussion Paper Series 124, The Institute for Replication (I4R).

  11. Tyler Atkinson & Jim Dolmas & Christoffer Koch & Evan F. Koenig & Karel Mertens & Anthony Murphy & Kei-Mu Yi, 2020. "Mobility and Engagement Following the SARS-Cov-2 Outbreak," Working Papers 2014, Federal Reserve Bank of Dallas.

    Cited by:

    1. Sitian Liu & Yichen Su, 2020. "The Impact of the COVID-19 Pandemic on the Demand for Density: Evidence from the U.S. Housing Market," Working Papers 2024, Federal Reserve Bank of Dallas, revised 23 Oct 2020.
    2. Daniel Aaronson & Scott A. Brave & Michael Fogarty & Ezra Karger & Spencer D. Krane, 2021. "Tracking U.S. Consumers in Real Time with a New Weekly Index of Retail Trade," Working Paper Series WP-2021-05, Federal Reserve Bank of Chicago, revised 18 Jun 2021.
    3. Paul Ho & Thomas A. Lubik & Christian Matthes, 2020. "How To Go Viral: A COVID-19 Model with Endogenously Time-Varying Parameters," Working Paper 20-10, Federal Reserve Bank of Richmond.
    4. Peter Fuleky, 2020. "Nowcasting the Trajectory of the COVID-19 Recovery," Working Papers 202022, University of Hawaii at Manoa, Department of Economics.
    5. Constantin Bürgi & Nisan Gorgulu, 2020. "Social Distancing and the Economic Impact of Covid-19 in the United States," CESifo Working Paper Series 8577, CESifo.
    6. Xinba Li & Chuanrong Zhang, 2021. "Did the COVID-19 Pandemic Crisis Affect Housing Prices Evenly in the U.S.?," Sustainability, MDPI, vol. 13(21), pages 1-28, November.
    7. Brave, Scott A. & Butters, R. Andrew & Fogarty, Michael, 2022. "The perils of working with big data, and a SMALL checklist you can use to recognize them," Business Horizons, Elsevier, vol. 65(4), pages 481-492.
    8. Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi, 2020. "High Frequency Data and a Weekly Economic Index during the Pandemic," Staff Reports 954, Federal Reserve Bank of New York.

  12. Laura Feiveson & Nils M. Gornemann & Julie L. Hotchkiss & Karel Mertens & Jae W. Sim, 2020. "Distributional Considerations for Monetary Policy Strategy," Finance and Economics Discussion Series 2020-073, Board of Governors of the Federal Reserve System (U.S.).

    Cited by:

    1. Masek, Frantisek & Zemlicka, Jan, 2024. "Average inflation targeting: how far to look into the past and the future?," Working Paper Series 2955, European Central Bank.
    2. Cars Hommes & Mario He & Sebastian Poledna & Melissa Siqueira & Yang Zhang, 2022. "CANVAS: A Canadian Behavioral Agent-Based Model," Staff Working Papers 22-51, Bank of Canada.
    3. Julie L. Hotchkiss, 2021. "Will COVID-19 Erase Black Workers' Labor Market Gains?," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2021(2), pages 1-9, February.
    4. Dobrew, Michael & Gerke, Rafael & Giesen, Sebastian & Röttger, Joost, 2025. "Make-up strategies with incomplete markets and bounded rationality," European Economic Review, Elsevier, vol. 173(C).
    5. Darracq Pariès, Matthieu & Notarpietro, Alessandro & Kilponen, Juha & Papadopoulou, Niki & Zimic, Srečko & Aldama, Pierre & Langenus, Geert & Alvarez, Luis Julian & Lemoine, Matthieu & Angelini, Elena, 2021. "Review of macroeconomic modelling in the Eurosystem: current practices and scope for improvement," Occasional Paper Series 267, European Central Bank.
    6. Martin Ravallion, 2022. "Macroeconomic Covariates of Real Household Incomes in America," Working Papers gueconwpa~22-22-04, Georgetown University, Department of Economics.
    7. 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.
    8. Felipe Alves & Christian Bustamante & Xing Guo & Katya Kartashova & Soyoung Lee & Thomas Michael Pugh & Kurt See & Yaz Terajima & Alexander Ueberfeldt, 2022. "Heterogeneity and Monetary Policy: A Thematic Review," Discussion Papers 2022-2, Bank of Canada.

  13. Daniel J. Lewis & Karel Mertens & James H. Stock, 2020. "Monitoring Real Activity in Real Time: The Weekly Economic Index," Liberty Street Economics 20200330b, Federal Reserve Bank of New York.

    Cited by:

    1. Le, Thai-Ha & Boubaker, Sabri & Bui, Manh Tien & Park, Donghyun, 2023. "On the volatility of WTI crude oil prices: A time-varying approach with stochastic volatility," Energy Economics, Elsevier, vol. 117(C).
    2. Jean-Charles Bricongne & Baptiste Meunier & Raquel Caldeira, 2024. "Should Central Banks Care About Text Mining? A Literature Review," Working papers 950, Banque de France.
    3. Woloszko, Nicolas, 2024. "Nowcasting with panels and alternative data: The OECD weekly tracker," International Journal of Forecasting, Elsevier, vol. 40(4), pages 1302-1335.
    4. Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi, 2020. "Measuring Real Activity Using a Weekly Economic Index," Working Papers 2011, Federal Reserve Bank of Dallas, revised 02 Mar 2021.
    5. Fornaro, Paolo, 2020. "Nowcasting Industrial Production Using Uncoventional Data Sources," ETLA Working Papers 80, The Research Institute of the Finnish Economy.
    6. Patricia C. Mosser, 2020. "Central bank responses to COVID-19," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 55(4), pages 191-201, October.
    7. Nicolas Woloszko, 2020. "Tracking activity in real time with Google Trends," OECD Economics Department Working Papers 1634, OECD Publishing.
    8. Mariia Artemova & Francisco Blasques & Siem Jan Koopman & Zhaokun Zhang, 2021. "Forecasting in a changing world: from the great recession to the COVID-19 pandemic," Tinbergen Institute Discussion Papers 21-006/III, Tinbergen Institute.
    9. Marc Burri & Daniel Kaufmann, 2020. "A daily fever curve for the Swiss economy," IRENE Working Papers 20-05, IRENE Institute of Economic Research.
    10. Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi, 2020. "High Frequency Data and a Weekly Economic Index during the Pandemic," Staff Reports 954, Federal Reserve Bank of New York.

  14. Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi, 2020. "High Frequency Data and a Weekly Economic Index during the Pandemic," Staff Reports 954, Federal Reserve Bank of New York.

    Cited by:

    1. Kakuho Furukawa & Ryohei Hisano & Yukio Minoura & Tomoyuki Yagi, 2022. "A Nowcasting Model of Industrial Production using Alternative Data and Machine Learning Approaches," Bank of Japan Working Paper Series 22-E-16, Bank of Japan.
    2. Donato Ceci & Andrea Silvestrini, 2023. "Nowcasting the state of the Italian economy: The role of financial markets," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 42(7), pages 1569-1593, November.
    3. Luciano Campos & Danilo Leiva-León & Steven Zapata, 2022. "Latin American Falls, Rebounds and Tail," Working Papers 145, Red Nacional de Investigadores en Economía (RedNIE).
    4. Cooray, Arusha & Gangopadhyay, Partha & Das, Narasingha, 2023. "Causality between volatility and the weekly economic index during COVID-19: The predictive power of efficient markets and rational expectations," International Review of Financial Analysis, Elsevier, vol. 89(C).
    5. Knut Are Aastveit & Tuva Marie Fastbø & Eleonora Granziera & Kenneth Sæterhagen Paulsen & Kjersti Næss Torstensen, 2024. "Nowcasting Norwegian household consumption with debit card transaction data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(7), pages 1220-1244, November.
    6. Daniel Ollech & Deutsche Bundesbank, 2023. "Economic analysis using higher-frequency time series: challenges for seasonal adjustment," Empirical Economics, Springer, vol. 64(3), pages 1375-1398, March.
    7. Margaret M. Jacobson & Christian Matthes & Todd B. Walker, 2022. "Inflation Measured Every Day Keeps Adverse Responses Away: Temporal Aggregation and Monetary Policy Transmission," Finance and Economics Discussion Series 2022-054, Board of Governors of the Federal Reserve System (U.S.).
    8. Ollech, Daniel, 2021. "Economic analysis using higher frequency time series: Challenges for seasonal adjustment," Discussion Papers 53/2021, Deutsche Bundesbank.
    9. Luciano Campos & Danilo Leiva-León & Steven Zapata- Álvarez, 2022. "Latin American Falls, Rebounds and Tail Risks," Borradores de Economia 1201, Banco de la Republica de Colombia.
    10. Menezes, Flavio & Figer, Vivian & Jardim, Fernanda & Medeiros, Pedro, 2022. "A near real-time economic activity tracker for the Brazilian economy during the COVID-19 pandemic," Economic Modelling, Elsevier, vol. 112(C).
    11. Toledo Wilfredo, 2021. "Covid-19 and Unemployment: Evidence from Puerto Rico Using Bayesian Analyses with High-Frequency Data," Economics and Business, Sciendo, vol. 35(1), pages 174-189, January.
    12. Furukawa, Kakuho & Hisano, Ryohei & Minoura, Yukio & Yagi, Tomoyuki, 2024. "A nowcasting model of industrial production using alternative data and machine learning approaches," Japan and the World Economy, Elsevier, vol. 71(C).
    13. Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi, 2022. "Measuring real activity using a weekly economic index," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(4), pages 667-687, June.
    14. Rueben Ellul & Germano Ruisi, 2022. "Nowcasting the Maltese economy with a dynamic factor model," CBM Working Papers WP/02/2022, Central Bank of Malta.

  15. Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi, 2020. "Measuring Real Activity Using a Weekly Economic Index," Working Papers 2011, Federal Reserve Bank of Dallas, revised 02 Mar 2021.

    Cited by:

