Research classified by Journal of Economic Literature (JEL) codes

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Top JEL
/ E: Macroeconomics and Monetary Economics
/ / E6: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
/ / / E62: Fiscal Policy; Modern Monetary Theory

2023

• Barun Deb Pal & Sanjib Pohit & Meenakshi Rajeev, 2023, "How Far Can Macro-Economic Policies Help Revive India during the Pandemic? A Computable General EquilibriumAnalysis," NCAER Working Papers, National Council of Applied Economic Research, number 147, Apr.
• Gilberto Tadeu Lima & Mark Setterfield & Jaylson Jair da Silveira, 2023, "Achieving two policy targets with one policy instrument: heterogeneous expectations, countercyclical fiscal policy, and macroeconomic stabilization at the effective lower bound," Working Papers, New School for Social Research, Department of Economics, number 2301, Jan.
• Mukherjee, Sacchidananda, 2023, "Revenue Implications of GST on Indian State Finances," Working Papers, National Institute of Public Finance and Policy, number 23/388, Jan.
• Mukherjee, Sacchidananda, 2023, "Revenue Performance Assessment of Indian GST," Working Papers, National Institute of Public Finance and Policy, number 23/392, Apr.
• Ekaterina Aleynikova & Max Mosley, 2023, "The Economic and Social Impacts of Lifting Work Restrictions on People Seeking Asylum," National Institute of Economic and Social Research (NIESR) Discussion Papers, National Institute of Economic and Social Research, number 549, Jun.
• Ignacio Campomanes, 2023, "Inequality and Growth: How Social Mobility Reshapes The Main Theoretical Channels," NCID Working Papers, Navarra Center for International Development, University of Navarra, number 02/2022, Nov.
• Isiaka Akande Raifu & Joshua Adeyemi Afolabi, 2023, "Military Expenditure and Unemployment in South Africa: Evidence from Linear and Nonlinear ARDL with and without Structural Break," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 321-343, June.
• Elena N. Gorbunova, 2023, "Improving Russia’s Tax Policy in the Oil Production Taxation Field amid the World Economic Development," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 521-532, September.
• Melissa van Rensburg, 2023, "Long-run trends in New Zealand’s real neutral interest rate," Treasury Analytical Notes Series, New Zealand Treasury, number an23/05, Aug.
• Tibor Hanappi & Valentine Millot & Sébastien Turban, 2023, "How does corporate taxation affect business investment?: Evidence from aggregate and firm-level data," OECD Economics Department Working Papers, OECD Publishing, number 1765, Jul, DOI: 10.1787/04e682d7-en.
• Cerna Silviu, 2023, "The Impact of Inflation upon Banks," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 03, September.
• Jakob de Haan & Bram Gootjes, 2023, "What Makes Discretionary Counter-Cyclical Fiscal Policy so Difficult? An Analysis of 32 OECD Countries," CESifo Economic Studies, CESifo Group, volume 69, issue 1, pages 1-20.
• Ching-Yi Lu & Ming-Jen Chang, 2023, "Evaluating Fiscal Policy Under Cyclical Balance in Developed Countries," CESifo Economic Studies, CESifo Group, volume 69, issue 2, pages 106-124.
• Alberto Mendoza & Sergio Hinostroza, 2023, "The Impact of Political Fragmentation on the Municipal Spending in Peru," CESifo Economic Studies, CESifo Group, volume 69, issue 3, pages 125-157.
• Antoine Camous & Dmitry Matveev, 2023, "The Central Bank Strikes Back! Credibility of Monetary Policy under Fiscal Influence," The Economic Journal, Royal Economic Society, volume 133, issue 649, pages 1-29.
• Sandra García-Uribe, 2023, "The Effects of Tax Changes on Economic Activity: A Narrative Approach to Frequent Anticipations," The Economic Journal, Royal Economic Society, volume 133, issue 650, pages 706-727.
• Christian Bayer & Benjamin Born & Ralph Luetticke & Gernot J Müller, 2023, "The Coronavirus Stimulus Package: How Large is the Transfer Multiplier," The Economic Journal, Royal Economic Society, volume 133, issue 652, pages 1318-1347.
• Michael B Devereux & Karine Gente & Changhua Yu, 2023, "Production Networks And International Fiscal Spillovers," The Economic Journal, Royal Economic Society, volume 133, issue 653, pages 1871-1900.
• Christine Olivia, 2023, "Tying One’s Hand: The Effect of Fiscal Rules on the Political Business Cycle in Africa," Journal of African Economies, Centre for the Study of African Economies, volume 32, issue 4, pages 438-467.
• Miguel Niño-Zarazúa & Francesca Scaturro & Vanesa Jordá & Finn Tarp, 2023, "Income Inequality and Redistribution in Sub-Saharan Africa," Journal of African Economies, Centre for the Study of African Economies, volume 32, issue Supplemen, pages 296-319.
• Ricardo Duque Gabriel & Mathias Klein & Ana Sofia Pessoa, 2023, "The Effects of Government Spending in the Eurozone," Journal of the European Economic Association, European Economic Association, volume 21, issue 4, pages 1397-1427.
• Juergen Jung & Chung Tran, 2023, "Health Risk, Insurance, and Optimal Progressive Income Taxation," Journal of the European Economic Association, European Economic Association, volume 21, issue 5, pages 2043-2097.
• Luisa Corrado & Edgar Silgado-Gómez, 2023, "Assessing the effects of fiscal policy news under imperfect information," Oxford Economic Papers, Oxford University Press, volume 75, issue 2, pages 574-587.
• Katherine Baer & Ruud De Mooij & Shafik Hebous & Michael Keen, 2023, "Taxing cryptocurrencies," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, volume 39, issue 3, pages 478-497.
• Fatih Guvenen & Gueorgui Kambourov & Burhan Kuruscu & Sergio Ocampo & Daphne Chen, 2023, "Use It or Lose It: Efficiency and Redistributional Effects of Wealth Taxation," The Quarterly Journal of Economics, President and Fellows of Harvard College, volume 138, issue 2, pages 835-894.
• Francesco Bianchi & Renato Faccini & Leonardo Melosi, 2023, "A Fiscal Theory of Persistent Inflation," The Quarterly Journal of Economics, President and Fellows of Harvard College, volume 138, issue 4, pages 2127-2179.
