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Using data on commercial banks in the United States and Europe, this paper analyses the impact of...

Are uncertainty shocks a major source of business cycle fluctuations? This paper studies...

The strong US policy response to the 2008-09 financial crisis raised concerns about its impact...

I carry out a business cycle accounting exercise (Chari, Kehoe and McGrattan, 2007) on the ...

This paper assesses the macroeconomic and distributional impact of personal income tax (PIT)...

It has been over a decade since the peak of house prices in the US was attained, and while ...