    1. Andrea Carriero & Todd E. Clark & Massimiliano Marcellino, 2022. "Nowcasting tail risk to economic activity at a weekly frequency," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(5), pages 843-866, August.
    2. Florian Eckert & Philipp Kronenberg & Heiner Mikosch & Stefan Neuwirth, 2025. "Tracking Economic Activity With Alternative High‐Frequency Data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 40(3), pages 270-290, April.
    3. Baron, E. Jason & Goldstein, Ezra G. & Wallace, Cullen T., 2020. "Suffering in silence: How COVID-19 school closures inhibit the reporting of child maltreatment," Journal of Public Economics, Elsevier, vol. 190(C).
    4. Miranda Gualdrón, Karen Alejandra & Poncela, Pilar & Ruiz Ortega, Esther, 2021. "Dynamic factor models: does the specification matter?," DES - Working Papers. Statistics and Econometrics. WS 32210, Universidad Carlos III de Madrid. Departamento de Estadística.
    5. Alexandre d'Aspremont & Simon Ben Arous & Jean-Charles Bricongne & Benjamin Lietti & Baptiste Meunier, 2024. "Satellites turn “concrete”: Tracking cement with satellite data and neural networks," Post-Print hal-05104995, HAL.
    6. Mahmood, Asif & Masood, Hina, 2024. "A High-frequency Monthly Measure of Real Economic Activity in Pakistan," MPRA Paper 121838, University Library of Munich, Germany.
    7. Toufique, M. M. K., 2020. "Why do some countries have more COVID-19 cases than others? Evidence from 70 most affected countries sans China," EconStor Preprints 222456, ZBW - Leibniz Information Centre for Economics.
    8. Valentina Aprigliano & Alessandro Borin & Francesco Paolo Conteduca & Simone Emiliozzi & Marco Flaccadoro & Sabina Marchetti & Stefania Villa, 2021. "Forecasting Italian GDP growth with epidemiological data," Questioni di Economia e Finanza (Occasional Papers) 664, Bank of Italy, Economic Research and International Relations Area.
    9. Arshad, Selvia & Beyer, Robert C.M., 2023. "Tracking economic fluctuations with electricity consumption in Bangladesh," Energy Economics, Elsevier, vol. 123(C).
    10. Andrea Carriero & Todd E. Clark & Marcellino Massimiliano, 2020. "Nowcasting Tail Risks to Economic Activity with Many Indicators," Working Papers 20-13R2, Federal Reserve Bank of Cleveland, revised 22 Sep 2020.
    11. Ali B. Barlas & Seda Guler Mert & Berk Orkun Isa & Alvaro Ortiz & Tomasa Rodrigo & Baris Soybilgen & Ege Yazgan, 2024. "Big data financial transactions and GDP nowcasting: The case of Turkey," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(2), pages 227-248, March.
    12. Donato Ceci & Andrea Silvestrini, 2023. "Nowcasting the state of the Italian economy: The role of financial markets," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 42(7), pages 1569-1593, November.
    13. Ezra Karger & Aastha Rajan, 2020. "Heterogeneity in the Marginal Propensity to Consume: Evidence from Covid-19 Stimulus Payments," Working Paper Series WP 2020-15, Federal Reserve Bank of Chicago.
    14. Eraslan, Sercan & Reif, Magnus, 2023. "A latent weekly GDP indicator for Germany," Technical Papers 08/2023, Deutsche Bundesbank.
    15. Fernández-Villaverde, Jesús & Arias, Jonas & Rubio-Ramírez, Juan Francisco & Shin, Minchul, 2021. "Bayesian Estimation of Epidemiological Models: Methods, Causality, and Policy Trade-Offs," CEPR Discussion Papers 15951, C.E.P.R. Discussion Papers.
    16. Jose Asturias & William R. Bell & Rebecca Hutchinson & Tucker McElroy & Katherine J. Thompson, 2023. "Building the Census Bureau Index of Economic Activity (IDEA)," Working Papers 23-15, Center for Economic Studies, U.S. Census Bureau.
    17. Martín Almuzara & Richard Audoly & Davide Melcangi, 2025. "A Measure of Trend Wage Inflation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 40(5), pages 508-520, August.
    18. Urom, Christian & Ndubuisi, Gideon & Ozor, Jude, 2021. "Economic activity, and financial and commodity markets’ shocks: An analysis of implied volatility indexes," International Economics, Elsevier, vol. 165(C), pages 51-66.
    19. Emiliozzi, Simone & Rondinelli, Concetta & Villa, Stefania, 2025. "Unveiling consumption patterns during COVID-19: Insights from credit cards," Economic Modelling, Elsevier, vol. 147(C).
    20. Guglielmo Maria Caporale & Abdurrahman Nazif Çatık & Mohamad Husam Helmi & Coşkun Akdeniz & Ali İlhan, 2024. "Time-varying effects of the COVID-19 pandemic on stock markets and economic activity: evidence from the US and Europe," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(2), pages 529-558, May.
    21. Artemova, Mariia, 2025. "An order-invariant score-driven dynamic factor model," Journal of Econometrics, Elsevier, vol. 251(C).
    22. Bricongne, Jean-Charles & Meunier, Baptiste & Pouget, Sylvain, 2023. "Web-scraping housing prices in real-time: The Covid-19 crisis in the UK," Journal of Housing Economics, Elsevier, vol. 59(PB).
    23. Miescu, Mirela & Rossi, Raffaele, 2021. "COVID-19-induced shocks and uncertainty," European Economic Review, Elsevier, vol. 139(C).
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    26. Knut Are Aastveit & Tuva Marie Fastbø & Eleonora Granziera & Kenneth Sæterhagen Paulsen & Kjersti Næss Torstensen, 2024. "Nowcasting Norwegian household consumption with debit card transaction data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(7), pages 1220-1244, November.
    27. Le, Thai-Ha & Boubaker, Sabri & Bui, Manh Tien & Park, Donghyun, 2023. "On the volatility of WTI crude oil prices: A time-varying approach with stochastic volatility," Energy Economics, Elsevier, vol. 117(C).
    28. Ali Batuhan Barlas & Seda Guler Mert & Berk Orkun Isa & Alvaro Ortiz & Tomasa Rodrigo & Baris Soybilgen & Ege Yazgan, 2021. "Turquía | Big Data y Nowcasting: consumo e inversión de transacciones bancarias [Turkey | Big Data and Nowcasting: Consumption and Investment from Bank Transactions]," Working Papers 21/07, BBVA Bank, Economic Research Department.
    29. Sharada Nia Davidson & Kevin Connolly & Ciara Crummey & Niccolo Brazzelli & Mairi Spowage, 2022. "Building a Suite of Subnational Socioeconomic Indicators for the United Kingdom: Opportunities, Challenges and Recommendations," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2022-13, Economic Statistics Centre of Excellence (ESCoE).
    30. Daniel Aaronson & Scott A. Brave & Michael Fogarty & Ezra Karger & Spencer D. Krane, 2021. "Tracking U.S. Consumers in Real Time with a New Weekly Index of Retail Trade," Working Paper Series WP-2021-05, Federal Reserve Bank of Chicago, revised 18 Jun 2021.
    31. Gergely Buda & Vasco M. Carvalho & Giancarlo Corsetti & João Duarte & Stephen Hansen & Afonso Pereira da Silva & Alvaro Ortiz & Tomasa Rodrigo & Guilherme Alves da Silva & José V. Rodríguez Mora, 2025. "España | Los cortos retardos de la política monetaria [Spain | The Short Lags of Monetary Policy]," Working Papers 25/02, BBVA Bank, Economic Research Department.
    32. Daniel Ollech & Deutsche Bundesbank, 2023. "Economic analysis using higher-frequency time series: challenges for seasonal adjustment," Empirical Economics, Springer, vol. 64(3), pages 1375-1398, March.
    33. Tyler Atkinson & Jim Dolmas & Christoffer Koch & Evan F. Koenig & Karel Mertens & Anthony Murphy & Kei-Mu Yi, 2020. "Mobility and Engagement Following the SARS-Cov-2 Outbreak," Working Papers 2014, Federal Reserve Bank of Dallas.
    34. Philipp Wegmüller & Christian Glocker, 2023. "US weekly economic index: Replication and extension," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(6), pages 977-985, September.
    35. Timothy Armstrong & Martin Weidner & Andrei Zeleneev, 2024. "Robust estimation and inference in panels with interactive fixed effects," IFS Working Papers WCWP28/24, Institute for Fiscal Studies.
    36. Simone Emiliozzi & Concetta Rondinelli & Stefania Villa, 2023. "Consumption during the Covid-19 pandemic: evidence from Italian credit cards," Questioni di Economia e Finanza (Occasional Papers) 769, Bank of Italy, Economic Research and International Relations Area.
    37. Yonatan Navon & Ashton de Silva, 2023. "Measuring Local Economic Activity Using Pedestrian Count Data," The Economic Record, The Economic Society of Australia, vol. 99(S1), pages 35-49, December.
    38. Kong, Edward & Prinz, Daniel, 2020. "Disentangling policy effects using proxy data: Which shutdown policies affected unemployment during the COVID-19 pandemic?," Journal of Public Economics, Elsevier, vol. 189(C).
    39. Corsi, Fulvio & Longo, Luigi & Cordoni, Francesco, 2025. "SVAR identification with nowcasted macroeconomic data," Journal of Economic Dynamics and Control, Elsevier, vol. 179(C).
    40. Youness EL amine & Mounir benboubker, 2025. "Analyzing the dynamics of oil price volatility: a comparative study of market fundamentals and global uncertainty," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 42(3), pages 829-851, October.
    41. Peter Fuleky, 2020. "Nowcasting the Trajectory of the COVID-19 Recovery," Working Papers 202022, University of Hawaii at Manoa, Department of Economics.
    42. Woloszko, Nicolas, 2024. "Nowcasting with panels and alternative data: The OECD weekly tracker," International Journal of Forecasting, Elsevier, vol. 40(4), pages 1302-1335.
    43. Frank Schorfheide & Dongho Song, 2020. "Real-Time Forecasting with a (Standard) Mixed-Frequency VAR During a Pandemic," Working Papers 20-26, Federal Reserve Bank of Philadelphia.
    44. Satoshi Urasawa, 2023. "The Usefulness of High-Frequency Alternative Data to Obtain Nowcasts for Japan’s GDP: Evidence from Credit Card Data," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 19(2), pages 191-211, September.
    45. Francisco Corona & Graciela González-Farías & Orlando Uc-Kantun & Jesús López-Pérez & René Benavidez-Maruri, 2025. "Daily Indicator of Mexico’s Economic Activity," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 23(4), pages 1145-1163, December.
    46. Ollech, Daniel, 2021. "Economic analysis using higher frequency time series: Challenges for seasonal adjustment," Discussion Papers 53/2021, Deutsche Bundesbank.
    47. Ana Beatriz Galvão & Michael Owyang, 2022. "Forecasting low‐frequency macroeconomic events with high‐frequency data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(7), pages 1314-1333, November.
    48. Dorji, Karma Minjur Phuntsho, 2024. "Exploring Nowcasting Techniques for Real-Time GDP Estimation in Bhutan," MPRA Paper 121380, University Library of Munich, Germany, revised 30 Jun 2024.
    49. Juan Pablo Cote-Barón & Karen L. Pulido-Mahecha & Nicol Valeria Rodríguez-Rodríguez & Carlos D. Rojas-Martínez, 2023. "El ISAE: Un Indicador para Monitorear la Actividad Económica Colombiana en Alta Frecuencia," Borradores de Economia 1225, Banco de la Republica de Colombia.
    50. Christiane Baumeister & Danilo Leiva-León & Eric R. Sims, 2021. "Tracking Weekly State-Level Economic Conditions," CESifo Working Paper Series 9165, CESifo.
    51. Jonas E. Arias & Jesús Fernández-Villaverde & Juan F. Rubio-Ramirez & Minchul Shin, 2021. "Bayesian Estimation of Epidemiological Models: Methods, Causality, and Policy Trade-Offs," Working Papers 21-18, Federal Reserve Bank of Philadelphia.
    52. Buda, G & Carvalho, V. M. & Corsetti, G & Duarte, J. B. & Hansen, S. & Moura, A. S. & Ortiz, A. & Rodrigo, T. & Rodríguez Mora, J. V. & Alves da Silva, G., 2025. "The Short Lags of Monetary Policy," Cambridge Working Papers in Economics 2509, Faculty of Economics, University of Cambridge.
      • Afonso S. Moura & Gergely Buda & Vasco M. Carvalho & Giancarlo Corsetti & João B. Duarte & Stephen Hansen & Álvaro Ortiz & Tomasa Rodrigo & José V. Rodríguez Mora & Guilherme Alves da Silva, 2025. "The Short Lags of Monetary Policy," Working Papers w202501, Banco de Portugal, Economics and Research Department.
    53. Gary Koop & Stuart McIntyre & James Mitchell & Aubrey Poon, 2022. "Reconciled Estimates of Monthly GDP in the US," Working Papers 22-01, Federal Reserve Bank of Cleveland.
    54. Ilan Noy & Nguyen Doan & Benno Ferrarini & Donghyun Park, 2020. "Measuring the Economic Risk of Covid-19," CESifo Working Paper Series 8373, CESifo.
    55. Demirguc-Kunt,Asli & Lokshin,Michael M. & Torre,Ivan, 2020. "The Sooner, the Better : The Early Economic Impact of Non-Pharmaceutical Interventions during the COVID-19 Pandemic," Policy Research Working Paper Series 9257, The World Bank.
    56. Francesco Casalena, 2024. "Back to normal? Assessing the Effects of the Federal Reserve's Quantitative Tightening," IHEID Working Papers 14-2024, Economics Section, The Graduate Institute of International Studies.
    57. Catherine Buffington & Carrie Dennis & Emin Dinlersoz & Lucia Foster & Shawn Klimek, 2020. "Measuring the Effect of COVID-19 on U.S. Small Businesses: The Small Business Pulse Survey," Working Papers 20-16, Center for Economic Studies, U.S. Census Bureau.
    58. Alvaro Ortiz & Tomasa Rodrigo & David Sarasa Flores & Pedro Torinos & Sirenia Vázquez, 2025. "España | ¿Qué dicen 240.000 nuevas operaciones de crédito sobre el impacto de fondos NGEU? [Spain | What can 240,000 new credit transactions tell us about the impact of NGEU funds?]," Working Papers 25/03, BBVA Bank, Economic Research Department.
    59. Steven Bond-Smith & Peter Fuleky, 2022. "The effects of the pandemic on the economy of Hawaii," Working Papers 2022-4, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
    60. Bullard, James, 2025. "Social learning for the masses," Journal of Economic Dynamics and Control, Elsevier, vol. 172(C).
    61. Aysu Celgin & Mahmut Gunay, 2020. "Weekly Economic Conditions Index for Turkey," CBT Research Notes in Economics 2018, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    62. Barend Abeln & Jan P. A. M. Jacobs, 2022. "COVID-19 and Seasonal Adjustment," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 18(2), pages 159-169, July.
    63. John O’Trakoun, 2022. "Business forecasting during the pandemic," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 57(3), pages 95-110, July.
    64. Ali B. Barlas & Seda Guler Mert & Berk Orkun Isa & Alvaro Ortiz & Tomasa Rodrigo & Baris Soybilgen & Ege Yazgan, 2021. "Big Data Information and Nowcasting: Consumption and Investment from Bank Transactions in Turkey," Papers 2107.03299, arXiv.org.
    65. Dunbar, Kwamie & Owusu-Amoako, Johnson & Treku, Daniel N., 2024. "Unveiling the Nexus: Carbon finance and climate technology advancements," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    66. Aprigliano, Valentina & Emiliozzi, Simone & Guaitoli, Gabriele & Luciani, Andrea & Marcucci, Juri & Monteforte, Libero, 2023. "The power of text-based indicators in forecasting Italian economic activity," International Journal of Forecasting, Elsevier, vol. 39(2), pages 791-808.
    67. Georgios Garafas, 2024. "From stocks to luxury watches: assessing the role of alternative economic indicators in macroeconomic forecasting," Economics Bulletin, AccessEcon, vol. 44(4), pages 1406-1413.
    68. Diego Fresoli & Pilar Poncela & Esther Ruiz, 2024. "Dealing with idiosyncratic cross-correlation when constructing confidence regions for PC factors," Papers 2407.06883, arXiv.org.
    69. Agus Sudjianto & Sandi Setiawan, 2025. "Geometric Dynamics of Consumer Credit Cycles: A Multivector-based Linear-Attention Framework for Explanatory Economic Analysis," Papers 2510.15892, arXiv.org.
    70. Wegmüller, Philipp & Glocker, Christian & Guggia, Valentino, 2023. "Weekly economic activity: Measurement and informational content," International Journal of Forecasting, Elsevier, vol. 39(1), pages 228-243.
    71. Valenti, Daniele & Bastianin, Andrea & Manera, Matteo, 2023. "A weekly structural VAR model of the US crude oil market," Energy Economics, Elsevier, vol. 121(C).
    72. Chan, Joshua C.C. & Poon, Aubrey & Zhu, Dan, 2023. "High-dimensional conditionally Gaussian state space models with missing data," Journal of Econometrics, Elsevier, vol. 236(1).
    73. Jonas E. Arias & Jesús Fernández-Villaverde & Juan Rubio Ramírez & Minchul Shin, 2021. "The Causal Effects of Lockdown Policies on Health and Macroeconomic Outcomes," NBER Working Papers 28617, National Bureau of Economic Research, Inc.
    74. De Santis, Roberto A. & Van der Veken, Wouter, 2020. "Forecasting macroeconomic risk in real time: Great and Covid-19 Recessions," Working Paper Series 2436, European Central Bank.
    75. Jeffrey Mollins & Rachit Lumb, 2024. "Seasonal Adjustment of Weekly Data," Discussion Papers 2024-17, Bank of Canada.
    76. Laura Felber & Simon Beyeler, 2023. "Nowcasting economic activity using transaction payments data," Working Papers 2023-01, Swiss National Bank.
    77. Valentina Aprigliano & Guerino Ardizzi & Alessia Cassetta & Alessandro Cavallero & Simone Emiliozzi & Alessandro Gambini & Nazzareno Renzi & Roberta Zizza, 2021. "Exploiting payments to track Italian economic activity: the experience at Banca d’Italia," Questioni di Economia e Finanza (Occasional Papers) 609, Bank of Italy, Economic Research and International Relations Area.
    78. Rohit Garimella & Òscar Jordà & Sanjay R. Singh, 2025. "A New Labor Market Stress Indicator," Working Paper Series 2025-31, Federal Reserve Bank of San Francisco.
    79. Diane Alexander & Ezra Karger, 2020. "Do Stay-at-Home Orders Cause People to Stay at Home? Effects of Stay-at-Home Orders on Consumer Behavior," Working Paper Series WP 2020-12, Federal Reserve Bank of Chicago.
    80. Eraslan, Sercan & Götz, Thomas, 2021. "An unconventional weekly economic activity index for Germany," Economics Letters, Elsevier, vol. 204(C).
    81. Civelli, Andrea & Jackson, Laura E., 2025. "Cryptocurrencies, stocks, and economic policy uncertainty: A FAVAR analysis," The North American Journal of Economics and Finance, Elsevier, vol. 78(C).
    82. Tomaz Cajner & Leland D. Crane & Ryan A. Decker & John Grigsby & Adrian Hamins-Puertolas & Erik Hurst & Christopher Kurz & Ahu Yildirmaz, 2020. "The U.S. Labor Market during the Beginning of the Pandemic Recession," NBER Working Papers 27159, National Bureau of Economic Research, Inc.
    83. Toru Kitagawa & Weining Wang & Mengshan Xu, 2024. "Policy choice in time series by empirical welfare maximization," CeMMAP working papers 27/24, Institute for Fiscal Studies.
    84. van der Wielen, Wouter & Barrios, Salvador, 2021. "Economic sentiment during the COVID pandemic: Evidence from search behaviour in the EU," Journal of Economics and Business, Elsevier, vol. 115(C).
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    86. BBVA Research, 2025. "España | Los breves desfases de la Política Monetaria [Spain | The Short Lags of Monetary Policy]," Working Papers 25/08, BBVA Bank, Economic Research Department.
    87. Akos Horvath & Benjamin S. Kay & Carlo Wix, 2021. "The COVID-19 Shock and Consumer Credit: Evidence from Credit Card Data," Finance and Economics Discussion Series 2021-008, Board of Governors of the Federal Reserve System (U.S.).
    88. Rueben Ellul & Germano Ruisi, 2022. "Nowcasting the Maltese economy with a dynamic factor model," CBM Working Papers WP/02/2022, Central Bank of Malta.
    89. Baek, ChaeWon & McCrory, Peter B & Messer, Todd & Mui, Preston, 2020. "Unemployment Effects of Stay-at-Home Orders: Evidence from High Frequency Claims Data," Institute for Research on Labor and Employment, Working Paper Series qt042177j7, Institute of Industrial Relations, UC Berkeley.
    90. António Rua & Nuno Lourenço, 2020. "The DEI: tracking economic activity daily during the lockdown," Working Papers w202013, Banco de Portugal, Economics and Research Department.
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  16. Daniel J. Lewis & Karel Mertens & James H. Stock, 2020. "Tracking the COVID-19 Economy with the Weekly Economic Index (WEI)," Liberty Street Economics 20200804, Federal Reserve Bank of New York.

    Cited by:

    1. Sebastian Doerr & Leonardo Gambacorta & José María Serena Garralda, 2021. "Big data and machine learning in central banking," BIS Working Papers 930, Bank for International Settlements.
    2. Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi, 2022. "Measuring real activity using a weekly economic index," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(4), pages 667-687, June.

  17. Mertens, Karel & Lewis, Daniel & Makridis, Christos, 2020. "Do Monetary Policy Announcements Shift Household Expectations?," CEPR Discussion Papers 14360, C.E.P.R. Discussion Papers.

    Cited by:

    1. Choi, Sangyup & Shin, Junhyeok & Yoo, Seung Yong, 2022. "Are government spending shocks inflationary at the zero lower bound? New evidence from daily data," Journal of Economic Dynamics and Control, Elsevier, vol. 139(C).
    2. Luisa Corrado & Daniela Fantozzi & Simona Giglioli, 2022. "Real-time inequalities and policies during the pandemic in the US," Temi di discussione (Economic working papers) 1396, Bank of Italy, Economic Research and International Relations Area.
    3. Olivier Coibion & Dimitris Georgarakos & Yuriy Gorodnichenko & Michael Weber, 2020. "Forward Guidance and Household Expectations," Working Papers 2020-07, Becker Friedman Institute for Research In Economics.
    4. Grebe, Moritz & Tillmann, Peter, 2023. "Household Expectations and Dissent Among Policymakers," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277657, Verein für Socialpolitik / German Economic Association.
    5. Ivan Yotzov & Nicholas Bloom & Philip Bunn & Paul Mizen & Gregory Thwaites, 2024. "The speed of firm response to inflation," Bank of England working papers 1085, Bank of England.
    6. Hack, Lukas & Rostam-Afschar, Davud, 2025. "Which Macroeconomic News Matters for Price-Setting?," IZA Discussion Papers 17935, IZA Network @ LISER.
    7. Conrad, Christian & Enders, Zeno & Glas, Alexander, 2020. "The role of information and experience for households' inflation expectations," Working Papers 20, German Research Foundation's Priority Programme 1859 "Experience and Expectation. Historical Foundations of Economic Behaviour", Humboldt University Berlin.
    8. Jmaes McNeil, 2020. "Monetary policy and the term structure of Inflation expectations with information frictions," Working Papers daleconwp2020-07, Dalhousie University, Department of Economics.
    9. Claus, Edda & Nguyen, Viet Hoang, 2023. "Biased expectations," European Economic Review, Elsevier, vol. 154(C).
    10. Lena Dräger & Michael J. Lamla, 2024. "Consumers' macroeconomic expectations," Journal of Economic Surveys, Wiley Blackwell, vol. 38(2), pages 427-451, April.
    11. Julien Pinter & Evžen Kocenda & Evžen Kočenda, 2023. "Media Treatment of Monetary Policy Surprises and Their Impact on Firms’ and Consumers’ Expectations," CESifo Working Paper Series 10413, CESifo.
    12. Kim Nguyen & Gianni La Cava, 2020. "Start Spreading the News: News Sentiment and Economic Activity in Australia," RBA Research Discussion Papers rdp2020-08, Reserve Bank of Australia.
    13. Hack, Lukas & Rostam-Afschar, Davud, 2025. "Understanding Firm Dynamics with Daily Data," IZA Discussion Papers 17882, IZA Network @ LISER.
    14. Binder, Carola Conces & Campbell, Jeffrey R. & Ryngaert, Jane M., 2024. "Consumer inflation expectations: Daily dynamics," Journal of Monetary Economics, Elsevier, vol. 145(S).
    15. Di Pace, Federico & Mangiante, Giacomo & Masolo, Riccardo M., 2025. "Do firm expectations respond to monetary policy announcements?," Journal of Monetary Economics, Elsevier, vol. 149(C).
    16. Dräger, Lena, 2023. "Central Bank Communication with the General Public," Hannover Economic Papers (HEP) dp-713, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    17. Dajčman Silvo, 2020. "Economic policy and confidence of economic agents – a causal relationship?," Review of Economic Perspectives, Sciendo, vol. 20(4), pages 471-484, December.
    18. Ambrocio, Gene & Juselius, Mikael, 2020. "Dealing with the costs of the COVID-19 pandemic – what are the fiscal options?," BoF Economics Review 2/2020, Bank of Finland.
    19. Philippe Andrade & Erwan Gautier & Eric Mengus, 2021. "What Matters in Households' Inflation Expectations?," CESifo Working Paper Series 9005, CESifo.
    20. Baumann, Ursel & Darracq Pariès, Matthieu & Westermann, Thomas & Riggi, Marianna & Bobeica, Elena & Meyler, Aidan & Böninghausen, Benjamin & Fritzer, Friedrich & Trezzi, Riccardo & Jonckheere, Jana & , 2021. "Inflation expectations and their role in Eurosystem forecasting," Occasional Paper Series 264, European Central Bank.
    21. Grebe, Moritz & Tillmann, Peter, 2025. "Household expectations and dissent among policymakers," European Journal of Political Economy, Elsevier, vol. 86(C).
    22. Angino, Siria & Robitu, Robert, 2023. "One question at a time! A text mining analysis of the ECB Q&A session," Working Paper Series 2852, European Central Bank.
    23. Olivier Coibion & Yuriy Gorodnichenko & Edward S. Knotek, 2020. "Average Inflation Targeting and Household Expectations," Working Papers 20-26R, Federal Reserve Bank of Cleveland, revised 20 Dec 2021.
    24. Coibion, Olivier & Gorodnichenko, Yuriy & Kumar, Saten & Pedemonte, Mathieu, 2020. "Inflation expectations as a policy tool?," Journal of International Economics, Elsevier, vol. 124(C).
    25. Moritz Grebe & Peter Tillmann, 2022. "Household Expectations and Dissent Among Policymakers," MAGKS Papers on Economics 202226, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    26. Grebe, Moritz & Tillmann, Peter, 2022. "Household expectations and dissent among policymakers," IMFS Working Paper Series 169, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    27. Hamid Baghestani & Sehar Fatima, 2021. "Growth in US Durables Spending: Assessing the Impact of Consumer Ability and Willingness to Buy," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 17(1), pages 55-69, April.
    28. Große Steffen, Christoph, 2021. "Anchoring of long-term inflation expectations: Do inflation target formulations matter?," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242466, Verein für Socialpolitik / German Economic Association.
    29. SYED, Sarfaraz Ali Shah, 2021. "Heterogeneous consumers in the Euro-Area, facing homogeneous monetary policy: Tale of two large economies," The Journal of Economic Asymmetries, Elsevier, vol. 24(C).
    30. Fiorella De Fiore & Marco Jacopo Lombardi & Johannes Schuffels, 2021. "Are households indifferent to monetary policy announcements?," BIS Working Papers 956, Bank for International Settlements.
    31. Jung, Alexander & Mongelli, Francesco Paolo, 2025. "Central bank communication with non-experts: insights from a randomized field experiment," Working Paper Series 3103, European Central Bank.

