Abel, A. B., and O. J. Blanchard, “An Intertemporal Model of Saving and Investment,” Econometrica 51(3) (1983), 675–92.
Aguiar, M., and E. Hurst, “Consumption versus Expenditur,” Journal of Political Economy 113(5) (2005), 919–48.
Aiyagari, S. R., L. J. Christiano, and M. Eichenbaum, “The Output, Employment, and Interest Rate Effects of Government Consumption,” Journal of Monetary Economics 30(1) (1992), 73–86.
Albertini, J., S. Auray, H. Bouakez, and A. Eyquem, “Taking Off into the Wind: Unemployment Risk and State‐Dependent Government Spending Multipliers,” Journal of Monetary Economics 117 (2021), 990–1007.
Alexopoulos, M., “A Monetary Business Cycle Model with Unemployment,” Journal of Economic Dynamics and Control 31(12) (2007), 3904–40.
Alexopoulos, M., “Shirking in a Monetary Business Cycle Model,” Canadian Journal of Economics 39(3) (2006), 689–718.
Alexopoulos, M., “Unemployment and the Business Cycle,” Journal of Monetary Economics 51(2) (2004), 277–98.
- Altig, D., L. J. Christiano, M. Eichenbaum, and J. Lindé, “Firm‐Specific Capital, Nominal Rigidities and the Business Cycle,” Review of Economic Dynamics 14(2) (2011), 225–47.
Paper not yet in RePEc: Add citation now
Anderson, E., A. Inoue, and B. Rossi, “Heterogeneous Consumers and Fiscal Policy Shocks,” Journal of Money, Credit and Banking 48(8) (2016), 1877–88.
Auclert, A., and M. Rognlie, “Inequality and Aggregate Demand,” NBER Working Paper 24280, 2018.
Auclert, A., M. Rognlie, and L. Straub, “The Intertemporal Keynesian Cross,” NBER Working Paper 25020, 2018.
Auerbach, A. J., and Y. Gorodnichenko, “Measuring the Output Responses to Fiscal Policy,” American Economic Journal: Economic Policy 4(2) (2012), 1–27.
Barattieri, A., S. Basu, and P. Gottschalk, “Some Evidence on the Importance of Sticky Wages,” American Economic Journal: Macroeconomics 6(1) (2014), 70–101.
Barro, R. J., and C. J. Redlick, “Macroeconomic Effects from Government Purchases and Taxes,” Quarterly Journal of Economics 126(1) (2011), 51–102.
Baxter, M., and R. G. King, “Fiscal Policy in General Equilibrium,” American Economic Review 83(3) (1993), 315–34.
Ben, Zeev, N., and E. Pappa, “Chronicle of a War Foretold: The Macroeconomic Effects of Anticipated Defence Spending Shocks,” Economic Journal 127(603) (2017), 1568–97.
Bhattarai, S., G. B. Eggertsson, and R. Schoenle, “Is Increased Price Flexibility Stabilizing? Redux,” Journal of Monetary Economics 100 (2018), 66–82.
Bilbiie, F. O., “Nonseparable Preferences, Fiscal Policy Puzzles, and Inferior Goods,” Journal of Money, Credit and Banking 41(2‐3) (2009), 443–50.
Bilbiie, F. O., “Nonseparable Preferences, Frisch Labor Supply, and the Consumption Multiplier of Government Spending: One Solution to a Fiscal Policy Puzzle,” Journal of Money, Credit and Banking 43(1) (2011), 221–51.
Blanchard, O. J., and R. Perotti, “An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output,” Quarterly Journal of Economics 117(4) (2002), 1329–68.
Bouakez, H., and N. Rebei, “Why Does Private Consumption Rise after a Government Spending Shock?” Canadian Journal of Economics 40(3) (2007), 954–79.
Browning, M., and T. F. Crossley, “Unemployment Insurance Benefit Levels and Consumption Changes,” Journal of Public Economics 80(1) (2001), 1–23.
