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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...
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.
This paper compares post-COVID growth and inflation dynamics in the euro area and the US using an estimated macro model.
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.
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.
This paper presents a new macrofinancial general equilibrium model of the euro area economy.
This paper studies renewable electricity: its development in the past and in the future, public support schemes, alternative purchasing arrangements and its future competitiveness.
This paper reviews the institutional set-up of the National Productivity Boards and summarises the main findings of their latest annual reports.
This paper reviews the institutional set-up of the National Productivity Boards and summarises the main findings of their latest annual reports.
This paper explains the changes to national fiscal frameworks done since the great recession and analyses how these frameworks have performed during the economic shock caused by the COVID-19 pandemic.