Mit dem am 24. Februar 2022 begonnen Angriffskrieg auf die Ukraine hat Russland nicht nur für eine Zeitenwende in der weltpolitischen Ordnung gesorgt, sondern auch die Weltwirtschaft in Chaos versetzt. Neben den direkten ökonomischen Implikationen des Krieges in der Ukraine (Vernichtung des...

The recent boom in house prices in many countries during the Covid-19 pandemic and the possibility of household financial distress are of concern among some central banks. We revisit the empirical modelling of house prices and household debt with a policy-oriented perspective using Norwegian...

This paper provides an assessment of the macroeconomic models regularly used for forecasting and policy analysis in the Eurosystem. These include semi-structural, structural and time-series models covering specific jurisdictions and the euro area within a closed economy, small open economy,...