Macroeconomics

Active or Passive? Revisiting the Role of Fiscal Policy during High Inflation

We revisit the role of fiscal policy during the high inflation periods of the 1960s and 1970s in the US. European Economic Review, 2024.

We develop a HANK² model of monetary unions to study the impact of business cycle shocks at the household level. Journal of Monetary Economics, 2024.

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