• A Bayesian DSGE approach to modelling cryptocurrency 

      Asimakopoulos, Stylianos; Lorusso, Marco; Ravazzolo, Francesco (Journal article; Peer reviewed, 2023)
      We develop and estimate a DSGE model to evaluate the economic repercussions of cryptocurrency. In our model, cryptocurrency offers an alternative currency option to government currency, with endogenous supply and demand. ...
    • Costly reversals of bad policies: The case of the mortgage interest deduction 

      Karlman, Markus; Kinnerud, Karin; Kragh-Sørensen, Kasper (Journal article; Peer reviewed, 2020)
      This paper measures the welfare effects of removing the mortgage interest deduction under a variety of implementation scenarios. To this end, we build a life-cycle model with heterogeneous households calibrated to the U.S. ...
    • Output gap, monetary policy trade-offs, and financial frictions 

      Furlanetto, Francesco; Gelain, Paolo; Taheri Sanjani, Marzie (Journal article; Peer reviewed, 2021)
      This paper investigates how the presence of pervasive financial frictions and large financial shocks changes the optimal monetary policy prescriptions and the estimated dynamics in a New Keynesian model. We find that ...
    • Output gap, monetary policy trade-offs, and financial frictions 

      Furlanetto, Francesco; Gelain, Paolo; Taheri Sanjani, Marzie (Journal article; Peer reviewed, 2021)
      This paper investigates how the presence of pervasive financial frictions and large financial shocks changes the optimal monetary policy prescriptions and the estimated dynamics in a New Keynesian model. We find that ...