We investigate the effects of government spending on US output with a threshold structural
vector autoregressive model. We consider Bayesian model comparison and generalized …

Fiscal multipliers appear to vary greatly over time and space. Based on VARs for a large
number of countries, we document a strong correlation between wealth inequality and the …

Using a new narrative measure of fiscal policy shocks for the UK, we show that households
with mortgage debt exhibit large and significant consumption responses to tax changes …

Historically, large changes in US government spending induced fiscal efforts that were not
all alike, with some using more progressive taxes than others. We develop a heterogeneous …

We document a strong empirical relationship between higher income inequality and
stronger recessive impacts of fiscal consolidation episodes across time and space. To …

This work investigates how the state of credit markets affects the impact of fiscal policies. We
estimate a threshold vector autoregression (TVAR) model on US quarterly data for the …

We develop a novel medium-scale DSGE model, called NORA, for fiscal policy analysis in
Norway. NORA contains a sheltered and exposed sector allowing us to model wage …

We show that consumption expenditures for older households are more responsive to
monetary policy shocks than for young‐or middle‐aged households. A one‐standard …

This paper examines the characteristics that drive conflicting outcomes on the impact of
Twitter data on firm returns using financial micro data. Using 314 European tourism firms as …

Government spending shocks have substantially different effects on consumers across the
income distribution: consumption increases for the poor whereas it decreases for the rich in …