A mixed-frequency semi-structural model is used for estimating unobservable quantities such as the output gap, the Phillips curve and the NAIRU in real time. We consider two specifications: in one the output gap is observed as the official CBO measure, in the other is unobserved and derived via...

Online BOFIT seminars are open to all researchers interested in the subjects covered.

Topics to be discussed include but are not limited to: - Empirical behavior of gross and net flows and the labor market stocks; - Flows of workers versus jobs; - Cross-country relationships between labor flows and macroeconomic variables; - The role of labor market policies for labor market...

The FSC Research Workshop 2021 will be held on 19 November in conjunction with the Financial Stability Conference (FSC) as an online event. The workshop discusses relevant aspects in the context of corona crisis, climate change risks and crisis management. The challenge is to give a brief and...

The FSC is an open public event bringing together policy makers and experts from authorities and institutions, scientists and researchers, industry experts as well as citizens and the interested public in a critical in-depth full-day discussion format. The conference is accompanied by a research...

The Forum is a platform for policymakers, researchers, private sector, regulators and compilers of economic and financial data to come together to discuss cutting-edge issues in macroeconomic and financial statistics and to build support for statistical improvements. The theme of this year’s...

The conference brings together leading economic scholars and policy practitioners to discuss cutting-edge research addressing Europe’s economic policy challenges. It is jointly organised by the European Commission’s Directorate-General for Economic and Financial Affairs and the Joint...

The aim of the conference is to investigate how macroeconomic policies affect business dynamism and how that affects macroeconomic aggregates. Of particular interest are papers that study these issues in light of the current challenges posed by the ongoing Covid-19 crisis and the broader...

After years of subdued inflation, prices have increased sharply on a broad base in recent months on the back of several temporary factors, not only in Europe. Soaring prices at early stages of the production chain indicate additional price pressure in the pipeline, whereas supply bottlenecks,...

Over the past year, the Covid-19 pandemic has transformed our economy, with some industries and communities more severely impacted than others. Just as people were heading back to work, the Delta variant surfaced and is causing disruptions throughout the country. While we are coming out of the...