EU fiscal rules and multiple equilibria
I examine the reformed EU fiscal rules using a framework inspired by Lorenzoni & Werning (2019), focusing on whether the rules guarantee a unique low-debt equilibrium.
Current projects from my doctoral research. Working papers will be linked here once they are available.
I examine the reformed EU fiscal rules using a framework inspired by Lorenzoni & Werning (2019), focusing on whether the rules guarantee a unique low-debt equilibrium.
I estimate a Bayesian structural VAR with sign, zero and narrative restrictions to study how successful fiscal consolidations work and why their effects differ across episodes.
MATLAB tool for replicating the European Commission's debt sustainability analysis under the new EU fiscal framework. The browser version runs the same model interactively.