Joint research unit 7235

Evaluating the Macroeconomic Effects of the ECB’s Unconventional Monetary Policies

Sarah Mouabbi, Jean-Guillaume Sahuc

We quantify the macroeconomic effects of the European Central Bank’s unconventional monetary policies using a DSGE model which includes a set of shadow interest rates. Extracted from the yield curve, these shadow rates provide unconstrained measures of the overall stance of monetary policy. Counterfactual analyses show that, without unconventional measures, the euro area would have suffered (i) a substantial loss of output since the Great Recession and (ii) a period of deflation from mid-2015 to early 2017. Specifically, year-on-year inflation and GDP growth would have been on average about 0.61% and 1.09% below their actual levels over the period 2014Q1-2017Q2, respectively.

AGENDA

Monday 26 September 2022

Law, Institutions and Economics in Nanterre (LIEN)

Marie Layoun (U Panthéon Assas)

En salle 614 et en distanciel

Electricity shortage and municipal elections: Evidence from Lebanon

Monday 26 September 2022

Electricity shortage and municipal elections: Evidence from Lebanon

Marie Layoun (U Panthéon Assas)

En salle 614 et en distanciel

Electricity shortage and municipal elections: Evidence from Lebanon

Thursday 29 September 2022

Doctorants

Milien Dhorne

Towards carbon neutrality and energy independence in Europe: Can new storage and renewables push fossil fuels out?

Thursday 29 September 2022

Towards carbon neutrality and energy independence in Europe: Can new storage and renewables push fossil fuels out?

Milien Dhorne

Towards carbon neutrality and energy independence in Europe: Can new storage and renewables push fossil fuels out?

Thursday 29 September 2022

Introduction à l’apprentissage artificiel

Mathieu Bernard

Introduction à l’apprentissage artificiel

Thursday 29 September 2022

Groupe de travail “Intelligence artificielle”

Mathieu Bernard

Introduction à l’apprentissage artificiel

Friday 30 September 2022

Professeurs invités

Tobias Kretschmmer

Tuesday 4 October 2022

Présentation de l’ouvrage “Sociologie historique du capitalisme”, Paris, La Découverte, 2021

Claire Lemercier (CNRS, CSO Sciences Po Paris) et Pierre François (CNRS, CSO Sciences Po Paris)

salle G614B - 13H15 / 15H30

Présentation de l’ouvrage “Sociologie historique du capitalisme”, Paris, La Découverte, 2021

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