• Laurence Ball & N Gregory Mankiw, 2023, "Market Power in Neoclassical Growth Models," The Review of Economic Studies, Review of Economic Studies Ltd, volume 90, issue 2, pages 572-596.
• Rohan Kekre, 2023, "Unemployment Insurance in Macroeconomic Stabilization," The Review of Economic Studies, Review of Economic Studies Ltd, volume 90, issue 5, pages 2439-2480.
• Bill Dupor & Marios Karabarbounis & Marianna Kudlyak & M Saif Mehkari, 2023, "Regional Consumption Responses and the Aggregate Fiscal Multiplier," The Review of Economic Studies, Review of Economic Studies Ltd, volume 90, issue 6, pages 2982-3021.
• Bernard Dumas & Marcel Savioz, 2023, "A Theory of the Nominal Character of Stock Securities," Review of Finance, European Finance Association, volume 27, issue 5, pages 1615-1657.
• Adina Trandafir, 2023, "Political Budget Cycles. Evidence from Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, volume 0, issue 1, pages 1123-1130, August.
• Anthony J. Venables & Patricia G.Rice, 2023, "Tradability, Productivity, and Regional Disparities: theory and UK evidence," Economics Series Working Papers, University of Oxford, Department of Economics, number 996, Jan.
• Sergio Lagunas Puls & Beatriz de la Trinidad Rocha Martínez, 2023, "Resultados de la recaudación del impuesto a las nóminas en el caribe mexicano: gestión presidencial 2018 - 2019
  [Integer Programming Model for the Timetabling Problem in University Courses]," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, volume 36, issue 1, pages 1-17, December, DOI: https://doi.org/10.46661/revmetodos.
• Abdramane Camara, 2023, "The Effect of Foreign Direct Investment on Tax Revenue," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, volume 65, issue 1, pages 168-190, March, DOI: 10.1057/s41294-022-00195-2.
• Endrit Lami, 2023, "Political Budget Cycles in the Context of a Transition Economy: The Case of Albania," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, volume 65, issue 2, pages 221-262, June, DOI: 10.1057/s41294-022-00191-6.
• Vladan Ivanovic & Endrit Lami & Drini Imami, 2023, "Political Budget Cycles in Early Versus Regular Elections: The Case of Serbia," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, volume 65, issue 3, pages 551-581, September, DOI: 10.1057/s41294-023-00210-0.
• Alexander Meléndez Holguín & Gabriel Rodríguez, 2023, "Evolution over time of the effects of fiscal shocks in the peruvian economy: empirical application using TVP-VAR-SV models," Documentos de Trabajo / Working Papers, Departamento de Economía - Pontificia Universidad Católica del Perú, number 2023-516, DOI: 10.18800/2079-8474.0516.
• Baksay, Gergely & Kiss, Gábor P., 2023, "Fiscal Sustainability in Focus," Public Finance Quarterly, Corvinus University of Budapest, volume 69, issue 1, pages 91-107, DOI: https://doi.org/10.35551/PFQ_2023_1.
• Kovács, Árpád, 2023, "Rule-based budgeting and the financial stability – the European solution," Public Finance Quarterly, Corvinus University of Budapest, volume 69, issue 3, pages 7-30, DOI: https://doi.org/10.35551/PFQ_2023_3.
• Mahmood Khalid & Naseem Faraz & Aisha Irum, 2023, "Fiscally Sustainable Pensions in Pakistan," PIDE-Working Papers, Pakistan Institute of Development Economics, number 2023:9.
• Ryan Woodgate & Eckhard Hein & Ricardo Summa, 2023, "Components of autonomous demand growth and financial feedbacks: Implications for growth drivers and growth regime analysis," Working Papers, Post Keynesian Economics Society (PKES), number PKWP2307, May.
• Alkis Blanz & Ulrich Eydam & Maik Heinemann & Matthias Kalkuhl & Nikolaj Moretti, 2023, "Fiscal Policy and Energy Price Shocks," CEPA Discussion Papers, Center for Economic Policy Analysis, number 70, Nov, DOI: 10.25932/publishup-61276.
• Uchida, Yuki & Ono, Tetsuo, 2023, "Generational Distribution of Fiscal Burdens: A Positive Analysis," MPRA Paper, University Library of Munich, Germany, number 113607, Apr.
• Saccal, Alessandro, 2023, "A scientific note on the Italian Mini BOTs and the proposal of the CCCFs," MPRA Paper, University Library of Munich, Germany, number 115857, Jan.
• Hiermeyer, Martin, 2023, "A Visual Model of Fiscal Policy," MPRA Paper, University Library of Munich, Germany, number 116131, Jan.
• Ribeiro, Gustavo & Teles, Vladmir & Costa-Filho, João, 2023, "The Spending Cap and Monetary Policy Effectiveness," MPRA Paper, University Library of Munich, Germany, number 116148, Jan.
• IIBOSHI, Hirokuni & IWATA, Yasuharu, 2023, "The Nexus between Public Debt and the Government Spending Multiplier: Fiscal Adjustments Matter," MPRA Paper, University Library of Munich, Germany, number 116310, Feb.
• IIBOSHI, Hirokuni & IWATA, Yasuharu, 2023, "The Nexus between Public Debt and the Government Spending Multiplier: Fiscal Adjustments Matter," MPRA Paper, University Library of Munich, Germany, number 116347, Feb.
• IWATA, Yasuharu & IIBOSHI, Hirokuni, 2023, "The Nexus between Public Debt and the Government Spending Multiplier: Fiscal Adjustments Matter," MPRA Paper, University Library of Munich, Germany, number 116355, Feb.
• Cham, Yaya, 2023, "Inflation and Public Debt Reversals in the West African Monetary Zone (WAMZ) Economies," MPRA Paper, University Library of Munich, Germany, number 117027, Apr.
• Kazi Abdul, Mannan & Khandaker Mursheda, Farhana, 2023, "The new fiscal sociology: a study of universal self-Assessment taxpayers in Bangladesh," MPRA Paper, University Library of Munich, Germany, number 117151, revised 2023.
