Star variables, such as potential output and the neutral real interest rate, are fundamental to economic policymaking but challenging to identify due to their latent nature. Buncic, Pagan, and Robinson (2023) highlight the difficulty of identifying star variables within short macroeconomic...

Star variables, such as potential output and the neutral real interest rate, are fundamental to economic policymaking but challenging to identify due to their latent nature. Buncic, Pagan, and Robinson (2023) highlight the difficulty of identifying star variables within short macroeconomic...

This paper functions as a reference guide for the impact of "standard" monetary policy shocks on output and prices, as analysed through the lens of the available models in the European System of Central Banks (ESCB) and the average findings of existing empirical literature. The analysis is based...

This paper functions as a reference guide for the impact of "standard" monetary policy shocks on output and prices, as analysed through the lens of the available models in the European System of Central Banks (ESCB) and the average findings of existing empirical literature. The analysis is based...

In this paper, we design countercyclical capital buffer rules that perform robustly across a wide range of Dynamic Stochastic General Equilibrium (DSGE) models. These rules offer valuable guidance for policymakers uncertain about the most appropriate model(s) for decision-making. Our results...

In this paper, we design countercyclical capital buffer rules that perform robustly across a wide range of Dynamic Stochastic General Equilibrium (DSGE) models. These rules offer valuable guidance for policymakers uncertain about the most appropriate model(s) for decision-making. Our results...