  18. Daniel Lewis & Karel Mertens & James H. Stock, 2020. "U.S. Economic Activity During the Early Weeks of the SARS-Cov-2 Outbreak," NBER Working Papers 26954, National Bureau of Economic Research, Inc.

    Cited by:

    1. Baron, E. Jason & Goldstein, Ezra G. & Wallace, Cullen T., 2020. "Suffering in silence: How COVID-19 school closures inhibit the reporting of child maltreatment," Journal of Public Economics, Elsevier, vol. 190(C).
    2. Toufique, M. M. K., 2020. "Why do some countries have more COVID-19 cases than others? Evidence from 70 most affected countries sans China," EconStor Preprints 222456, ZBW - Leibniz Information Centre for Economics.
    3. Andrea Carriero & Todd E. Clark & Marcellino Massimiliano, 2020. "Nowcasting Tail Risks to Economic Activity with Many Indicators," Working Papers 20-13R2, Federal Reserve Bank of Cleveland, revised 22 Sep 2020.
    4. Lahiri, Kajal & Yang, Cheng, 2022. "Boosting tax revenues with mixed-frequency data in the aftermath of COVID-19: The case of New York," International Journal of Forecasting, Elsevier, vol. 38(2), pages 545-566.
    5. Ezra Karger & Aastha Rajan, 2020. "Heterogeneity in the Marginal Propensity to Consume: Evidence from Covid-19 Stimulus Payments," Working Paper Series WP 2020-15, Federal Reserve Bank of Chicago.
    6. Natalia Porto & Pablo de la Vega, 2024. "Employment and Teleworking in the Argentine Tourism Sector: a Case Study Based on the COVID-19 Pandemic," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 6706-6736, June.
    7. Robert Lehmann & Sascha Möhrle, 2024. "Forecasting regional industrial production with novel high‐frequency electricity consumption data," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(6), pages 1918-1935, September.
    8. Zheng, Chen & Zhang, Junru, 2021. "The impact of COVID-19 on the efficiency of microfinance institutions," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 407-423.
    9. Berger, Tino & Morley, James & Wong, Benjamin, 2023. "Nowcasting the output gap," Journal of Econometrics, Elsevier, vol. 232(1), pages 18-34.
      • Tino Berger & James Morley & Benjamin Wong, 2020. "Nowcasting the Output Gap," CAMA Working Papers 2020-78, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    10. Abel Brodeur & David Gray & Anik Islam & Suraiya Bhuiyan, 2021. "A literature review of the economics of COVID‐19," Journal of Economic Surveys, Wiley Blackwell, vol. 35(4), pages 1007-1044, September.
    11. Buda, G. & Carvalho, V. M. & Corsetti, G. & Duarte, J. B. & Hansen, S. & Moura, A. S. & Ortiz, A. & Rodrigo, T. & Ortiz, A. & Ortiz, A., 2023. "Short and Variable Lags," Cambridge Working Papers in Economics 2321, Faculty of Economics, University of Cambridge.
    12. William Ridley & Sherzod B. Akhundjanov & Stephen Devadoss, 2023. "The COVID‐19 pandemic and trade in agricultural products," The World Economy, Wiley Blackwell, vol. 46(8), pages 2432-2455, August.
    13. Alain Hecq & Marie Ternes & Ines Wilms, 2021. "Hierarchical Regularizers for Mixed-Frequency Vector Autoregressions," Papers 2102.11780, arXiv.org, revised Mar 2022.
    14. Tyler Atkinson & Jim Dolmas & Christoffer Koch & Evan F. Koenig & Karel Mertens & Anthony Murphy & Kei-Mu Yi, 2020. "Mobility and Engagement Following the SARS-Cov-2 Outbreak," Working Papers 2014, Federal Reserve Bank of Dallas.
    15. Ana B. Galvão & Michael T. Owyang, 2020. "Forecasting Low Frequency Macroeconomic Events with High Frequency Data," Working Papers 2020-028, Federal Reserve Bank of St. Louis, revised Apr 2022.
    16. Kong, Edward & Prinz, Daniel, 2020. "Disentangling policy effects using proxy data: Which shutdown policies affected unemployment during the COVID-19 pandemic?," Journal of Public Economics, Elsevier, vol. 189(C).
    17. Peter Fuleky, 2020. "Nowcasting the Trajectory of the COVID-19 Recovery," Working Papers 202022, University of Hawaii at Manoa, Department of Economics.
    18. Galdi, Giulio & Casarin, Roberto & Ferrari, Davide & Fezzi, Carlo & Ravazzolo, Francesco, 2023. "Nowcasting industrial production using linear and non-linear models of electricity demand," Energy Economics, Elsevier, vol. 126(C).
    19. Frank Schorfheide & Dongho Song, 2020. "Real-Time Forecasting with a (Standard) Mixed-Frequency VAR During a Pandemic," Working Papers 20-26, Federal Reserve Bank of Philadelphia.
    20. Larson, William D. & Sinclair, Tara M., 2022. "Nowcasting unemployment insurance claims in the time of COVID-19," International Journal of Forecasting, Elsevier, vol. 38(2), pages 635-647.
    21. Sakouvogui Kekoura & Guilavogui Mama Genevieve, 2022. "How are the United States Banks faring during the COVID-19 Pandemic? Evidence of Economic Efficiency Measures," Open Economics, De Gruyter, vol. 5(1), pages 11-29, January.
    22. Sjoquist, David & Wheeler, Laura, 2021. "Unemployment insurance claims and COVID-19," Journal of Economics and Business, Elsevier, vol. 115(C).
    23. Olympia Bover & Natalia Fabra & Sandra García-Uribe & Aitor Lacuesta & Roberto Ramos, 2020. "Firms and households during the pandemic: what do we learn from their electricity consumption?," Occasional Papers 2031, Banco de España.
    24. Ilan Noy & Nguyen Doan & Benno Ferrarini & Donghyun Park, 2020. "Measuring the Economic Risk of Covid-19," CESifo Working Paper Series 8373, CESifo.
    25. Demirguc-Kunt,Asli & Lokshin,Michael M. & Torre,Ivan, 2020. "The Sooner, the Better : The Early Economic Impact of Non-Pharmaceutical Interventions during the COVID-19 Pandemic," Policy Research Working Paper Series 9257, The World Bank.
    26. Catherine Buffington & Carrie Dennis & Emin Dinlersoz & Lucia Foster & Shawn Klimek, 2020. "Measuring the Effect of COVID-19 on U.S. Small Businesses: The Small Business Pulse Survey," Working Papers 20-16, Center for Economic Studies, U.S. Census Bureau.
    27. Raymundo M. Campos-Vazquez & Gerardo Esquivel, 2021. "Consumption and geographic mobility in pandemic times. Evidence from Mexico," Review of Economics of the Household, Springer, vol. 19(2), pages 353-371, June.
    28. Aysu Celgin & Mahmut Gunay, 2020. "Weekly Economic Conditions Index for Turkey," CBT Research Notes in Economics 2018, Research and Monetary Policy Department, Central Bank of the Republic of Turkey.
    29. Guilherme Alves da Silva & Gergely Buda & Vasco M. Carvalho & Giancarlo Corsetti & João Duarte & Stephen Hansen & Alvaro Ortiz & Afonso Pereira da Silva & Tomasa Rodrigo & José V. Rodríguez Mora, 2023. "España | Retardos cortos y variables... de política monetaria [Spain | Short and Variable Lags]," Working Papers 23/02, BBVA Bank, Economic Research Department.
    30. Daniel Borup & David E. Rapach & Erik Christian Montes Schütte, 2021. "Now- and Backcasting Initial Claims with High-Dimensional Daily Internet Search-Volume Data," CREATES Research Papers 2021-02, Department of Economics and Business Economics, Aarhus University.
    31. Shibata, Ippei, 2021. "The distributional impact of recessions: The global financial crisis and the COVID-19 pandemic recession," Journal of Economics and Business, Elsevier, vol. 115(C).
    32. Todd Gabe & Andrew Crawley, 2021. "Effects of the COVID-related stay-at-home order on hospitality sales and automobile traffic counts: evidence from the State of Maine, USA," Economics and Business Letters, Oviedo University Press, vol. 10(4), pages 336-341.
    33. Horvath, Akos & Kay, Benjamin & Wix, Carlo, 2023. "The COVID-19 shock and consumer credit: Evidence from credit card data," Journal of Banking & Finance, Elsevier, vol. 152(C).
    34. Chen, Zhuo & Li, Pengfei & Liao, Li & Liu, Lu & Wang, Zhengwei, 2024. "Assessing and addressing the coronavirus-induced economic crisis: Evidence from 1.5 billion sales invoices," China Economic Review, Elsevier, vol. 85(C).
    35. Fabian Stephany & Leonie Neuhäuser & Niklas Stoehr & Philipp Darius & Ole Teutloff & Fabian Braesemann, 2022. "The CoRisk-Index: a data-mining approach to identify industry-specific risk perceptions related to Covid-19," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 9(1), pages 1-15, December.
    36. Yörük, Barış K., 2022. "Early effects of COVID-19 pandemic-related state policies on housing market activity in the United States," Journal of Housing Economics, Elsevier, vol. 57(C).
    37. De Santis, Roberto A. & Van der Veken, Wouter, 2020. "Forecasting macroeconomic risk in real time: Great and Covid-19 Recessions," Working Paper Series 2436, European Central Bank.
    38. Habtewold, Tsegaye Mulugeta, . "Our Welfare at The Time of Covid-19: Early Empirical Assessment for Ethiopia," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 9(2).
    39. Paul Labonne, 2020. "Asymmetric uncertainty : Nowcasting using skewness in real-time data," Papers 2012.02601, arXiv.org, revised May 2024.
    40. Diane Alexander & Ezra Karger, 2020. "Do Stay-at-Home Orders Cause People to Stay at Home? Effects of Stay-at-Home Orders on Consumer Behavior," Working Paper Series WP 2020-12, Federal Reserve Bank of Chicago.
    41. Eraslan, Sercan & Götz, Thomas, 2021. "An unconventional weekly economic activity index for Germany," Economics Letters, Elsevier, vol. 204(C).
    42. Fezzi, Carlo & Fanghella, Valeria, 2021. "Tracking GDP in real-time using electricity market data: Insights from the first wave of COVID-19 across Europe," European Economic Review, Elsevier, vol. 139(C).
    43. Tomaz Cajner & Leland D. Crane & Ryan A. Decker & John Grigsby & Adrian Hamins-Puertolas & Erik Hurst & Christopher Kurz & Ahu Yildirmaz, 2020. "The U.S. Labor Market during the Beginning of the Pandemic Recession," NBER Working Papers 27159, National Bureau of Economic Research, Inc.
    44. Anna Cororaton & Samuel Rosen, 2021. "Public Firm Borrowers of the U.S. Paycheck Protection Program [The risk of being a fallen angel and the corporate dash for cash in the midst of COVID]," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 10(4), pages 641-693.
    45. Lourenço, Nuno & Rua, António, 2021. "The Daily Economic Indicator: tracking economic activity daily during the lockdown," Economic Modelling, Elsevier, vol. 100(C).
    46. Akos Horvath & Benjamin S. Kay & Carlo Wix, 2021. "The COVID-19 Shock and Consumer Credit: Evidence from Credit Card Data," Finance and Economics Discussion Series 2021-008, Board of Governors of the Federal Reserve System (U.S.).
    47. Barbaglia, Luca & Frattarolo, Lorenzo & Onorante, Luca & Pericoli, Filippo Maria & Ratto, Marco & Tiozzo Pezzoli, Luca, 2023. "Testing big data in a big crisis: Nowcasting under Covid-19," International Journal of Forecasting, Elsevier, vol. 39(4), pages 1548-1563.
    48. Atems, Bebonchu & Yimga, Jules, 2021. "Quantifying the impact of the COVID-19 pandemic on US airline stock prices," Journal of Air Transport Management, Elsevier, vol. 97(C).
    49. Baek, ChaeWon & McCrory, Peter B & Messer, Todd & Mui, Preston, 2020. "Unemployment Effects of Stay-at-Home Orders: Evidence from High Frequency Claims Data," Institute for Research on Labor and Employment, Working Paper Series qt042177j7, Institute of Industrial Relations, UC Berkeley.
    50. António Rua & Nuno Lourenço, 2020. "The DEI: tracking economic activity daily during the lockdown," Working Papers w202013, Banco de Portugal, Economics and Research Department.
    51. Borup, Daniel & Rapach, David E. & Schütte, Erik Christian Montes, 2023. "Mixed-frequency machine learning: Nowcasting and backcasting weekly initial claims with daily internet search volume data," International Journal of Forecasting, Elsevier, vol. 39(3), pages 1122-1144.
    52. Baulkaran, Vishaal & Jain, Pawan, 2023. "COVID-19, home equity and retirement funding," Finance Research Letters, Elsevier, vol. 58(PB).

  19. Karel Mertens & Morten O. Ravn, 2018. "The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply to Jentsch and Lunsford," Working Papers 1805, Federal Reserve Bank of Dallas.

    Cited by:

    1. Angelini, Giovanni & Fanelli, Luca, 2018. "Exogenous uncertainty and the identification of Structural Vector Autoregressions with external instruments," MPRA Paper 93864, University Library of Munich, Germany, revised May 2019.
    2. Daniel A. Dias & Joao B. Duarte, 2019. "Monetary Policy, Housing Rents and Inflation Dynamics," International Finance Discussion Papers 1248, Board of Governors of the Federal Reserve System (U.S.).
    3. Andrea Gazzani & Alejandro Vicondoa, 2020. "Bridge Proxy-SVAR: estimating the macroeconomic effects of shocks identified at high-frequency," Temi di discussione (Economic working papers) 1274, Bank of Italy, Economic Research and International Relations Area.
    4. Rüth, Sebastian K., 2020. "Shifts in monetary policy and exchange rate dynamics: Is Dornbusch's overshooting hypothesis intact, after all?," Journal of International Economics, Elsevier, vol. 126(C).
    5. Cesa-Bianchi, Ambrogio & Thwaites, Gregory & Vicondoa, Alejandro, 2020. "Monetary policy transmission in the United Kingdom: A high frequency identification approach," European Economic Review, Elsevier, vol. 123(C).
    6. Pascal Paul, 2020. "The Time-Varying Effect of Monetary Policy on Asset Prices," The Review of Economics and Statistics, MIT Press, vol. 102(4), pages 690-704, October.
    7. Giovanni Angelini & Giovanni Caggiano & Efrem Castelnuovo & Luca Fanelli, 2020. "Are Fiscal Multipliers Estimated with Proxy-SVARs Robust?," CESifo Working Paper Series 8438, CESifo.

  20. Karel Mertens, 2018. "The Near Term Growth Impact of the Tax Cuts and Jobs Act," Working Papers 1803, Federal Reserve Bank of Dallas.

    Cited by:

    1. Cloyne, James & Kurt, Ezgi & Surico, Paolo, 2025. "Who gains from corporate tax cuts?," Journal of Monetary Economics, Elsevier, vol. 149(C).
    2. Mertens, Karel, 2019. "State-level implications of federal tax policies: Comments," Journal of Monetary Economics, Elsevier, vol. 105(C), pages 91-93.
    3. Ilzetzki, Ethan, 2018. "Tax reform and the political economy of the tax base," LSE Research Online Documents on Economics 88182, London School of Economics and Political Science, LSE Library.
    4. 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.
    5. Olivier J. Blanchard, 2019. "Public Debt and Low Interest Rates," NBER Working Papers 25621, National Bureau of Economic Research, Inc.
    6. M. P. Afanas’ev & N. N. Shash, 2021. "From Surplus to Deficit Fiscal Policy," Studies on Russian Economic Development, Springer, vol. 32(5), pages 476-484, September.

  21. Andrew J. Fieldhouse & Karel Mertens, 2017. "A Narrative Analysis of Mortgage Asset Purchases by Federal Agencies," NBER Working Papers 23165, National Bureau of Economic Research, Inc.

    Cited by:

    1. Fieldhouse, Andrew & Mertens, Karel & Ravn, Morten O., 2017. "The macroeconomic effects of Government asset purchases: evidence from postwar US housing credit policy," LSE Research Online Documents on Economics 86167, London School of Economics and Political Science, LSE Library.
    2. Ricco, Giovanni & ,, 2019. "Identification with External Instruments in Structural VARs under Partial Invertibility," CEPR Discussion Papers 13853, C.E.P.R. Discussion Papers.
    3. Serafin J. Grundl & You Suk Kim, 2019. "The Marginal Effect of Government Mortgage Guarantees on Homeownership," Finance and Economics Discussion Series 2019-027, Board of Governors of the Federal Reserve System (U.S.).
    4. Julien Champagne & Rodrigo Sekkel, 2017. "Changes in Monetary Regimes and the Identification of Monetary Policy Shocks: Narrative Evidence from Canada," Staff Working Papers 17-39, Bank of Canada.
    5. Grundl, Serafin & Kim, You Suk, 2021. "The marginal effect of government mortgage guarantees on homeownership," Journal of Monetary Economics, Elsevier, vol. 119(C), pages 75-89.
    6. Vojtech, Cindy M. & Kay, Benjamin S. & Driscoll, John C., 2020. "The real consequences of bank mortgage lending standards," Journal of Financial Intermediation, Elsevier, vol. 44(C).
    7. Miranda-Agrippino, Silvia & Ricco, Giovanni, 2019. "Identification with External Instruments in Structural VARs under Partial Invertibility," The Warwick Economics Research Paper Series (TWERPS) 1213, University of Warwick, Department of Economics.
    8. Myroslav Pidkuyko, 2023. "Heterogeneous Spillovers of Housing Credit Policy," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 39-59, December.
    9. Rella, Giacomo, 2025. "Time-varying interactions between monetary and housing credit policy," Journal of Macroeconomics, Elsevier, vol. 86(C).
    10. Andrew J. Fieldhouse & Karel Mertens, 2023. "A Narrative Analysis of Federal Appropriations for Research and Development," Working Papers 2316, Federal Reserve Bank of Dallas, revised 24 Feb 2026.

  22. Andrew Fieldhouse & Karel Mertens & Morten O. Ravn, 2017. "The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar US Housing Credit Policy," Discussion Papers 1707, Centre for Macroeconomics (CFM).

