Fiscal Multipliers and Foreign Holdings of Public Debt
Fernando Broner, Daragh Clancy, Alberto Martín and Aitor Erce suggest that the effects of fiscal expansions in a globalized world depend crucially on how they are financed
Topic Archive: Macroeconomics
Designing a Simple Loss Function for Central Banks: Does a Dual Mandate Make Sense?
Davide Debortoli, Jinill Kim, Jesper Lindé, and Ricardo Nunes argue that stabilizing measures of economic activity should be one of the primary objectives of central banks, in some cases even more important than stabilizing inflation.
Falling labor share? Perhaps it is all in the accounting of ideas!
Dongya Koh, Raül Santaeulàlia-Llopis, and Yu Zheng argue that labor share incorporating IPP is a better representation of the US economy.
Unemployment and Unions: Could Sector-Level Bargaining be to Blame?
José Ramón García and Valeri Sorolla show that the bargaining structure of southern European economies can lead to higher unemployment.
