Mr. Roberto Cardarelli

A Simple Macrofiscal Model for Policy Analysis: An Application to Morocco

The paper describes a semistructural macrofiscal approach to simulating and forecasting macroeconomic policies. The model focuses on only a few variab...

U.S. Total Factor Productivity Slowdown

Evidence from the U.S. States

Total factor productivity (TFP) growth began slowing in the United States in the mid-2000s, before the Great Recession. To many, the main culprit is t...