Brückner, M., and E. Pappa, “Fiscal Expansions, Unemployment, and Labor Force Participation: Theory and Evidence,” International Economic Review 53(4) (2012), 1205–28.
- Burgess, P. L., J. L. Kingston, R. D. St. Louis, and J. T. Sloane, “Changes in Spending Patterns Following Unemployment,” U.S. Department of Labor Employment and Training Administration Occasional Paper 81–3, 1981.
Paper not yet in RePEc: Add citation now
Burnside, C., and M. Eichenbaum, “Factor‐Hoarding and the Propagation of Business‐Cycle Shocks,” American Economic Review 86(5) (1996), 1154–74.
Burnside, C., M. Eichenbaum, and J. D. M. Fisher, “Fiscal Shocks and their Consequences,” Journal of Economic Theory 115(1) (2004), 89–117.
Calvo, G. A., “Staggered Prices in a Utility‐Maximizing Framework,” Journal of Monetary Economics 12(3) (1983), 383–98.
Campbell, J. Y., and N. G. Mankiw, “Consumption, Income and Interest Rates: Reinterpreting the Time Series Evidence,” in O. J. Blanchard and S. Fischer, eds., NBER Macroeconomics Annual 1989, Volume 4 (Cambridge, MA: MIT Press, 1989), 185–216.
Chetty, R., and A. Szeidl, “Consumption Commitments and Risk Preferences,” Quarterly Journal of Economics 122(2) (2007), 831–77.
Christiano, L. J., M. Eichenbaum, and S. Rebelo, “When is the Government Spending Multiplier Large?” Journal of Political Economy 119(1) (2011), 78–121.
Cogan, J. F., T. Cwik, J. B. Taylor, and V. Wieland, “New Keynesian versus Old Keynesian Government Spending Multipliers,” Journal of Economic Dynamics and Control 34(3) (2010), 281–95.
- Colciago, A., “Rule‐of‐Thumb Consumers Meet Sticky Wages,” Journal of Money, Credit and Banking 43(2‐3) (2011), 325–53.
Paper not yet in RePEc: Add citation now
Drautzburg, T., and H. Uhlig, “Fiscal Stimulus and Distortionary Taxation,” Review of Economic Dynamics 18(4) (2015), 894–920.
Dupor, B., and R. Li, “The Expected Inflation Channel of Government Spending in the Postwar U.S.,” European Economic Review 74 (2015), 36–56.
Dupor, B., R. Li, and J. Li, “Sticky Wages, Private Consumption, and Fiscal Multipliers,” Journal of Macroeconomics 62 (2019), 103–57.
Dynarski, S., J. Gruber, R. A. Moffitt, and G. Burtless, “Can Families Smooth Variable Earnings?” Brookings Papers on Economic Activity 1997(1) (1997), 229–303.
East, C. N., and E. Kuka, “Reexamining the Consumption Smoothing Benefits of Unemployment Insurance,” Journal of Public Economics 132 (2015), 32–50.
Edelberg, W., M. Eichenbaum, and J. D. M. Fisher, “Understanding the Effects of a Shock to Government Purchases,” Review of Economic Dynamics 2(1) (1999), 166–206.
Eggertsson, G. B. “What Fiscal Policy is Effective at Zero Interest Rates?” in D. Acemoglu and M. Woodford, eds., NBER Macroeconomics Annual 2010, Volume 25 (Chicago, IL: University of Chicago Press, 2011), 59–112.
Erceg, C., and J. Lindé, “Is There a Fiscal Free Lunch in a Liquidity Trap?” Journal of the European Economic Association 12(1) (2014), 73–107.
- Ferriere, A., and G. Navarro, “The Heterogeneous Effects of Government Spending: It's All About Taxes,” Paris School of Economics Working Paper, February 2020.
Paper not yet in RePEc: Add citation now
- Fève, P., J. Matheron, and J. Sahuc, “A Pitfall with Estimated DSGE‐Based Government Spending Multipliers,” American Economic Journal: Macroeconomics 5(4) (2013), 141–78.
