This paper shows that New Keynesian models with frictionless labor supply cannot simultaneously match three well-established empirical facts -- high marginal propensities to consume, low marginal …
Online FirstReview of Economic StudiesOnline 3 Jun 2026
This paper reports on the MOBIS experiment, a large-scale randomized controlled trial (RCT) implementing a multi-modal Pigovian transport pricing scheme in urban areas of German- and French-speaking …
This paper by Karel Mertens and Morten Ravn (AER 2013) estimates the dynamic effects of U.S. federal personal and corporate income tax changes using a new estimator that treats narratively identified …