Author/Editor: Angana Banerji, Bergljot Barkbu, James John, Tidiane Kinda, Sergejs Saksonovs, Hanni Schoelermann, Tao Wu.

Release Date:September, 2015

The momentum for structural reforms is waning in the euro area at a time when even faster progress is needed to boost productivity and growth, achieve real economic convergence, and improve the more...

Author/Editor: Tao Wu.

Release Date:October, 2014

This paper examines the transmission mechanism through which unconventional monetary policy affects long-term interest rates. I construct a real-time measure summarizing market projections of the more...

Author/Editor: Tao Wu, Michele Cavallo.

Release Date:January, 2012

We study the effects of oil-price shocks on the U.S. economy combining narrative and quantitative approaches. After examining daily oil-related events since 1984, we classify them into various event more...