• Georgescu, George, 2023, "The strange case of Romania’s Nicolae Ceaușescu: when the liquidation of sovereign debt results in country total damaging," MPRA Paper, University Library of Munich, Germany, number 117196, Apr.
• Medina, Juan Pablo & Toni, Emiliano & Valdes, Rodrigo, 2023, "The Art and Science of Monetary and Fiscal Policies in Chile," MPRA Paper, University Library of Munich, Germany, number 117198, Apr, revised 28 Apr 2023.
• Yeboah, Samuel, 2023, "Unmasking the Storm: An In-Depth Analysis of Covid-19's Economic Ripple Effect on Ghana," MPRA Paper, University Library of Munich, Germany, number 117563, Feb, revised 18 Apr 2023.
• Keen, Benjamin & Strong, Christine, 2023, "Optimal fiscal and monetary policy in a model with government corruption," MPRA Paper, University Library of Munich, Germany, number 117857, Jun.
• Takumah, Wisdom, 2023, "Fiscal Policy and Asset Prices in a Dynamic Factor Model with Cointegrated Factors," MPRA Paper, University Library of Munich, Germany, number 117897, Jun, revised 10 Jul 2023.
• López-Herrera, Carmen & Cordero, José M. & Pedraja-Chaparro, Francisco & Polo, Cristina, 2023, "Fiscal rules and their influence on public sector efficiency," MPRA Paper, University Library of Munich, Germany, number 119018, Oct.
• Andrei, Liviu.C. & Andrei, Dalina, 2023, "The Fiscal Dimension of the Economic Integration," MPRA Paper, University Library of Munich, Germany, number 119543, Jul, revised 06 Aug 2023.
• de Haan, Jakob & Ohnsorge, Franziska & Yu, Shu, 2023, "Election-induced fiscal policy cycles in emerging market and developing economies," MPRA Paper, University Library of Munich, Germany, number 119551, Dec.
• Uchida, Yuki & Ono, Tetsuo, 2023, "Borrowing to Finance Public Investment: A Politico-Economic Analysis of Fiscal Rules," MPRA Paper, University Library of Munich, Germany, number 119724, Dec.
• Doojav, Gan-Ochir & Baatarkhuu, Munkhbayar, 2023, "Public debt and growth in Asian developing economies: evidence of non-linearity and geographical heterogeneity," MPRA Paper, University Library of Munich, Germany, number 120050.
• Mogaji, Peter Kehinde, 2023, "Monetary-Fiscal Policy Interactions in Africa: Fiscal Dominance or Monetary Dominance?," MPRA Paper, University Library of Munich, Germany, number 120223, Jan.
• Cansin Kemal Can, 2023, "Estimating Bohn's Fiscal Sustainability Model with Temporal Variation: Evidence from Turkey," Prague Economic Papers, Prague University of Economics and Business, volume 2023, issue 1, pages 61-83, DOI: 10.18267/j.pep.822.
• Taner Turan & Pelin Varol Iyidogan, 2023, "Non-linear Impacts of Public Debt on Growth, Investment and Credit: A Dynamic Panel Threshold Approach," Prague Economic Papers, Prague University of Economics and Business, volume 2023, issue 2, pages 107-128, DOI: 10.18267/j.pep.825.
• Servaas Storm, 2023, "Profit inflation is real," PSL Quarterly Review, Economia civile, volume 76, issue 306, pages 243-259.
• Phitawat Poonpolkul, 2023, "Age-Dependent Risk Aversion: Re-evaluating Fiscal Policy Impacts of Population Aging," PIER Discussion Papers, Puey Ungphakorn Institute for Economic Research, number 198, Feb.
• Miguel H. Ferreira & Timo Haber & Christian Rörig, 2023, "Financial Constraints and Firm Size: Micro-Evidence and Aggregate Implications," Working Papers, Queen Mary University of London, School of Economics and Finance, number 948, Jun.
• Been-Lo Chen & Fei-Chi Liang, 2023, "Online Appendix to "Optimal Taxation in the Life Cycle with Human Capital Investment"," Online Appendices, Review of Economic Dynamics, number 22-128.
• Been-Lo Chen & Fei-Chi Liang, 2023, "Code and data files for "Optimal Taxation in the Life Cycle with Human Capital Investment"," Computer Codes, Review of Economic Dynamics, number 22-128, revised .
• Gary Hansen & Selahattin Imrohoroglu, 2023, "Code and data files for "Demographic Change, Government Debt and Fiscal Sustainability in Japan: The Impact of Bond Purchase by the Bank of Japan"," Computer Codes, Review of Economic Dynamics, number 23-161, revised .
• Ellen McGrattan, 2023, "Code and data files for "Taxes, Regulations, and the Value of U.S. Corporations: A Reassessment"," Computer Codes, Review of Economic Dynamics, number 23-164, revised .
• Giovanni Callegari & Ramon Marimon & Adrien Wicht & Luca Zavalloni, 2023, "Code and data files for "On a Lender of Last Resort with a Central Bank and a Stability Fund"," Computer Codes, Review of Economic Dynamics, number 23-166, revised .
• Feng Dong & Yang Jiao & Haoning Sun, 2023, "Code and data files for "Bubbly Booms and Welfare"," Computer Codes, Review of Economic Dynamics, number 23-66, revised .
• Begg, Iain & Kuusi, Tero & Kylliäinen, Olavi, 2023, "Five Countries, Five Models – A Comparison of Fiscal Frameworks and Lessons for Finland," ETLA Working Papers, The Research Institute of the Finnish Economy, number 102, Apr.
• Puonti, Päivi, 2023, "Effective Fiscal Policy in an Aging Economy: Evidence from a BVAR Analysis," ETLA Working Papers, The Research Institute of the Finnish Economy, number 110, Dec.
• Marina Azzimonti & Nirvana Mitra, 2023, "Sovereign Default And Tax-Smoothing In The Shadow Of Corruption And Institutional Weakness," Working Papers, Centre for Advanced Financial Research and Learning (CAFRAL), number 022275, Nov.
• Hermann Ndoya & Pousseni Bakouan, 2023, "Does Tax Revenue Improve Economic Complexity in Africa?," Journal of Economic Integration, Center for Economic Integration, Sejong University, volume 38, issue 2, pages 278-301.
