Bayesian Local Projections
Accepted at Review of Economics and Statistics Code [GitHub] We propose a Bayesian approach to Local Projections that optimally addresses...
Trouble Every Day: Monetary policy in emerging economies, a study of South Africa
We present a comprehensive analysis of monetary policy in South Africa by employ- ing a state-of-the-art high-frequency identification....
The Global Transmission of U.S. Monetary Policy
New Working Paper (Jan 2022) US monetary policy shapes economic conditions globally due to the dominant role of the dollar in the world...
External Instrument SVAR Analysis for Noninvertible Shocks
We propose a novel external-instrument SVAR procedure to identify and estimate the impulse response functions, regardless of the shock...
Monetary-Fiscal Crosswinds in the European Monetary Union
Accepted at the European Economic Review Final draft Appendix Replica Code [ZIP] BIS working paper VoxEu column "Fiscal-monetary...
CEPR Webinar on Central Bank Communication and Information Effects
My slides for the CEPR Webinar on Central Bank Communication and Information Effects
Monitoring the Economy in Real-Time: Trends and Gaps in Real Activity and Prices
Paper on ArXiv A mixed-frequency semi-structural model is used for estimating unobservable quantities such as the output gap, the...
Identification with External Instruments in Structural VARs
Journal of Monetary Economics Volume 135, April 2023, Pages 1-19 IV methods have become the leading approach to identify the effects of...
The ECB strategy: The 2021 review and its future
The CEPR Report "The ECB strategy: The 2021 review and its future" Download the the Book Our VoxEu blog piece From the CEPR website: The...
Information and Policy Shocks in Monetary Surprises
The GitHub Repository contains time series at monthly frequency of the high-frequency instruments for monetary policy and information...
Discussion of "Assessing Central Bank Communication Through Monetary Policy Statements"
Discussion slides of "Assessing Central Bank Communication Through Monetary Policy Statements: Results for Colombia, Chile and Peru" by...
When is growth at risk?
Brookings Papers on Economic Activity Spring 2020 final draft [Link] Slides [PDF] Conference Draft [PDF] Replication code [Link] This...