Paper not yet in RePEc: Add citation now
Fisher, J. D. M., and R. Peters, “Using Stock Returns to Identify Government Spending Shocks,” Economic Journal 120(544) (2010), 414–36.
Furlanetto, F., “Fiscal Stimulus and the Role of Wage Rigidity,” Journal of Economic Dynamics and Control 35(4) (2011), 512–27.
- Galí, J., D. J. López‐Salido, and J. Vallés, “Understanding the Effects of Government Spending on Consumption,” Journal of the European Economic Association 5(1) (2007), 227–70.
Paper not yet in RePEc: Add citation now
Galí, J., D. J. López‐Salido, J. Vallés, F. Smets, and R. Wouters, “Unemployment in an Estimated New Keynesian Model,” in M. Eichenbaum, E. Hurst, and J. A. Parker, eds., NBER Macroeconomics Annual 2011, Volume 26 (Chicago, IL: University of Chicago Press, 2012), 329–60.
Ganong, P., and P. Noel, “Consumer Spending during Unemployment: Positive and Normative Implications,” American Economic Review 109(7) (2019), 2383–424.
Givens, G. E., “Unemployment Insurance in a Sticky‐Price Model with Worker Moral Hazard,” Journal of Economic Dynamics and Control 35(8) (2011), 1192–214.
Givens, G. E., “Unemployment, Imperfect Risk Sharing, and the Monetary Business Cycle,” B.E. Journal of Macroeconomics 8(1) (Contributions) (2008), 1–43.
Gruber, J., “The Consumption Smoothing Benefits of Unemployment Insurance,” American Economic Review 87(1) (1997), 192–205.
Hagedorn, M., and I. Manovskii, “The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited,” American Economic Review 98(4) (2008), 1692–706.
Hansen, G. D., “Indivisible Labor and the Business Cycle,” Journal of Monetary Economics 16(3) (1985), 309–27.
Hendren, N., “Knowledge of Future Job Loss and Implications for Unemployment Insurance,” American Economic Review 107(7) (2017), 1778–823.
Justiniano, A., G. E. Primiceri, and A. Tambalotti, “Investment Shocks and Business Cycles,” Journal of Monetary Economics 57(2) (2010), 132–45.
Kiley, M. T., “Policy Paradoxes in the New Keynesian model,” Review of Economic Dynamics 21 (2016), 1–15.
Kimball, M. S., “Labor‐Market Dynamics When Unemployment is a Worker Discipline Device,” American Economic Review 84(4) (1994), 1045–59.
King, R. G., and M. W. Watson, “Money, Prices, Interest Rates and the Business Cycle,” Review of Economics and Statistics 78(1) (1996), 35–53.
Klein, P., “Using the Generalized Schur Form to Solve a Multivariate Linear Rational Expectations Model,” Journal of Economic Dynamics and Control 24(10) (2000), 1405–23.
Kroft, K., and M. J. Notowidigdo, “Should Unemployment Insurance Vary with the Unemployment Rate? Theory and Evidence,” Review of Economic Studies 83(3) (2016), 1092–124.
Laséen, S., and L. E. O. Svensson, “Anticipated Alternative Policy Rate Paths in Policy Simulations,” International Journal of Central Banking 7(3) (2011), 1–35.
Levin, A. T., A. Onatski, J. C. Williams, and N. Williams, “Monetary Policy under Uncertainty in Micro‐Founded Macroeconometric Models,” in M. Gertler and K. Rogoff, eds., NBER Macroeconomics Annual 2005, Volume 20 (Cambridge, MA: MIT Press, 2006), 229–87.
Linnemann, L., “The Effect of Government Spending on Private Consumption: A Puzzle?” Journal of Money, Credit and Banking 38(7) (2006), 1715–35.
Ma, E., “The Heterogeneous Responses of Consumption between Poor and Rich to Government Spending Shocks,” Journal of Money, Credit and Banking 51(7) (2019), 1999–2028.
