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Are Negative Supply Shocks Expansionary at the Zero Lower Bound?
16 references·16 citing·45 second hopsampled
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(2011)The Time for Austerity: Estimating the Average Treatment Effect of Fiscal Policy (2015)A Monetary History of the United States 1867-1960 (1964)Exchange Rate Dynamics Redux (1995)A Monetary History of the United States, 1867-1960 (2017)Atheoretical macroeconometrics: A critique (1985)Systematic Monetary Policy and the Effects of Oil Price Shocks (1997)THE IMPACT OF OIL PRICE SHOCKS ON THE U.S. STOCK MARKET* (2009)THE ROLE OF INVENTORIES AND SPECULATIVE TRADING IN THE GLOBAL MARKET FOR CRUDE OIL (2013)Oil prices, US stock return, and the dependence between their quantiles (2015)The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)Identifying Government Spending Shocks: It's all in the Timing* (2011)Measuring the Output Responses to Fiscal Policy (2012)The Debt-Deflation Theory of Great Depressions (1933)Stabilizing an Unstable Economy (1987)The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks (2010)Household Balance Sheets, Consumption, and the Economic Slump* (2013)The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008–9 Financial Crisis * (2013)Econometric policy evaluation: A critique (1976)Rules, discretion and reputation in a model of monetary policy (1983)Monetary Policy and Exchange Rate Volatility in a Small Open Economy (2005)Time Varying Structural Vector Autoregressions and Monetary Policy (2005)Housing Market Spillovers: Evidence from an Estimated DSGE Model (2010)The Science of Monetary Policy: A New Keynesian Perspective (1999)A model of unconventional monetary policy (2010)Financial Intermediation and Credit Policy in Business Cycle Analysis (2010)
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References

  • 1998Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data6,815 cited
  • 2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY5,508 cited
  • 2009Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market4,637 cited
  • 2007Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach4,628 cited
  • 2011When Is the Government Spending Multiplier Large?1,839 cited
  • 2003Zero Bound on Interest Rates and Optimal Monetary Policy1,801 cited
  • 1998It's Baaack: Japan's Slump and the Return of the Liquidity Trap1,754 cited
  • 2017Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data1,435 cited
  • 2012Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach*1,407 cited
  • 2014Fiscal Stimulus in a Monetary Union: Evidence from US Regions912 cited
  • 2011Simple Analytics of the Government Expenditure Multiplier912 cited
  • 2008The New Palgrave Dictionary of Economics872 cited
  • 2011What Fiscal Policy Is Effective at Zero Interest Rates?681 cited
  • 2005Global Current Account Imbalances and Exchange Rate Adjustments590 cited
  • 2012The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound?

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360 cited
  • 2015Inflation Expectations and Readiness to Spend: Cross-Sectional Evidence323 cited
  • Cited by

    • 2020The Macroeconomic Consequences of Infrastructure Investment152 cited
    • 2014Government Spending Multipliers in Good Times and in Bad: Evidence from U.S. Historical Data128 cited
    • 2015The Equilibrium Real Funds Rate: Past, Present and Future109 cited
    • 2016Policy paradoxes in the New Keynesian model108 cited
    • 2023How Does Consumption Respond to News about Inflation? Field Evidence from a Randomized Control Trial108 cited
    • 2016Fiscal Policy in an Unemployment Crisis105 cited
    • 2021Protectionism and the business cycle99 cited
    • 2019A shadow rate New Keynesian model99 cited
    • 2021The inflation response to government spending shocks: A fiscal price puzzle?99 cited
    • 2014Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound99 cited
    • 2019On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint84 cited
    • 2020Rare Disasters, the Natural Interest Rate and Monetary Policy82 cited
    • 2014The expected inflation channel of government spending in the postwar U.S.80 cited
    • 2020On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint76 cited
    • 2022Neo-Fisherian Policies and Liquidity Traps56 cited
    • 2020Risk Premia at the ZLB: A Macroeconomic Interpretation48 cited