4 citations · 4 across the 4 of their papers we have counts for
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econ.GN2020
The public debt multiplier
Alice Albonico, Guido Ascari, Alessandro Gobbi
We study the effects on economic activity of a pure temporary change in government debt and the relationship between the debt multiplier and the level of debt in an overlapping gen…
econ.GN2020
Monetary-fiscal interactions under price level targeting
Guido Ascari, Anna Florio, Alessandro Gobbi
The adoption of a "makeup" strategy is one of the proposals in the ongoing review of the Fed's monetary policy framework. Another suggestion, to avoid the zero lower bound, is a mo…
econ.GN2020
The unbearable lightness of equilibria in a low interest rate environment
Guido Ascari, Sophocles Mavroeidis
Structural models with no solution are incoherent, and those with multiple solutions are incomplete. We show that models with occasionally binding constraints are not generically c…