Author/Editor: Andrew Hodge, Zoltan Jakab, Jesper Lindé, Vina Nguyen.

Release Date:November, 2022

This paper employs a two-country New Keynesian DSGE model to assess the macroeconomic impact of the changes in monetary policy frameworks and the fiscal support in the U.S. and euro area during the more...

Author/Editor: Jiaqian Chen, Raphael A Espinoza, Carlos Goncalves, Tryggvi Gudmundsson, Martina Hengge, Zoltan Jakab, Jesper Lindé.

Release Date:September, 2022

The COVID-19 pandemic and the subsequent need for policy support have called the traditional separation between fiscal and monetary policies into question. Based on simulations of an open economy more...

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...

Author/Editor: Tobias Adrian, Christopher J Erceg, Jesper Lindé, Pawel Zabczyk, Jianping Zhou.

Release Date:July, 2020

Many central banks have relied on a range of policy tools, including foreign exchange intervention (FXI) and capital flow management tools (CFMs), to mitigate the effects of volatile capital flows on more...

Author/Editor: Jiaqian Chen, Daria Finocchiaro, Jesper Lindé, Karl Walentin.

Release Date:June, 2020

We examine the effects of various borrower-based macroprudential tools in a New Keynesian environment where both real and nominal interest rates are low. Our model features long-term debt, housing more...

Author/Editor: Michael Kumhof, Dirk Muir, Carlos de Resende, Jan in ‘t Veld, René Lalonde, Davide Furceri, Annabelle Mourougane, John Roberts, Stephen Snudden, Mathias Trabandt, G

Release Date:WP.jpg