

Kostas Mavromatis
470 posts

@MavromatisK
Principal Economist at De Nederlandsche Bank / Dutch Central Bank. Own views only





🚨 New Paper and Public Good🚨 "The Global Macro Database: A New International Macroeconomic Dataset", joint with @chenzix, Mohammed Lehbib, and Ziliang Chen. We built the most comprehensive macro database ever—covering 243 countries from 1086-today, integrating 110 sources. 🧵




New paper on Fragmented Monetary Unions. We provide a theory to understand why fragmentation risk threatens price stability in the euro area, some monetary interventions by the ECB (OMT, PEPP, TPI), and why the ECB is not your usual central bank. crei.cat/wp-content/upl…




US fiscal policy has a serious case of long-COVID. Total debt issuance in 2023 was 8.7% of GDP, the kind of debt financing we usually only have in crisis periods. The way we're financing this without yields spiking is by shifting issuance to the very short end of the yield curve.








