This paper addresses the issue of data quality in the real estate market. In many countries, the returns indices for direct markets are provided by several sources differing in terms of the methodology adopted and index weights. These differences produce a lack of informative standardization,...

The transition from fossil fuels to sustainable solutions remains a significant challenge, primarily due to path dependence which affects many economies. This calls for a new approach to economic growth that fully accounts for environmental costs. Consequently, understanding the factors that...

Department: Economics.

The increasing concerns for the future effects of global warming have given rise to an unprecedented wave of environmental activism. This paper studies how this call for stronger climate actions could influence macroeconomic dynamics. We explore this topic, employing a Dynamic Stochastic General...

This paper investigates the costs of disinflation in an otherwise standard DSGE model with borrowing constraints and credit frictions, augmented with macroprudential authority. Analyzing the real and welfare effects of a permanent change in the inflation rate, we study the role of...

Nowadays, the increase in public debt is affecting economies around the world reaching unprecedented values. In light of that, this paper investigates the effects of taxes and public spending as debt deflators. Moreover, it compares how a boost in inflation with respect to traditional...

This paper investigates under which conditions a permanent increase in inflation target might entail public debt reduction, in a Two Agents New Keynesian model with sticky prices and distortionary taxation. In light of that, this paper contributes to the more recent lively debate among...