• Van Hieu Nguyen & Thai Hong Le, 2023, "An Alternative Approach to Assess the Impacts of Countercyclical Fiscal Policy in Developing Countries," Journal of Economic Integration, Center for Economic Integration, Sejong University, volume 38, issue 3, pages 439-465.
• Hyeongwoo Kim & Deockhyun Ryu & Jisoo Son, 2023, "Fiscal Policy Effects on U.S. Labor Market," Journal of Economic Development, The Economic Research Institute, Chung-Ang University, volume 48, issue 1, pages 85-110.
• Jaimes, Richard, 2023, "Does idiosyncratic risk matter for climate policy?," Environment and Development Economics, Cambridge University Press, volume 28, issue 4, pages 353-367, August.
• Albers, Thilo N.H. & Jerven, Morten & Suesse, Marvin, 2023, "The Fiscal State in Africa: Evidence from a Century of Growth," International Organization, Cambridge University Press, volume 77, issue 1, pages 65-101, January.
• Diniz, André & Guimaraes, Bernardo, 2023, "How diabolic is the sovereign-bank loop? The effects of post-default fiscal policies," Macroeconomic Dynamics, Cambridge University Press, volume 27, issue 3, pages 601-634, April.
• Chen, Ping-Ho & Chu, Angus C. & Chu, Hsun & Lai, Ching-Chong, 2023, "Optimal capital taxation in an economy with innovation-driven growth," Macroeconomic Dynamics, Cambridge University Press, volume 27, issue 3, pages 635-668, April.
• Chien, YiLi & Wen, Yi, 2023, "Optimal fiscal policy under capital overaccumulation," Macroeconomic Dynamics, Cambridge University Press, volume 27, issue 6, pages 1706-1736, September.
• Bagchi, Shantanu & Jung, Juergen, 2023, "Health risk and the welfare effects of Social Security," Macroeconomic Dynamics, Cambridge University Press, volume 27, issue 7, pages 1767-1806, October.
• Richard J. Cebula & Franklin G. Mixon Jr. & Jiayi Xu, 2023, "Do Government Budget Deficits Raise Bond Yields? Evidence from Canada," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot GmbH, Berlin, volume 69, issue 1, pages 1-10, DOI: 10.3790/aeq.69.1.1.
• Florian Frühhaber, 2023, "Fiscalflation in Germany? Applying the FTPL to Post-Pandemic Inflation," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot GmbH, Berlin, volume 69, issue 2, pages 81-101, DOI: 10.3790/aeq.69.2.81.
• Cordelia Omodero, 2023, "Information Communication Technology Taxation And Tax Earnings In A Low-Income Economy," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 41-54.
• Корделия Омодеро, 2023, "Данъчно Облагане На Информационните И Комуникационните Технологии И Данъчните Приходи В Слабо Развита Икономика," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 46-61.
• Quentin Parrinello & Kane Borders, 2023, "Who Will Pay the National Contribution on Operating Surplus?," Notes, EU Tax Observatory, number 007, Jul.
• Katarzyna Bilicka & Evgeniya Dubinina & Petr Janský, 2023, "Fiscal Consequences of Corporate Tax Avoidance," Working Papers, EU Tax Observatory, number 018, Jun.
• Miguel Ferreira & Timo Haber & Christian Rorig, 2023, "Financial Constraints and Firm Size: Micro-Evidence and Aggregate Implications," Working Papers, DNB, number 777, May.
• Andrea Colciago & Vivien Lewis & Branka Matyska, 2023, "Corporate taxes, productivity, and business dynamism," Working Papers, DNB, number 780, Jun.
• Jocelyne Zoumenou, 2023, "On the impact of fiscal policy on inflation: The case of fiscal rules," EconomiX Working Papers, University of Paris Nanterre, EconomiX, number 2023-21.
• Bańkowski, Krzysztof & Bouabdallah, Othman & Checherita-Westphal, Cristina & Freier, Maximilian & Jacquinot, Pascal & Muggenthaler-Gerathewohl, Philip, 2023, "Fiscal policy and high inflation," Economic Bulletin Articles, European Central Bank, volume 2.
• De Santis, Roberto A. & Stoevsky, Grigor, 2023, "The role of supply and demand in the post-pandemic recovery in the euro area," Economic Bulletin Articles, European Central Bank, volume 4.
• Brand, Claus & Coenen, Günter & Hutchinson, John & Saint Guilhem, Arthur, 2023, "The macroeconomic implications of the transition to a low-carbon economy," Economic Bulletin Articles, European Central Bank, volume 5.
• Checherita-Westphal, Cristina & Dorrucci, Ettore, 2023, "Update on euro area fiscal policy responses to the energy crisis and high inflation," Economic Bulletin Boxes, European Central Bank, volume 2.
• Rodríguez-Vives, Marta & Olsson, Hans, 2023, "Government expenditure in the euro area during the pandemic crisis – insights from the Classification of the Functions of Government data," Economic Bulletin Boxes, European Central Bank, volume 3.
• Checherita-Westphal, Cristina & Vlad, Aurelian, 2023, "Inflation and the response of public wages in the euro area," Economic Bulletin Boxes, European Central Bank, volume 5.
• Bischl, Johannes Simeon & Haroutunian, Stephan & Hauptmeier, Sebastian & Osterloh, Steffen, 2023, "Fiscal policy implications of euro area countries’ 2023 draft budgetary plans," Economic Bulletin Boxes, European Central Bank, volume 8.
• Hack, Lukas & Istrefi, Klodiana & Meier, Matthias, 2023, "Hawkish or dovish central bankers: do different flocks matter for fiscal shocks?," Research Bulletin, European Central Bank, volume 114.
• Checherita-Westphal, Cristina & Leiner-Killinger, Nadine & Schildmann, Teresa, 2023, "Euro Area inflation differentials: the role of fiscal policies revisited," Working Paper Series, European Central Bank, number 2774, Feb.
• Coenen, Günter & Lozej, Matija & Priftis, Romanos, 2023, "Macroeconomic effects of carbon transition policies: an assessment based on the ECB’s New Area-Wide Model with a disaggregated energy sector," Working Paper Series, European Central Bank, number 2819, May.