    Cited by:

    1. 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.
    2. Nuno Alves & Fátima Cardoso & Manuel Coutinho Pereira, 2025. "Response of consumers to wage shocks in the framework of the Portuguese assistance program," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 24(1), pages 5-33, January.
    3. Metiu, Norbert, 2020. "Anticipation effects of protectionist U.S. trade policies," Discussion Papers 52/2020, Deutsche Bundesbank.
    4. Ms. Era Dabla-Norris & Frederico Lima, 2018. "Macroeconomic Effects of Tax Rate and Base Changes: Evidence from Fiscal Consolidations," IMF Working Papers 2018/220, International Monetary Fund.
    5. Ravn, Morten & Pappa, Evi & Lagerborg, Andresa Helena, 2020. "Sentimental Business Cycles," CEPR Discussion Papers 15098, C.E.P.R. Discussion Papers.
    6. Tobias Herbst & Moritz Kuhn & Farzad Saidi, 2024. "Army of Mortgagors: Long-Run Evidence on Credit Externalities and the Housing Market," Opportunity and Inclusive Growth Institute Working Papers 087, Federal Reserve Bank of Minneapolis.
    7. Katarzyna Budnik & Gerhard Rünstler, 2023. "Identifying structural VARs from sparse narrative instruments: Dynamic effects of US macroprudential policies," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(2), pages 186-201, March.
    8. Vincent Sterk & Wei Cui, 2019. "Quantitative Easing," 2019 Meeting Papers 29, Society for Economic Dynamics.
    9. Sebastian Heise & Fatih Karahan & Ayşegül Şahin, 2022. "The Missing Inflation Puzzle: The Role of the Wage‐Price Pass‐Through," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(S1), pages 7-51, February.
    10. Pierluigi Balduzzi & Emanuele Brancati & Marco Brianti & Fabio Schiantarelli, 2019. "Populism, Political Risk and the Economy: Lessons from Italy," Boston College Working Papers in Economics 989, Boston College Department of Economics, revised 28 Apr 2020.
    11. Kanazawa, Nobuyuki, 2021. "Public investment multipliers: Evidence from stock returns of the road pavement industry in Japan," Journal of Economic Dynamics and Control, Elsevier, vol. 133(C).
    12. Fátima Cardoso & Manuel Coutinho Pereira & Nuno Alves, 2020. "Heterogeneous response of consumers to income shocks throughout a financial assistance program," Working Papers w202018, Banco de Portugal, Economics and Research Department.
    13. David Salvador Cisneros Zepeda, 2022. "Los efectos del crédito bancario otorgado a la industria y al consumo en el crecimiento económico: evidencia de México, 1994-2017," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 17(2), pages 1-25, Abril - J.
    14. Sergeyev, Dmitriy & Iovino, Luigi, 2018. "Central Bank Balance Sheet Policies Without Rational Expectations," CEPR Discussion Papers 13100, C.E.P.R. Discussion Papers.
    15. Dmitriy Sergeyev & Luigi Iovino, 2017. "Quantitative Easing without Rational Expectations," 2017 Meeting Papers 1387, Society for Economic Dynamics.
    16. Alvaro Fernandez-Gallardo & Ivan Paya, 2020. "Macroprudential Policy in the Euro Area," Working Papers 307121127, Lancaster University Management School, Economics Department.
    17. Ricco, Giovanni & ,, 2019. "Identification with External Instruments in Structural VARs under Partial Invertibility," CEPR Discussion Papers 13853, C.E.P.R. Discussion Papers.
    18. Myroslav Pidkuyko, 2022. "Online Appendix to "Heterogeneous Spillovers of Housing Credit Policy"," Online Appendices 21-100, Review of Economic Dynamics.
    19. Bianco, Timothy & Herrera, Ana María, 2025. "Monetary policy and credit flows: A tale of two effective lower bounds," Journal of Economic Dynamics and Control, Elsevier, vol. 175(C).
    20. Alloza, Mario & Gonzalo, Jesús & Sanz, Carlos, 2019. "Dynamic Effects of Persistent Shocks," UC3M Working papers. Economics 29187, Universidad Carlos III de Madrid. Departamento de Economía.
    21. Champagne, Julien & Sekkel, Rodrigo, 2018. "Changes in monetary regimes and the identification of monetary policy shocks: Narrative evidence from Canada," Journal of Monetary Economics, Elsevier, vol. 99(C), pages 72-87.
    22. Julian Kozlowski, 2017. "Long-Term Finance and Investment with Frictional Asset Markets," Working Papers 2018-12, Federal Reserve Bank of St. Louis.
    23. Serafin J. Grundl & You Suk Kim, 2019. "The Marginal Effect of Government Mortgage Guarantees on Homeownership," Finance and Economics Discussion Series 2019-027, Board of Governors of the Federal Reserve System (U.S.).
    24. Myroslav Pidkuyko, 2019. "Heterogeneous spillovers of housing credit policy," Working Papers 1940, Banco de España.
    25. Grundl, Serafin & Kim, You Suk, 2021. "The marginal effect of government mortgage guarantees on homeownership," Journal of Monetary Economics, Elsevier, vol. 119(C), pages 75-89.
    26. Ashesh Rambachan & Neil Shephard, 2019. "When do common time series estimands have nonparametric causal meaning?," Papers 1903.01637, arXiv.org, revised Jan 2025.
    27. Miranda-Agrippino, Silvia & Ricco, Giovanni, 2019. "Identification with External Instruments in Structural VARs under Partial Invertibility," The Warwick Economics Research Paper Series (TWERPS) 1213, University of Warwick, Department of Economics.
    28. Andrew J. Fieldhouse & Karel Mertens, 2017. "A Narrative Analysis of Mortgage Asset Purchases by Federal Agencies," NBER Working Papers 23165, National Bureau of Economic Research, Inc.
    29. Andrew J. Fieldhouse & Karel Mertens, 2023. "The Returns to Government R&D: Evidence from U.S. Appropriations Shocks," Working Papers 2305, Federal Reserve Bank of Dallas, revised 21 Nov 2024.
    30. Mario Alloza & Pablo Burriel & Javier J. Pérez, 2018. "Fiscal policies in the euro area: revisiting the size of spillovers," Working Papers 1820, Banco de España.
    31. Chak Hung Jack Cheng & Ching‐Wai (Jeremy) Chiu, 2020. "Nonlinear Effects of Mortgage Spreads Over the Business Cycle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(6), pages 1593-1611, September.
    32. Murgia, Lucia M., 2020. "The effect of monetary policy shocks on macroeconomic variables: Evidence from the Eurozone," Economics Letters, Elsevier, vol. 186(C).
    33. Miescu, Mirela & Mumtaz, Haroon & Theodoridis, Konstantinos, 2024. "Non-linear Dynamics of Oil Supply News Shocks," Cardiff Economics Working Papers E2024/18, Cardiff University, Cardiff Business School, Economics Section.
    34. Dabla-Norris, Era & Lima, Frederico, 2023. "Macroeconomic effects of tax rate and base changes: Evidence from fiscal consolidations," European Economic Review, Elsevier, vol. 153(C).
    35. Buch, Claudia M. & Eickmeier, Sandra & Prieto, Esteban, 2022. "Banking deregulation, macroeconomic dynamics and monetary policy," Journal of Financial Stability, Elsevier, vol. 63(C).
    36. Haoyang Liu & W. Ben McCartney & Rodney Ramcharan & Calvin Zhang & Xiaohan Zhang, 2025. "Household Finance Shapes Political Participation: Evidence from Mortgage Refinancing," Working Papers 2517, Federal Reserve Bank of Dallas, revised 03 Mar 2026.
    37. Nuno Palma, 2019. "The Real Effects of Monetary Expansions: Evidence from a Large-Scale Historical Natural Experiment," Economics Discussion Paper Series 1904, Economics, The University of Manchester, revised Aug 2021.
    38. James N. Conklin & Haoyang Liu & Calvin Zhang, 2024. "Credit supply shocks, home purchase volume, and borrowing behavior," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 52(2), pages 486-513, March.
    39. Matthew Jaremski, 2020. "Today’s economic history and tomorrow’s scholars," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 14(1), pages 169-180, January.
    40. Mirela Sorina Miescu & Giorgio Motta & Dario Pontiggia & Raffaele Rossi, 2023. "The Expansionary Effects Of Housing Credit Supply Shocks," Working Papers 399832231, Lancaster University Management School, Economics Department.
    41. Rella, Giacomo, 2025. "Time-varying interactions between monetary and housing credit policy," Journal of Macroeconomics, Elsevier, vol. 86(C).
    42. Andrew J. Fieldhouse & Karel Mertens, 2023. "A Narrative Analysis of Federal Appropriations for Research and Development," Working Papers 2316, Federal Reserve Bank of Dallas, revised 24 Feb 2026.

  23. Mertens, Karel, 2015. "Marginal Tax Rates and Income: New Time Series Evidence," CEPR Discussion Papers 10896, C.E.P.R. Discussion Papers.

    Cited by:

