Unter der Leitung von Univ.-Prof. Christian Keuschnigg, finanziert vom Jubiläumsfonds der OeNB.
The research project “Bank and Capital Market Regulation: A Quantitative Analysis for Austria” consists of three distinct parts, namely, (i) macroeconomic adjustment in a monetary union; (ii) banks, reallocation, and creative destruction; (iii) fiscal consolidation after the Covid-19 crisis. All three parts share a common methodology, namely, dynamic stochastic general equilibrium (DSGE) analysis. This approach represents the state of the art of quantitative analysis in macroeconomics and is suitable for studying both short-term (e.g., macroeconomic stabilization, monetary policy) and long-term phenomena (e.g., growth, productivity). In particular, it allows for quantitative simulations of counterfactual policies and scenarios that are key in each part of the project.