Blog posts

Central bank digital currency policies in open economies

(with Michael Kumhof, Marco Pinchetti and Phurichai Rungcharoenkitkul)

VoxEU

CBDC policies in open economies

(with Michael Kumhof, Marco Pinchetti and Phurichai Rungcharoenkitkul)

SUERF

Striking a Bargain: Narrative Identification of Wage Bargaining Shocks

(with Zymantas Budrys and Mario Porqueddu) 

VoxEU

How does international capital flow?

(with Michael Kumhof and Phurichai Rungcharoenkitkul)

Bank Underground

Capital flights during Covid-19

(with Fernando Eguren-Martin, Cian O'Neill and Lukas Von dem Berge) 

Bank Underground

Inflation in a changing economic environment: insights from a conference at the ECB

(with Michael Ehrmann, Marek Jarociński, Christiane Nickel and Chiara Osbat) 

VoxEU

Look abroad! Global financial conditions and risks to domestic growth

(with Fernando Eguren-Martin) 

Bank Underground 

Does domestic uncertainty really matter for the economy?

Ambrogio Cesa-Bianchi, Chris Redl and Gregory Thwaites 

Bank Underground 

Policy papers

Striking a Bargain: Narrative Identification of Wage Bargaining Shocks

(with Zymantas Budrys and Mario Porqueddu) 

European Central Bank Research Bulletin n. 98, 2022

Drivers of underlying inflation in the euro area over time: a Phillips curve perspective

(with Elena Bobeica) 

European Central Bank Economic Bulletin, Issue 4, 2019

Gauging the globe: the Bank's approach to nowcasting world GDP

(with Gene Kindberg-Hanlon) 

Bank of England Quarterly Bulletin, 2018Q3

Policy contributions

Understanding low inflation in the euro area from 2013 to 2019: cyclical and structural drivers

(G. Koester, E. Liz, C. Nickel, C. Osbat, F. Smets, editors) 

European Central Bank Occasional Paper 280

Evolution of the ECB's analytical framework

(A. Musso, T. Vlassopoulos, F. Holm-Hadoulla, D. Rodriguez-Palenzuela, editors) 

European Central Bank Occasional Paper 277

Employment and the conduct of monetary policy in the euro area

(C. Brand, M. Obstbaum, G. Coenen, D. Sondermann, R. Lydon, editors) 

European Central Bank Occasional Paper 275

The Phillips curve at the ECB

(F. Eser, P. Karadi, P. Lane, L. Moretti and C. Osbat) 

The Manchester School, Volume 88, Issue S1, 2020.