Research
What's new
On Household labour supply in sticky-wage HANK models
With Rafael Gerke, Sebastian Giesen, and Joost Röttger (Discussion Paper No 01/2024, Deutsche Bundesbank).
Working Papers
Who gets jobs matters: monetary policy and the labour market in HANK and SAM
With Uroš Herman (ECB WP No. 2850). An updated and improved version is available as the Central Bank of Ireland Research Technical Paper 10RT23.
A Single Monetary Policy for Heterogeneous Labour Markets: The Case of the Euro Area
With Sandra Gomes and Pascal Jacquinot (Central Bank of Ireland RTP No. 3/2023, or Banco de Portugal WP No 1/2023, or ECB WP No. 2769).
Also available in a shorter form as a SUERF Policy Brief No. 575.
Publications
With Günter Coenen and Romanos Priftis (European Economic Review, forthcoming). FREE VERSION (until 28 August) is HERE
The working paper version is available here: (ECB WP No. 2819). Also available as Central Bank of Ireland Research Technical Paper 8RT23.
Global Models for a Global Pandemic: The Impact of COVID-19 on Small Euro Area Economies
With Pablo Garcia, Pascal Jacquinot, Črt Lenarčič, and Kostas Mavromatis (Journal of Macroeconomics, vol. 77, 103551, 2023)
The earlier working paper version is available here: (ECB Working Paper No 2603). Also available in a shorter form as a SUERF Policy Brief No. 272.
Countercyclical Capital Regulation in a Small Open Economy DSGE Model
With Luca Onorante and Ansgar Rannenberg (Macroeconomic Dynamics, vol. 27(5), pages 1230-1267, 2023).
The earlier working paper version is available here.
Macroeconomic Effects of Tariffs Shocks: The Role of the Effective Lower Bound and the Labour Market
With Pascal Jacquinot and Massimiliano Pisani (Journal of International Money and Finance, vol. 120, 2022).
The earlier working paper version is available here. (An even earlier title was: Nobody Wins: Protectionism and (Un)Employment In a Model-Based Analysis)
Cross-Border Bank Funding and Lending in a Monetary Union: Evidence from Slovenia
With Uroš Herman (Journal of International Money and Finance, vol. 115(C), 2021).
An earlier version is available here.
Fiscal Policy Spillovers in a Monetary Union
With Graeme Walsh (Open Economies Review, vol. 32(5), 2021).
With Rónán Hickey and Diarmaid Smyth (Economic Modelling, vol. 93(C), pages 620-641, 2020).
The earlier working paper version is here.
Economic Migration and Business Cycles In a Small Open Economy with Matching Frictions
(Economic Modelling, vol. 81, pages 604-620, 2019).
Link to the earlier working paper version is here.
Comparing Fiscal Multipliers across Models and Countries in Europe
with Juha Kilponen, Massimiliano Pisani, Sebastian Schmidt, Vesna Corbo, Tibor Hledik, Josef Hollmayr, Samuel Hurtado, Paulo Julio, Dmitry Kulikov, Matthieu Lemoine, Henrik Lundvall, Jose Maria, Brian Micallef, Dimitris Papageorgiou, Jakub Rysanek, Dimitrios Sideris, Caros Thomas, Gregory de Walque (International Journal of Central Banking, vol. 15(3), pages 285-320, 2019).
Link to the earlier working paper version is here.
Flexibility of New Hires’ Earnings in Ireland
with Reamonn Lydon (Labour Economics, vol. 53(C), pages 112-127, 2018).
Link to the earlier working paper version is here.
with Pascal Jacquinot and Massimiliano Pisani (International Journal of Central Banking, vol. 14(3), pages 65-140, 2018).
Link to the earlier working paper version is here.
The Macroeconomic Effects of the LTV and LTI Ratios in Ireland
with Ansgar Rannenberg (Applied Economics Letters, vol. 25(21), pages 1507-1511, 2018).
with Daragh Clancy and Pascal Jacquinot (Journal of Macroeconomics, vol. 48(C), pages 305-326, 2016).
Link to the earlier working paper version is here.
Pigou Cycles in Closed and Open Economies with Matching Frictions
with Wouter J. den Haan (NBER International Seminar on Macroeconomics, vol. 7(1), pages 193-234, 2011).
Chapters and some of the policy work
Economic Migration with Matching Frictions and Business Cycle Amplification
Chapter in Understanding Migration with Macroeconomics, by Vella, E., Caballé, J., Llull, J. (eds.), Palgrave Macmillan, 2020.
Irish Government Investment, Financing and the Public Capital Stock
with Ronan Hickey and Diarmaid Smyth (Central Bank of Ireland, Quarterly Bulletin Articles, pages 64-76, 2018).
Using the Countercyclical Capital Buffer: Insights from a structural model
with Martin O'Brien (Central Bank of Ireland, Economic Letters, 7/EL/18, 2018).
Synchronization and Decoupling of Cycles in Slovenia
with Boštjan Jazbec and Uroš Herman (Financial Cycles and the Real Economy, chapter 6, pages 77-95, 2014).
Work in progress (or regress...)
Tail-Based Pricing of Stability Notes
with Casper G. de Vries.