    1. José Félix Sanz Sanz, 2026. "Reflexiones sobre el sistema fiscal español: notas para un debate necesario," Studies on the Spanish Economy eee2026-01, FEDEA.
    2. Masud Alam, 2021. "Heterogeneous Responses to the U.S. Narrative Tax Changes: Evidence from the U.S. States," Papers 2107.13678, arXiv.org.
    3. Masahiro Tanaka, 2025. "Quasi-Bayesian Local Projections: Simultaneous Inference and Extension to the Instrumental Variable Method," Papers 2503.20249, arXiv.org, revised Dec 2025.
    4. Zubrickas, Robertas, 2023. "The relative income effect and labor supply," Journal of Economic Behavior & Organization, Elsevier, vol. 209(C), pages 176-184.
    5. Angelini, Giovanni & Fanelli, Luca, 2018. "Exogenous uncertainty and the identification of Structural Vector Autoregressions with external instruments," MPRA Paper 93864, University Library of Munich, Germany, revised May 2019.
    6. Axelle Ferrière & Gaston Navarro, 2018. "The Heterogeneous Effects of Government Spending : It’s All About Taxes," International Finance Discussion Papers 1237, Board of Governors of the Federal Reserve System (U.S.).
    7. Shepard, Mark & Baicker, Katherine & Skinner, Jonathan, 2019. "Does One Medicare Fit All? The Economics of Uniform Health Insurance Benefits," Working Paper Series rwp19-036, Harvard University, John F. Kennedy School of Government.
    8. Ms. Era Dabla-Norris & Frederico Lima, 2018. "Macroeconomic Effects of Tax Rate and Base Changes: Evidence from Fiscal Consolidations," IMF Working Papers 2018/220, International Monetary Fund.
    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. Firmin Doko Tchatoka & Qazi Haque, 2021. "Revisiting the macroeconomic effects of monetary policy shocks," School of Economics and Public Policy Working Papers 2021-02 Classification-E3, University of Adelaide, School of Economics and Public Policy.
    11. Robin Braun & Ralf Brüggemann, 2020. "Identification of SVAR Models by Combining Sign Restrictions With External Instruments," Working Paper Series of the Department of Economics, University of Konstanz 2020-01, Department of Economics, University of Konstanz.
    12. Espinoza, Jorge Luis Vargas & Vásquez, Humberto Escudero & Velásquez, Wily Leopoldo Velásquez & Velásquez, Zulema Velásquez & Turpo, Giovana Araseli Flores, 2022. "Deuda Pública en Latinoamérica y propuestas del Banco Mundial," OSF Preprints g2y7v, Center for Open Science.
    13. Bernd Hayo & Sascha Mierzwa & Umut Unal, 2021. "Estimating Policy-Corrected Long-Term and Short-Term Tax Elasticities for the United States, Germany, and the United Kingdom," MAGKS Papers on Economics 202112, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    14. Valerie A. Ramey, 2019. "Ten Years after the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?," NBER Working Papers 25531, National Bureau of Economic Research, Inc.
    15. Katarzyna Budnik & Gerhard Rünstler, 2023. "Identifying structural VARs from sparse narrative instruments: Dynamic effects of US macroprudential policies," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(2), pages 186-201, March.
    16. Boyer, Pierre & Bierbrauer, Felix, 2018. "Politically feasible reforms of non-linear tax systems," CEPR Discussion Papers 13059, C.E.P.R. Discussion Papers.
    17. Forni, Mario & Gambetti, Luca & Ricco, Giovanni, 2022. "External Instrument SVAR Analysis for Noninvertible Shocks," The Warwick Economics Research Paper Series (TWERPS) 1444, University of Warwick, Department of Economics.
    18. Patrick Macnamara & Myroslav Pidkuyko & Raffaele Rossi, 2021. "Marginal tax changes with risky investment," Working Papers 2116, Banco de España.
    19. Hayo, Bernd & Mierzwa, Sascha, 2023. "The effect of legislated tax changes on the trade balance: Empirical evidence for the United States, Germany, and the United Kingdom," Journal of Macroeconomics, Elsevier, vol. 78(C).
    20. Domenico Ferraro & Giuseppe Fiori, 2018. "The Scarring Effect of Asymmetric Business Cycles," 2018 Meeting Papers 283, Society for Economic Dynamics.
    21. Carina Neisser, 2021. "The Elasticity of Taxable Income: A Meta-Regression Analysis," ECONtribute Discussion Papers Series 067, University of Bonn and University of Cologne, Germany.
    22. Sascha Mierzwa, 2021. "Technical Appendix: Tax Laws and Revenue Effects," MAGKS Papers on Economics 202139, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    23. Karel Mertens & Morten O. Ravn, 2018. "The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply to Jentsch and Lunsford," Working Papers 1805, Federal Reserve Bank of Dallas.
    24. Allan W. Gregory & James McNeil & Gregor W. Smith, 2024. "US fiscal policy shocks: Proxy‐SVAR overidentification via GMM," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(4), pages 607-619, June.
    25. Sieuwerd Gaastra, 2020. "Personal Income Taxation and College Major Choice: A Case Study of the 1986 Tax Reform Act," Public Finance Review, , vol. 48(1), pages 3-42, January.
    26. Kindsgrab, Paul M., 2022. "Do higher income taxes on top earners trickle down? A local labor markets approach," Journal of Public Economics, Elsevier, vol. 214(C).
    27. Alexey Kushnir & Alexander Tarasov & Robertas Zubrickas, 2020. "On Equilibrium in Monopolistic Competition with Endogenous Labor," CESifo Working Paper Series 8360, CESifo.
    28. Daniel A. Dias & Joao B. Duarte, 2019. "Monetary Policy, Housing Rents and Inflation Dynamics," International Finance Discussion Papers 1248, Board of Governors of the Federal Reserve System (U.S.).
    29. Uribe-Terán, Carlos, 2021. "Higher taxes at the top? The role of tax avoidance," Journal of Economic Dynamics and Control, Elsevier, vol. 129(C).
    30. Lütkepohl, Helmut & Schlaak, Thore, 2021. "Heteroskedastic Proxy Vector Autoregressions," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242399, Verein für Socialpolitik / German Economic Association.
    31. Owen M. Zidar, 2015. "Tax Cuts For Whom? Heterogeneous Effects of Income Tax Changes on Growth and Employment," NBER Working Papers 21035, National Bureau of Economic Research, Inc.
    32. Ashley Cooper Craig, 2018. "Optimal Income Taxation with Spillovers from Employer Learning," 2018 Papers pcr186, Job Market Papers.
    33. Lorenz Kueng, 2015. "Explaining Consumption Excess Sensitivity with Near-Rationality: Evidence from Large Predetermined Payments," NBER Working Papers 21772, National Bureau of Economic Research, Inc.
    34. Jonas E. Arias & Juan F. Rubio-Ramírez & Daniel F. Waggoner, 2018. "Inference in Bayesian Proxy-SVARs," Working Papers 2018-13, FEDEA.
    35. Mariano Tommasi, 2023. "Latin America and the Caribbean in the first quarter of the 21st century. What should be reformed, what can be reformed, and how to think about it?," Working Papers 170, Universidad de San Andres, Departamento de Economia, revised Jul 2024.
    36. Ferrreira, Ana Melissa, 2019. "Skill-Biased Technological Change and Inequality in the U.S," MPRA Paper 93914, University Library of Munich, Germany.
    37. Ray Rees & Thor O. Thoresen & Trine E. Vattø, 2023. "Alternatives to Paying Child Benefit to the Rich: Means‐Testing or Higher Tax?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 56(3), pages 328-354, September.
    38. Mario Alloza, 2021. "The impact of taxes on income mobility," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(4), pages 794-854, August.
    39. Ruhollah Eskandari & Morteza Zamanian, 2023. "Heterogeneous responses to corporate marginal tax rates: Evidence from small and large firms," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 38(7), pages 1018-1047, November.
    40. Neba Bhalla & Inderjit Kaur & Rakesh Kumar Sharma, 2022. "Examining the Effect of Tax Reform Determinants, Firms’ Characteristics and Demographic Factors on the Financial Performance of Small and Micro Enterprises," Sustainability, MDPI, vol. 14(14), pages 1-18, July.
    41. Giovanni Angelini & Giovanni Caggiano & Efrem Castelnuovo & Luca Fanelli, 2023. "Are Fiscal Multipliers Estimated with Proxy‐SVARs Robust?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(1), pages 95-122, February.
    42. Cloyne, James & Kurt, Ezgi & Surico, Paolo, 2025. "Who gains from corporate tax cuts?," Journal of Monetary Economics, Elsevier, vol. 149(C).
    43. Laure Simon, 2023. "Fiscal Stimulus and Skill Accumulation over the Life Cycle," Staff Working Papers 23-9, Bank of Canada.
    44. Hiroshi Gunji & Kazuki Hiraga & Kenji Miyazaki, 2024. "Tax Deduction Matters: Elasticities of the Laffer Curve, Taxable Income, and Tax Revenue," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 30(1), pages 1-19, February.
    45. van der Wielen, Wouter, 2020. "The macroeconomic effects of tax changes: Evidence using real-time data for the European Union," Economic Modelling, Elsevier, vol. 90(C), pages 302-321.
    46. Scott R. Baker & Stephanie Johnson & Lorenz Kueng, 2021. "Shopping for Lower Sales Tax Rates," American Economic Journal: Macroeconomics, American Economic Association, vol. 13(3), pages 209-250, July.
    47. Mertens, Karel, 2019. "State-level implications of federal tax policies: Comments," Journal of Monetary Economics, Elsevier, vol. 105(C), pages 91-93.
    48. Paula Gil & Francisco Martí & Richard Morris & Javier J. Pérez & Roberto Ramos, 2019. "The output effects of tax changes: narrative evidence from Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 10(1), pages 1-23, March.
    49. Mukherjee, Abhiroop & Singh, Manpreet & Žaldokas, Alminas, 2017. "Do corporate taxes hinder innovation?," Journal of Financial Economics, Elsevier, vol. 124(1), pages 195-221.
    50. Ziyang Yue & Gangqiang Yang & Haisen Wang, 2023. "How do tax reductions motivate technological innovation?," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 10(1), pages 1-18, December.
    51. Raffaella Giacomini & Toru Kitagawa & Matthew Read, 2019. "Robust Bayesian Inference in Proxy SVARs," CeMMAP working papers CWP38/19, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
    52. Marco Bernardini & Gert Peersman, 2015. "Private Debt Overhang And The Government Spending Multiplier: Evidence For The United States," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 15/901, Ghent University, Faculty of Economics and Business Administration.
    53. Ruediger Bachmann & Jinhui Bai & Minjoon Lee & Fudong Zhang, 2020. "The Welfare and Distributional Effects of Fiscal Volatility: a Quantitative Evaluation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 38, pages 127-153, October.
    54. Bernd Hayo & Sascha Mierzwa & Umut Ünal, 2023. "Estimating policy-corrected long-term and short-term tax elasticities for the USA, Germany, and the United Kingdom," Empirical Economics, Springer, vol. 64(1), pages 465-504, January.
    55. Joanna Tyrowicz & Krzysztof Makarski & Piotr Zoch, 2025. "Demographic transition and the rise of wealth inequality," GRAPE Working Papers 101, GRAPE Group for Research in Applied Economics.
    56. Rünstler, Gerhard, 2024. "The macroeconomic impact of euro area labor market reforms: evidence from a narrative panel VAR," European Economic Review, Elsevier, vol. 168(C).
    57. Miguel Almunia & David Lopez-Rodriguez, 2019. "The elasticity of taxable income in Spain: 1999–2014," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 10(3), pages 281-320, November.
    58. Andrew Keinsley & Shu Wu, 2020. "Marginal Income Tax Rates, Economic Growth, and Primary Fiscal Deficits," Public Finance Review, , vol. 48(5), pages 676-705, September.
    59. Patrick Macnamara & Myroslav Pidkuyko & Raffaele Rossi, 2021. "Marginal Tax Rates and Income in the Long Run: Evidence from a Structural Estimation," Economics Discussion Paper Series 2105, Economics, The University of Manchester, revised Jan 2022.
    60. Anh D.M.Nguyen & Luisanna Onnis & Raffaele Rossi, 2017. "The Macroeconomic Effects of Income and Consumption Tax Changes," Working Papers 2017008, The University of Sheffield, Department of Economics.
    61. Giuseppe Piroli & Joerg Peschner, 2023. "The Impact of Taxation Structure on Growth: Empirical Evidence from EU27 Member States," EERI Research Paper Series EERI RP 2023/05, Economics and Econometrics Research Institute (EERI), Brussels.
    62. Di Nola, Alessandro & Kocharkov, Georgi & Scholl, Almuth & Tkhir, Anna-Mariia & Wang, Haomin, 2024. "Taxation of top incomes and tax avoidance," Discussion Papers 25/2024, Deutsche Bundesbank.
    63. DUTCAS, Monica Florica & GROSU, Denisa-Gabriela, 2022. "Share Of The Work In The Net Added Value Produced In The National Economy," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 10(1), pages 61-72, October.
    64. Rünstler, Gerhard, 2021. "The macroeconomic impact of euro area labour market reforms: evidence from a narrative panel VAR," Working Paper Series 2592, European Central Bank.
    65. Daria Pankova & Alexander Tarasov, 2025. "Distortions in monopolistic competition with endogenous labor," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 13(2), pages 341-352, October.
    66. Louis Kaplow, 2024. "Optimal Income Taxation," Journal of Economic Literature, American Economic Association, vol. 62(2), pages 637-738, June.
    67. Grechyna, Daryna, 2021. "Mandatory spending, political polarization, and macroeconomic volatility," European Journal of Political Economy, Elsevier, vol. 68(C).
    68. Tumisang Loate & Romain Houssa & Nicola Viegi, 2021. "The macroeconomic effect of fiscal policy in South Africa: A narrative analysis," WIDER Working Paper Series wp-2021-156, World Institute for Development Economic Research (UNU-WIDER).
    69. Robert J. Barro & Brian Wheaton, 2019. "Incorporation and Productivity," CESifo Working Paper Series 7909, CESifo.
    70. Badel, Alejandro & Huggett, Mark, 2017. "The sufficient statistic approach: Predicting the top of the Laffer curve," Journal of Monetary Economics, Elsevier, vol. 87(C), pages 1-12.
    71. Robert J. Barro & Brian Wheaton, 2019. "Taxes, incorporation, and productivity," AEI Economics Working Papers 1006902, American Enterprise Institute.
    72. Domenico Ferraro & Giuseppe Fiori, 2023. "Nonlinear Employment Effects of Tax Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(5), pages 1001-1042, August.
    73. Ashesh Rambachan & Neil Shephard, 2019. "When do common time series estimands have nonparametric causal meaning?," Papers 1903.01637, arXiv.org, revised Jan 2025.
    74. Karel Mertens, 2018. "The Near Term Growth Impact of the Tax Cuts and Jobs Act," Working Papers 1803, Federal Reserve Bank of Dallas.
    75. Smart Asomaning Sarpong & Akwasi Agyei, 2022. "Interactions Between Water Level, Crude Oil, and Hydroelectric Power Generation in Ghana; A Structured Vector Auto Regression Approach," International Journal of Statistics and Probability, Canadian Center of Science and Education, vol. 11(3), pages 1-22, May.
    76. Bossie, Andrew, 2020. "The asymmetric response of the economy to tax changes before and after 1980," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).
    77. von Schweinitz, Gregor, 2023. "The importance of credit demand for business cycle dynamics," IWH Discussion Papers 21/2023, Halle Institute for Economic Research (IWH).
    78. Louis Kaplow, 2022. "Optimal Income Taxation," NBER Working Papers 30199, National Bureau of Economic Research, Inc.
    79. Hou, Chenghan, 2024. "Large Bayesian SVARs with linear restrictions," Journal of Econometrics, Elsevier, vol. 244(1).
    80. Domenico Ferraro & Soroush Ghazi & Pietro F Peretto, 2023. "Labour Taxes, Market Size and Productivity Growth," The Economic Journal, Royal Economic Society, vol. 133(654), pages 2210-2250.
    81. Eunseong Ma, 2019. "The Heterogeneous Responses of Consumption between Poor and Rich to Government Spending Shocks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 51(7), pages 1999-2028, October.
    82. Choi, Sangyup & Shin, Junhyeok, 2023. "Household indebtedness and the macroeconomic effects of tax changes," Journal of Economic Behavior & Organization, Elsevier, vol. 209(C), pages 22-52.
    83. Guner, Nezih & Lopez-Daneri, Martin & Ventura, Gustavo, 2014. "Heterogeneity and Government Revenues: Higher Taxes at the Top?," IZA Discussion Papers 8335, IZA Network @ LISER.
    84. Markus Poschke & Baris Kaymak, 2015. "The evolution of wealth inequality over half a century: the role of skills, taxes and institutions," 2015 Meeting Papers 967, Society for Economic Dynamics.
    85. Robertas Zubrickas, 2022. "Loss aversion, labor supply, and income taxation," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(2), pages 579-598, April.
    86. Amina Enkhbold, 2023. "Monetary Policy Transmission, Bank Market Power, and Wholesale Funding Reliance," Staff Working Papers 23-35, Bank of Canada.
    87. Jacob, Martin & Vossebürger, Robert, 2022. "The role of personal income taxes in corporate investment decisions," Journal of Corporate Finance, Elsevier, vol. 77(C).
    88. Jonathan Heathcote & Kjetil Storesletten & Giovanni L. Violante, 2020. "How Should Tax Progressivity Respond to Rising Income Inequality?," Staff Report 615, Federal Reserve Bank of Minneapolis.
    89. Giuseppe Fiori & Domenico Ferraro, 2016. "Aging of the Baby Boomers: Demographics and Propagation of Tax Shocks," 2016 Meeting Papers 359, Society for Economic Dynamics.
    90. Stephanie Ettmeier, 2022. "No Taxation without Reallocation: The Distributional Effects of Tax Changes," Discussion Papers of DIW Berlin 2022, DIW Berlin, German Institute for Economic Research.
    91. Ziegenbein, Alexander, 2021. "Macroeconomic shocks and Okun’s Law," Economics Letters, Elsevier, vol. 202(C).
    92. Andrew J. Fieldhouse & Karel Mertens, 2023. "The Returns to Government R&D: Evidence from U.S. Appropriations Shocks," Working Papers 2305, Federal Reserve Bank of Dallas, revised 21 Nov 2024.
    93. Laura E. Jackson & Christopher Otrok & Michael T. Owyang, 2019. "Tax Progressivity, Economic Booms, and Trickle-Up Economics," Working Papers 2019-034, Federal Reserve Bank of St. Louis, revised 12 Mar 2026.
    94. Robin Braun & Ralf Brüggemann, 2022. "Identification of SVAR models by combining sign restrictions with external instruments," Bank of England working papers 961, Bank of England.
    95. Montiel Olea, José L. & Stock, James H. & Watson, Mark W., 2021. "Inference in Structural Vector Autoregressions identified with an external instrument," Journal of Econometrics, Elsevier, vol. 225(1), pages 74-87.
    96. Dominik Bertsche, 2019. "The effects of oil supply shocks on the macroeconomy: a Proxy-FAVAR approachThe effects of oil supply shocks on the macroeconomy: a Proxy-FAVAR approach," Working Paper Series of the Department of Economics, University of Konstanz 2019-06, Department of Economics, University of Konstanz.
    97. Dabla-Norris, Era & Lima, Frederico, 2023. "Macroeconomic effects of tax rate and base changes: Evidence from fiscal consolidations," European Economic Review, Elsevier, vol. 153(C).
    98. Luca Fanelli & Antonio Marsi, 2021. "Unconventional Monetary Policy in the Euro Area: A Tale of Three Shocks," Working Papers wp1164, Dipartimento Scienze Economiche, Universita' di Bologna.
    99. Hernández, Juan R. & Ventosa-Santaulària, Daniel & Valencia, J. Eduardo, 2024. "Global supply chain inflationary pressures and monetary policy in Mexico," Emerging Markets Review, Elsevier, vol. 58(C).
    100. Berisha, Edmond, 2020. "Tax cuts and ”middle-class” workers," Economic Analysis and Policy, Elsevier, vol. 65(C), pages 276-281.
    101. Robert J. Barro, 2019. "Taxes and the macro economy," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 37(2), pages 377-400.
    102. Rüth, Sebastian K. & Simon, Camilla, 2020. "How Do Income and the Debt Position of Households Propagate Public into Private Spending?," Working Papers 0676, University of Heidelberg, Department of Economics.
    103. Panagiotis ASIMAKOPOULOS, 2025. "Tax and macroeconomic framework. The case of Greece," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(642), S), pages 237-250, Spring.
    104. Fanelli, Luca & Marsi, Antonio, 2022. "Sovereign spreads and unconventional monetary policy in the Euro area: A tale of three shocks," European Economic Review, Elsevier, vol. 150(C).
    105. Alberto Polo, 2021. "Imperfect pass-through to deposit rates and monetary policy transmission," Bank of England working papers 933, Bank of England.
    106. Alfred A. Haug & India Power, 2022. "Government Spending Multipliers in Times of Tight and Loose Monetary Policy in New Zealand," The Economic Record, The Economic Society of Australia, vol. 98(322), pages 249-270, September.
    107. Vanesa Jorda & Jose M. Alonso, 2020. "What works to mitigate and reduce relative (and absolute) inequality?: A systematic review," WIDER Working Paper Series wp-2020-152, World Institute for Development Economic Research (UNU-WIDER).
    108. Alfred A. Haug & Tomasz Łyziak & Anna Sznajderska, 2022. "The Role of the Monetary Policy Stance for the Goverment Spending Multiplier in Poland ​," KAE Working Papers 2022-080, Warsaw School of Economics, Collegium of Economic Analysis.
    109. Li, Shengfeng & Hoque, Hafiz & Thijssen, Jacco, 2021. "Firm financial behaviour dynamics and interactions: A structural vector autoregression approach," Journal of Corporate Finance, Elsevier, vol. 69(C).
    110. Ferraro, Domenico & Ghazi, Soroush & Peretto, Pietro F., 2020. "Implications of tax policy for innovation and aggregate productivity growth," European Economic Review, Elsevier, vol. 130(C).

  24. Karel Mertens, 2013. "Marginal Tax Rates and Reported Incomes: New Time Series Evidence," 2013 Meeting Papers 574, Society for Economic Dynamics.

    Cited by:

    1. Marco Bernardini & Gert Peersman, 2015. "Private Debt Overhang And The Government Spending Multiplier: Evidence For The United States," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 15/901, Ghent University, Faculty of Economics and Business Administration.
    2. Mario Alloza, 2016. "The Impact of Taxes on Income Mobility," Discussion Papers 1632, Centre for Macroeconomics (CFM).
    3. Markus Poschke & Baris Kaymak, 2015. "The evolution of wealth inequality over half a century: the role of skills, taxes and institutions," 2015 Meeting Papers 967, Society for Economic Dynamics.

  25. Ravn, Morten & Mertens, Karel, 2012. "A Reconciliation of SVAR and Narrative Estimates of Tax Multipliers," CEPR Discussion Papers 8973, C.E.P.R. Discussion Papers.

    Cited by:

    1. Max Gillman, 2020. "Income Tax Evasion: Tax Elasticity, Welfare, and Revenue," KRTK-KTI WORKING PAPERS 2038, Institute of Economics, Centre for Economic and Regional Studies.
    2. Angelini, Giovanni & Fanelli, Luca, 2018. "Exogenous uncertainty and the identification of Structural Vector Autoregressions with external instruments," MPRA Paper 93864, University Library of Munich, Germany, revised May 2019.
    3. Richard Kneller & Florian Misch, 2017. "A Survey On The Output Effects Of Tax Reforms From A Policy Perspective," Contemporary Economic Policy, Western Economic Association International, vol. 35(1), pages 165-192, January.
    4. Keränen, Henri & Kuusi, Tero, 2016. "The EU’s Fiscal Targets and Their Economic Impact in Finland," ETLA Working Papers 33, The Research Institute of the Finnish Economy.
    5. Leonardo Melosi & Hiroshi Morita & Anna Rogantini Picco & Francesco Zanetti, 2024. "The Signaling Effects of Fiscal Announcements," Discussion Papers 2436, Centre for Macroeconomics (CFM).
    6. Mumtaz, Haroon & Theodoridis, Konstantinos, 2020. "Fiscal policy shocks and stock prices in the United States," European Economic Review, Elsevier, vol. 129(C).
    7. Bofinger, Peter & Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Wieland, Volker, 2018. "Vor wichtigen wirtschaftspolitischen Weichenstellungen. Jahresgutachten 2018/19 [Setting the Right Course for Economic Policy. Annual Report 2018/19]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201819.
    8. Laumer, Sebastian, 2020. "Government spending and heterogeneous consumption dynamics," Journal of Economic Dynamics and Control, Elsevier, vol. 114(C).
    9. Ramey, Valerie A, 2019. "Ten Years After the Financial Crisis: What Have We Learned from the Renaissance in Fiscal Research?," University of California at San Diego, Economics Working Paper Series qt6cd687wc, Department of Economics, UC San Diego.
    10. Dante Cardoso & Laura Carvalho & Gilberto Tadeu Lima & Luiza Nassif-Pires & Fernando Rugitsky & Marina Sanches, 2023. "The Multiplier Effects of Government Expenditures on Social Protection: A Multi-Country Analysis," Working Papers, Department of Economics 2023_11, University of São Paulo (FEA-USP).
    11. Georgios Karras, 2019. "Macroeconomic Effects of Tax Changes: Evidence from a Sample of OECD Countries," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 69(3), pages 111-138, July-Sept.
    12. Hussain, Syed M. & Malik, Samreen, 2016. "Asymmetric Effects of Exogenous Tax Changes," Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 268-300.
    13. Andrew Bossie, 2013. "The Effect of Fiscal Policy Shocks on the Flow of Funds," 2013 Papers pbo741, Job Market Papers.
    14. Gunter, Samara & Riera-Crichton, Daniel & Vegh, Carlos A. & Vuletin, Guillermo, 2021. "Non-linear effects of tax changes on output: The role of the initial level of taxation," Journal of International Economics, Elsevier, vol. 131(C).
    15. Michael Roos & Matthias Reccius, 2024. "Narratives in economics," Journal of Economic Surveys, Wiley Blackwell, vol. 38(2), pages 303-341, April.
    16. Bernd Hayo & Sascha Mierzwa & Umut Unal, 2021. "Estimating Policy-Corrected Long-Term and Short-Term Tax Elasticities for the United States, Germany, and the United Kingdom," MAGKS Papers on Economics 202112, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    17. Karamysheva, Madina, 2022. "How do fiscal adjustments work? An empirical investigation," Journal of Economic Dynamics and Control, Elsevier, vol. 137(C).
    18. Sebastian Gechert & Christoph Paetz & Paloma Villanueva, 2016. "A Narrative Account of Legislated Social Security Changes for Germany," IMK Working Paper 170-2016, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    19. Rangan Gupta & Chi Keung Marco Lau & Stephen M. Miller & Mark E. Wohar, 2017. "U.S. Fiscal Policy and Asset Prices: The Role of Partisan Conflict," Working Papers 201742, University of Pretoria, Department of Economics.
    20. Elstner, Steffen & Rujin, Svetlana, 2019. "The consequences of U.S. technology changes for productivity in advanced economies," Ruhr Economic Papers 796, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    21. Gerald Carlino & Robert P. Inman, 2014. "Fiscal Stimulus in Economic Unions: What Role for States?," NBER Chapters, in: Tax Policy and the Economy, Volume 30, pages 1-50, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Corsetti, G. & Duarte, J. B. & Mann, S., 2018. "One Money, Many Markets - A Factor Model Approach to Monetary Policy in the Euro Area with High-Frequency Identification," Cambridge Working Papers in Economics 1816, Faculty of Economics, University of Cambridge.
    2. Snezana Eminidou & Marios Zachariadis, 2019. "Firms’ Expectations and Monetary Policy Shocks in the Eurozone," University of Cyprus Working Papers in Economics 02-2019, University of Cyprus Department of Economics.
    3. Ippolito, Filippo & Ozdagli, Ali K. & Perez-Orive, Ander, 2018. "The transmission of monetary policy through bank lending: The floating rate channel," Journal of Monetary Economics, Elsevier, vol. 95(C), pages 49-71.
    4. Joris de Wind, 2014. "Time variation in the dynamic effects of unanticipated changes in tax policy," CPB Discussion Paper 271, CPB Netherlands Bureau for Economic Policy Analysis.
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  27. Ravn, Morten & Mertens, Karel, 2011. "Credit Channels in a Liquidity Trap," CEPR Discussion Papers 8322, C.E.P.R. Discussion Papers.

    Cited by:

    1. Salvatore Perdichizzi, 2017. "Estimating Fiscal multipliers in the Eurozone. A Nonlinear Panel Data Approach," DISCE - Working Papers del Dipartimento di Economia e Finanza def058, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    2. Karel Mertens & Morten O. Ravn, 2011. "Leverage and the Financial Accelerator in a Liquidity Trap," American Economic Review, American Economic Association, vol. 101(3), pages 413-416, May.
    3. Charles Brendon & Matthias Paustian & Tony Yates, 2013. "The pitfalls of speed-limit interest rate rules at the zero lower bound," Bank of England working papers 473, Bank of England.
    4. Andrea Boitani & Salvatore Perdichizzi, 2018. "Public Expenditure Multipliers in recessions. Evidence from the Eurozone," DISCE - Working Papers del Dipartimento di Economia e Finanza def068, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    5. Hintermaier, Thomas & Koeniger, Winfried, 2015. "Household debt and crises of confidence," CFS Working Paper Series 519, Center for Financial Studies (CFS).
    6. Karel Mertens & Morten Ravn, 2011. "The Research Agenda: Karel Mertens and Morten Ravn on Fiscal Policy, Anticipation Effects, Expectations and Crisis," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 12(2), April.
    7. Karel R. S. M. Mertens & Morten O. Ravn, 2014. "Fiscal Policy in an Expectations-Driven Liquidity Trap," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(4), pages 1637-1667.