• Hack, Lukas & Istrefi, Klodiana & Meier, Matthias, 2023, "Identification of systematic monetary policy," Working Paper Series, European Central Bank, number 2851, Oct.
• Martín Fuentes, Natalia & Born, Alexandra & Bremus, Franziska & Kastelein, Wieger & Lambert, Claudia, 2023, "A deep dive into the capital channel of risk sharing in the euro area," Working Paper Series, European Central Bank, number 2864, Nov.
• Bouabdallah, Othman & Jacquinot, Pascal & Patella, Valeria, 2023, "Monetary/fiscal policy regimes in post-war Europe," Working Paper Series, European Central Bank, number 2871, Nov.
• Briodeau, Clémence & Checherita-Westphal, Cristina, 2023, "Inflation and fiscal policy: is there a threshold effect in the fiscal reaction function?," Working Paper Series, European Central Bank, number 2880, Dec.
• Atoko Kasongo, 2023, "The Determinants of Fiscal Deficit in South Africa: A Bayesian Vector Autoregressive Approach," International Journal of Economics and Financial Issues, Econjournals, volume 13, issue 4, pages 30-36, July.
• Rehana Firdous & Sarvjeet Kaur Chatrath & Atif Khan Jadoon & Munawar Iqbal & Syeda Azra Batool & Zameer Ul Hasan, 2023, "Exploring Dynamic Nexus between Economic Growth, Environmental Degradation, and Public Health in Pakistan: A Moderated Mediation Approach," International Journal of Energy Economics and Policy, Econjournals, volume 13, issue 1, pages 241-249, January.
• Sugra Humbatova & Gunay. M. Panahova & Ilhama Mahammadnabi Mahmudova & Natig Gadim-Oglu Hajiyev, 2023, "The Impact of Azerbaijan s Oil Strategy on Economic Growth: Analysis and Diagnosis," International Journal of Energy Economics and Policy, Econjournals, volume 13, issue 2, pages 181-193, March.
• Engy Raouf, 2023, "Green Hydrogen Production and Public Health Expenditure in Hydrogen-Exporting Countries," International Journal of Energy Economics and Policy, Econjournals, volume 13, issue 6, pages 36-44, November.
• Akhmad Akhmad & Ambo Asse & Nursalam Nursalam & Ibrahim Ibrahim & Bunyamin Bunyamin & Ansaar Ansaar & Sahajuddin Sahajuddin, 2023, "The Impact of the Increase of Oil Fuel Price and Government Subsidy on Indonesia’s Economic Performance," International Journal of Energy Economics and Policy, Econjournals, volume 13, issue 6, pages 547-557, November.
• Emilio Congregado & Silviano Carmen Díaz-Roldán & Vicente Esteve, 2023, "Deficit sustainability and the Fiscal Theory of the Price Level: the case of Italy, 1861-2020," Working Papers, Department of Applied Economics II, Universidad de Valencia, number 2301, Jan.
• Rizvi, Syed Aun R. & Pathirage, Kasun, 2023, "COVID-19 policy actions and inflation targeting in South Asia," Journal of Asian Economics, Elsevier, volume 84, issue C, DOI: 10.1016/j.asieco.2022.101576.
• Shah, Sayar Ahmad & Garg, Bhavesh, 2023, "Testing policy effectiveness during COVID-19: An NK-DSGE analysis," Journal of Asian Economics, Elsevier, volume 84, issue C, DOI: 10.1016/j.asieco.2022.101577.
• Bessho, S., 2023, "Elections and COVID-19 benefit payments," Journal of Asian Economics, Elsevier, volume 87, issue C, DOI: 10.1016/j.asieco.2023.101630.
• Cantelmo, Alessandro & Melina, Giovanni & Papageorgiou, Chris, 2023, "Macroeconomic outcomes in disaster-prone countries," Journal of Development Economics, Elsevier, volume 161, issue C, DOI: 10.1016/j.jdeveco.2022.103037.
• Jørgensen, Peter Lihn, 2023, "The global savings glut and the housing boom," Journal of Economic Dynamics and Control, Elsevier, volume 146, issue C, DOI: 10.1016/j.jedc.2022.104563.
• de Beauffort, Charles, 2023, "When is government debt accumulation optimal in a liquidity trap?," Journal of Economic Dynamics and Control, Elsevier, volume 147, issue C, DOI: 10.1016/j.jedc.2022.104591.
• 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, volume 151, issue C, DOI: 10.1016/j.jedc.2023.104622.
• van Buggenum, Hugo, 2023, "Coexistence of money and interest-bearing bonds," Journal of Economic Dynamics and Control, Elsevier, volume 153, issue C, DOI: 10.1016/j.jedc.2023.104692.
• Kaufmann, Christoph & Attinasi, Maria Grazia & Hauptmeier, Sebastian, 2023, "Macroeconomic stabilisation properties of a euro area unemployment insurance scheme," Journal of Economic Dynamics and Control, Elsevier, volume 153, issue C, DOI: 10.1016/j.jedc.2023.104698.
• Batista, Quentin & Nakata, Taisuke & Sunakawa, Takeki, 2023, "Credible Forward Guidance," Journal of Economic Dynamics and Control, Elsevier, volume 153, issue C, DOI: 10.1016/j.jedc.2023.104699.
• Chen, Xiaoshan & Leith, Campbell & Ricci, Mattia, 2023, "Evaluating fiscal policy reforms using the fiscal frontier," Journal of Economic Dynamics and Control, Elsevier, volume 155, issue C, DOI: 10.1016/j.jedc.2023.104733.
• Afonso, António & Coelho, José Carlos, 2023, "Public finances solvency in the Euro Area," Economic Analysis and Policy, Elsevier, volume 77, issue C, pages 642-657, DOI: 10.1016/j.eap.2022.12.027.
• Taghizadeh-Hesary, Farhad & Dong, Kangyin & Zhao, Congyu & Phoumin, Han, 2023, "Can financial and economic means accelerate renewable energy growth in the climate change era? The case of China," Economic Analysis and Policy, Elsevier, volume 78, issue C, pages 730-743, DOI: 10.1016/j.eap.2023.04.013.
