Details about Sarah Zubairy

Access statistics for papers by Sarah Zubairy.

Last updated 2025-03-15. Update your information in the RePEc Author Service.

Short-id: pzu31

Working Papers

2023

1. Do Government Spending Multipliers Depend on the Sign of the Shock?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
   See also Journal Article Do Government Spending Multipliers Depend on the Sign of the Shock?, AEA Papers and Proceedings, American Economic Association (2023) View citations (4) (2023)
2. Innovation During Challenging Times
   The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics

2022

3. Public Pension Reforms and Retirement Decisions: Narrative Evidence and Aggregate Implications
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Public Pension Reforms and Retirement Decisions: Narrative Evidence and Aggregate Implications, American Economic Journal: Economic Policy, American Economic Association (2023) View citations (1) (2023)
4. State Dependent Government Spending Multipliers: Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (19)
   Also in Working Papers, Texas A&M University, Department of Economics (2021) View citations (13)
   See also Journal Article State-Dependent Government Spending Multipliers: Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations, American Economic Journal: Macroeconomics, American Economic Association (2025) (2025)

2021

5. Business Cycle Implications of Firm Market Power in Labor and Product Markets
   Working Papers, Texas A&M University, Department of Economics
6. Household Debt and the Effects of Fiscal Policy
   Working Papers, Texas A&M University, Department of Economics View citations (3)

2020

7. Homeownership and Housing Transitions: Explaining the Demographic Composition
   Departmental Working Papers, Department of Economics, Louisiana State University
   See also Journal Article HOMEOWNERSHIP AND HOUSING TRANSITIONS: EXPLAINING THE DEMOGRAPHIC COMPOSITION, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2021) View citations (4) (2021)
8. Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications
   Research Working Paper, Federal Reserve Bank of Kansas City View citations (1)

2019

9. State dependence of monetary policy across business, credit and interest rate cycles
   Bank of Finland Research Discussion Papers, Bank of Finland View citations (1)
   Also in Working Paper, Norges Bank (2019) View citations (14)
   See also Journal Article State dependence of monetary policy across business, credit and interest rate cycles, European Economic Review, Elsevier (2021) View citations (25) (2021)

2017

10. Debt and Stabilization Policy: Evidence from a Euro Area FAVAR
    Working Papers, Federal Reserve Bank of St. Louis View citations (1)
    See also Journal Article Debt and stabilization policy: Evidence from a Euro Area FAVAR, Journal of Economic Dynamics and Control, Elsevier (2018) View citations (3) (2018)

2016

11. Propagation Mechanisms for Government Spending Shocks: A Bayesian Comparison
    Departmental Working Papers, Southern Methodist University, Department of Economics View citations (18)
    Also in EcoMod2015, EcoMod (2015)
    See also Journal Article Propagation Mechanisms for Government Spending Shocks: A Bayesian Comparison, Journal of Money, Credit and Banking, Blackwell Publishing (2018) View citations (7) (2018)

2014

12. Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy?
    Staff Working Papers, Bank of Canada View citations (22)
    See also Journal Article Addressing household indebtedness: Monetary, fiscal or macroprudential policy?, European Economic Review, Elsevier (2017) View citations (85) (2017)
13. Government Spending Multipliers in Good Times and in Bad: Evidence from U.S. Historical Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (161)
    See also Journal Article Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data, Journal of Political Economy, University of Chicago Press (2018) View citations (838) (2018)

2013

14. Are Government Spending Multipliers Greater During Periods of Slack? Evidence from 20th Century Historical Data
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (370)
    Also in Working Papers, Federal Reserve Bank of St. Louis (2013) View citations (331)
15. Are Government Spending Multipliers State Dependent? Evidence from U.S. and Canadian Historical Data
    2013 Meeting Papers, Society for Economic Dynamics View citations (253)
16. Housing and Tax Policy
    Staff Working Papers, Bank of Canada View citations (5)
    See also Journal Article Housing and Tax Policy, Journal of Money, Credit and Banking, Blackwell Publishing (2016) View citations (36) (2016)

2011

17. What is the Importance of Monetary and Fiscal Shocks in Explaining US Macroeconomic Fluctuations?
    Working Papers, Duke University, Department of Economics View citations (100)
    See also Journal Article What Is the Importance of Monetary and Fiscal Shocks in Explaining U.S. Macroeconomic Fluctuations?, Journal of Money, Credit and Banking, Blackwell Publishing (2011) View citations (32) (2011)

2010

18. Deep Habits, Nominal Rigidities and Interest Rate Rules
    MPRA Paper, University Library of Munich, Germany View citations (4)
19. Explaining the Effects of Government Spending Shocks
    MPRA Paper, University Library of Munich, Germany View citations (10)
20. On Fiscal Multipliers: Estimates from a Medium Scale DSGE Model
    Staff Working Papers, Bank of Canada View citations (35)
    See also Journal Article ON FISCAL MULTIPLIERS: ESTIMATES FROM A MEDIUM SCALE DSGE MODEL, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2014) View citations (38) (2014)

2009

21. Who benefits from increased government spending? a state-level analysis
    Working Papers, Federal Reserve Bank of St. Louis View citations (7)
    See also Journal Article Who benefits from increased government spending? A state-level analysis, Regional Science and Urban Economics, Elsevier (2013) View citations (19) (2013)

