Using the Synthetic Difference-in-Differences (SDiD) estimator, we show that the economic effects of the War in Donbas on Luhansk and Donetsk oblasts between the years 2014 and 2019 were of enormous magnitude. We estimate the average treatment effect on per capita disposable income of 3362 USD...

We analyze the optimal window length in the average inflation targeting rule within a Behavioral THANK model. The central bank faces an occasionally binding effective lower bound (ELB) or persistent supply shocks, and can also use quantitative easing. We show that the optimal averaging period is...

We analyze the optimal window length in the average inflation targeting rule within a Behavioral THANK model of Pfäuti and Seyrich (2022). The central bank faces an occasionally binding effective lower bound (ELB) or persistent supply shocks and can also use quantitative easing when we merge...

We analyze the optimal window length in the average inflation targeting rule within a Behavioral THANK model. The central bank faces an occasionally binding effective lower bound (ELB) or persistent supply shocks, and can also use quantitative easing. We show that the optimal averaging period is...