Archives for CORE

Public Debt as Private Liquidity: Optimal Policy Fabrice COLLARD, University of Bern (Joint paper with G.M. Angeletos and G. Dellas) We study the Ramsey policy problem in an economy in which public debt contributes to the supply of assets that private agents can use as buffer stock and...

Aggregation of Demand-Side Flexibility in Electricity Markets: The Effects of Portfolio Choice Ieva Linkeviciute, Copenhagen Business School Aggregation of demand-side flexibility for balancing purposes is seen as one way to cope with the challenges imposed by increasing share of renewable...

Impulse Response Estimation by Smooth Local Projections Christian Brownlees, Universitat Pompeu Fabra (joint with Regis Barnichon) Vector autoregressions (VAR) and local projections (LP) are well established methodologies for the estimation of impulse responses (IR). These techniques...

Dynamic Instrumental Variable Quantile Regression with Unbalanced Panel Data and Interactive Effects Jau-er Chen, National Taiwan University and MIT This paper studies a dynamic panel instrumental variable quantile regression with interactive effects and an unbalanced panel dataset. The...