Journal Articles

2025

1. State-Dependent Government Spending Multipliers: Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations
   American Economic Journal: Macroeconomics, 2025, 17, (1), 379-413
   See also Working Paper State Dependent Government Spending Multipliers: Downward Nominal Wage Rigidity and Sources of Business Cycle Fluctuations, NBER Working Papers (2022) View citations (19) (2022)

2023

2. Do Government Spending Multipliers Depend on the Sign of the Shock?
   AEA Papers and Proceedings, 2023, 113, 382-87 View citations (4)
   See also Working Paper Do Government Spending Multipliers Depend on the Sign of the Shock?, NBER Working Papers (2023) View citations (4) (2023)
3. Public Pension Reforms and Retirement Decisions: Narrative Evidence and Aggregate Implications
   American Economic Journal: Economic Policy, 2023, 15, (4), 142-82 View citations (1)
   See also Working Paper Public Pension Reforms and Retirement Decisions: Narrative Evidence and Aggregate Implications, NBER Working Papers (2022) (2022)

2021

4. HOMEOWNERSHIP AND HOUSING TRANSITIONS: EXPLAINING THE DEMOGRAPHIC COMPOSITION
   International Economic Review, 2021, 62, (2), 599-638 View citations (4)
   See also Working Paper Homeownership and Housing Transitions: Explaining the Demographic Composition, Departmental Working Papers (2020) (2020)
5. State dependence of monetary policy across business, credit and interest rate cycles
   European Economic Review, 2021, 140, (C) View citations (25)
   See also Working Paper State dependence of monetary policy across business, credit and interest rate cycles, Bank of Finland Research Discussion Papers (2019) View citations (1) (2019)

2019

6. Household Debt Overhang and Transmission of Monetary Policy
   Journal of Money, Credit and Banking, 2019, 51, (5), 1265-1307 View citations (59)
7. Implementation Delays in Pension Retrenchment Reforms
   Economic Review, 2019, (Q II), 53-70 View citations (1)

2018

8. Debt and stabilization policy: Evidence from a Euro Area FAVAR
   Journal of Economic Dynamics and Control, 2018, 93, (C), 67-91 View citations (3)
   See also Working Paper Debt and Stabilization Policy: Evidence from a Euro Area FAVAR, Working Papers (2017) View citations (1) (2017)
9. Government Spending Multipliers in Good Times and in Bad: Evidence from US Historical Data
   Journal of Political Economy, 2018, 126, (2), 850 - 901 View citations (838)
   See also Working Paper Government Spending Multipliers in Good Times and in Bad: Evidence from U.S. Historical Data, NBER Working Papers (2014) View citations (161) (2014)
10. Propagation Mechanisms for Government Spending Shocks: A Bayesian Comparison
    Journal of Money, Credit and Banking, 2018, 50, (7), 1571-1616 View citations (7)
    See also Working Paper Propagation Mechanisms for Government Spending Shocks: A Bayesian Comparison, Departmental Working Papers (2016) View citations (18) (2016)

2017

11. Addressing household indebtedness: Monetary, fiscal or macroprudential policy?
    European Economic Review, 2017, 92, (C), 47-73 View citations (85)
    See also Working Paper Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy?, Staff Working Papers (2014) View citations (22) (2014)

2016

12. Housing and Tax Policy
    Journal of Money, Credit and Banking, 2016, 48, (2-3), 485-512 View citations (36)
    See also Working Paper Housing and Tax Policy, Staff Working Papers (2013) View citations (5) (2013)

2014

13. INTEREST RATE RULES AND EQUILIBRIUM STABILITY UNDER DEEP HABITS
    Macroeconomic Dynamics, 2014, 18, (1), 23-40 View citations (14)
14. ON FISCAL MULTIPLIERS: ESTIMATES FROM A MEDIUM SCALE DSGE MODEL
    International Economic Review, 2014, 55, (1), 169-195 View citations (38)
    See also Working Paper On Fiscal Multipliers: Estimates from a Medium Scale DSGE Model, Staff Working Papers (2010) View citations (35) (2010)

2013

15. Are Government Spending Multipliers Greater during Periods of Slack? Evidence from Twentieth-Century Historical Data
    American Economic Review, 2013, 103, (3), 129-34 View citations (353)
16. Who benefits from increased government spending? A state-level analysis
    Regional Science and Urban Economics, 2013, 43, (3), 445-464 View citations (19)
    See also Working Paper Who benefits from increased government spending? a state-level analysis, Working Papers (2009) View citations (7) (2009)

2011

17. What Is the Importance of Monetary and Fiscal Shocks in Explaining U.S. Macroeconomic Fluctuations?
    Journal of Money, Credit and Banking, 2011, 43, (6), 1247-1270 View citations (32)
    Also in Journal of Money, Credit and Banking, 2011, 43, (6), 1247-1270 (2011) View citations (91)
    See also Working Paper What is the Importance of Monetary and Fiscal Shocks in Explaining US Macroeconomic Fluctuations?, Working Papers (2011) View citations (100) (2011)

2008

18. A primer on the empirical identification of government spending shocks
    Review, 2008, 90, (Mar), 117-132 View citations (9)