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Latest posts
Last updated 3 days ago
Public debt, iMPCs & fiscal policy transmission
3 days ago
This paper investigates the relationship between public debt and the effectiveness of...
Nonlinearities and heterogeneity in firms response to aggregate fluctuations: what can we learn from machine learning?
3 days ago
Firms respond heterogeneously to aggregate fluctuations, yet standard linear models impose restrictive...
Geography versus income: the heterogeneous effects of carbon taxation
10 days ago
The distributive effects of carbon taxation are critical for its political acceptability...
Opening the black box of local projections
10 days ago
Local projections (LPs) are widely used in empirical macroeconomics to estimate impulse...
Central bank communication with non-experts: insights from a randomized field experiment
11 days ago
We would like to thank Philipp Lane, Klaus Adam, Michael Ehrmann, Christophe...
The macroeconomic impact of trade policy: a new identification approach
12 days ago
This paper examines the effects of trade policy shocks on the US...
Heterogeneous intermediaries in the transmission of central bank corporate bond purchases
16 days ago
This paper studies the role of financial intermediaries in the transmission of...
How to conduct joint Bayesian inference in VAR models?
17 days ago
When economic analysis requires simultaneous inference across multiple variables and time horizons...
Unlocking growth? EU investment programmes and firm performance
18 days ago
This study evaluates the effectiveness of EU Cohesion Policy as an investment...
The cost channel of monetary policy: evidence from euro area firm-level survey data
23 days ago
This paper explores empirically the cost channel of monetary policy transmission during...
Private investment, R&D and European Structural and Investment Funds: crowding-in or crowding-out?
23 days ago
We employ a novel regional dataset on European private investment and business...
Collateral and credit
24 days ago
This paper studies the role of collateral using the euro area corporate...