Nowcasting, that is, forecasting the current economic conditions, is a key ingredient for decision making, but it complex, even more so small open economy, due to higher volatility of its GDP. In this paper, we review required steps, taking Luxembourg as an example. We consider both standard and alternative indicators, used inputs in several nowcasting methods, including various factor machine ...

• We examine the open-economy implications of introduction a central bank digital currency (CBDC). analyze international transmission standard monetary policy and technology shocks in presence absence CDBC. The CBDC amplifies spill-overs to significant extent. magnitude these effects depends crucially on design Domestic issuance increases asymmetries system. A two-country DSGE model with (CBDC)...

Motivated by recent evidence pointing at an increase in the TFP following higher government spending, we explore how technology affects sectoral fiscal multipliers open economy. Our estimates for eighteen OECD countries over 1970-2015 reveal that a spending shock increases significantly non-traded-goods-sector share of total hours worked while response value added non-tradables (at constant pri...