https://www.esm.europa.eu/publications/pricing-g7-sovereign-bond-spreads-times-they-are-a-changin Download PDF: The Pricing of G7 Sovereign Bond Spreads Author: Antonello D’Agostino | Senior Economist in the Economics and Policy Strategy department with Michael Ehrmann Abstract: Against the background of the current debate about fiscal sustainability in several advanced economies, this paper...

https://www.esm.europa.eu/publications/understanding-and-forecasting-aggregate-and-disaggregate-price-dynamics Read publication: Understanding and Forecasting Aggregate and Disaggregate Price Dynamics Author: Antonello D’Agostino | Senior Economist in the Economics and Policy Strategy department with Colin Bermingham Abstract: There are doubts regarding the empirical benefits of forecast aggregation...

https://www.esm.europa.eu/publications/eire-mod-dsge-model-ireland Download PDF: ÉIRE Mod: A DSGE Model for Ireland Author: Daragh Clancy | Senior Economist at the European Stability Mechanism with Rossana Merola Abstract We present ÉIRE Mod, a quarterly DSGE model developed for macroeconomic policy analysis in Ireland. We simulate productivity and wage and price...

https://www.esm.europa.eu/publications/growth-perspective-foreign-reserve-accumulation Read publication: A Growth Perspective on Foreign Reserve Accumulation Author: Gong Cheng | Economist and policy strategist at the European Stability Mechanism Abstract: Based on a dynamic open-economy macroeconomic model, this paper analyzes the motive for foreign reserve accumulation in fast...

https://www.esm.europa.eu/publications/esm-annual-report-2012 Download PDF: ESM Annual Report 2012 The annual report contains a description of the ESM's policies, activities, financial statements and economic developments in 2012. Additionally, it contains an external auditor's report and a report of the Board of Auditors. Excerpt of the message from the...

https://www.esm.europa.eu/publications/foreign-reserves-crises-and-growth Download PDF: Foreign Reserves, Crises and Growth Author: Gong Cheng | Economist and policy strategist at the European Stability Mechanism Abstract: This thesis includes three essays on foreign reserves, crises and growth. Chapter 1 proposes a theoretical model to look at foreign reserve...

https://www.esm.europa.eu/publications/balance-sheet-effects-foreign-reserves-and-public-policies-0 Download PDF: Balance Sheet Effects, Foreign Reserves and Public Policies Author: Gong Cheng | Economist and policy strategist at the European Stability Mechanism Abstract: Based on a theoretical model, this paper shows that foreign reserves are useful for a country to enhance the resilience of its...

https://www.esm.europa.eu/publications/few-dollars-more-reserves-and-growth-times-crises Download PDF: For a few dollars more: Reserves and growth in times of crises Author: Gong Cheng | Economist and policy strategist at the European Stability Mechanism Abstract: Based on a dataset of 112 emerging economies and developing countries, this paper addresses the question whether the...

https://www.esm.europa.eu/publications/esm-annual-report-2013 Download PDF: ESM Annual Report 2013 The annual report contains a description of the ESM's policies, activities, financial statements and economic developments in 2013. Additionally, it contains an external auditor's report and a report of the Board of Auditors. Excerpt of the message from the...

https://www.esm.europa.eu/publications/esm-annual-report-2014 Download PDF: ESM Annual Report 2014 The annual report contains a description of the ESM's policies, activities, financial statements and economic developments in 2014. Additionally, it contains an external auditor's report and a report of the Board of Auditors. Excerpt of the message from the...

https://www.esm.europa.eu/publications/factsheet-esmefsf-programmes-greece Factsheet: ESM/EFSF programmes for Greece