• Liu, Lihua & Weng, Danyan & Zhang, Qin, 2023, "Unintended consequences of tax enforcement on corporate innovation: Evidence from a natural experiment in China," Economic Analysis and Policy, Elsevier, volume 80, issue C, pages 1292-1309, DOI: 10.1016/j.eap.2023.10.013.
• Peng, Fei & Zhou, Shibiao & Zhou, Peng, 2023, "Local government fiscal stress and corporate risk-taking: Evidence from a quasi-natural experiment in China," Economic Analysis and Policy, Elsevier, volume 80, issue C, pages 1677-1695, DOI: 10.1016/j.eap.2023.11.009.
• Li, Meng, 2023, "Loss aversion and inefficient general equilibrium over the business cycle," Economic Modelling, Elsevier, volume 118, issue C, DOI: 10.1016/j.econmod.2022.106086.
• Georgantas, Georgios & Kasselaki, Maria & Tagkalakis, Athanasios, 2023, "Τhe effects of fiscal consolidation in OECD countries," Economic Modelling, Elsevier, volume 118, issue C, DOI: 10.1016/j.econmod.2022.106099.
• Agnello, Luca & Castro, Vítor & Sousa, Ricardo M., 2023, "A quest between fiscal and market discipline," Economic Modelling, Elsevier, volume 119, issue C, DOI: 10.1016/j.econmod.2022.106119.
• Bilicka, Katarzyna & Raei, Sepideh, 2023, "Output distortions and the choice of legal form of organization," Economic Modelling, Elsevier, volume 119, issue C, DOI: 10.1016/j.econmod.2022.106159.
• Malmierca, María, 2023, "Optimal macroprudential and fiscal policy in a monetary union," Economic Modelling, Elsevier, volume 122, issue C, DOI: 10.1016/j.econmod.2023.106238.
• Occhino, Filippo, 2023, "The macroeconomic effects of business tax cuts with debt financing and accelerated depreciation," Economic Modelling, Elsevier, volume 125, issue C, DOI: 10.1016/j.econmod.2023.106308.
• Sahoo, Pravakar & Bishnoi, Ashwani, 2023, "Drivers of corporate investment in India: The role of firm-specific factors and macroeconomic policy," Economic Modelling, Elsevier, volume 125, issue C, DOI: 10.1016/j.econmod.2023.106330.
• Goemans, Pascal, 2023, "The impact of public consumption and investment in the euro area during periods of high and normal uncertainty," Economic Modelling, Elsevier, volume 126, issue C, DOI: 10.1016/j.econmod.2023.106370.
• Acosta-Henao, Miguel, 2023, "Law enforcement and the size of the informal sector," Economic Modelling, Elsevier, volume 126, issue C, DOI: 10.1016/j.econmod.2023.106400.
• Darracq Pariès, Matthieu & Müller, Georg & Papadopoulou, Niki, 2023, "Fiscal multipliers within the euro area in the context of sovereign risk and bank fragility," Economic Modelling, Elsevier, volume 126, issue C, DOI: 10.1016/j.econmod.2023.106411.
• Fernández-Bastidas, Rocío, 2023, "Entrepreneurship and tax evasion," Economic Modelling, Elsevier, volume 128, issue C, DOI: 10.1016/j.econmod.2023.106488.
• Boly, Mohamed & Combes, Jean-Louis & Combes Motel, Pascale, 2023, "Does environment pay for politicians?," Economic Modelling, Elsevier, volume 128, issue C, DOI: 10.1016/j.econmod.2023.106491.
• Klose, Jens, 2023, "European exchange rate adjustments in response to COVID-19, containment measures and stabilization policies," Economic Modelling, Elsevier, volume 128, issue C, DOI: 10.1016/j.econmod.2023.106494.
• Casalin, Fabrizio & Cerniglia, Floriana & Dia, Enzo, 2023, "Stock-flow adjustments, public debt management and interest costs," Economic Modelling, Elsevier, volume 129, issue C, DOI: 10.1016/j.econmod.2023.106531.
• Ma, Yong & Lv, Lin, 2023, "Financial development, financial instability, and fiscal policy volatility: International evidence," The North American Journal of Economics and Finance, Elsevier, volume 64, issue C, DOI: 10.1016/j.najef.2022.101873.
• Chrysanthakopoulos, Christos & Tagkalakis, Athanasios, 2023, "Fiscal rules and tax policy cyclicality," Economics Letters, Elsevier, volume 225, issue C, DOI: 10.1016/j.econlet.2023.111035.
• Sabaj, Ernil & Sbia, Rashid & Troug, Haytem, 2023, "Does it matter where and how governments spend?," Economics Letters, Elsevier, volume 228, issue C, DOI: 10.1016/j.econlet.2023.111158.
• Matarrese, Marco Maria & Frangiamore, Francesco, 2023, "Italian local fiscal multipliers: Evidence from proxy-SVAR," Economics Letters, Elsevier, volume 228, issue C, DOI: 10.1016/j.econlet.2023.111185.
• Farrell, Niall, 2023, "Equity effects of energy affordability interventions," Economics Letters, Elsevier, volume 229, issue C, DOI: 10.1016/j.econlet.2023.111187.
• Jung, Woosung & Kim, Donghyun & Sul, Hong Kee, 2023, "Investment behavior of retail investors in response to COVID-19 economic impact payments," Economics Letters, Elsevier, volume 233, issue C, DOI: 10.1016/j.econlet.2023.111370.
• Karaki, Mohamad B. & Safieddine, Hadi, 2023, "Do defense news crowd out private investment?," Economics Letters, Elsevier, volume 233, issue C, DOI: 10.1016/j.econlet.2023.111421.
• Yetkiner, Hakan & Berk, Istemi, 2023, "Energy intensity and directed fiscal policy," Economic Systems, Elsevier, volume 47, issue 2, DOI: 10.1016/j.ecosys.2022.101070.
• Crucitti, Francesca & Lazarou, Nicholas-Joseph & Monfort, Philippe & Salotti, Simone, 2023, "Where does the EU cohesion policy produce its benefits? A model analysis of the international spillovers generated by the policy," Economic Systems, Elsevier, volume 47, issue 3, DOI: 10.1016/j.ecosys.2023.101076.
