Session 5 - Are fiscal transfers inflationary?

Session 5 - Are fiscal transfers inflationary?

Session 5 Chair: Günter Coenen, European Central Bank Are fiscal transfers inflationary? Jonas E. Arias, Federal Reserve Bank of Philadelphia Juan F. Rubio-Ramírez*, Emory University and Federal Reserve Bank of Atlanta Minchul Shin, Federal Reserve Bank of Philadelphia Discussant: Leonardo Melosi, European University Institute