1 “... measures of monetary policy credibility and then tests if such measures improve the out-of-sample forecasts...”

2 “... and allows us to trace out the effects of shocks to oil prices. The model is estimated with Bayesian...”

3 “... implications if they turn out to be permanent. First, if they occur in large countries they significantly raise...”

4 “...This paper lays out a structural model that incorporates key features of monetary transmission...”

5 “... multipliers of fiscal stimulus measures and long-run crowding-out effects of higher debt. Multipliers of two...”

6 “... public debt, which is crowding out private sector activity. Over the last two decades, there has also...”

7 “... parameters of the model and argue that under plausible assumptions there will be significant crowding-out...”

8 “... is widespread that countercyclical policies have run out of space or lack the power to raise growth or deal...”

9 “... existing empirical models in forecasting oil prices and oil output out of sample. Its point forecast...”