  28. Ravn, Morten & Mertens, Karel, 2010. "Fiscal Policy in an Expectations Driven Liquidity Trap," CEPR Discussion Papers 7931, C.E.P.R. Discussion Papers.

    Cited by:

    1. Michau, Jean-Baptiste, 2025. "Fiscal policy under secular stagnation: An optimal pump-priming strategy," Journal of Economic Dynamics and Control, Elsevier, vol. 175(C).
    2. Lustenhouwer, Joep, 2020. "Fiscal Stimulus In Expectations-Driven Liquidity Traps," Working Papers 0683, University of Heidelberg, Department of Economics.
    3. Morris, Stephen D., 2020. "Is the Taylor principle still valid when rates are low?," Journal of Macroeconomics, Elsevier, vol. 64(C).
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    152. Adrian Penalver & Nobuyuki Hanaki & Eizo Akiyama & Yukihiko Funaki & Ryuichiro Ishikawa, 2018. "An Experimental Analysis Of The Effect Of Quantitative Easing," Working papers 684, Banque de France.
    153. Emi Nakamura & Jón Steinsson, 2011. "Fiscal Stimulus in a Monetary Union: Evidence from U.S. Regions," NBER Working Papers 17391, National Bureau of Economic Research, Inc.
    154. Yoichiro Tamanyu, 2019. "Tax Rules to Prevent Expectations-driven Liquidity Trap," Keio-IES Discussion Paper Series 2019-005, Institute for Economics Studies, Keio University.
    155. Karel Mertens & Morten Ravn, 2011. "The Research Agenda: Karel Mertens and Morten Ravn on Fiscal Policy, Anticipation Effects, Expectations and Crisis," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 12(2), April.
    156. Adalgiso AMENDOLA & Mario DI SERIO & Matteo FRAGETTA, 2018. "The Government Spending Multiplier at the Zero Lower Bound: Evidence from the Euro Area," CELPE Discussion Papers 153, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    157. Lawrence J. Christiano, 2017. "Comment on "Michelson-Morley, Fisher, and Occam: The Radical Implications of Stable Quiet Inflation at the Zero Bound"," NBER Chapters, in: NBER Macroeconomics Annual 2017, volume 32, pages 227-245, National Bureau of Economic Research, Inc.
    158. Marco Battaglini & Stephen Coate, 2011. "Fiscal Policy and Unemployment," NBER Working Papers 17562, National Bureau of Economic Research, Inc.
    159. Valerio Ercolani & João Valle e Azevedo, 2018. "How can the government spending multiplier be small at the zero lower bound?," Temi di discussione (Economic working papers) 1174, Bank of Italy, Economic Research and International Relations Area.
    160. Matthew Denes & Gauti B. Eggertsson & Sophia Gilbukh, 2012. "Deficits, public debt dynamics, and tax and spending multipliers," Staff Reports 551, Federal Reserve Bank of New York.
    161. Holden, Tom D., 2016. "Existence, uniqueness and computation of solutions to dynamic models with occasionally binding constraints," EconStor Preprints 127430, ZBW - Leibniz Information Centre for Economics.
    162. Jordan Roulleau-Pasdeloup, 2013. "The Productive Government Spending Multiplier, In and Out of The Zero Lower Bound," Working Papers 2013-02, Center for Research in Economics and Statistics.
    163. Gauti B. Eggertsson, 2011. "What Fiscal Policy Is Effective at Zero Interest Rates?," NBER Chapters, in: NBER Macroeconomics Annual 2010, volume 25, pages 59-112, National Bureau of Economic Research, Inc.
    164. Karim Triki, 2016. "Expenditure-based Consolidation: Experiences and Outcomes – Workshop proceedings," European Economy - Discussion Papers 026, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    165. Fernando M. Duarte & Anna Zabai, 2015. "An interest rate rule to uniquely implement the optimal equilibrium in a liquidity trap," Staff Reports 745, Federal Reserve Bank of New York.
    166. Jeffrey Campbell, 2017. "Quantitative Easing in Joseph's Egypt with Keynesian Producers," 2017 Meeting Papers 1165, Society for Economic Dynamics.
    167. Jesper Lindé & Mathias Trabandt, 2017. "Should We Use Linearised Models to Calculate Fiscal Multipliers?," European Economy - Discussion Papers 064, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    168. Morten Ravn & Karel Mertens, 2011. "Credit Channels in a Liquidity Trap," 2011 Meeting Papers 1452, Society for Economic Dynamics.
    169. Roulleau-Pasdeloup, Jordan, 2020. "Optimal monetary policy and determinacy under active/passive regimes," European Economic Review, Elsevier, vol. 130(C).
    170. Roc Armenter, 2014. "The Perils of Nominal Targets," 2014 Meeting Papers 428, Society for Economic Dynamics.
    171. Florin O. Bilbiie, 2019. "Optimal Forward Guidance," American Economic Journal: Macroeconomics, American Economic Association, vol. 11(4), pages 310-345, October.
    172. H. E. Cha & Raymond Jay Lim, 2024. "Model‐based estimation in monetary policy inertia and it's another possibility," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 2077-2094, April.
    173. Vincent Belinga & Mr. Constant A Lonkeng Ngouana, 2015. "(Not) Dancing Together: Monetary Policy Stance and the Government Spending Multiplier," IMF Working Papers 2015/114, International Monetary Fund.
    174. Christian Bredemeier & Falko Juessen & Andreas Schabert, 2017. "Fiscal Multipliers and Monetary Policy: Reconciling Theory and Evidence," Working Paper Series in Economics 95, University of Cologne, Department of Economics.
    175. Eggertsson, Gauti B. & Singh, Sanjay R., 2019. "Log-linear approximation versus an exact solution at the ZLB in the New Keynesian model," Journal of Economic Dynamics and Control, Elsevier, vol. 105(C), pages 21-43.
    176. Julio A Carrillo & Céline Poilly, 2013. "How do financial frictions a¤ect the spending multiplier during a liquidity trap?," Post-Print hal-05468935, HAL.
    177. Montiel Olea, José L. & Stock, James H. & Watson, Mark W., 2021. "Inference in Structural Vector Autoregressions identified with an external instrument," Journal of Econometrics, Elsevier, vol. 225(1), pages 74-87.
    178. Yulong Chen & Kevin D. Duncan & Liyuan Ma & Peter F. Orazem, 2023. "How relative marginal tax rates affect establishment entry at state borders," Small Business Economics, Springer, vol. 60(3), pages 1081-1103, March.
    179. Piergallini, Alessandro, 2022. "Average inflation targeting and macroeconomic stability," Economics Letters, Elsevier, vol. 219(C).
    180. Eddie Gerba & Klemens Hauzenberger, 2013. "Estimating US Fiscal and Monetary Interactions in a Time Varying VAR," Studies in Economics 1303, School of Economics, University of Kent.
    181. Roberto Casarin & Antonio Peruzzi & Davide Raggi, 2025. "Multiple Equilibria and the Phillips Curve: Do Agents Always Underreact?," Working Papers 2025: 10, Department of Economics, University of Venice "Ca' Foscari".
    182. Juan Passadore & Juan Xandri, 2019. "Robust Predictions in Dynamic Policy Games," 2019 Meeting Papers 1345, Society for Economic Dynamics.
    183. Lansing, Kevin J., 2021. "Endogenous forecast switching near the zero lower bound," Journal of Monetary Economics, Elsevier, vol. 117(C), pages 153-169.
    184. Albonico, Alice & Ascari, Guido & Gobbi, Alessandro, 2021. "The public debt multiplier," Journal of Economic Dynamics and Control, Elsevier, vol. 132(C).
    185. Phuong Ngo & Jianjun Miao, 2015. "Does Calvo Meet Rotemberg at the Zero Lower Bound?," 2015 Meeting Papers 602, Society for Economic Dynamics.
    186. Adrian Penalver & Nobuyuki Hanaki & Eizo Akiyama & Yukihiko Funaki & Ryuichiro Ishikawa, 2018. "A Quantitative Easing Experiment," GREDEG Working Papers 2018-10, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    187. Busetti, Fabio & Neri, Stefano & Notarpietro, Alessandro & Pisani, Massimiliano, 2021. "Monetary policy strategies in the New Normal: A model-based analysis for the euro area," Journal of Macroeconomics, Elsevier, vol. 70(C).
    188. Arifovic, Jasmina & Evans, George W. & Kostyshyna, Olena, 2020. "Are sunspots learnable? An experimental investigation in a simple macroeconomic model," Journal of Economic Dynamics and Control, Elsevier, vol. 110(C).
    189. Jordan Roulleau‐Pasdeloup, 2018. "The Government Spending Multiplier in a (Mis)Managed Liquidity Trap," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(2-3), pages 293-315, March.
    190. McClung, Nigel, 2020. "E-stability vis-à-vis determinacy in regime-switching models," Journal of Economic Dynamics and Control, Elsevier, vol. 121(C).
    191. Banerjee, Ryan & Zampolli, Fabrizio, 2019. "What drives the short-run costs of fiscal consolidation? Evidence from OECD countries," Economic Modelling, Elsevier, vol. 82(C), pages 420-436.
    192. Francesco MAGRIS & Daria ONORI, 2020. "Taylor and fiscal rules: when do they stabilize the economy?," LEO Working Papers / DR LEO 2746, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    193. Benhabib, Jess & Evans, George W. & Honkapohja, Seppo, 2014. "Liquidity traps and expectation dynamics: Fiscal stimulus or fiscal austerity?," Journal of Economic Dynamics and Control, Elsevier, vol. 45(C), pages 220-238.
    194. Mackowiak, Bartosz & Corsetti, Giancarlo & Dedola, Luca & Schmidt, Sebastian & Jarocinski, Marek, 2017. "Macroeconomic Stabilization, Monetary-Fiscal Interactions, and Europe’s Monetary Union," CEPR Discussion Papers 12371, C.E.P.R. Discussion Papers.

  29. Ravn, Morten & Mertens, Karel, 2010. "Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks," CEPR Discussion Papers 7962, C.E.P.R. Discussion Papers.

    Cited by:

    1. Dario Caldara & Cristina Fuentes-Albero & Simon Gilchrist & Egon Zakrajšek, 2016. "The Macroeconomic Impact of Financial and Uncertainty Shocks," International Finance Discussion Papers 1166, Board of Governors of the Federal Reserve System (U.S.).
    2. Renato Faccini & Eran Yashiv, 2022. "The importance of hiring frictions in business cycles," Quantitative Economics, Econometric Society, vol. 13(3), pages 1101-1143, July.
    3. Stephan B. Bruns & Alessio Moneta & David I. Stern, 2019. "Estimating the Economy-Wide Rebound Effect Using Empirically Identified Structural Vector Autoregressions," LEM Papers Series 2019/27, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    4. Hussain, Syed M. & Malik, Samreen, 2016. "Asymmetric Effects of Exogenous Tax Changes," Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 268-300.
    5. Olivier Cardi & Romain Restout, 2023. "Why Hours Worked Decline Less after Technology Shocks?Â," Working Papers 396800288, Lancaster University Management School, Economics Department.
    6. Luisito Bertinelli & Olivier Cardi & Romain Restout, 2021. "Labor Market Effects of Technology Shocks Biased toward the Traded Sector," Working Papers 342990229, Lancaster University Management School, Economics Department.
    7. Francesco Furlanetto & Antoine Lepetit & Ørjan Robstad & Juan F. Rubio-Ramirez & Pål Ulvedal, 2021. "Estimating Hysteresis Effects," Finance and Economics Discussion Series 2021-059, Board of Governors of the Federal Reserve System (U.S.).
    8. Miranda-Agrippino, Silvia & Hacıoglu Hoke, Sinem, 2018. "When creativity strikes: news shocks and business cycle fluctuations," LSE Research Online Documents on Economics 90381, London School of Economics and Political Science, LSE Library.
    9. Valerie A. Ramey, 2016. "Macroeconomic Shocks and Their Propagation," NBER Working Papers 21978, National Bureau of Economic Research, Inc.
    10. Miranda-Agrippino, Silvia & Hacıoğlu Hoke, Sinem & Bluwstein, Kristina, 2020. "Patents, News, and Business Cycles," CEPR Discussion Papers 15062, C.E.P.R. Discussion Papers.
    11. Balleer, Almut & Enders, Zeno, 2013. "Expansionary and Contractionary Technology Improvements," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80046, Verein für Socialpolitik / German Economic Association.
    12. Zeno Enders & Almut Balleer, 2012. "Expansionary and Contractionary Technology Shocks," 2012 Meeting Papers 812, Society for Economic Dynamics.
    13. Olivier Cardi & Romain Restout, 2021. "Sectoral Fiscal Multipliers and Technology in Open Economy," Working Papers 327798298, Lancaster University Management School, Economics Department.
    14. Hussain, Syed Muhammad, 2015. "The contractionary effects of tax shocks on productivity: An empirical and theoretical analysis," Journal of Macroeconomics, Elsevier, vol. 43(C), pages 93-107.
    15. Ravn, Morten & Mertens, Karel, 2012. "A Reconciliation of SVAR and Narrative Estimates of Tax Multipliers," CEPR Discussion Papers 8973, C.E.P.R. Discussion Papers.
    16. James H. Stock & Mark W. Watson, 2012. "Disentangling the Channels of the 2007-2009 Recession," NBER Working Papers 18094, National Bureau of Economic Research, Inc.

  30. Karel Mertens & Morten Overgaard Ravn, 2010. "Online Appendix to "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks"," Online Appendices 09-221, Review of Economic Dynamics.

