Francesco Grigoli

TL;DR: In this article, the effects of demand shocks allowing for cross-country heterogeneous dynamics, and exploit such heterogeneity to investigate what institutional settings have the potential to soften or amplify the effects from demand shocks.

TL;DR: The authors analyzes the composition of public expenditure in the Slovak Republic and assesses the relative efficiency of spending in education and health, concluding that the recent increases in expenditure levels have not improved outcomes, suggesting that significant budgetary savings could be achieved through increases in efficiency.

TL;DR: In this article, the authors test empirically whether more optimistic or pessimistic potential output forecasts trigger short-term fluctuations in private consumption and investment and find that private economic agents learn from different sources of in-formation about future potential output growth, and adjust their current demand accordingly over the two years following the shock in expectations.

TL;DR: In this article, the authors investigated the pass-through of monetary policy rates to retail rates and explored asymmetries in the adjustment process, and found evidence of complete passthrough to retail rate, confirming the effectiveness of the monetary policy transmission mechanism.

TL;DR: This article examined the lessons and legacies of the crisis by addressing the following questions, among others: How much did the 2009 fiscal stimulus help growth? What shortcomings were revealed in the fiscal policy frameworks? What institutional reforms are now needed to provide enduring anchors for fiscal policy? How much rebuilding of buffers is needed going forward?