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Publications (198)
RSSRobustness of the Trend-Cycle Decomposition of Total Factor Productivity in EUCAM
This paper analyses the robustness of the trend-cycle decomposition of total factor productivity which is involved in the estimation of potential growth and output gap in the EU Member States in application of the EU’s Commonly Agreed Methodology.
Inflation Differentials in the Euro Area at the Time of High Energy Prices
This paper investigates the drivers of inflation differentials in the euro area.
How Green Budgeting is Embedded in National Budget Processes
This paper presents how green budgeting is integrated into the regular budget process and influences decision making and budget allocation.
Patterns of Cross-Border Venture Capital Flows in Europe
This paper analyses the main characteristics of the European venture capital cross-border flows and their determinants.
Common Sovereign Debt instruments: An Analytical Framework
This paper presents an integrated framework for the financial assessment of different types of common sovereign debt instruments.
The ECB Strategy Review - Implications for the Space of Monetary Policy
This paper analyses two central elements of the ECB’s 2021 monetary policy strategy review in an estimated open-economy structural macroeconomic (DSGE) model of the euro area: (1) explicit symmetry of the 2% inflation target, and (2) commitment to persistent monetary accommodation...
Unleashing Potential: Model-Based Reform Benchmarking for EU Member States
The paper quantifies the potential macroeconomic impact of structural reforms in the EU Member States employing a benchmarking approach, closing half the observed gaps in structural indicators.
The COVID-19 Recession on Both Sides of the Atlantic: A Model-Based Comparison
This paper compares post-COVID growth and inflation dynamics in the euro area and the US using an estimated macro model.
The Fiscal Effects of Terms-of-Trade-Driven Inflation
This paper presents simulations with the Commission’s QUEST model to examine whether rising inflation stemming from a terms-of-trade deterioration could reduce public debt-to-GDP ratios.
Domestic Medium-Term Budgetary Frameworks in the EU: Fit for Purpose and for the Future?
This discussion paper presents key findings on the implementation and functioning of MTBFs in the EU over the last decade and on identified past and future challenges.