This paper explores the optimal allocation of government bond purchases within a monetary union, using a two-region DSGE model, where regions are asymmetric with respect [...]

Supplemental data for peer-reviewed article published in European Economic Review. Paper published online November 13, 2022. When citing this dataset, please also cite th[...]

This paper investigates the impact of active balance sheet adjustments in the non-financial corporate sector on economic growth in the EU. We jointly model firms’ ability[...]

This paper finds that debt-financed fiscal multipliers vary depending on the location of the debt buyer. In a sample of 33 countries fiscal multipliers are larger when go[...]

This paper compares the distributional effects of conventional monetary policy and quantitative easing (QE) within an estimated open-economy DSGE model of the euro area. [...]

This paper estimates an open-economy dynamic stochastic general equilibrium (DSGE) model with Bayesian techniques to provide a structural empirical evaluation of the macr[...]

We study optimal debt management in the face of shocks that can drive the economy into a liquidity trap and call for an increase in public spending in order to mitigate t[...]