Discussion paper DP17034 Passive Monetary Policy and Active Fiscal Policy in a Monetary Union Bartosz Mackowiak Sebastian Schmidt 6 Jul 2022 Fiscal theory of the price level Monetary union Fiscal rules Eurobonds Monetary Economics and Fluctuations E31 E63 F45
Discussion paper DP17378 Where Do We Stand With “Whatever It Takes”? Karl Whelan 11 Jun 2022 European central bank Euro Whatever it takes Fragmentation Omt Monetary Economics and Fluctuations E58 E43 E63
Discussion paper DP17360 Myopic Fiscal Objectives and Long-Run Monetary Efficiency Gaetano Gaballo Eric Mengus 5 Jun 2022 Fiat money Price level determination Fiscal-monetary interactions Seigniorage Commitment Ramsey plans International Macroeconomics and Finance Monetary Economics and Fluctuations E31 E52 E58 E62 E63
Discussion paper DP17180 Helicopter money: what is it and what does it do? Silvana Tenreyro 4 Apr 2022 Fiscal monetary interactions Central bank balance sheet Monetary Economics and Fluctuations E52 E63 E32
Discussion paper DP17056 The Augmented Bank Balance-Sheet Channel of Monetary Policy Christian Bittner Diana Bonfim Florian Heider Farzad Saidi Glenn Schepens 21 Feb 2022 Transmission of monetary policy Bank lending Bank risk taking Bank balance sheets Euro-area heterogeneity Financial Economics International Macroeconomics and Finance Monetary Economics and Fluctuations E44 E52 E58 E63 F45 G20 G21
Discussion paper DP17021 The Past, Present and Future of Euro Area Monetary-Fiscal Interactions Karl Whelan 9 Feb 2022 European central bank Monetary financing Monetary-fiscal interactions Monetary Economics and Fluctuations E52 E58 E63
Discussion paper DP16829 One Scheme Fits All: A Central Fiscal Capacity for the EMU Targeting Eurozone, National and Regional Shocks Roel Beetsma Jacopo Cimadomo Josha van Spronsen 5 Feb 2022 Central fiscal capacity Macroeconomic stabilisation Multilevel factor model Bayesian inference International Macroeconomics and Finance Monetary Economics and Fluctuations C38 E32 E62 E63
Discussion paper DP16727 Loan Guarantees, Bank Lending and Credit Risk Reallocation Carlo Altavilla Andrew Ellul Marco Pagano ANDREA POLO Thomas Vlassopoulos 15 Nov 2021 Loan guarantees Bank lending Covid-19 pandemic Substitution Credit risk Financial Economics International Macroeconomics and Finance G18 G21 E63 H12 H81
Discussion paper DP16687 The Debt Capacity of a Government Bernard Dumas Chunyu Yang 2 Nov 2021 Debt capacity Fiscal policy Asset market bubbles Social security sustainability Financial Economics E13 E43 E44 E50 E62 E63 H30 H62 H63 H68
Discussion paper DP16607 Macroprudential Policy during COVID-19: The Role of Policy Space Katharina Bergant Kristin Forbes 4 Oct 2021 Macroprudential policy Policy space Countercyclical capital buffer Covid-19 International Macroeconomics and Finance Monetary Economics and Fluctuations E58 E61 E63 F38 G18 G28
Discussion paper DP16537 The Aftermath of Debt Surges M. Ayhan Kose Franziska Ohnsorge Carmen Reinhart Kenneth Rogoff 11 Sep 2021 Debt restructuring Growth inflation Fiscal consolidation Financial repression Wealth taxes International Macroeconomics and Finance F62 F34 F44 E32 E63 H6 H63
Discussion paper DP16517 An Equilibrium Theory of Nominal Exchange Rates Marcus Hagedorn 6 Sep 2021 exchange rate Determinacy Incomplete markets Monetary and fiscal policy International asset flows International Macroeconomics and Finance D52 E31 E43 E52 E62 E63
