Topics include but are not limited to: 1) Dos and don’ts of inflation targeting ; 2) Optimal inflation target and the natural rate of interest in economies with limited transmission ; 3) Constraints of fiscal dominance and optimal balance between fiscal and monetary policy ; 4) Policy with...

The International Macroeconomics Workshop focuses on the role of the dollar in international finance and trade. Topics: - Dollar safety and convenience yields - Deglobalisation and the future of dollar dominance - Dollar funding and the global financial cycle - Dollar invoicing and global...

Professors John Hassler and Per Krusell will teach the course. It is primarily aimed at participants in the Euro Area Business Cycle Network but applications will also be considered from doctoral students, post-doctoral researchers and economists working in central banks and government...

Professors Itamar Drechsler, Alexi Savov and Philipp Schablwill teach the course. It is primarily aimed at participants in the Euro Area Business Cycle Network but applications will also be considered from doctoral students, post-doctoral researchers and economists working in central banks and...

Topics: financial stability, financial regulation and supervision, systemic risk, banking, macro-prudential policies and other related topics.

Workshop Program: - Five facts about the UIP Premium; - The People vs the Markets: A Parsimonious Model of Inflation Expectations; - Global inflation, monetary policy and spillovers on EM; - The end of privilege: a reexamination of the net foreign asset position of the United States; - Are...

In the 3rd SAMNET workshop we are going to explore innovation in macroeconomic analysis of interest for monetary policy making. This workshop is going to be slightly different to last time, as it will be followed by a policy round table discussion between expert panellists. Over the past year,...

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...

Research Clusters were set up by the Heads of Research in order to encourage interaction and collaboration between European System of Central Banks (ESCB) researchers working on fields of common interest. The Research Cluster is open to all ESCB researchers and participation is...

There is consensus among the economics profession that r* - the equilibrium rate of interest at which inflation is stable - has strongly declined over past decades – more so in Europe than in the US. While r* in itself is not a policy goal, its currently estimated low level is widely perceived...