Nonlinear and Uncertainty Effects of Macroeconomics Policies

Luca Sala

Luca Sala
Associated Investigator

April 2020 - October 2023


The aim of the present project is to study the nonlinear effects of monetary and fiscal policy by using a simple extension of standard VAR methods. In particular, we shall focus on four key policy issues: (1) Are the effects of monetary policy asymmetric? (2) Is the fiscal stimulus more effective during economic downturns? (3) Do monetary and fiscal shocks interact in some way? (4) Does macroeconomic policy uncertainty, and in particular fiscal policy uncertainty, affect economic activity?

PI: Mario Forni, Università degli Studi di Modena e Reggio Emilia

Other Research Unit:

  • Università degli Studi di Torino - Coordinator: Luca Gambetti
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This project has been funded by Ministero dell'Istruzione, dell'Università e della Ricerca under the framework PRIN 2017 - Progetti di ricerca di Rilevante Interesse Nazionale.