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Fiscal multipliers with financial fragmentation risk and interactions with monetary policy

Darracq Pariès, Matthieu; Müller, Georg; … - 2020

We quantify the size of fiscal multipliers under financial fragmentation risk and demonstrate how non-standard monetary policy can support the macroeconomic transmission of fiscal interventions. We employ a DSGE model with financial frictions whereby the interplay of corporate, banks and...

Persistent link: https://www.econbiz.de/10012241104

Parsing financial fragmentation inthe euro area : a multi-country DSGE perspective

Darracq Pariès, Matthieu; Jacquinot, Pascal; … - 2016

Persistent link: https://www.econbiz.de/10011618209

On the credit and exchange rate channels of central bank asset purchases in a monetary union

Darracq Pariès, Matthieu; Papadopoulou, Niki - 2019

Through the euro area crisis, financial fragmentation across jurisdictions became a prime concern for the single … the credit intermediation chain is significant and quite heterogenous across the largest euro area countries. The … introduction of global portfolio frictions on euro area government bond holdings by international investors opens up for a larger …

Persistent link: https://www.econbiz.de/10011996730

Debt overhang and deleveraging in the US household sector : gauging the impact on consumption

Albuquerque, Bruno; Krustev, Georgi - 2015

Persistent link: https://www.econbiz.de/10011349814

Has US household deleveraging ended? : a model-based estimate of equilibrium debt

Albuquerque, Bruno; Baumann, Ursel; Krustev, Georgi - 2014

Persistent link: https://www.econbiz.de/10010380068

Will US inflation awake from the dead? : the role of slack and non-linearities in the Phillips curve

Albuquerque, Bruno; Baumann, Ursel - Task Force on Low Inflation (LIFT) - 2017

The response of US inflation to the high levels of spare capacity during the Great Recession of 2007-09 was rather muted. At the same time, it has been argued that the short-term unemployment gap has a more prominent role in determining inflation, and either the closing of this gap or...

Persistent link: https://www.econbiz.de/10011636747

Monetary policy and US housing expansions : the case of time-varying supply elasticities

Albuquerque, Bruno; Iseringhausen, Martin; Opitz, Frederic - In: Economics letters 195 (2020), pp. 1-7

Persistent link: https://www.econbiz.de/10012510057