domestic government debt in the euro area,thus strengthening or weakening the sovereign-bank nexus. To do so, we construct … theunsystematiccomponent of macroprudentialpolicy in panel vector autoregressive models for euro area “core" and “periphery"countries. Our main …

We show the importance of emission disclosure for climate policies in a DSGE model for the euro area. A low … disclosure by 20 percentage points reduces GDP costs of a carbon tax by 13%. For a carbon tax increase of 50 euro/ton CO2, this … implies an average GDP benefit of 47 bn euro over six years. …

We examine the fiscal footprint of macroprudential policy in euro area countries arising through the bond market …