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In this paper, we introduce our GDSGE framework and MATLAB toolbox for solving dynamic stochastic general equilibrium models with a novel global solution method. The framework encompasses many well-known incomplete markets models with highly nonlinear dynamics such as models on financial crises,...
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theoretical and empirical considerations, we will discuss the recent evolution of inflation expectations in the euro area and draw …
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We trace the imprint of the ECB's expanded asset purchase programme (APP) on international bond portfolios and euro …-denominated deposits. Our analysis suggests that non-bank financial institutions (NBFIs) located outside the euro area sold large volumes … of euro area government bonds and kept a substantial fraction of the proceeds as euro-denominated deposits, primarily in …
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This study examines the asymmetric effects of uncertainties in monetary policy on the demand for money in Greece. In …
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