We characterize optimal unconventional monetary and fiscal-financial policies against
supply-and demand-driven liquidity traps within a tractable New Keynesian model featuring …

Monetary and fiscal-led equilibria in New Keynesian models (Leeper, 1991) are extreme
regimes. A realistic model of monetary and fiscal policy interaction should allow for …

Gegenstand der vorliegenden Analyse ist die Frage, wie Lohn-Preis-Spiralen die
makroökonomische Stabilität und Inflationsentwicklung in Deutschland beeinflussen und in …

Abstract The European Central Bank and the Federal Reserve introduced new policy
instruments and made changes to their operational frameworks to address the global …

The European Central Bank and the Federal Reserve introduced new policy instruments
and made changes to their operational frameworks to address the global financial crisis …

We investigate the empirical implications of myopic behaviour within an estimated medium-
scale macroeconomic DSGE model. Our analysis provides a comprehensive and agnostic …

This paper estimates a three-region structural macroeconomic model to analyse the main
drivers of GDP, inflation, and wage growth through the COVID-19 pandemic and recovery …

The paper discusses the relevance of incorporating risk perception assessment into the
analysis of the impact of climate change on the societal dimension of national security. The …