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    1. Dimitris Papageorgiou, 2014. "BoGGEM: a dynamic stochastic general equilibrium model for policy simulations," Working Papers 182, Bank of Greece.
    2. de Ridder, M. & Pfajfar, D., 2017. "Policy Shocks and Wage Rigidities: Empirical Evidence from Regional Effects of National Shocks," Cambridge Working Papers in Economics 1717, Faculty of Economics, University of Cambridge.
    3. Müller, Gernot & Wolf, Martin & Hettig, Thomas, 2019. "Exchange Rate Undershooting: Evidence and Theory," CEPR Discussion Papers 13597, C.E.P.R. Discussion Papers.
    4. Sarolta Laczo & Raffaele Rossi, 2018. "Time-Consistent Consumption Taxation," Working Papers 857, Queen Mary University of London, School of Economics and Finance.
    5. Deni Sugaipov, 2022. "Estimating the impact of terms of trade news shocks on the Russian economy," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 66, pages 39-67.
    6. Paolo Surico & Clodomiro Ferreira & James Cloyne, 2015. "Housing Debt and the Transmission of Monetary Policy," 2015 Meeting Papers 629, Society for Economic Dynamics.
    7. Lawrence Christiano & Mathias Trabandt & Karl Walentin, 2021. "Involuntary Unemployment and the Business Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 39, pages 26-54, January.
    8. Francesco Giavazzi, 2013. "Comment," NBER Macroeconomics Annual, University of Chicago Press, vol. 27(1), pages 143-146.
    9. Timo Boppart & Per Krusell, 2016. "Labor Supply in the Past, Present, and Future: a Balanced-Growth Perspective," NBER Working Papers 22215, National Bureau of Economic Research, Inc.
    10. José Alves, 2018. "A DSGE Model to Evaluate the Macroeconomic Impacts of Taxation," Working Papers REM 2018/62, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa.
    11. Andrew C. Chang & Phillip Li, 2015. "Measurement Error in Macroeconomic Data and Economics Research: Data Revisions, Gross Domestic Product, and Gross Domestic Income," Finance and Economics Discussion Series 2015-102, Board of Governors of the Federal Reserve System (U.S.).
    12. Edouard Challe & Xavier Ragot, 2016. "Precautionary Saving Over the Business Cycle," PSE-Ecole d'économie de Paris (Postprint) halshs-01313771, HAL.
    13. Savagar, Anthony & Dixon, Huw David, 2017. "Firm Entry, Excess Capacity and Aggregate Productivity," Cardiff Economics Working Papers E2017/8, Cardiff University, Cardiff Business School, Economics Section.
    14. Zuzana Mucka & Michal Horvath, 2015. "Fiscal Policy Matters A New DSGE Model for Slovakia," Discussion Papers Discussion Paper No. 1/20, Council for Budget Responsibility.
    15. Hussain, Syed M. & Malik, Samreen, 2016. "Asymmetric Effects of Exogenous Tax Changes," Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 268-300.
    16. Brianti, Marco & Gáti, Laura, 2023. "Information and communication technologies and medium-run fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 156(C).
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    21. Michael Funke & Raphael Terasa, 2026. "Germany’s Swift Package of Business Tax Breaks Aimed at Stimulating Investment," CESifo Working Paper Series 12385, CESifo.
    22. Candelon, Bertrand & Lieb, Lenard, 2013. "Fiscal policy in good and bad times," Journal of Economic Dynamics and Control, Elsevier, vol. 37(12), pages 2679-2694.
    23. Sims, Eric & Wolff, Jonathan, 2018. "The state-dependent effects of tax shocks," European Economic Review, Elsevier, vol. 107(C), pages 57-85.
    24. Chang, Juin-Jen & Kuo, Chun-Hung & Lin, Hsieh-Yu & Yang, Shu-Chun S., 2023. "Share buybacks and corporate tax cuts," Journal of Economic Dynamics and Control, Elsevier, vol. 151(C).
    25. Herrera, Ana María & Rangaraju, Sandeep Kumar, 2019. "The quantitative effects of tax foresight: Not all states are equal," Journal of Economic Dynamics and Control, Elsevier, vol. 107(C), pages 1-1.
    26. Cui, Wei, 2016. "Monetary–fiscal interactions with endogenous liquidity frictions," European Economic Review, Elsevier, vol. 87(C), pages 1-25.
    27. Alena Miftakhova & Clément Renoir, 2021. "Economic Growth and Equity in Anticipation of Climate Policy," CER-ETH Economics working paper series 21/355, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    28. Guo, Junjie & Tang, Li & Xie, Shihan & Yin, Penghui, 2025. "Navigating fiscal fog: Household expectations in an uncertain fiscal environment," Journal of Economic Behavior & Organization, Elsevier, vol. 240(C).
    29. Giovanni Angelini & Giovanni Caggiano & Efrem Castelnuovo & Luca Fanelli, 2021. "Are Fiscal Multipliers Estimated with Proxy-SVARs Robust?," Monash Economics Working Papers 2021-08, Monash University, Department of Economics.
    30. Leonardo Melosi & Hiroshi Morita & Anna Rogantini Picco & Francesco Zanetti, 2024. "The Signaling Effects of Fiscal Announcements," Economics Series Working Papers 1053, University of Oxford, Department of Economics.
    31. Rülke, Jan-Christoph & Frenkel, Michael & Lis, Eliza, 2013. "Do budget balance rules anchor budget balance expectations? -- Some international evidence," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 80050, Verein für Socialpolitik / German Economic Association.
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    34. Lorenzo Carbonari & Alessio Farcomeni & Filippo Maurici & Giovanni Trovato, 2024. "On the Output Effect of Fiscal Consolidation Plans: A Causal Analysis," CEIS Research Paper 578, Tor Vergata University, CEIS, revised 20 May 2024.
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    36. Henri Keränen & Sakari Lähdemäki, 2020. "Identification of fiscal SVARs in small open economies using trading partner forecast errors as instruments," Working Papers 330, Työn ja talouden tutkimus LABORE, The Labour Institute for Economic Research LABORE.
    37. Alberto Alesina & Carlo Favero & Francesco Giavazzi, 2013. "The output effect of fiscal consolidations," Working Papers 478, IGIER (Innocenzo Gasparini Institute for Economic Research), Bocconi University.
    38. Kizuku Takao, 2014. "Dynamic effects of anticipated and temporary tax changes in a R&D-Based growth model," Discussion Papers in Economics and Business 14-10, Osaka University, Graduate School of Economics.
    39. Leo Kaas & Wei Cui, 2017. "Default Cycles," 2017 Meeting Papers 1288, Society for Economic Dynamics.
    40. Valerie A. Ramey, 2016. "Macroeconomic Shocks and Their Propagation," NBER Working Papers 21978, National Bureau of Economic Research, Inc.
    41. Séverine Menguy, 2017. "On the efficiency of various expansionary fiscal policies and cuts in taxation rates in order to sustain economic activity," Bulletin of Applied Economics, Risk Market Journals, vol. 4(2), pages 1-36.
    42. Kerk Phillips & Richard W. Evans & Jason DeBacker, 2017. "Integrating Microsimulation Tax Functions into a DGE Macroeconomic Model: A Canonical Example," EcoMod2017 10191, EcoMod.
    43. 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.
    44. Désirée I. Christofzik & Angela Fuest & Robin Jessen, 2022. "Macroeconomic Effects of the Anticipation and Implementation of Tax Changes in Germany: Evidence from a Narrative Account," Economica, London School of Economics and Political Science, vol. 89(353), pages 62-81, January.
    45. Gallegos, José-Elías & García-Miralles, Esteban & Kataryniuk, Ivan & Parraga Rodriguez, Susana, 2025. "Fiscal announcements and households’ beliefs: evidence from the euro area," Working Paper Series 3139, European Central Bank.
    46. Lewis, Vivien & Puangjit, Sirikorn, 2025. "A simple model of geopolitical risk and sanctions," Discussion Papers 32/2025, Deutsche Bundesbank.
    47. Efrem Castelnuovo & Guay Lim, 2019. "What Do We Know About the Macroeconomic Effects of Fiscal Policy? A Brief Survey of the Literature on Fiscal Multipliers," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 52(1), pages 78-93, March.
    48. Paul Beaudry & Franck Portier, 2014. "News-Driven Business Cycles: Insights and Challenges," Journal of Economic Literature, American Economic Association, vol. 52(4), pages 993-1074, December.
    49. Zuzana Mucka, 2016. "Fiscal Policy Matters A New DSGE Model for Slovakia," Discussion Papers Discussion Paper No. 1/20, Council for Budget Responsibility.
    50. Mathias Klein & Ludger Linnemann, 2019. "Tax and Spending Shocks in the Open Economy: Are the Deficits Twins?," Discussion Papers of DIW Berlin 1821, DIW Berlin, German Institute for Economic Research.
    51. Jerow, Sam & Wolff, Jonathan, 2022. "Fiscal policy and uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 145(C).
    52. Hussain, Syed M. & Liu, Lin, 2016. "A note on the Cogley–Nason–Sims approach," Economics Letters, Elsevier, vol. 146(C), pages 77-81.
    53. Frankovic, Ivan & Kuhn, Michael & Wrzaczek, Stefan, 2017. "Medical progress, demand for health care, and economic performance," ECON WPS - Working Papers in Economic Theory and Policy 08/2017, TU Wien, Institute of Statistics and Mathematical Methods in Economics, Economics Research Unit.
    54. Chadwick Curtis & Julio Garin & Saif Mehkari, 2020. "Repatriation Taxes," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 36, pages 293-313, April.
    55. Marcin Bielecki, 2017. "Business cycles, innovation and growth: welfare analysis," Working Papers 2017-19, Faculty of Economic Sciences, University of Warsaw.
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    64. Samuel Wills, 2013. "Optimal Monetary Responses to News of an Oil Discovery," OxCarre Working Papers 121, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
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    1. Ricardo M. Reyes-Heroles & Gabriel Tenorio, 2017. "Interest Rate Volatility and Sudden Stops : An Empirical Investigation," International Finance Discussion Papers 1209, Board of Governors of the Federal Reserve System (U.S.).
    2. International Monetary Fund, 2011. "Business Cycles in Emerging Markets: The Role of Durable Goods and Financial Frictions," IMF Working Papers 2011/133, International Monetary Fund.
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    5. Hernán D. Seoane, 2017. "Markups And The Real Effects Of Volatility Shocks," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 58(3), pages 807-828, August.
    6. Nils M. Gornemann & Eugenio Rojas & Felipe Saffie, 2026. "Volatile Rates, Fragile Growth: Global Financial Risk and Productivity Dynamics," International Finance Discussion Papers 1434, Board of Governors of the Federal Reserve System (U.S.).

  34. Ravn, Morten & Mertens, Karel, 2009. "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks," CEPR Discussion Papers 7505, C.E.P.R. Discussion Papers.

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    101. Alloza, Mario, 2016. "The impact of taxes on income mobility," LSE Research Online Documents on Economics 86178, London School of Economics and Political Science, LSE Library.
    102. Karel Mertens & Morten O. Ravn, 2010. "Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks," NBER Chapters, in: NBER International Seminar on Macroeconomics 2010, pages 41-76, National Bureau of Economic Research, Inc.
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    105. Eric Leeper & Todd Walker, 2011. "Information Flows and News Driven Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(1), pages 55-71, January.
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    134. Francesco Giavazzi, 2012. "Comment on "Roads to Prosperity or Bridges to Nowhere? Theory and Evidence on the Impact of Public Infrastructure Investment"," NBER Chapters, in: NBER Macroeconomics Annual 2012, Volume 27, pages 143-146, National Bureau of Economic Research, Inc.
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    138. Carlo Favero & Francesco Giavazzi, 2012. "Measuring Tax Multipliers: The Narrative Method in Fiscal VARs," American Economic Journal: Economic Policy, American Economic Association, vol. 4(2), pages 69-94, May.
    139. Jianjun Miao & Pengfei Wang, 2014. "Lumpy Investment and Corporate Tax Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(6), pages 1171-1203, September.
    140. Alex Clymo & Andrea Lanteri & Alessandro Villa, 2023. "Capital and Labor Taxes with Costly State Contingency," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 51, pages 943-964, December.
    141. Karel Mertens & Morten Overgaard Ravn, 2011. "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(1), pages 27-54, January.
    142. Alesina, Alberto & Favero, Carlo & Giavazzi, Francesco, 2015. "The output effect of fiscal consolidation plans," Journal of International Economics, Elsevier, vol. 96(S1), pages 19-42.
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    144. David, Antonio C. & Sever, Can, 2025. "Unpleasant surprises? Elections and tax news shocks," European Journal of Political Economy, Elsevier, vol. 86(C).
    145. Lahura, Erick & Castillo, Giovana, 2018. "El efecto de cambios tributarios sobre la actividad económica en Perú: Una aplicación del enfoque narrativo," Revista Estudios Económicos, Banco Central de Reserva del Perú, issue 36, pages 31-53.
    146. Olivier CARDI & Romain RESTOUT, 2010. "Sectoral Effects of Tax Reforms in an Open Economy," LIDAM Discussion Papers IRES 2010045, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    147. Virkola, Tuomo, 2014. "Exchange Rate Regime, Fiscal Foresight and the Effectiveness of Fiscal Policy in a Small Open Economy," ETLA Reports 20, The Research Institute of the Finnish Economy.
    148. Klein, Mathias & Linnemann, Ludger, 2019. "Tax and spending shocks in the open economy: Are the deficits twins?," European Economic Review, Elsevier, vol. 120(C).
    149. Andrew C. Chang, 2018. "Nothing is Certain Except Death and Taxes : The Lack of Policy Uncertainty from Expiring \"Temporary\" Taxes," Finance and Economics Discussion Series 2018-041, Board of Governors of the Federal Reserve System (U.S.).
    150. Alan J. Auerbach & Yuriy Gorodnichenko, 2010. "Measuring the Output Responses to Fiscal Policy," NBER Working Papers 16311, National Bureau of Economic Research, Inc.
    151. Divounguy Nding, Orphe, 2015. "Welfare Spending in the Long Run," MPRA Paper 68446, University Library of Munich, Germany.
    152. Papageorgiou, Dimitris, 2012. "Fiscal policy reforms in general equilibrium: The case of Greece," Journal of Macroeconomics, Elsevier, vol. 34(2), pages 504-522.
    153. Lara Wemans & Manuel Coutinho Pereira, 2013. "Output effects of a measure of tax shocks based on changes in legislation for Portugal," Working Papers w201315, Banco de Portugal, Economics and Research Department.
    154. Markus Kirchner & Jacopo Cimadomo & Sebastian Hauptmeier, 2010. "Transmission of Government Spending Shocks in the Euro Area: Time Variation and Driving Forces," Tinbergen Institute Discussion Papers 10-021/2, Tinbergen Institute.
    155. Robert S. Chirinko & Daniel J. Wilson, 2023. "Fiscal Foresight and Perverse Distortions to Firm Behavior: Anticipatory Dips and Compensating Rebounds," CESifo Working Paper Series 10373, CESifo.
    156. Eric M. Leeper & Alexander W. Richter & Todd B. Walker, 2012. "Quantitative Effects of Fiscal Foresight," American Economic Journal: Economic Policy, American Economic Association, vol. 4(2), pages 115-144, May.
    157. Drygalla, Andrej & Holtemöller, Oliver & Kiesel, Konstantin, 2020. "The Effects Of Fiscal Policy In An Estimated Dsge Model—The Case Of The German Stimulus Packages During The Great Recession," Macroeconomic Dynamics, Cambridge University Press, vol. 24(6), pages 1315-1345, September.
    158. Vicondoa, Alejandro, 2019. "Monetary news in the United States and business cycles in emerging economies," Journal of International Economics, Elsevier, vol. 117(C), pages 79-90.
    159. Meier, Matthias, 2017. "Time to Build and the Business Cycle," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168059, Verein für Socialpolitik / German Economic Association.
    160. Malani, Anup & Reif, Julian, 2015. "Interpreting pre-trends as anticipation: Impact on estimated treatment effects from tort reform," Journal of Public Economics, Elsevier, vol. 124(C), pages 1-17.
    161. Dybowski, T. Philipp, 2015. "Tracing the Role of Foresight on the Effects of U.S. Tax Policy: Evidence from a Time-Varying SVAR," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113049, Verein für Socialpolitik / German Economic Association.
    162. Bibhuti Ranjan Mishra, 2019. "The Size of Fiscal Multipliers in India: A State Level Analysis Using Panel Vector Autoregression Model," Global Business Review, International Management Institute, vol. 20(6), pages 1393-1406, December.
    163. Dario Caldara & Christophe Kamps, 2012. "The analytics of SVARs: a unified framework to measure fiscal multipliers," Finance and Economics Discussion Series 2012-20, Board of Governors of the Federal Reserve System (U.S.).
    164. Dimitris Papageorgiou & Evangelia Vourvachaki, 2015. "The Macroeconomic Impact of Structural Reforms in Product and Labour Markets: Trade-Offs and Complementarities," Working Papers 197, Bank of Greece.
    165. Rangaraju, Sandeep Kumar & Herrera, Ana María, 2021. "Tax news in good and bad times," Economics Letters, Elsevier, vol. 207(C).
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    167. Henrique Salviano Fernandes & Jose Luis Oreiro, 2025. "The Impact of Disguised Unemployment over Fiscal Multipliers in Brazil (2012-2024)," Working Papers PKWP2502, Post Keynesian Economics Society (PKES).
    168. Júlia Brunet & Susana Párraga, 2021. "Fiscal rebalancing plans in the medium term: the case of the United Kingdom," Economic Bulletin, Banco de España, issue 2/2021.
    169. Vivek Prasad, 2015. "Balanced Budget Tax Cuts in a Liquidity-Constrained Economy," Manchester School, University of Manchester, vol. 83, pages 87-119, September.
    170. Clemens, Marius & Röger, Werner, 2021. "Temporary VAT Reduction during the Lockdown - Evidence from Germany," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242459, Verein für Socialpolitik / German Economic Association.
    171. Klein, Mathias & Linnemann, Ludger, 2024. "Tax shocks, firm entry, and productivity in the open economy," Journal of International Money and Finance, Elsevier, vol. 149(C).
    172. Ferraro, Domenico & Ghazi, Soroush & Peretto, Pietro F., 2020. "Implications of tax policy for innovation and aggregate productivity growth," European Economic Review, Elsevier, vol. 130(C).

  35. Christian Kascha & Karel Mertens, 2008. "Business cycle analysis and VARMA models," Working Paper 2008/05, Norges Bank.

    Cited by:

    1. Canova, Fabio & Ferroni, Filippo & Matthes, Christian, 2013. "Choosing the variables to estimate singular DSGE models," CEPR Discussion Papers 9381, C.E.P.R. Discussion Papers.
    2. Yao, Wenying & Kam, Timothy & Vahid, Farshid, 2017. "On weak identification in structural VARMA models," Economics Letters, Elsevier, vol. 156(C), pages 1-6.
    3. Christopher J. Gust & Robert J. Vigfusson, 2009. "The power of long-run structural VARs," International Finance Discussion Papers 978, Board of Governors of the Federal Reserve System (U.S.).
    4. Alfredo García-Hiernaux, 2009. "Forecasting linear dynamical systems using subspace methods," Documentos de Trabajo del ICAE 2009-02, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    5. Paccagnini, Alessia, 2017. "Dealing with Misspecification in DSGE Models: A Survey," MPRA Paper 82914, University Library of Munich, Germany.
    6. Paul Beaudry & Fabrice Collard & Patrick Feve & Alain Guay & Franck Portier, 2022. "Dynamic Identification in VARs," Working Papers 22-08, Chair in macroeconomics and forecasting, University of Quebec in Montreal's School of Management.
    7. Jean-Marie Dufour & Tarek Jouini, 2011. "Asymptotic Distributions for Some Quasi-Efficient Estimators in Echelon VARMA Models," CIRANO Working Papers 2011s-25, CIRANO.
    8. Mélard, Guy, 2022. "An indirect proof for the asymptotic properties of VARMA model estimators," Econometrics and Statistics, Elsevier, vol. 21(C), pages 96-111.
    9. Costantini, Mauro & Gunter, Ulrich & Kunst, Robert M., 2012. "Forecast Combination Based on Multiple Encompassing Tests in a Macroeconomic DSGE-VAR System," Economics Series 292, Institute for Advanced Studies.
    10. D.S. Poskitt & Wenying Yao, 2012. "VAR Modeling and Business Cycle Analysis: A Taxonomy of Errors," Monash Econometrics and Business Statistics Working Papers 11/12, Monash University, Department of Econometrics and Business Statistics.
    11. Christian Kascha & Carsten Trenkler, 2011. "Cointegrated VARMA models and forecasting US interest rates," ECON - Working Papers 033, Department of Economics - University of Zurich.
    12. Yao, Wenying & Kam, Timothy & Vahid, Farshid, 2014. "VAR(MA), what is it good for? more bad news for reduced-form estimation and inference," Working Papers 2014-14, University of Tasmania, Tasmanian School of Business and Economics.
    13. Amélie Charles & Olivier Darné & Fabien Tripier, 2015. "Are unit root tests useful in the debate over the (non)stationarity of hours worked?," Post-Print hal-01101618, HAL.
    14. Guy Melard, 2020. "An Indirect Proof for the Asymptotic Properties of VARMA Model Estimators," Working Papers ECARES 2020-10, ULB -- Universite Libre de Bruxelles.
    15. Mertens, Elmar, 2012. "Are spectral estimators useful for long-run restrictions in SVARs?," Journal of Economic Dynamics and Control, Elsevier, vol. 36(12), pages 1831-1844.
    16. Fanelli, Luca & Sorge, Marco M., 2017. "Indeterminate forecast accuracy under indeterminacy," Journal of Macroeconomics, Elsevier, vol. 53(C), pages 57-70.

  36. Ravn, Morten & Mertens, Karel, 2008. "The Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks: Theory and Empirical Evidence," CEPR Discussion Papers 6673, C.E.P.R. Discussion Papers.

    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. Karabarbounis, Loukas, 2010. "Labor wedges and open economy puzzles," MPRA Paper 31370, University Library of Munich, Germany.
    3. Carlo Favero & Francesco Giavazzi, 2009. "How large are the effects of tax changes?," NBER Working Papers 15303, National Bureau of Economic Research, Inc.
    4. Giavazzi, Francesco & Favero, Carlo A., 2010. "Reconciling VAR-based and Narrative Measures of the Tax-Multiplier," CEPR Discussion Papers 7769, C.E.P.R. Discussion Papers.
    5. Eric M. Leeper, 2009. "Anchoring fiscal expectations," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 72, pages 17-42, September.
    6. Roberto Perotti, 2014. "Defense Government Spending Is Contractionary, Civilian Government Spending Is Expansionary," NBER Working Papers 20179, National Bureau of Economic Research, Inc.
    7. Valerie A. Ramey, 2009. "Identifying Government Spending Shocks: It's All in the Timing," NBER Working Papers 15464, National Bureau of Economic Research, Inc.
    8. Degiannakis, Stavros & Duffy, David & Filis, George & Livada, Alexandra, 2014. "Business Cycle Synchronisation in EMU: Can Fiscal Policy Bring Member-Countries Closer?," MPRA Paper 67892, University Library of Munich, Germany.
    9. Todd B. Walker & Shu-Chun Susan Yang & Eric M. Leeper, 2008. "Fiscal Foresight: Analytical Issues," 2008 Meeting Papers 786, Society for Economic Dynamics.
    10. Brinca, Pedro, 2013. "Distortions in the Neoclassical Growth Model: A Cross-Country Analysis," Research Papers in Economics 2013:13, Stockholm University, Department of Economics.
    11. Robert Shimer, 2009. "Convergence in Macroeconomics: The Labor Wedge," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(1), pages 280-297, January.
    12. Alexander Kriwoluzky, 2009. "Matching Theory and Data: Bayesian Vector Autoregression and Dynamic Stochastic General Equilibrium Models," Economics Working Papers ECO2009/29, European University Institute.
    13. Alloza, Mario, 2016. "The impact of taxes on income mobility," LSE Research Online Documents on Economics 86178, London School of Economics and Political Science, LSE Library.
    14. Eric Leeper & Todd Walker, 2011. "Information Flows and News Driven Business Cycles," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(1), pages 55-71, January.
    15. Eric M. Leeper & Todd B. Walker & Shu-Chun Susan Yang, 2008. "Fiscal Foresight: Analytics and Econometrics," CAEPR Working Papers 2008-013, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    16. Karel Mertens & Morten Ravn, 2010. "Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks," NBER Working Papers 16289, National Bureau of Economic Research, Inc.
    17. Eric M. Leeper & Alexander W. Richter & Todd B. Walker, 2012. "Quantitative Effects of Fiscal Foresight," American Economic Journal: Economic Policy, American Economic Association, vol. 4(2), pages 115-144, May.
    18. Fujiwara, Ippei & Waki, Yuichiro, 2018. "Fiscal Forward Guidance:A Case for Selective Transparency," CEI Working Paper Series 2017-8, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    19. Hussain Syed M. & Liu Lin, 2018. "Comparing the effects of discretionary tax changes between the US and the UK," The B.E. Journal of Macroeconomics, De Gruyter, vol. 18(1), pages 1-17, January.
    20. Vivek Prasad, 2015. "Balanced Budget Tax Cuts in a Liquidity-Constrained Economy," Manchester School, University of Manchester, vol. 83, pages 87-119, September.

