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Monetary Policy and Exchange Rate Dynamics in a Behavioral Open Economy Model

Author/Editor: Marcin Kolasa, Sahil Ravgotra, Pawel Zabczyk.

Release Date:June, 2022

We develop an extension of the open economy New Keynesian model in which agents are boundedly rational à la Gabaix (2020). Our setup nests rational expectations (RE) as a special case and it can more...



Price: $20.00
Review of The Institutional View on The Liberalization and Management of Capital Flows — Background Note on Using the IPF Analytical Toolkit to Enhance Policy Assessments

Author/Editor: Marcin Kolasa, Gurnain Kaur Pasricha, Suman S Basu, Emine Boz, Dimitre Milkov.

Release Date:March, 2022

Insights from the IPF workstream can help guide the appropriate policy mix during an inflow surge, based on the shock and country characteristics. Inflow surges may be caused by a range of shocks and more...



Price: $5.00
A Quantitative Microfounded Model for the Integrated Policy Framework

Author/Editor: Tobias Adrian, Christopher J Erceg, Marcin Kolasa, Jesper Lindé, Pawel Zabczyk.

Release Date:December, 2021

We develop a microfounded New Keynesian model to analyze monetary policy and financial stability issues in open economies with financial fragilities and weakly anchored inflation expectations. We more...



Price: $5.00
Monetary Policy and COVID-19

Author/Editor: Michal Brzoza-Brzezina, Marcin Kolasa, Krzysztof Makarski.

Release Date:November, 2021

We study the macroeconomic effects of the COVID-19 epidemic in a quantitative dynamic general equilibrium setup with nominal rigidities. We evaluate various containment policies and show that they more...



Price: $5.00