RESEARCH
Publications:
“Non-Linearities in Fiscal Policy: The Role of Debt”, forthcoming European Economic Review
(IMF WP 20/246 Version); Previously distributed as: Non-Linearities and Fiscal Policy (EUI WP series)
“The Fiscal State-Dependent Effects of Capital Income Tax Cuts”, with Wenyi Shen and Shu-Chun S. Yang, Journal of Economic Dynamics and Control (JEDC Version)
Working Papers:
“Shared Problem, Shared Solution: Benefits from Fiscal-Monetary Interactions in the Euro Area”, with Robert Beyer, Rupa Duttagupta, Keiko Honjo, Mark Horton, Zoltan Jakab, Vina Nguyen, Rafael Portillo, Jesper Linde, Nujin Suphaphiphat, and Li Zeng (IMF WP 23/149 Version)
Coverage: Isabel Schnabel (Member of the ECB's Executive Board), Speech on "The risks of stubborn inflation", 2023;
Alfred Kammer (IMF Director, European Department), Speech on "Working in concert to defeat inflation", 2023
“Contagion as a Dealmaker? The effect of financial spillovers on regional lending programs”, with Alica Bonk and George Manalis, 2022 (IMF WP 22/133 Version)
“Fiscal Rules and Fiscal Councils: Recent Trends and Performance during the COVID-19 Pandemic”, with Hamid Davoodi, Paul Elger, Daniel Garcia-Macia, Xuehui Han, Andresa Lagerborg, Raphael Lam, and Paulo Medas (IMF WP 22/11 Version)
Coverage: IMF Blog
Datasets and visualization tool:
Fiscal Rules dataset “Fiscal Rules Dataset: 1985-2021”, with Hamid Davoodi, Paul Elger, Daniel Garcia-Macia, Andresa Lagerborg, Raphael Lam, and Sharanya Pillai (Technical Manual)
Fiscal Councils dataset “Fiscal Councils Dataset: The 2021 Update”, with Hamid Davoodi, Paul Elger, Daniel Garcia-Macia, Andresa Lagerborg, Raphael Lam, and Sharanya Pillai (Technical Manual)
“Smart Containment: Lessons from Countries with Past Experience”, with Andresa Lagerborg (IMF WP 21/99 Version); (CEPR COVID Economics issue 74)
Policy Contribution: Fiscal Monitor Chapter 1 Online Annex 1.2.
“Designing the Covid-19 fiscal response: Did country pre-crisis conditions matter?”, with Andresa Lagerborg (forthcoming IMF WP Version)
“Fiscal Consolidation Plans in Recessions and Expansions”, mimeo, 2016
“The Country-Heterogeneity of the Fiscal Consolidation Plans: A Bayesian Approach”, mimeo, 2016