Using a dynamic stochastic general equilibrium model, we study the channels through
which natural disaster shocks affect macroeconomic outcomes and welfare in disaster-prone …

Purpose The effectiveness of fiscal policy is an interesting field in literature of
macroeconomics. The purpose of this paper is to investigate the effects of fiscal policy on …

This paper investigates the role of informality in affecting the magnitude of the fiscal
multiplier in a panel of 141 countries, using the local projections method. We find a strong …

I present a simple, unified approach to study the tax evasion practices often observed in
developing countries. I develop a general equilibrium model where heterogeneous …

This paper investigates the role of informality in affecting the magnitude of the public
expenditure multiplier in a panel of 142 countries, using the local projections method. We …

The literature has documented the negative impacts of economic uncertainty on output,
investment and employment; however, no current study considers the influence of economic …

This paper examines the influence of tax rate differences and international transfer pricing
regulations on the profit-maximizing location strategies of a multinational firm (MNF). We …

ABSTRACT The 'Great Lockdown'in response to the COVID-19 pandemic has led to a
severe world-wide economic crisis. In the euro area countries sovereign debt-to-GDP ratios …

An aspect of the 'exorbitant privilege'we examine in this paper is the ability of the reserve
currency issuer to run expansionary fiscal policies to stabilize the economy when a negative …

It is well-recognized that fiscal spending in developing countries tends to display significant
procyclicality (increased spending during expansions and vice versa), in contravention of …