European Economy - Discussion Papers

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194: Common Sovereign Debt Instruments: An Analytical Framework

Daniel P. Monteiro

193: The ECB Strategy Review - Implications for the Space of Monetary Policy

Lucian Briciu, Stefan Hohberger, Luca Onorante, Beatrice Pataracchia, Marco Ratto and Lukas Vogel

192: Unleashing Potential: Model-Based Reform Benchmarking for EU Member States

Philipp Pfeiffer, Janos Varga and Jan in 't Veld

191: The COVID-19 Recession on Both Sides of the Atlantic: A Model-Based Comparison

Roberta Cardani, Philipp Pfeiffer, Marco Ratto and Lukas Vogel

190: The Fiscal Effects of Terms-of-Trade-Driven Inflation

Gergő Motyovszki

189: Domestic Medium-Term Budgetary Frameworks in the EU: Fit for Purpose and for the Future?

Diana Radu

188: Macrofinancial Dynamics in a Monetary Union

Daniel Monteiro

187: The Development of Renewable Energy in the Electricity Market

Sebastian Busch, Ruben Kasdorp, Derck Koolen, Arnaud Mercier and Magdalena Spooner

186: Reviewing the National Budgetary Frameworks: An Opportunity to Strengthen Independent Fiscal Institutions?

Christos Axioglou, Oskar Grevesmühl and Martijn Hoogeland

185: National Productivity Boards: Institutional Set-up and Analyses of Productivity

Luis García, Luigi Giamboni and Mauro Vigani

184: National Fiscal Frameworks during COVID-19: Weathering the Storm, Challenges Ahead

Christian Weise

183: Googling “Inflation”: What does Internet Search Behaviour Reveal about Household (In)attention to Inflation and Monetary Policy?

Christian Buelens

182: Insolvency Frameworks across the EU:Challenges after COVID-19

Leonor Coutinho, Andreas Kappeler and Alessandro Turrini

181: Do National Fiscal Rules Support Numerical Compliance with EU Fiscal Rules?

Cristiana Manescu, Elva Bova, Martijn Hoogeland and Philipp Mohl

180: Reflections on the Role of Natural Capital for Economic Activity

Björn Döhring, Atanas Hristov, Anna Thum-Thysen and Cristiano Carvell

179: The Role of Public Development Banks & Institutions in the Implementation of the United Nations’ Agenda 2030: A Survey in Europe

Martina Colombo and Matteo Cuda

178: Slack and Tightness: Making Sense of Post COVID-19 Labour Market Developments in the EU

Áron Kiss, Maria Chiara Morandini, Alessandro Turrini and Anneleen Vandeplas

177: New Evidence on the Quality of Public Investment Management in the EU

Cristiana Manescu

176: The Possible Implications of the Green Transition for the EU Labour Market

Anneleen Vandeplas, Istvan Vanyolos, Mauro Vigani and Lukas Vogel

175: Environmental Assessments within Green Budgeting

Simona Pojar

174: Disaster Risk Financing: Limiting the Fiscal Cost of Climate-Related Disasters

Diana Radu

173: Financial Constraints of EU Firms A Sectoral Analysis

Pierfederico Asdrubali, Issam Hallak and Péter Harasztosi

172: Consumer Savings Behaviour at Low and Negative Interest Rates

Marco Felici, Geoff Kenny and Roberta Friz

171: Housing Market Developments in the Euro Area: Focus on Housing Affordability

Christine Frayne, Agnieszka Szczypińska, Bořek Vašíček and Stefan Zeugner

170: Biases in Survey Inflation Expectations: Evidence from the Euro Area

Jiaqian Chen, Lucyna Gornicka and Vaclav Zdarek

169: Explaining the Low Level of Investment in Slovenia

Joze Damijan, Jozef Konings, Črt Kostevc and Katja Zajc Kejžar

168: The Fiscal Impact of Extreme Weather and Climate Events Evidence for EU Countries

Nicola Gagliardi, Pedro Arévalo and Stéphanie Pamies

167: Public Administration Reforms in Greece during the Economic Adjustment Programmes

Vasilis Nikitas and Vasiliki Vasilopoulou

166: Energy Reforms in Greece during the Economic Adjustment Programmes

Alexander Ioannidis

165: Gender Budgeting Practices Concepts and Evidence

Elva Bova and Joana Jerosch Herold da Costa Reis

164: The EU’s Response to the COVID-19 Crisis: A Game Changer for the International Role of the Euro?

Heliodoro Temprano Arroyo

163: The Role of the Euro in Southern Neighbourhood Countries

Juan José Almagro Herrador, Mihai Macovei and Moritz Bizer

162: The Sectoral Nature of the COVID-19 Shock A Novel Approach to Quantifying its Economic Impact

Liza Archanskaia, Erik Canton, Alexandr Hobza, Plamen Nikolov and Wouter Simons

161: Capital Accumulation, Total Factor Productivity, and Employment Growth Medium-Term Relations in a Cross-Section Analysis

Robert Stehrer

160: Economic Adjustment in the Euro Area and the United States during the COVID-19 Crisis

Mirko Licchetta, Giovanni Mattozzi, Rafal Raciborski and Rupert Willis

159: Making Sense of Consumer Inflation Expectations: The Role of Uncertainty

Lovisa Reiche and Aidan Meyler

158: Comparing the Macroeconomic Policy Measures across the G20 The Crisis Response is a Long-Term Marathon

Lucia Granelli and Matteo Brunelli

157: Industrial Policy for the 21st Century Lessons from the Past

Alessio Terzi, Aneil Singh and Monika Sherwood

156: Immovable Property Taxation for Sustainable and Inclusive Growth

Alexander Leodolter, Savina Princen and Aleksander Rutkowski

155: Does Media Visibility Make EU Fiscal Rules More Effective?

Philipp Mohl, Gilles Mourre, Sven Langedijk and Martijn Hoogeland

154: Public Investment Management in the EU Key Features and Practices

Cristiana Manescu

153: The Euro Area's Pandemic Recession: A DSGE-Based Interpretation

Roberta Cardani, Olga Croitorov, Massimo Giovannini, Philipp Pfeiffer, Marco Ratto and Lukas Vogel

152: Reflections on Complementarities in Capital Formation and Production: Tangible and Intangible Assets across Europe

Anna Elisabeth Thum, Peter Voigt and Christoph Weiss

151: Costly Disasters and the Role of Fiscal Policy: Evidence from US States

Fabio Canova and Evi Pappa

150: Disaster Risk Financing: Main Concepts and Evidence from EU Member States

Diana Radu

149: Methodologies for the Assessment of Real Effective Exchange Rates

Leonor Coutinho, Nuria Mata Garcia, Alessandro Turrini and Goran Vukšić

148: Output Gap Estimation Using the European Union’s Commonly Agreed Methodology Vade Mecum & Manual for the EUCAM Software

François Blondeau, Christophe Planas and Alessandro Rossi

147: Euro Area Housing Markets: Trends, Challenges and Policy Responses

Vítor Martins, Alessandro Turrini, Bořek Vašíček and Madalina Zamfir

146: E-QUEST – A Multi-Region Sectoral Dynamic General Equilibrium Model with Energy Model Description and Applications to Reach the EU Climate Targets

Janos Varga, Werner Roeger and Jan in 't Veld

145: Trend Capital when Goods and Capital Market Frictions Exist

Valerie Vandermeulen and Werner Roeger