Commonly used instruments for the identification of monetary policy disturbances are likely
to combine the true policy shock with information about the state of the economy due to the …

This paper surveys the empirical research on fiscal policy analysis based on real‐time data.
This literature can be broadly divided into four groups that focus on:(1) the statistical …

We estimate non‐linear VARs to assess to what extent fiscal spending multipliers are
countercyclical in the US. We deal with the issue of non‐fundamentalness due to fiscal …

We identify news shocks to US defence spending as the shocks that best explain future
movements in defence spending over a five‐year horizon and are orthogonal to current …

By using the Survey of Professional Forecasters, we provide new evidence on the open-
economy effects of government spending, focusing on a well-known puzzle in the literature …

We investigate the effects of fiscal policy communication on the propagation of government
spending shocks. To this aim, we propose a new index measuring the coordination effects of …

This paper provides new evidence of the existence and magnitude of the “twin deficits” in
developing economies. It finds that 1% of GDP unanticipated increase in the government …

This research paper explores the contributing factors behind the success of 146 ICOs from
June 2017 to November 2017 by analysing the role of ICO characteristics, team quality and …

We construct unanticipated government spending shocks for 103 developing countries from
1990 to 2015 and study their effects on income distribution. We find that unanticipated fiscal …

Using a large Bayesian VAR, we approximate the flow of information received by economic
agents to investigate the effects of changes to government purchases. We document robust …