Volker Wieland is professor of monetary theory and policy at Goethe University of Frankfurt and the Willem Duisenberg Research Fellow at the European Central Bank.
Government transfers and rebates were just pebbles in a pond. Private-sector resilience made the real waves. By John F. Cogan, John B. Taylor, and Volker Wieland.
Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. We find that the models currently being used to evaluate fiscal policy stimulus proposals are weak.
