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Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases and Fiscal Stimulus in a Low-Interest-Rate Environment
Coenen, Günter - 2020
-real-interest-rate world. Our findings suggest that, if unaddressed, the lower bound can have very substantial costs in terms of worsened …
Persistent link: https://www.econbiz.de/10012844862
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Macroeconomic Effects of Carbon Transition Policies : An Assessment Based on the Ecb's New Area-Wide Model with a Disaggregated Energy Sector
Coenen, Günter; Priftis, Romanos; Lozej, Matija - 2023
We use scenario analysis to assess the macroeconomic effects of carbon transition policies aimed at mitigating climate change. To this end, we employ a version of the ECB’s New Area-Wide Model (NAWM) augmented with a framework of disaggregated energy production and use, which distinguishes...
Persistent link: https://www.econbiz.de/10014354636