  37. Mertens, Karel, 2007. "The Role of Expectations in Sudden Stops," Working Papers 07-10, Cornell University, Center for Analytic Economics.

    Cited by:

    1. Hans-Werner Sinn & John Hassler & Gilles Saint-Paul & Giancarlo Corsetti & Michael P. Devereux & Tim Jenkinson & Jan-Egbert Sturm & Xavier Vives, 2009. "Chapter 2: The Financial Crisis," EEAG Report on the European Economy, CESifo, vol. 0, pages 59-122, February.
    2. Manuel Marfán & Juan Pablo Medina & Claudio Soto, 2008. "Overoptimism, Boom-Bust Cycles, And Monetary Policy In Small Open Economies," Working Papers Central Bank of Chile 510, Central Bank of Chile.

  38. Karel Mertens, 2006. "How the Removal of Deposit Rate Ceilings Has Changed Monetary Transmission in the US: Theory and Evidence," Economics Working Papers ECO2006/34, European University Institute.

    Cited by:

    1. Maral Kichian, 2012. "Financial Conditions and the Money-Output Relationship in Canada," Staff Working Papers 12-33, Bank of Canada.
    2. John V. Duca & Tao Wu, 2009. "Regulation and the Neo‐Wicksellian Approach to Monetary Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(4), pages 799-807, June.
    3. Guerron-Quintana, Pablo A., 2009. "Money demand heterogeneity and the great moderation," Journal of Monetary Economics, Elsevier, vol. 56(2), pages 255-266, March.
    4. Lenno UUSKÜLA, 2008. "Limited Participation or Sticky Prices? New Evidence from Firm Entry and Failures," EcoMod2008 23800147, EcoMod.

Articles

  1. Alexander Bick & Adam Blandin & Karel Mertens, 2023. "Work from Home before and after the COVID-19 Outbreak," American Economic Journal: Macroeconomics, American Economic Association, vol. 15(4), pages 1-39, October.
    See citations under working paper version above.
  2. Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi, 2022. "Measuring real activity using a weekly economic index," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(4), pages 667-687, June.
    See citations under working paper version above.
  3. Daniel J. Lewis & Karel Mertens & James H. Stock & Mihir Trivedi, 2021. "High-Frequency Data and a Weekly Economic Index during the Pandemic," AEA Papers and Proceedings, American Economic Association, vol. 111, pages 326-330, May.
    See citations under working paper version above.
  4. Karel Mertens & Morten O. Ravn, 2019. "The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply," American Economic Review, American Economic Association, vol. 109(7), pages 2679-2691, July.

    Cited by:

    1. Angelini, Giovanni & Fanelli, Luca, 2018. "Exogenous uncertainty and the identification of Structural Vector Autoregressions with external instruments," MPRA Paper 93864, University Library of Munich, Germany, revised May 2019.
    2. Loredana - Andreea CHITOIU, 2024. "Analysing the fiscal impact on general well-being in the CEE states," Romanian Journal of Economics, Institute of National Economy, vol. 59(2(68)), pages 240-257, December.
    3. Firmin Doko Tchatoka & Qazi Haque, 2024. "Revisiting the Macroeconomic Effects of Monetary Policy Shocks," The Economic Record, The Economic Society of Australia, vol. 100(329), pages 234-259, June.
    4. Henri Keränen & Sakari Lähdemäki, 2020. "Identification of fiscal SVARs in small open economies using trading partner forecast errors as instruments," Working Papers 330, Työn ja talouden tutkimus LABORE, The Labour Institute for Economic Research LABORE.
    5. Bundick, Brent & Herriford, Trenton & Smith, A. Lee, 2024. "The Term Structure of Monetary Policy Uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 160(C).
    6. Allan W. Gregory & James McNeil & Gregor W. Smith, 2024. "US fiscal policy shocks: Proxy‐SVAR overidentification via GMM," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 39(4), pages 607-619, June.
    7. Lütkepohl, Helmut & Schlaak, Thore, 2021. "Heteroskedastic Proxy Vector Autoregressions," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242399, Verein für Socialpolitik / German Economic Association.
    8. Lorenzo Mori & Gert Peersman, 2024. "Estimating the Macroeconomic Effects of Oil Supply News," CESifo Working Paper Series 11532, CESifo.
    9. Angelini, Giovanni & Cavaliere, Giuseppe & Fanelli, Luca, 2024. "An identification and testing strategy for proxy-SVARs with weak proxies," Journal of Econometrics, Elsevier, vol. 238(2).
    10. Giovanni Angelini & Giovanni Caggiano & Efrem Castelnuovo & Luca Fanelli, 2023. "Are Fiscal Multipliers Estimated with Proxy‐SVARs Robust?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(1), pages 95-122, February.
    11. Elias Hasler, 2025. "Assessing the Global Impact of EU Carbon Pricing: Economic and Climate Spillovers," Working Papers 2025-01, Faculty of Economics and Statistics, Universität Innsbruck.
    12. Argudo, Esteban, 2025. "The effects of monetary policy on immigrants’ unemployment and participation," Economics Letters, Elsevier, vol. 255(C).
    13. Alejandro Vicondoa & Andrea Gazzani, 2020. "Bridge Proxy-SVAR: Estimating the Macroeconomic Effects of Shocks Identified at High-Frequency," Documentos de Trabajo 533, Instituto de Economia. Pontificia Universidad Católica de Chile..
    14. Giovanni Pellegrino & Efrem Castelnuovo & Giovanni Caggiano, 2023. "Uncertainty And Monetary Policy During The Great Recession," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(2), pages 577-606, May.
    15. Jasmien De Winne & Gert Peersman, 2021. "The Adverse Consequences Of Global Harvest And Weather Disruptions On Economic Activity," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 21/1012, Ghent University, Faculty of Economics and Business Administration.
    16. Metiu, Norbert & Prieto, Esteban, 2025. "Time-varying stock return correlation, news shocks, and business cycles," European Economic Review, Elsevier, vol. 172(C).
    17. Hacıoğlu-Hoke, Sinem, 2024. "Macroeconomic effects of political risk shocks," Economics Letters, Elsevier, vol. 242(C).
    18. Xu Zhang, 2021. "A New Measure of Monetary Policy Shocks," Staff Working Papers 21-29, Bank of Canada.
    19. Rüth, Sebastian K., 2020. "Shifts in monetary policy and exchange rate dynamics: Is Dornbusch's overshooting hypothesis intact, after all?," Journal of International Economics, Elsevier, vol. 126(C).
    20. Eminidou, Snezana & Zachariadis, Marios, 2022. "Firms’ expectations and monetary policy shocks in the euro area," Journal of International Money and Finance, Elsevier, vol. 122(C).
    21. Giacomini, Raffaella & Kitagawa, Toru & Read, Matthew, 2022. "Robust Bayesian inference in proxy SVARs," Journal of Econometrics, Elsevier, vol. 228(1), pages 107-126.
    22. Cesa-Bianchi, Ambrogio & Thwaites, Gregory & Vicondoa, Alejandro, 2020. "Monetary policy transmission in the United Kingdom: A high frequency identification approach," European Economic Review, Elsevier, vol. 123(C).
    23. Shioji, Etsuro, 2021. "Pass-through of oil supply shocks to domestic gasoline prices: evidence from daily data," Energy Economics, Elsevier, vol. 98(C).
    24. Ben Ammar, Imen & Hellara, Slaheddine, 2021. "Intraday interactions between high-frequency trading and price efficiency," Finance Research Letters, Elsevier, vol. 41(C).

  5. Mertens, Karel, 2019. "State-level implications of federal tax policies: Comments," Journal of Monetary Economics, Elsevier, vol. 105(C), pages 91-93.

    Cited by:

    1. Masud Alam, 2021. "Heterogeneous Responses to the U.S. Narrative Tax Changes: Evidence from the U.S. States," Papers 2107.13678, arXiv.org.

  6. Karel Mertens & José Luis Montiel Olea, 2018. "Marginal Tax Rates and Income: New Time Series Evidence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(4), pages 1803-1884.
    See citations under working paper version above.
  7. Andrew J Fieldhouse & Karel Mertens & Morten O Ravn, 2018. "The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar U.S. Housing Credit Policy," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(3), pages 1503-1560.
    See citations under working paper version above.
  8. Mertens, Karel & Ravn, Morten O., 2014. "A reconciliation of SVAR and narrative estimates of tax multipliers," Journal of Monetary Economics, Elsevier, vol. 68(S), pages 1-19.
    See citations under working paper version above.
  9. Karel R. S. M. Mertens & Morten O. Ravn, 2014. "Fiscal Policy in an Expectations-Driven Liquidity Trap," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(4), pages 1637-1667.
    See citations under working paper version above.
  10. Karel Mertens & Morten O. Ravn, 2013. "The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States," American Economic Review, American Economic Association, vol. 103(4), pages 1212-1247, June.
    See citations under working paper version above.
  11. Karel Mertens & Morten O. Ravn, 2012. "Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks," American Economic Journal: Economic Policy, American Economic Association, vol. 4(2), pages 145-181, May.
    See citations under working paper version above.
  12. Karel Mertens & Morten Overgaard Ravn, 2011. "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 14(1), pages 27-54, January.
    See citations under working paper version above.
  13. Karel Mertens & Morten O. Ravn, 2011. "Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 7(1), pages 41-76.
    See citations under working paper version above.
  14. Karel Mertens & Morten O. Ravn, 2011. "Leverage and the Financial Accelerator in a Liquidity Trap," American Economic Review, American Economic Association, vol. 101(3), pages 413-416, May.

    Cited by:

    1. Salvatore Perdichizzi, 2017. "Estimating Fiscal multipliers in the Eurozone. A Nonlinear Panel Data Approach," DISCE - Working Papers del Dipartimento di Economia e Finanza def058, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    2. Schnell, Fabian, 2013. "Can Monetary Policy Delay the Reallocation of Capital?," Economics Working Paper Series 1329, University of St. Gallen, School of Economics and Political Science.
    3. Andrea Boitani & Salvatore Perdichizzi, 2018. "Public Expenditure Multipliers in recessions. Evidence from the Eurozone," DISCE - Working Papers del Dipartimento di Economia e Finanza def068, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    4. J. A. Carrillo & C. Poilly, 2012. "How do financial frictions affect the spending multiplier during a liquidity trap?," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 12/779, Ghent University, Faculty of Economics and Business Administration.
    5. Carbajal-De-Nova, Carolina & Venegas-Martínez, Francisco, 2019. "On the paradigm shift of asset pricing models, before and after the global financial crisis: a literature review," Panorama Económico, Escuela Superior de Economía, Instituto Politécnico Nacional, vol. 15(29), pages 7-38, Primer se.
    6. Smets, Frank & Villa, Stefania, 2016. "Slow recoveries: Any role for corporate leverage?," Journal of Economic Dynamics and Control, Elsevier, vol. 70(C), pages 54-85.
    7. Sébastien Duchêne & Eric Guerci & Nobuyuki Hanaki & Charles N. Noussair, 2018. "The effect of short selling and borrowing on market prices and traders’ behavior," Working Papers hal-01954924, HAL.
    8. Karel Mertens & Morten Ravn, 2011. "The Research Agenda: Karel Mertens and Morten Ravn on Fiscal Policy, Anticipation Effects, Expectations and Crisis," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 12(2), April.
    9. Morten Ravn & Karel Mertens, 2011. "Credit Channels in a Liquidity Trap," 2011 Meeting Papers 1452, Society for Economic Dynamics.
    10. Jose Luis Nicolini Llosa, 2015. "Renta financiera y solvencia mundial," Ensayos de Economía 14143, Universidad Nacional de Colombia Sede Medellín.
    11. Julio A Carrillo & Céline Poilly, 2013. "How do financial frictions a¤ect the spending multiplier during a liquidity trap?," Post-Print hal-05468935, HAL.
    12. Karel R. S. M. Mertens & Morten O. Ravn, 2014. "Fiscal Policy in an Expectations-Driven Liquidity Trap," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(4), pages 1637-1667.

  15. Karel Mertens & MortenO. Ravn, 2010. "Measuring the Impact of Fiscal Policy in the Face of Anticipation: A Structural VAR Approach," Economic Journal, Royal Economic Society, vol. 120(544), pages 393-413, May.
    See citations under working paper version above.
  16. Kascha, Christian & Mertens, Karel, 2009. "Business cycle analysis and VARMA models," Journal of Economic Dynamics and Control, Elsevier, vol. 33(2), pages 267-282, February.
    See citations under working paper version above.
  17. Mertens, Karel, 2008. "Deposit rate ceilings and monetary transmission in the US," Journal of Monetary Economics, Elsevier, vol. 55(7), pages 1290-1302, October.

    Cited by:

    1. Lenno Uuskula, 2008. "Limited participation or sticky prices? New evidence from firm entry and failures," Bank of Estonia Working Papers 2008-07, Bank of Estonia, revised 02 Dec 2008.
    2. Roland Meeks, 2009. "Credit market shocks: evidence from corporate spreads and defaults," Working Papers 0906, Federal Reserve Bank of Dallas.
    3. Jingya Li & Ming-Hua Liu, 2019. "Interest rate liberalization and pass-through of monetary policy rate to bank lending rates in China," Frontiers of Business Research in China, Springer, vol. 13(1), pages 1-19, December.
    4. Tomasz Wieladek, 2016. "The varying coefficient Bayesian panel VAR model," Bank of England working papers 578, Bank of England.
    5. Coussin, Maximilien, 2025. "The multifaceted effect of monetary policy on U.S. credit aggregates," Journal of Macroeconomics, Elsevier, vol. 84(C).
    6. Boris Hofmann & Gert Peersman, 2017. "Monetary policy transmission and trade-offs in the United States: Old and new," BIS Working Papers 649, Bank for International Settlements.
    7. Tomas Havranek & Marek Rusnak, 2012. "Transmission Lags of Monetary Policy: A Meta-Analysis," Working Papers IES 2012/27, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2012.
    8. Christoffer Koch, 2014. "Deposit interest rate ceilings as credit supply shifters: bank level evidence on the effects of Regulation Q," Working Papers 1406, Federal Reserve Bank of Dallas.
    9. Ida Hjortsoe & Martin Weale & Tomasz Wieladek, 2016. "Monetary policy and the current account; theory and evidence," Discussion Papers 45, Monetary Policy Committee Unit, Bank of England.
    10. Eickmeier, Sandra & Hofmann, Boris, 2010. "Monetary policy, housing booms and financial (im)balances," Discussion Paper Series 1: Economic Studies 2010,07, Deutsche Bundesbank.
    11. Meeks, Roland, 2012. "Do credit market shocks drive output fluctuations? Evidence from corporate spreads and defaults," Journal of Economic Dynamics and Control, Elsevier, vol. 36(4), pages 568-584.
    12. Apergis, Nicholas & Polemis, Michael, 2018. "Electricity supply shocks and economic growth across the US states: evidence from a time-varying Bayesian panel VAR model, aggregate and disaggregate energy sources," MPRA Paper 84954, University Library of Munich, Germany.
    13. Morell, Joseph, 2018. "The decline in the predictive power of the US term spread: A structural interpretation," Journal of Macroeconomics, Elsevier, vol. 55(C), pages 314-331.
    14. Giacomo Rella, 2021. "The Fed, housing and household debt over time," Department of Economics University of Siena 850, Department of Economics, University of Siena.
    15. Herlianto, Anung EC & Sofilda, Elenora & Hamzah, Muhammad & Ginting, Ari Mulianta, 2020. "The Effect of Market Intervention Policy through Capping Rate on Credit Growth," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 54(3), pages 15-25.
    16. Paulo Esteves & Maximiano Pinheiro, 2020. "Deposit interest rate ceilings," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    17. Josef Bajzik & Jan Janku & Simona Malovana & Klara Moravcova & Ngoc Anh Ngo, 2023. "Monetary Policy Has a Long-Lasting Impact on Credit: Evidence from 91 VAR Studies," Working Papers 2023/19, Czech National Bank, Research and Statistics Department.
    18. Robert L. Hetzel, 2009. "Should increased regulation of bank risk-taking come from regulators or from the market?," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 95(Spr), pages 161-200.
    19. 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.
    20. Bank for International Settlements, 2024. "Literature review on financial technology and competition for banking services," BCBS Working Papers 43, Bank for International Settlements.
    21. Mr. Etibar Jafarov & Mr. Rodolfo Maino & Mr. Marco Pani, 2019. "Financial Repression is Knocking at the Door, Again," IMF Working Papers 2019/211, International Monetary Fund.

Software components

  1. Karel Mertens & Morten Overgaard Ravn, 2010. "Code and data files for "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks"," Computer Codes 09-221, Review of Economic Dynamics.
    See citations under working paper version above.Sorry, no citations of software components recorded.

Chapters

  1. Andrew J. Fieldhouse & Karel Mertens, 2025. "The Social Returns to Public R&D," NBER Chapters, in: Entrepreneurship and Innovation Policy and the Economy, volume 5, pages 9-39, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Karel Mertens & Morten O. Ravn, 2010. "Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks," NBER Chapters, in: NBER International Seminar on Macroeconomics 2010, pages 41-76, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  3. Karel Mertens & Morten O. Ravn, 2010. "Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks," NBER Chapters, in: Fiscal Policy (Trans-Atlantic Public Economics Seminar, TAPES), pages 145-181, National Bureau of Economic Research, Inc.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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