response. To do so, we use a unifted modelling framework: The Euro Area and the Global Economy (EAGLE) model. Furthermore …

declines in output, in ation, and the interest rate. Moreover, we document strong global impacts, making the world move in a …We build a new empirical model to estimate the global impact of an increase in the volatility of US monetary policy …. By allowing for rich dynamic interaction between the endogenous variables and time-varying volatility in the global …

against the Global Financial Cycle (GFC) in Emerging Economies (EMEs). We show that heteroegeneity in institutional strength … also shapes the response in terms of counter-cyclical policies to sudden changes in global financial conditions as well as …

Modelling the link between the global macro-financial factors and firms’ default probabilities constitutes an … elementary part of financial sector stress-testing frameworks. Using the Global Vector Autoregressive (GVAR) model and … Satellite-GVAR model appears to be a useful tool for analysing plausible global macrofinancial shock scenarios designed for …

Policymakers around the world are encouraging the local production of key inputs to reduce risks from excessive …, using a global dynamic general equilibrium model. We proxy non-tariff measures, such as the stricter enforcement of …