Publications

April 15, 2013

Optimal fiscal policy

This paper derives and estimates rules for fiscal policy that prescribe the optimal response to changes in unemployment and debt.

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March 7, 2012

The world’s oldest fiscal watchdog: CPB’s analyses foster consensus on economic policy

This paper discusses the world’s oldest fiscal watchdog, CPB Netherlands Bureau for Economic Policy Analysis (CPB)

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March 6, 2012

Sorting and the output loss due to search frictions

The authors analyze a general search model with on-the-job search and sorting of heterogeneous workers into heterogeneous jobs.

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November 10, 2011

The potential of a small model

This CPB Discussion Paper highlights potential uses of simple, small models where large traditional models are less flexible.

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May 23, 2011

Is economic recovery a myth? Robust estimation of impulse responses

An average banking crisis leads to an output loss of up to up to 9 percent, without any recovery within seven years.

March 12, 2008

Rhineland exit

Ford or Volkswagen?