Publications

  • Is the recent increase in long-term interest rates a threat to euro-area recovery? with K. Efstathiou. Policy Brief prepared for the Economic and Monetary Affairs Committee (ECON) of the European Parliament. Bruegel Policy Contribution, 2017. Download here
    • A New Liquidity Risk Measure for the Chilean Banking Sector, with S. Becerra and J.-F. Martínez, Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 19(3), pages 026-067, December, 2016Download here
      • Quelle place pour les marchés financiers en Europe ? Revue d'Économie Financière, vol. 123, pp. 124-145, 2016. Download here
      • Low long-term rates: bond bubble or symptom of secular stagnation? Policy Brief prepared for the Economic and Monetary Affairs Committee (ECON) of the European Parliament. Bruegel Policy Contribution,  2016. Download here
        • A Proposal to Revive the European Fiscal Framework, with Z. Darvas and A. Leandro. Bruegel Policy Contribution, 2016. Download here
        • The European Central Bank's Quantitative Easing Programme: Limits and Risks, with A. Leandro. Policy Brief prepared for the Economic and Monetary Affairs Committee (ECON) of the European Parliament. Bruegel Policy Contribution, 2016. Download here
        • Is Globalisation Reducing the Ability of Central Banks to Control Inflation?, with G. Wolff. Policy Brief prepared for the Economic and Monetary Affairs Committee (ECON) of the European Parliament. Bruegel Policy Contribution, 2015. Download here
        • The Effects of Ultra-loose Monetary Policy on Inequality, with Z. Darvas, A. Leandro and T. Walsh. Policy Brief prepared for the Economic and Monetary Affairs Committee (ECON) of the European Parliament. Bruegel Policy Contribution, 2015. Download here
        • The Financial Stability Risks of Ultra-loose Monetary Policy, with Z. Darvas. Policy Brief prepared for the Economic and Monetary Affairs Committee (ECON) of the European Parliament. Bruegel Policy Contribution, 2015. Download here
        • European Central Bank Quantitative Easing: the Detailed Manual, with A. Leandro, and A. Mandra. Bruegel Policy Contribution, 2015. Download here
        • Benefits and Drawbacks of European Unemployment Insurance, with Z. Darvas, and G. Wolff. Bruegel Policy Brief prepared for Informal ECOFIN in Milan on 13 September, 2014. Download here
        • The (Not So) Unconventional Monetary Policy of the European Central Bank since 2008. Policy Brief prepared for the Economic and Monetary Affairs Committee (ECON) of the European Parliament, 2014. Download here 
        • Addressing weak inflation: the ECB’s shopping list, with Z. Darvas, S. Merler and G. Wolff. Bruegel Policy Contribution, 2014. Download here 
        • ECB Accountability: How the Monetary Dialogue Could Evolve, with M. Hallerberg and O. Tschekassin. Policy Brief prepared for the Economic and Monetary Affairs Committee (ECON) of the European Parliament. Bruegel Policy Contribution, 2014. Download here 


        Working Papers

        • Bond Auctions and Financial Sector Liquidity Risk, with Katerina-Chara Papioti. Download here (as the first chapter of my PhD Thesis)
        • Twin Crisis, Sudden Stop and the Exchange Rate Regime. Download here (as the third chapter of my PhD Thesis)
        • Risk-sharing through Financial Intermediaries and Markets: an Intergenerational Perspective. Download here (as the second chapter of my PhD Thesis)