Search Results for: Fiscal Hangover

The rules of making money have changed-forever With the collapse of investment banks, trillion-dollar-plus government bailouts, and the Dow plunging like a rock

This paper develops a 2-country New Keynesian overlapping generations model suitable for the joint evaluation of monetary and fiscal policies. We show that a pe

Vanity Fair presents 21 true stories of the new hard times Where did all the billions go? Commissioned by the editors at Vanity Fair magazine, The Great Hangove

Following the Great Recession, U.S. government debt levels exceeded 100% of output. We develop a macroeconomic model to evaluate the role of various shocks duri

Heir to a conservative political dynasty, Shinzo Abe entered politics burdened by high expectations: that, in ruling Japan, he would change it fundamentally. In