Acharya, V. V., Drechsler, I., and Schnabl, P. (2011). A Pyrrhic Victory? - Bank Bailouts and Sovereign Credit Risk. NBER Working Papers 17136, National Bureau of Economic Research, Inc.
Al-Eyd, A. J. and Berkmen, P. (2013). Fragmentation and Monetary Policy in the Euro Area. IMF Working Papers 13/208, International Monetary Fund.
Almeida, V., Castro, G., F elix, R. M., and Maria, J. R. (2013). Fiscal Consolidation in a Small Euro-Area Economy. International Journal of Central Banking, 9(4):1–38.
Auerbach, A. J. and Gorodnichenko, Y. (2012). Measuring the Output Responses to Fiscal Policy. American Economic Journal: Economic Policy, 4(2):1–27.
- Bedendo, M. and Colla, P. (2013). Sovereign and corporate credit risk: Spillover effects in the Eurozone. Unpublished manuscript, Universit` a Bocconi.
Paper not yet in RePEc: Add citation now
Bentolila, S., Jansen, M., Jim enez, G., and Ruano, S. (2013). When Credit Dries Up: Job Losses in the Great Recession. IZA Discussion Papers 7807, Institute for the Study of Labor (IZA).
Bernanke, B. S., Gertler, M., and Gilchrist, S. (1999). The financial accelerator in a quantitative business cycle framework. In Taylor, J. B. and Woodford, M., editors, Handbook of Macroeconomics, volume 1, Part 3, pages 1341 – 1393. Elsevier.
- Bewley, T. (1999). Why Wages Don’t Fall During A Recession. Harvard University Press.
Paper not yet in RePEc: Add citation now
Bewley, T. F. (1998). Why Not Cut Pay? European Economic Review, 42(3-5):459–490.
Bhattarai, S., Eggertsson, G., and Schoenle, R. (2014). Is Increased Price Flexibility Stabilizing? Redux. Working Paper 19886, National Bureau of Economic Research.
Blanchard, O. J. and Leigh, D. (2013). Growth Forecast Errors and Fiscal Multipliers. American Economic Review, 103(3):117–20.
Bofondi, M., Carpinelli, L., and Sette, E. (2013). Credit supply during a sovereign debt crisis. Temi di discussione (Economic Working Papers) 909, Bank of Italy, Economic Research and International Relations Area.
Broda, C. and Parker, J. A. (2014). The Economic Stimulus Payments of 2008 and the Aggregate Demand for Consumption. NBER Working Paper 20122, National Bureau of Economic Research, Inc.
- CÅ“ur e, B. (2013). Outright Monetary Transactions, one year on. Keynote Address at the conference “The ECB and its OMT Programmeâ€.
Paper not yet in RePEc: Add citation now
Callegari, G., Melina, G., and Batini, N. (2012). Successful Austerity in the United States, Europe and Japan. IMF Working Papers 12/190, International Monetary Fund.
Carrillo, J. A. and Poilly, C. (2013). How do financial frictions affect the spending multiplier during a liquidity trap? Review of Economic Dynamics, 16(2):296–311.
Christiano, L., Rostagno, M., and Motto, R. (2010). Financial factors in economic fluctuations.
Christoffel, K., Coenen, G., and Warne, A. (2008). The New Area-Wide Model of the euro area: A micro-founded open-economy model for forecasting and policy analysis. Working Paper Series 944, European Central Bank.
Coenen, G., McAdam, P., and Straub, R. (2008). Tax reform and labour-market performance in the euro area: A simulation-based analysis using the New Area-Wide Model.
Cottarelli, C. and Jaramillo, L. (2012). Walking Hand in Hand: Fiscal Policy and Growth in Advanced Economies. IMF Working Papers 12/137, International Monetary Fund.
De Marco, F. (2013). Bank lending and the sovereign debt crisis. Boston College. Available at https://www2.bc.edu/filippo-de-marco/DeMarco SovCrisis.pdf.
Denes, M., Eggertsson, G. B., and Gilbukh, S. (2013). Deficits, Public Debt Dynamics and Tax and Spending Multipliers. The Economic Journal, 123(566):F133–F163.
Eggertsson, G. B. and Krugman, P. (2012). Debt, Deleveraging, and the Liquidity Trap: A Fisher-Minsky-Koo Approach. The Quarterly Journal of Economics, 127(3):1469– 1513.
Erceg, C. J. and Lind e, J. (2013). Fiscal consolidation in a currency union: Spending cuts vs. tax hikes. Journal of Economic Dynamics and Control, 37(2):422–445.
