Research Blog

S. Miranda-Agrippino, G. Ricco - The Transmission of Monetary Policy Shocks

Final paper and replica codes published on AEJ:macro (Forthcoming) [Link] Monetary Policy Instrument [.xlsx] Replication Codes [.zip] Las...

A Model of the Fed’s View on Inflation

Accepted at the Review of Economics and Statistics Slides ECB-Cleveland Inflation Conference (May 2020) [PDF] New Draft (August 2020) [PD...

Deep Dynamic Factor Models

Very First Draft [ArXiv] Slides: We propose a novel deep neural net framework -- that we refer to as Deep Dynamic Factor Model (D2FM) --...

Identification with External Instruments in Structural VARs under Partial Invertibility

New Draft (Apr 2020) [PDF] and slides [PDF] This paper discusses conditions for identification of structural shocks with external instrum...

The Global Transmission of U.S. Monetary Policy

Working Paper [PDF] Online Appendix [PDF] This paper studies the transmission of US monetary shocks across the globe by employing a high-...

When is growth at risk?

Prepared for the Spring 2020 edition of the Brookings Papers on Economic Activity [Link] Slides [PDF] Conference Draft [PDF] This paper e...

Financial Variables as Predictors of Real Growth Vulnerability

Slides for the 5th Annual Macroprudential Conference: Macroprudential, June 2019 in Eltville [PDF] Working Paper [PDF] We evaluate whethe...

Financial and Fiscal Interaction in the Euro Area Crisis: This Time was Different

European Economic Review, Volume 119, October 2019 [Link] Accepted Draft [PDF] Replica Code [ZIP] Working Paper [CEPR wp] Article on Vox ...

Discussion of Corsetti, Lafarguette, Mehl – ‘Fast Trading and the Virtue of Entropy: Evidence from t

Slides [PDF] Discussion Slides for Corsetti, Lafarguette, Mehl – ‘Fast Trading and the Virtue of Entropy: Evidence from the Foreign Excha...

Discussion of Cieslak and Schrimpf - `Non Monetary News in Central Bank Communication'

Slides [PDF] Discussion Slides: Cieslak and Schrimpf - `Non Monetary News in Central Bank Communication', prepared for the Bank of Canada...

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