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Reforming the EU Fiscal Framework:Strengthening the Fiscal Rules and Institutions

Author/Editor: Nathaniel G Arnold, Ravi Balakrishnan, Bergljot B Barkbu, Hamid R Davoodi, Andresa Lagerborg, Waikei R Lam, Paulo A Medas, Julia Otten, Louise Rabier, Christiane Roehler, Asghar Shahmoradi, Mariano Spector, Sebastian Weber, Jeromin Zettelmeyer.

Release Date:September, 2022

The EU's fiscal framework needs reform. While existing fiscal rules have had some impact in constraining deficits, they did not prevent deficits and debt ratios that have threatened the stability of more...



Price: $20.00
Endogenous Growth, Downward Wage Rigidities and Optimal Inflation

Author/Editor: Mirko Abbritti, Agostino Consolo, Sebastian Weber.

Release Date:August, 2021

Standard New Keynesian (NK) models feature an optimal inflation target well below two percent, limited welfare losses from business cycle fluctuations and long-term monetary neutrality. We develop a more...



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Who Bore the Brunt of the Pandemic in Europe? Shifting Private Stress to the Public Sector

Author/Editor: Marco Arena, Ruo Chen, Alfredo Cuevas, Karim Foda, Borja Gracia, Estelle X Liu, Alex Pienkowski, Christiane Roehler, Shituo Sun, Sebastian Weber, Xin Cindy Xu, Yu Shi.

Release Date:July, 2021

In Europe, the severe human toll of the COVID-19 pandemic was compounded by the deepest fall in economic activity in modern history. Yet this huge decline in output did surprisingly little damage to more...



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Exiting from Lockdowns: Early Evidence from Reopenings in Europe

Author/Editor: Jeffrey R Franks, Bertrand Gruss, Carlos Mulas-Granados, Manasa Patnam, Sebastian Weber.

Release Date:October, 2020

European authorities introduced stringent lockdown measures in early 2020 to reduce the transmission of COVID-19. As the first wave of infection curves flattened and the outbreak appeared controlled, more...



Price: $18.00
Sectoral Policies for Climate Change Mitigation in the EU

Author/Editor: Nicolas Arregui, Ruo Chen, Christian H Ebeke, Jan-Martin Frie, Daniel Garcia-Macia, Dora M Iakova, Andreas Jobst, Louise Rabier, James Roaf, Anna Shabunina, Sebastian Weber.

Release Date:September, 2020

This paper discusses sectoral policies needed to achieve the ambitious greenhouse gas (GHG) emissions reduction targets announced in the European Union’s Green Deal, complementing the companion more...



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Reassessing the Role of State-Owned Enterprises in Central, Eastern and Southeastern Europe

Author/Editor: Christine J Richmond, Dora Benedek, Ezequiel Cabezon, Bobana Cegar, Peter Dohlman, Michelle Hassine, Beata Jajko, Piotr Kopyrski, Maksym Markevych, Jacques A Miniane, Francisco J Parodi, Gabor Pula, James Roaf, Min Kyu Song, Mariya Sviderskaya, Rima A Turk, Sebastian Weber.

Release Date:June, 2019

The Central, Eastern, and South Eastern European (CESEE) region is ripe for a reassessment of the role of the state in economic activity. The rapid income convergence with Western Europe of the early more...



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Market Regulation, Cycles and Growth in a Monetary Union

Author/Editor: Mirko Abbritti, Sebastian Weber.

Release Date:June, 2019

We build a two-country currency union DSGE model with endogenous growth to assess the role of cross-country differences in product and labor market regulations for long-term growth and for the more...



Price: $18.00
Credit-Supply Shocks and Firm Productivity in Italy

Author/Editor: Sebastian Dörr, Mehdi Raissi, Anke Weber.

Release Date:March, 2017

The Italian economy has been struggling with low productivity growth and bank balance sheet strains. This paper examines the implications for firm productivity of adverse shocks to bank more...



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Price Expectations and the U.S. Housing Boom

Author/Editor: Pascal Towbin, Sebastian Weber.

Release Date:July, 2015

Between 1996 and 2006 the U.S. has experienced an unprecedented boom in house prices. As it has proven to be difficult to explain the large price increase by observable fundamentals, many observers more...



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Dollarization in Sub-Saharan Africa : Experiences and Lessons

Author/Editor: Mauro Mecagni, Juan S Corrales, Jemma Dridi, Rodrigo Garcia-Verdu, Patrick A Imam, Justin Matz, Carla Macario, Rodolfo Maino, Yibin Mu, Ashwin Moheeput, Futoshi Narita, Marco Pani, Manuel Rosales Torres, Sebastian Weber, Etienne B Yehoue.

Release Date:May, 2015

Dollarization—the use of foreign currencies as a medium of exchange, store of value, or unit of account—is a notable feature of financial development under macroeconomically fragile conditions. more...



Price: $20.00
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