- European Commission (2012a). European Economic Forecast. Autumn 2012.
Paper not yet in RePEc: Add citation now
- European Commission (2012b). European Economic Forecast. Spring 2012.
Paper not yet in RePEc: Add citation now
Fabiani, S., Galuscak, K., Kwapil, C., Lamo, A., and Rˆ oˆ om, T. (2010). Wage rigidities and labor market adjustment in Europe. Journal of the European Economic Association, 8(2-3):497–505.
Fabiani, S., Lamo, A., Messina, J., and Room, T. (2015). European firm adjustment during times of economic crisis. Working Paper Series 1778, European Central Bank.
Freedman, C., Kumhof, M., Laxton, D., Muir, D., and Mursula, S. (2010). Global effects of fiscal stimulus during the crisis. Journal of Monetary Economics, 57(5):506–526.
Garicano, L. and Steinwender, C. (2013). Survive Another Day: Does Uncertain Financing Affect the Composition of Investment? Technical Report No 1188, CEP Discussion Paper.
Gechert, S. and Rannenberg, A. (2014). Are Fiscal Multipliers Regime-Dependent? A Meta Regression Analysis. IMK Working Paper 139-2014, IMK at the Hans B ockler Foundation, Macroeconomic Policy Institute.
- Gechert, S., Hughes-Hallett, A., and Rannenberg, A. (2015). Fiscal multipliers in downturns and the effects of Eurozone consolidation. Technical Report Policy Insight No. 79, Centre for Economic Policy Research (CEPR).
Paper not yet in RePEc: Add citation now
Gelain, P. and Kulikov, D. (2011). An Estimated Dynamic Stochastic General Equilibrium Model with Financial Frictions for Estonia. Eastern European Economics, 49(5):97–120.
Holland, D. and Portes, J. (2012). Self-Defeating Austerity? National Institute Economic Review, 222(1):F4–F10.
- in ’t Veld, J. (2013). Fiscal consolidations and spillovers in the euro area periphery and core. European Economy - Economic Papers 506, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
Paper not yet in RePEc: Add citation now
Kumhof, M. and Laxton, D. (2013). Fiscal deficits and current account deficits. Journal of Economic Dynamics and Control, 37(10):2062–2082.
Kumhof, M., Laxton, D., Muir, D., and Mursula, S. (2010). The Global Integrated Monetary and Fiscal Model (GIMF) - Theoretical Structure. IMF Working Papers 10/34, International Monetary Fund.
Laubach, T. (2010). Fiscal Policy and Interest Rates: The Role of Sovereign Default Risk. In NBER International Seminar on Macroeconomics 2010, NBER Chapters, pages 7–29. National Bureau of Economic Research.
- Lemke, W. and Vladu, A. L. (2014). A shadow-rate term structure model for the euro area. Available at https://www.ecb.europa.eu/events/pdf/conferences/140908/ lemke vladu.pdf?68b4093d2247e1d0ff5159d1b7b0347b.
Paper not yet in RePEc: Add citation now
- Lewis, C. and Pain, N. (2015). Lessons from OECD forecasting during and after the financial crisis. OECD Journal: Economic Studies, 2014(1):9–39.
Paper not yet in RePEc: Add citation now
- OECD (2012). OECD Economic Outlook 92, General Assessment of the Macroeconomic Situation.
Paper not yet in RePEc: Add citation now
Queijo von Heideken, V. (2009). How Important are Financial Frictions in the United States and the Euro Area? Scandinavian Journal of Economics, 111(3):567–596.
Ratto, M., Roeger, W., and in ’t Veld, J. (2009). QUEST III: An estimated open-economy DSGE model of the euro area with fiscal and monetary policy. Economic Modelling, 26(1):222–233.
Rawdanowicz, L., Wurzel, E., and Christensen, A. K. (2013). The equity implications of fiscal consolidation. OECD Economics Department Working Papers 1013, OECD Publishing.
Schoder, C. (2014). The fundamentals of sovereign debt sustainability: Evidence from 15 OECD countries. Empirica, 41(2):247–271.
Smets, F. and Wouters, R. (2003). An Estimated Dynamic Stochastic General Equilibrium Model of the Euro Area. Journal of the European Economic Association, 1(5):1123–1175.
St ahler, N. and Thomas, C. (2012). FiMod - A DSGE model for fiscal policy simulations. Economic Modelling, 29(2):239–261.