In this paper we explore the cross-country implications of climate-related mitigation policies. Specifically, we set up a two-country, two-sector (brown vs green) DSGE model with negative production externalities stemming from carbon-dioxide emissions. We estimate the model using US and euro...

This paper assesses the macroeconomic impact of ECB’s unconventional monetary policies. First, we show that: i) the relevance of the transmission channels has changed over time, with portfolio rebalancing becoming more important than the signaling effect after June 2014; ii) there exists a...