We build a tractable two-agent New Keynesian (TANK) model to jointly study four types of policy: conventional monetary policy, quantitative easing (QE), government expenditures, and lump-sum transfers. We find QE, transfers, and government spending can have the same effects on the aggregate...

Highly interconnected global supply chains make countries vulnerable to supply chain disruptions. In this paper, we estimate the macroeconomic effects of global supply chain shocks for the euro area. Our empirical model combines business cycle variables with data from international container...

Governments around the world have gone on a massive fiscal expansion in response to the Covid crisis, increasing government debt to levels not seen in 75 years. How will this debt be repaid? What role do conventional and unconventional monetary policy play? We investigate debt sustainability in...

It is being investigated the relationship between oil windfalls and income inequality using the subnational data of one of the resource-richest and most unequal countries in the world – Russia. While previous literature has produced contradictory findings due to the use of an aggregate measure...

Under the overarching theme of “Europe: smart and green” this edition of our flagship event features an engaging programme aiming to bring together a wide range of perspectives on the transition to a carbon-neutral and highly-innovative European economy. In this context, some of the main...

The two-day event will provide an opportunity for leading academics, policy makers and practitioners to share their views and understandings on investment finance and competitiveness, while raising awareness of the challenges posed by technological transformation and the need to adapt workforce...

Panel Session I: Investment and investment finance in Europe: a policy perspective. Panel Session II: The role of innovation and skills in boosting investment activity. Panel Session III: European financial landscape and access to finance. Participation to the event is upon invitation only. If...

The aim of the Workshop is to bring together domestically-based dynamic general equilibrium macroeconomists. This is not intended to be a restriction. Both theoretical and empirical papers are welcome.

Labor related issues have been studied in the economics profession from a number of different angles. The goal of the Barcelona Labor Economics Summer School is to cover a wide range of topics in labor economics from a variety of perspectives. In particular, the BLSS offers courses that will...

The goal of the Barcelona Labor Economics Summer School is to cover a wide range of topics in labor economics from a variety of perspectives. In particular, the BLSS offers courses that will cover recent developments within the macro-labor, micro-labor and managerial-labor contexts. In each...