Details about Karel Mertens

Access statistics for papers by Karel Mertens.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: pme280

Working Papers

2023

1. Dynamic Identification Using System Projections on Instrumental Variables
   Working Papers, Federal Reserve Bank of Dallas

2022

2. A Robust Test for Weak Instruments with Multiple Endogenous Regressors
   Staff Reports, Federal Reserve Bank of New York View citations (2)
   Also in Working Papers, Federal Reserve Bank of Dallas (2022) View citations (2)
3. Work from Home Before and After the COVID-19 Outbreak
   Working Papers, Federal Reserve Bank of St. Louis View citations (12)
   Also in Working Papers, Federal Reserve Bank of Dallas (2021) View citations (66)
   CEPR Discussion Papers, C.E.P.R. Discussion Papers (2022) View citations (88)

2021

4. Measuring Real Activity Using a Weekly Economic Index
   Working Papers, Federal Reserve Bank of Dallas View citations (23)
   Also in Staff Reports, Federal Reserve Bank of New York (2020) View citations (31)

2020

5. Distributional Considerations for Monetary Policy Strategy
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (7)
6. Do Monetary Policy Announcements Shift Household Expectations?
   Working Papers, Federal Reserve Bank of Dallas View citations (19)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2020) View citations (21)
   Staff Reports, Federal Reserve Bank of New York (2019) View citations (10)
7. High Frequency Data and a Weekly Economic Index during the Pandemic
   Staff Reports, Federal Reserve Bank of New York View citations (2)
8. Mobility and Engagement Following the SARS-Cov-2 Outbreak
   Working Papers, Federal Reserve Bank of Dallas View citations (9)
9. Monitoring Real Activity in Real Time: The Weekly Economic Index
   Liberty Street Economics, Federal Reserve Bank of New York View citations (8)
10. Tracking the COVID-19 Economy with the Weekly Economic Index (WEI)
    Liberty Street Economics, Federal Reserve Bank of New York View citations (2)
11. U.S. Economic Activity During the Early Weeks of the SARS-Cov-2 Outbreak
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (50)

2018

12. The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply to Jentsch and Lunsford
    Working Papers, Federal Reserve Bank of Dallas View citations (8)
13. The Near Term Growth Impact of the Tax Cuts and Jobs Act
    Working Papers, Federal Reserve Bank of Dallas View citations (6)

2017

14. A Narrative Analysis of Mortgage Asset Purchases by Federal Agencies
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
15. The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar US Housing Credit Policy
    Discussion Papers, Centre for Macroeconomics (CFM) View citations (14)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (11)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (8)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (12)
    See also Journal Article in The Quarterly Journal of Economics (2018)

2015

16. Marginal Tax Rates and Income: New Time Series Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (10)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (11)
    See also Journal Article in The Quarterly Journal of Economics (2018)

2013

17. Marginal Tax Rates and Reported Incomes: New Time Series Evidence
    2013 Meeting Papers, Society for Economic Dynamics View citations (4)

2012

18. A Reconciliation of SVAR and Narrative Estimates of Tax Multipliers
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (34)
    See also Journal Article in Journal of Monetary Economics (2014)
19. The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States
    2012 Meeting Papers, Society for Economic Dynamics View citations (10)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2011) View citations (8)
    See also Journal Article in American Economic Review (2013)

2011

20. A New Approach to the Estimation of Tax Multipliers
    2011 Meeting Papers, Society for Economic Dynamics
21. Credit Channels in a Liquidity Trap
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (11)
    Also in 2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (10)

2010

22. Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (12)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (46)
    Working Paper Research, National Bank of Belgium (2009) View citations (21)
    See also Chapter (2010)
    Journal Article in American Economic Journal: Economic Policy (2012)
23. Fiscal Policy in an Expectations Driven Liquidity Trap
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (102)
    See also Journal Article in Review of Economic Studies (2014)
24. Online Appendix to "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks"
    Online Appendices, Review of Economic Dynamics View citations (1)
    See also Journal Article in Review of Economic Dynamics (2011)
25. Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)
    See also Journal Article in NBER International Seminar on Macroeconomics (2011)
    Chapter (2010)

2009

26. Measuring the Impact of Fiscal Policy in the Face of Anticipation: A Structural VAR Approach
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (43)
    See also Journal Article in Economic Journal (2010)
27. Regime Switching Interest Rates and Fluctuations in Emerging Markets
    Economics Working Papers, European University Institute View citations (6)
28. Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (36)
    Also in 2009 Meeting Papers, Society for Economic Dynamics (2009) View citations (24)
    See also Journal Article in Review of Economic Dynamics (2011)