• Herranz, Moisés Meroño & Turino, Francesco, 2023, "Tax evasion, fiscal policy and public debt: Evidence from Spain," Economic Systems, Elsevier, volume 47, issue 3, DOI: 10.1016/j.ecosys.2023.101121.
• Bounie, David & Camara, Youssouf & Galbraith, John W., 2023, "Consumer mobility and expenditure during the COVID-19 containments: Evidence from French transaction data," European Economic Review, Elsevier, volume 151, issue C, DOI: 10.1016/j.euroecorev.2022.104326.
• Miranda-Pinto, Jorge & Murphy, Daniel & Walsh, Kieran James & Young, Eric R., 2023, "Saving constraints, inequality, and the credit market response to fiscal stimulus," European Economic Review, Elsevier, volume 151, issue C, DOI: 10.1016/j.euroecorev.2022.104355.
• Mao, Ruoyun & Shen, Wenyi & Yang, Shu-Chun S., 2023, "Uncertain policy regimes and government spending effects," European Economic Review, Elsevier, volume 152, issue C, DOI: 10.1016/j.euroecorev.2022.104330.
• Malley, James & Philippopoulos, Apostolis, 2023, "The macroeconomic effects of funding U.S. infrastructure," European Economic Review, Elsevier, volume 152, issue C, DOI: 10.1016/j.euroecorev.2022.104334.
• Dabla-Norris, Era & Lima, Frederico, 2023, "Macroeconomic effects of tax rate and base changes: Evidence from fiscal consolidations," European Economic Review, Elsevier, volume 153, issue C, DOI: 10.1016/j.euroecorev.2023.104399.
• Hinterlang, Natascha & Moyen, Stephane & Röhe, Oke & Stähler, Nikolai, 2023, "Gauging the effects of the German COVID-19 fiscal stimulus package," European Economic Review, Elsevier, volume 154, issue C, DOI: 10.1016/j.euroecorev.2023.104407.
• Bonciani, Dario & Oh, Joonseok, 2023, "Revisiting the New Keynesian policy paradoxes under QE," European Economic Review, Elsevier, volume 154, issue C, DOI: 10.1016/j.euroecorev.2023.104429.
• De Graeve, Ferre & Mazzolini, Giulio, 2023, "The maturity composition of government debt: A comprehensive database," European Economic Review, Elsevier, volume 154, issue C, DOI: 10.1016/j.euroecorev.2023.104438.
• Kim, Wongi, 2023, "Private sector debt overhang and government spending multipliers: Not all debts are alike," European Economic Review, Elsevier, volume 154, issue C, DOI: 10.1016/j.euroecorev.2023.104439.
• Klein, Mathias & Linnemann, Ludger, 2023, "The composition of public spending and the inflationary effects of fiscal policy shocks," European Economic Review, Elsevier, volume 155, issue C, DOI: 10.1016/j.euroecorev.2023.104460.
• Bi, Huixin & Traum, Nora, 2023, "Unconventional monetary policy and local fiscal policy," European Economic Review, Elsevier, volume 156, issue C, DOI: 10.1016/j.euroecorev.2023.104476.
• Kholodilin, Konstantin A. & Rieth, Malte, 2023, "Viral shocks to the world economy," European Economic Review, Elsevier, volume 158, issue C, DOI: 10.1016/j.euroecorev.2023.104526.
• Eyquem, Aurélien & Poilly, Céline & Belianska, Anna, 2023, "On portfolio frictions, asset returns and volatility," European Economic Review, Elsevier, volume 160, issue C, DOI: 10.1016/j.euroecorev.2023.104623.
• Grabowski, Wojciech & Janus, Jakub & Stawasz-Grabowska, Ewa, 2023, "The COVID-19 pandemic and financial markets in Central Europe: Macroeconomic measures and international policy spillovers," Emerging Markets Review, Elsevier, volume 54, issue C, DOI: 10.1016/j.ememar.2022.100991.
• Gala, Vito D. & Pagliardi, Giovanni & Zenios, Stavros A., 2023, "Global political risk and international stock returns," Journal of Empirical Finance, Elsevier, volume 72, issue C, pages 78-102, DOI: 10.1016/j.jempfin.2023.03.004.
• Sohag, Kazi & Hassan, M. Kabir & Kalina, Irina & Mariev, Oleg, 2023, "The relative response of Russian National Wealth Fund to oil demand, supply and risk shocks," Energy Economics, Elsevier, volume 123, issue C, DOI: 10.1016/j.eneco.2023.106724.
• Durand-Lasserve, Olivier & Karanfil, Fatih, 2023, "Fiscal policy in oil and gas-exporting economies: Good times, bad times and ugly times," Energy Economics, Elsevier, volume 126, issue C, DOI: 10.1016/j.eneco.2023.106987.
• Zhang, Zuomin & Dai, Ling, 2023, "The bank loan distribution effect of government spending expansion: Evidence from China," International Review of Financial Analysis, Elsevier, volume 89, issue C, DOI: 10.1016/j.irfa.2023.102778.
• He, Yuhan & Yi, Yang, 2023, "Digitalization of tax administration and corporate performance: Evidence from China," International Review of Financial Analysis, Elsevier, volume 90, issue C, DOI: 10.1016/j.irfa.2023.102859.
• Esteve, Vicente & Prats, María A., 2023, "Testing explosive bubbles with time-varying volatility: The case of Spanish public debt," Finance Research Letters, Elsevier, volume 51, issue C, DOI: 10.1016/j.frl.2022.103330.
• Lee, Kiryoung & Choi, Eunseon & Kim, Minki, 2023, "Twitter-based Chinese economic policy uncertainty," Finance Research Letters, Elsevier, volume 53, issue C, DOI: 10.1016/j.frl.2023.103627.
• Han, Xun & Aibai, Abuduwali & Xie, Xinyan, 2023, "Fiscal decentralization and shadow banking activities of non-financial enterprises," Finance Research Letters, Elsevier, volume 54, issue C, DOI: 10.1016/j.frl.2023.103714.
• Gong, Min & Zeng, Yidi & Zhang, Fan, 2023, "New infrastructure, optimization of resource allocation and upgrading of industrial structure," Finance Research Letters, Elsevier, volume 54, issue C, DOI: 10.1016/j.frl.2023.103754.
