In September 2022, the diffusion indices of wages and of the order-book level looked quite optimistic – 54% and 53% correspondingly. The diffusion index of output decreased by 11 percentage points, but this year this indicator is particularly unstable. The diffusion indices of the expected in...

We derive closed-form solutions and sufficient statistics for inflation and GDP dynamics in multi-sector New Keynesian economies with arbitrary input-output linkages. Analytically, we decompose how production linkages (1) amplify the persistence of inflation and GDP responses to monetary and...

In the current context, where a large part of international trade in goods and services is linked to global production chains, the policy course to reap the gains from this trade differs according to the point of view adopted. While from a country's point of view, the strategy is to join global...

Household consumption accounts for the largest share of the global anthropogenic greenhouse gases (GHG) emissions. The literature assessing the environmental impacts of household consumption is mostly focused on developed economies, thus, leaving a critical gap when it comes to assessing the...