Mertens, K., and M. O. Ravn, “Measuring the Impact of Fiscal Policy in the Face of Anticipation: A Structural VAR Approach,” Economic Journal 120(544) (2010), 393–413.
Mortensen, D. T., and C. A. Pissarides, “Job Creation and Job Destruction in the Theory of Unemployment,” Review of Economic Studies 61(3) (1994), 397–415.
Mountford, A., and H. Uhlig, “What are the Effects of Fiscal Policy Shocks?” Journal of Applied Econometrics 24(6) (2009), 960–92.
Nakajima, T., “Unemployment and Indeterminacy,” Journal of Economic Theory 126(1) (2006), 314–27.
Pappa, E., “The Effects of Fiscal Shocks on Employment and the Real Wage,” International Economic Review 50(1) (2009), 217–44.
- Ramey, V. A., “Can Government Purchases Stimulate the Economy?” Journal of Economic Literature 49(3) (2011b), 673–85.
Paper not yet in RePEc: Add citation now
- Ramey, V. A., “Identifying Government Spending Shocks: It's All in the Timing,” Quarterly Journal of Economics 126(1) (2011a), 1–50.
Paper not yet in RePEc: Add citation now
Ramey, V. A., and S. Zubairy, “Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data,” Journal of Political Economy 126(2) (2018), 850–901.
Ravn, M. O., and S. Simonelli, “Labor Market Dynamics and the Business Cycle: Structural Evidence for the United States,” Scandinavian Journal of Economics 109(4) (2007), 743–77.
Ravn, M. O., S. Simonelli, and V. Sterk, “Job Uncertainty and Deep Recessions,” Journal of Monetary Economics 90 (2017), 125–41.
Rendahl, P., “Fiscal Policy in an Unemployment Crisis,” Review of Economic Studies 83(3) (2016), 1189–224.
Rogerson, R., “Indivisible Labor, Lotteries and Equilibrium,” Journal of Monetary Economics 21(1) (1988), 3–16.
- Romer, C., and J. Bernstein, “The Job Impact of the American Recovery and Reinvestment Plan,” Obama‐Biden Transition Project, Washington, DC, 2009.
Paper not yet in RePEc: Add citation now
Shapiro, C., and J. E. Stiglitz, “Equilibrium Unemployment as a Worker Discipline Device,” American Economic Review 74(3) (1984), 433–44.
Sims, E., and J. Wolff, “The Output and Welfare Effects of Government Spending Shocks over the Business Cycle,” International Economic Review 59(3) (2018), 1403–35.
Smets, F., and R. Wouters, “Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach,” American Economic Review 97(3) (2007), 586–606.
Solow, R. M., “Another Possible Source of Wage Stickiness,” Journal of Macroeconomics 1(1) (1979), 79–82.
Stephens, M., Jr, “Job Loss Expectations, Realizations, and Household Consumption Behavior,” Review of Economics and Statistics 86(1) (2004), 253–69.
- Stephens, M., Jr, “The Long‐Run Consumption Effects of Earnings Shocks,” Review of Economics and Statistics 83(1) (2001), 28–36.
Paper not yet in RePEc: Add citation now
Uhlig, H., “Some Fiscal Calculus,” American Economic Review: Papers & Proceedings 100(2) (2010), 30–34.
Woodford, M., “Simple Analytics of the Government Expenditure Multiplier,” American Economic Journal: Macroeconomics 3(1) (2011), 1–35.
- Woodford, M., Interest and Prices: Foundations of a Theory of Monetary Policy (Princeton and Oxford: Princeton University Press, 2003).
Paper not yet in RePEc: Add citation now
Yun, T., “Nominal Price Rigidity, Money Supply Endogeneity, and Business Cycles,” Journal of Monetary Economics 37(2) (1996), 345–70.
Zubairy, S., “On Fiscal Multipliers: Estimates from a Medium Scale DSGE Model,” International Economic Review 55(1) (2014), 169–95.