Search Results - "Ilzetzki, Ethan"

Exchange Arrangements Entering the Twenty-First Century: Which Anchor will Hold? by Ilzetzki, Ethan, Reinhart, Carmen M, Rogoff, Kenneth S

“…Abstract This article provides a comprehensive history of anchor or reference currencies, exchange rate arrangements, and a new measure of foreign exchange…”
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Tax reform and the political economy of the tax base by Ilzetzki, Ethan

“…This paper studies the political prospects for reform in a model where the tax base and statutory rate are separate instruments of tax policy. The model…”
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Kosher Pork by Drazen, Allan, Ilzetzki, Ethan

“…There are two common views of pork barrel spending. One is that pork barrel spending benefits special interests at the expense of social welfare, hence…”
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The puzzling change in the international transmission of U.S. macroeconomic policy shocks by Ilzetzki, Ethan, Jin, Keyu

“…We demonstrate a dramatic change over time in the international transmission of US monetary policy shocks. International spillovers from US interest rate…”
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Rent-seeking distortions and fiscal procyclicality by Ilzetzki, Ethan

“…Recent research has demonstrated that while government expenditures are countercyclical in most industrialized countries, they tend to be procyclical in…”
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The Effect of House Prices on Household Borrowing: A New Approach by Cloyne, James, Huber, Kilian, Ilzetzki, Ethan, Kleven, Henrik

“…We investigate the effect of house prices on household borrowing using administrative mortgage data from the United Kingdom and a new empirical approach. The…”
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Fiscal Rules and Market Discipline by Ilzetzki, Ethan, Thysen, Heidi Christina

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How big (small?) are fiscal multipliers? by Ilzetzki, Ethan, Mendoza, Enrique G., Végh, Carlos A.

“…Contributing to the debate on the macroeconomic effects of fiscal stimuli, we show that the impact of government expenditure shocks depends crucially on key…”
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Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches by BEST, MICHAEL CARLOS, CLOYNE, JAMES S., ILZETZKI, ETHAN, KLEVEN, HENRIK J.

“…Using a novel source of quasi-experimental variation in interest rates, we develop a new approach to estimating the Elasticity of Intertemporal Substitution…”
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TARGET2 and central bank balance sheets by Whelan, Karl, Westermann, Frank, Ilzetzki, Ethan

“…The eurozone's TARGET2 payments system has featured heavily in academic and popular discussions of the euro crisis. Some of this commentary has described the…”
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Systemic risk, sovereign yields and bank exposures in the euro crisis by Battistini, Niccolò, Pagano, Marco, Simonelli, Saverio, Ilzetzki, Ethan, Zettelmeyer, Jeromin

“…Since 2008, eurozone sovereign yields have diverged sharply, and so have the corresponding credit default swap (CDS) premia. At the same time, banks' sovereign…”
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A surplus of ambition: can Europe rely on large primary surpluses to solve its debt problem? by Eichengreen, Barry, Panizza, Ugo, Ilzetzki, Ethan

“…IMF forecasts and the EU’s Fiscal Compact foresee Europe’s heavily indebted countries running primary budget surpluses of as much as 5 percent of GDP for as…”
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Weak States and Steady States: The Dynamics of Fiscal Capacity by Besley, Timothy, Ilzetzki, Ethan, Persson, Torsten

“…Investments in fiscal capacity—economic institutions for tax compliance—are an important feature of economic development. This paper develops a dynamic model…”
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Why is the euro punching below its weight? by Ilzetzki, Ethan, Reinhart, Carmen M, Rogoff, Kenneth S

“…SUMMARY On the twentieth anniversary of its inception, the euro has yet to expand its role as an international currency. We document this fact with a wide…”
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Will the Secular Decline in Exchange Rate and Inflation Volatility Survive COVID-19? by ILZETZKI, ETHAN, REINHART, CARMEN M., ROGOFF, KENNETH S.

“…Over the twenty-first century, and especially since 2014, global exchange rate volatility has been trending downward, notably among the core G3 currencies…”
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Essays on fiscal policy in developing countries by Ilzetzki, Ethan Oriel

“…Several empirical studies have found that government expenditures are procyclical in developing countries, unlike the countercyclical expenditures observed in…”
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