The Fiscal Future by N. Gregory Mankiw published by NBER (2025) “…The topic I would like to talk about today was close to Marty’s heart: the stance of fiscal policy and the path of government debt. Throughout his career,…
In Money, We Survive: The Effects of Social Security Retirement Income on Longevity by Hamid Noghanibehambari and Jason Fletcher published by NBER (9/2025). An old and debated line of research examines the income-mortality relationship and finds mixed evidence. In…
Assuntos Econômicos
Global Price Shocks and International Monetary Coordination (Guerrieri et al.)
jun 15, 2025, 3:23 PM 0
Global Price Shocks and International Monetary Coordination by Veronica Guerrieri, Guido Lorenzoni, Iván Werning published by NBER (5/2025). Individual central banks respond to global supply shocks that transmit inflationary pressures—such as oil prices, shipping costs, and bottlenecks in global…
Assuntos Econômicos
A Theory of Fiscal Responsibility and Irresponsibility (Halac & Yared)
maio 24, 2025, 2:29 PM 0
A Theory of Fiscal Responsibility and Irresponsibility by Marina Halac and Pierre Yared published by NBER (10/2022). We propose a political economy mechanism that explains the presence of fiscal regimes punctuated by crisis periods. Our model focuses on the…
Fiscal Policy as a Stabilization Tool. The Case for Quasi-Automatic Stabilizers, With an Application to the VAT by Olivier J. Blanchard published by NBER (4/2025). “Most of the focus of recent stabilization policy research and practice has been on…
Assuntos Econômicos
Fiscal consequences of central bank losses (Cecchetti & Hilscher)
jun 3, 2024, 8:49 AM 0
Fiscal consequences of Central Bank losses by Stephen G. Cecchetti, Jens Hilscher published by NBER (5/2024). In response to the Global Financial Crisis, central banks engaged in large-scale asset purchases funded by the issuance of reserves. These “unconventional” policies…
Assuntos Econômicos
The Economics of Information in a World of Disinformation (Stiglitz & Kosenko)
fev 14, 2024, 1:11 PM 0
The Economics of Information in a World of Disinformation: A Survey Part 1: Indirect Communication by Joseph E. Stiglitz and Andrew Kosenko published by NBER (1/2024). We survey aspects of the intellectual development of the economics of information from…
Assuntos FiscaisMacroeconomia
The Fiscal Consequences of Missing an Inflation Target (Andreolli & Hélène)
jan 13, 2023, 12:20 PM 0
The Fiscal Consequences of Missing an Inflation Target by Michele Andreolli and Hélène Rey published by NBER (1/2023) The European Central Bank is unique in setting monetary policy for several sovereign states with heterogeneous debt levels and different maturity…
Shrinking the Tax Gap: Approaches and Revenue Potential by Natasha Sarin and Lawrence H. Summers published by NBER (11/2019). “The IRS recently released its most recent estimates on the tax gap—the difference between what was due to the…
NBER published Working Papers released in the past, by week. “Aggregate and Firm-Level Stock Returns During Pandemics, in Real Time by Laura Alfaro, Anusha Chari, Andrew N. Greenland, and Peter K. Schott How Does Household Spending Respond to an…