• Baussola, Maurizio & Carvelli, Gianni, 2023, "Public and private investments: Long-run asymmetric effects in France and the US," Finance Research Letters, Elsevier, volume 58, issue PA, DOI: 10.1016/j.frl.2023.104317.
• Keen, Benjamin D. & Strong, Christine O., 2023, "Optimal fiscal and monetary policy in a model with government corruption," Finance Research Letters, Elsevier, volume 58, issue PB, DOI: 10.1016/j.frl.2023.104435.
• Bennett, Federico & Montamat, Giselle & Roch, Francisco, 2023, "Robust optimal macroprudential policy," Journal of International Economics, Elsevier, volume 141, issue C, DOI: 10.1016/j.jinteco.2022.103714.
• Zheng, Huanhuan, 2023, "Sovereign debt responses to the COVID-19 pandemic," Journal of International Economics, Elsevier, volume 143, issue C, DOI: 10.1016/j.jinteco.2023.103766.
• Ernst, Anne & Hinterlang, Natascha & Mahle, Alexander & Stähler, Nikolai, 2023, "Carbon pricing, border adjustment and climate clubs: Options for international cooperation," Journal of International Economics, Elsevier, volume 144, issue C, DOI: 10.1016/j.jinteco.2023.103772.
• Tran-Xuan, Monica, 2023, "Optimal redistributive policy in debt constrained economies," Journal of International Economics, Elsevier, volume 144, issue C, DOI: 10.1016/j.jinteco.2023.103785.
• Cardi, Olivier & Restout, Romain, 2023, "Sectoral fiscal multipliers and technology in open economy," Journal of International Economics, Elsevier, volume 144, issue C, DOI: 10.1016/j.jinteco.2023.103789.
• Liu, Yan & Marimon, Ramon & Wicht, Adrien, 2023, "Making sovereign debt safe with a financial stability fund," Journal of International Economics, Elsevier, volume 145, issue C, DOI: 10.1016/j.jinteco.2023.103834.
• Klose, Jens & Tillmann, Peter, 2023, "Stock market response to Covid-19, containment measures and stabilization policies—The case of Europe," International Economics, Elsevier, volume 173, issue C, pages 29-44, DOI: 10.1016/j.inteco.2022.11.004.
• Keita, Kady & Rabaud, Isabelle & Turcu, Camelia, 2023, "Fiscal outcomes, current account imbalances, and institutions in Europe: Exploring nonlinearities," International Economics, Elsevier, volume 175, issue C, pages 121-134, DOI: 10.1016/j.inteco.2023.04.002.
• Hory, Marie-Pierre & Levieuge, Grégory & Onori, Daria, 2023, "The fiscal multiplier when debt is denominated in foreign currency," International Economics, Elsevier, volume 176, issue C, DOI: 10.1016/j.inteco.2023.100458.
• Yoshida, Motonori, 2023, "Chronological changes of government sectors’ fiscal policies and fiscal sustainability in Japan," Japan and the World Economy, Elsevier, volume 66, issue C, DOI: 10.1016/j.japwor.2023.101178.
• Fukuda, Shin-ichi, 2023, "Evaluation of fiscal policy using alternative GDP data in Japan," Japan and the World Economy, Elsevier, volume 67, issue C, DOI: 10.1016/j.japwor.2023.101204.
• Carranza-Ugarte, Luis & Díaz-Saavedra, Julián & Galdon-Sanchez, Jose Enrique, 2023, "Rethinking fiscal rules," Journal of Comparative Economics, Elsevier, volume 51, issue 3, pages 833-857, DOI: 10.1016/j.jce.2023.02.005.
• Schünemann, Johannes & Trimborn, Timo, 2023, "Boosting taxes for boasting about houses? Status concerns in the housing market," Journal of Economic Behavior & Organization, Elsevier, volume 205, issue C, pages 120-143, DOI: 10.1016/j.jebo.2022.10.037.
• Choi, Sangyup & Shin, Junhyeok, 2023, "Household indebtedness and the macroeconomic effects of tax changes," Journal of Economic Behavior & Organization, Elsevier, volume 209, issue C, pages 22-52, DOI: 10.1016/j.jebo.2023.02.022.
• Asada, Toichiro & Zimka, Rudolf & Demetrian, Michal & Zimková, Emília, 2023, "A Mathematical Analysis of a MMT Type Coordinated Fiscal and Monetary Stabilization Policy in a Dynamic Keynesian Model," Journal of Economic Behavior & Organization, Elsevier, volume 215, issue C, pages 442-454, DOI: 10.1016/j.jebo.2023.09.024.
• Dascher-Preising, Fabienne & Greiner, Alfred, 2023, "Monetary-fiscal policy relations in the euro area: The impact on the primary balance," Journal of Economic Behavior & Organization, Elsevier, volume 216, issue C, pages 1-9, DOI: 10.1016/j.jebo.2023.09.026.
• Karantounias, Anastasios G., 2023, "Doubts about the model and optimal policy," Journal of Economic Theory, Elsevier, volume 210, issue C, DOI: 10.1016/j.jet.2023.105643.
• He, Ping & Liu, Zehao & Xie, Chengbo, 2023, "A fiscal theory of money and bank liquidity provision," Journal of Economic Theory, Elsevier, volume 214, issue C, DOI: 10.1016/j.jet.2023.105744.
• DeYoung, Robert & Jang, Karen Y., 2023, "Testing dividend tax theory: Firm and industry heterogeneity," Journal of Financial Intermediation, Elsevier, volume 56, issue C, DOI: 10.1016/j.jfi.2023.101060.
• Gamber, William & Graham, James & Yadav, Anirudh, 2023, "Stuck at home: Housing demand during the COVID-19 pandemic," Journal of Housing Economics, Elsevier, volume 59, issue PB, DOI: 10.1016/j.jhe.2022.101908.
• Guo, Fei & Kit-Ming Yan, Isabel & Chen, Tao & Hu, Chun-Tien, 2023, "Fiscal multipliers, monetary efficacy, and hand-to-mouth households," Journal of International Money and Finance, Elsevier, volume 130, issue C, DOI: 10.1016/j.jimonfin.2022.102743.