"Monetary consequences of fiscal dominance risk", SUERF Policy Brief, April 2024

"Key features of the ECB’s new monetary policy strategy: A New Keynesian perspective", VoxEU column, March 2022 

"Monetary-fiscal policy interactions in the euro area", with ESCB colleagues, ECB Occasional Paper Series 273, September 2021

"The ECB’s price stability framework: past experience, and current and future challenges", with ESCB colleagues, ECB Occasional Paper Series 269, September 2021

"Avoiding a self-fulfilling low-inflation trap", ECB Research Bulletin No. 85, June 2021; also published as VoxEU column

"When flexible exchange rates don’t insulate economies from external shocks", with Giancarlo Corsetti, Keith Kuester and Gernot Müller, VoxEU column, January 2021

"The New Area-Wide Model II: an extended version of the ECB’s micro-founded model for forecasting and policy analysis with a financial sector," with Günter Coenen, Peter  Karadi and Anders Warne, ECB Working Paper No 2200, November 2018

"The effective lower bound and the desirability of gradual interest rate adjustments," ECB Research Bulletin, April 2018

"Business cycle stabilisation in the Eurozone: Ways forward," with G. Corsetti, L. Dedola, M. Jarociński and B. Maćkowiak, VoxEU column, October 2017

"DSGE models and counterfactual analysis," with G. Coenen, R. Motto, M. Rostagno, and F. Smets, in: R. S. Gürkaynak and C. Tille (eds.), DSGE Models in the Conduct of Policy: Use as intended, VoxEU.org Book, CEPR Press, April 2017.

"The effective lower bound: some implications for inflation dynamics beyond the current low interest rate environment," ECB Research Bulletin, November 2016

"The role of the ECB’s asset purchases in preventing a potential de-anchoring of longer-term inflation expectations," with G. Coenen, ECB Research Bulletin, July 2016

"The Risk of Returning to the Effective Lower Bound: An Implication for Inflation Dynamics after Lift-Off," with T. Hills and T. Nakata, FEDS Notes, February 2016

"Dealing with a Liquidity Trap when Government Debt Matters," ECB Research Bulletin No. 21, Spring 2014