Global growth prospects have deteriorated significantly since the beginning of the year,
raising the specter of global recession. This paper relies on insights gleaned from previous …

This chapter examines different approaches to the measurement of multidimensional
inequality and poverty. It first outlines three aspects preliminary to any multidimensional …

This paper develops a medium-scale dynamic, stochastic, general equilibrium (DSGE)
model for fiscal policy simulations. Relative to existing models of this type, our model …

In this paper we argue that tax enforcement is an additional contextual factor affecting tax
morale, one of the most important determinants of tax compliance. By using a unique dataset …

In this article, we develop a mixed frequency dynamic factor model in which the disturbances
of both the latent common factor and of the idiosyncratic components have time-varying …

This paper employs a large-scale overlapping generation model quantifying that
demographics account for a decrease in the natural real interest rate of about 1.4 …

We study the global macroeconomic effects of tariffs using a multiregional, general
equilibrium model, EAGLE, that we extend by introducing US tariffs against Chinese imports …

We aim to provide an explanation for the combination of the relatively low female
participation rates and lowest‐low fertility levels in I taly. Starting from the assumption that …

We use a DSGE model to study the effectiveness of green-asset purchases by the central
bank (Green QE), along the transition to a carbon-free economy driven by an emission tax …

The scapegoat theory of exchange rates (Bacchetta and van Wincoop, 2004, Bacchetta and
van Wincoop, 2013) suggests that market participants may attach excessive weight to …