2008

29. Business cycle analysis and VARMA models
    Working Paper, Norges Bank View citations (2)
    Also in Economics Working Papers, European University Institute (2006) View citations (1)
    See also Journal Article in Journal of Economic Dynamics and Control (2009)
30. The Aggregate Effects of Anticipated and Unanticipated U.S. Tax Policy Shocks: Theory and Empirical Evidence
    Economics Working Papers, European University Institute View citations (26)
    Also in 2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (22)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) View citations (18)

2007

31. The Role of Expectations in Sudden Stops
    Working Papers, Cornell University, Center for Analytic Economics View citations (2)

2006

32. How the Removal of Deposit Rate Ceilings Has Changed Monetary Transmission in the US: Theory and Evidence
    Economics Working Papers, European University Institute View citations (5)

Journal Articles

2019

1. State-level implications of federal tax policies: Comments
   Journal of Monetary Economics, 2019, 105, (C), 91-93 View citations (1)
2. The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply
   American Economic Review, 2019, 109, (7), 2679-91 View citations (23)

2018

3. Marginal Tax Rates and Income: New Time Series Evidence*
   The Quarterly Journal of Economics, 2018, 133, (4), 1803-1884 View citations (97)
   See also Working Paper (2015)
4. The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar U.S. Housing Credit Policy
   The Quarterly Journal of Economics, 2018, 133, (3), 1503-1560 View citations (34)
   See also Working Paper (2017)

2014

5. A reconciliation of SVAR and narrative estimates of tax multipliers
   Journal of Monetary Economics, 2014, 68, (S), S1-S19 View citations (133)
   See also Working Paper (2012)
6. Fiscal Policy in an Expectations-Driven Liquidity Trap
   Review of Economic Studies, 2014, 81, (4), 1637-1667 View citations (218)
   See also Working Paper (2010)

2013

7. The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States
   American Economic Review, 2013, 103, (4), 1212-47 View citations (723)
   See also Working Paper (2012)

2012

8. Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks
   American Economic Journal: Economic Policy, 2012, 4, (2), 145-81 View citations (251)
   See also Working Paper (2010)
   Chapter (2010)

2011

9. Leverage and the Financial Accelerator in a Liquidity Trap
   American Economic Review, 2011, 101, (3), 413-16 View citations (17)
10. Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks
    NBER International Seminar on Macroeconomics, 2011, 7, (1), 41 - 76 View citations (23)
    See also Chapter (2010)
    Working Paper (2010)
11. The Research Agenda: Karel Mertens and Morten Ravn on Fiscal Policy, Anticipation Effects, Expectations and Crisis
    EconomicDynamics Newsletter, 2011, 12, (2)
12. Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks
    Review of Economic Dynamics, 2011, 14, (1), 27-54 View citations (193)
    See also Working Paper (2009)
    Working Paper (2010)
    Software Item (2010)

2010

13. Measuring the Impact of Fiscal Policy in the Face of Anticipation: A Structural VAR Approach
    Economic Journal, 2010, 120, (544), 393-413 View citations (153)
    See also Working Paper (2009)

2009

14. Business cycle analysis and VARMA models
    Journal of Economic Dynamics and Control, 2009, 33, (2), 267-282 View citations (18)
    See also Working Paper (2008)

2008

15. Deposit rate ceilings and monetary transmission in the US
    Journal of Monetary Economics, 2008, 55, (7), 1290-1302 View citations (25)

Chapters

2010

1. Empirical Evidence on the Aggregate Effects of Anticipated and Unanticipated US Tax Policy Shocks
   A chapter in Fiscal Policy (Trans-Atlantic Public Economics Seminar, TAPES), 2010, pp 145-181 View citations (6)
   See also Working Paper (2010)
   Journal Article in American Economic Journal: Economic Policy (2012)
2. Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks
   A chapter in NBER International Seminar on Macroeconomics 2010, 2010, pp 41-76 View citations (6)
   See also Working Paper (2010)
   Journal Article in NBER International Seminar on Macroeconomics (2011)

Software Items

2010

1. Code and data files for "Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks"
   Computer Codes, Review of Economic Dynamics
   See also Journal Article in Review of Economic Dynamics (2011)