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A Bottom-Up Reduced Form Phillips Curve for the Euro Area

Author/Editor: Thomas McGregor, Frederik G Toscani.

Release Date:December, 2022

We develop a bottom-up model of inflation in the euro area based on a set of augmented Phillips curves for seven sub-components of core inflation, and auxiliary regressions for non-core items. The more...



Price: $20.00
Exchange-Rate Swings and Foreign Currency Intervention

Author/Editor: Andrew Filardo, R G Gelos, Thomas McGregor.

Release Date:July, 2022

This paper develops a new approach for exploring the effectiveness of foreign currency intervention, focusing on real exchange cycles. Using band spectrum regression methods, it examines the role of more...



Price: $20.00
Young Firms and Monetary Policy Transmission

Author/Editor: Marco Casiraghi, Thomas McGregor, Dino Palazzo.

Release Date:March, 2021

We investigate the role of business dynamism in the transmission of monetary policy by exploitingthe variation in firm demographics across U.S. states. Using local projections, we find that a larger more...



Price: $18.00
Pricing Sovereign Debt in Resource-Rich Economies

Author/Editor: Thomas McGregor.

Release Date:November, 2019

How do oil price movements affect sovereign spreads in an oil-dependent economy? I develop a stochastic general equilibrium model of an economy exposed to co-moving oil price and output processes, more...



Price: $18.00