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...

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 workshop will focus on but not be limited to empirical research in the following fields: - Labour market institutions and policies - Labour mobility and dynamics - Inequality and education - Qualification and skills - Regional disparities

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...

The interdisciplinary Ph.D. workshop is intended to bring together Ph.D. students from different countries working on topics related to different perspectives on employment research. The workshop will provide an opportunity for young researchers to present and to discuss their research in a...

Activation has become a prominent paradigm with regard to both labour market and social policies in Europe. Not only has it permeated political oratory in a short period of time across a wide range of European countries, but it has also become a crucial reference point for the restructuring of...