Research Blog

Identification with External Instruments in Structural VARs

Accepted Draft (November 2021) IV methods have become the leading approach to identify the effects of macroeconomic shocks. Conditions...

My discussion slides of an early draft of “Conditionality in Official Lending: Compliance through strategic assessment” by Clancy, Erce,...

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...

New Working Paper (February 2021) Slides for the NBER Summer Institute 2021 The US monetary policy propagates internationally by...

The GitHub Repository contains time series at monthly frequency of the high-frequency instruments for monetary policy and information...

The ARC 2021 Online Lecture on “Domestic and International Effects of US Monetary Policy” prepared for students in Ukraine and organised...

BIS working paper VoxEu column "Fiscal-monetary crosswinds in the euro area: Conventional and unconventional shocks" SUERF Policy Note...

We propose a Bayesian approach to Local Projections that optimally addresses the empirical bias-variance tradeoff inherent in the choice...

Discussion slides of "Assessing Central Bank Communication Through Monetary Policy Statements: Results for Colombia, Chile and Peru" by...

A real-time model to monitor developments in output gap, equilibrium unemployment, trend and cyclical components of inflation.