Content
March 2019, Volume 15, Issue 1
- 107-156 Are Basel's Capital Surcharges for Global Systemically Important Banks Too Small?
by Wayne Passmore & Alexander H. von Hafften - 157-197 Home Bias in Bank Sovereign Bond Purchases and the Bank-Sovereign Nexus
by Desislava C. Andreeva & Thomas Vlassopoulos - 199-232 Missing Disinflation and Missing Inflation: A VAR Perspective
by Elena Bobeica & Marek Jarociński - 233-277 Deflation Probability and the Scope for Monetary Loosening in the United Kingdom
by Alex Haberis & Riccardo M. Masolo & Kate Reinold - 279-326 Financial Stability and Optimal Interest Rate Policy
by Andrea Ajello & Thomas Laubach & David López-Salido & Taisuke Nakata - 327-362 The Synchronization of Business Cycles and Financial Cycles in the Euro Area
by William Oman
December 2018, Volume 14, Issue 5
- 1-53 Taylor-Rule Exit Policies for the Zero Lower Bound
by Siddartha Chattopadhyay & Betty C. Daniel - 55-101 Decaying Expectations: What Inflation Forecasts Tell Us about the Anchoring of Inflation Expectations
by Aaron Mehrotra & James Yetman - 103-152 Unconventional Monetary Policy and the Dollar: Conventional Signs, Unconventional Magnitudes
by Reuven Glick & Sylvain Leduc - 153-191 Leverage and Risk-Weighted Capital Requirements
by Leonardo Gambacorta & Sudipto Karmakar - 193-222 The Effect of ECB Forward Guidance on the Term Structure of Interest Rates
by Paul Hubert & Fabien Labondance - 223-258 Information Design, Signaling, and Central Bank Transparency
by Wataru Tamura - 259-304 The Cost of Quantitative Easing: Liquidity and Market Functioning Effects of Federal Reserve MBS Purchases
by John Kandrac - 305-346 A Shadow Policy Rate to Calibrate U.S. Monetary Policy at the Zero Lower Bound
by Marco J. Lombardi & Feng Zhu
September 2018, Volume 14, Issue 4
- 1-42 A Narrative indicator of Monetary Conditions in China
by Rongrong Sun - 43-92 Do Phillips Curves Conditionally Help to Forecast Inflation?
by Michael Dotsey & Shigeru Fujita & Tom Stark - 93-161 The Effects of Government Bond Purchases on Leverage Constraints of Banks and Non-Financial Firms
by Michael Kühl - 163-185 Central Banks' Predictability: An Assessment by Financial Market Participants
by Bernd Hayo & Matthias Neuenkirch - 187-228 Crises and Rescues: Liquidity Transmission through Global Banks
by Claudia Buch & Cathérine Koch & Michael Koetter - 229-274 The Impact of Monetary Strategies on Inflation Persistence
by Evžen Kočenda & Balázs Varga - 275-325 Deviations from Covered Interest Rate Parity and the Dollar Funding of Global Banks
by Tomoyuki Iida & Takeshi Kimura & Nao Sudo - 327-358 Monetary Policy and Defaults in the United States
by Michele Pfiffer
June 2018, Volume 14, Issue 3
- 7-52 Fiscal Consolidation in a Low-Inflation Environment: Pay Cuts versus Lost Jobs
by Guilherme Bandeira & Evi Pappa & Rana Sajedi & Eugenia Vella - 65-140 Labor Tax Reforms, Cross-Country Coordination, and the Monetary Policy Stance in the Euro Area: A Structural Model-Based Approach
by Pascal Jacquinot & Matija Lozej & Massimiliano Pisani - 153-165 Monetary and Fiscal Policy Interactions and the Labor Market
by Frank Smets - 167-227 Tracking Monetary-Fiscal Interactions across Time and Space
by Michal Franta & Jan Libich & Petr Stehlík - 237-280 Should the ECB Coordinate EMU Fiscal Policies?
by Tatiana Kirsanova & Celsa Machado & Ana Paula Ribeiro - 289-324 Sovereign Default and Monetary Policy Tradeoffs
by Huixin Bi & Eric M. Leeper & Campbell Leith - 337-346 Pitfalls of Coordination?
by Sergey Slobodyan - 347-376 Welfare Effects of Tax Policy in Open Economies: Stabilization and Cooperation
by Jinill Kim & Sunghyun Kim - 389-436 Optimal Monetary Policy and Fiscal Policy Interaction in a Non-Ricardian Economy
by Massimiliano Rigon & Francesco Zanetti - 447-470 Independent Central Banks and the Interplay between Monetary and Fiscal Policy
by Athanasios Orphanides
March 2018, Volume 14, Issue 2
- 1-50 Fiscal Policy Stabilization: Purchases or Transfers?
by Neil R. Mehrotra - 51-112 Evaluating Indicators for Use in Setting the Countercyclical Capital Buffer
by Eero Tölö & Helinä Laakkonen & Simo Kalatie - 113-158 The Rate Elasticity of Retail Deposits in the United Kingdom: A Macroeconomic Investigation
by Ching-Wai (Jeremy) Chiu & John Hill - 159-204 Targeting Constant Money Growth at the Zero Lower Bound
by Michael T. Belongia & Peter N. Ireland - 205-262 Learning about Commodity Cycles and Saving-Investment Dynamics in a Commodity-Exporting Economy
by Jorge Fornero & Markus Kirchner - 263-300 Bond Vigilantes and Inflation
by Andrew K. Rose & Mark M. Spiegel - 301-340 Global Factors in the Term Structure of Interest Rates
by Mirko Abbritti & Salvatore Dell’Erba & Antonio Moreno & Sergio Sola - 341-391 Expectations about the Federal Reserve’s Balance Sheet and the Term Structure of Interest Rates
by Jane Ihrig & Elizabeth Klee & Canlin Li & Min Wei & Joe Kachovec
January 2018, Volume 14, Issue 1
- 1-34 Reassessing the Role of Labor Market Institutions for the Business Cycle
by Mirko Abbritti & Sebastian Weber - 35-71 Tail Co-movement in Inflation Expectations as an Indicator of Anchoring
by Filippo Natoli & Laura Sigalotti - 73-131 Monetary Policy, Financial Conditions, and Financial Stability
by Tobias Adrian & Nellie Liang - 133-158 Optimality of the Friedman Rule in Economies with Money Demand by Firms
by Mehrab Kiarsi - 159-199 The Effects of Monetary and Exchange Rate Policy Shocks: Evidence from an Emerging Market Economy
by Yasin Kursat Onder & Mauricio Villamizar-Villegas - 201-257 Monetary and Macroprudential Policies to Manage Capital Flows
by Juan Pablo Medina & Jorge Roldós - 259-316 Measuring the Natural Interest Rate for the Turkish Economy
by Vuslat Us - 317-364 Currency Mismatch in the Banking Sector in Latin America and the Caribbean
by Martin Tobal
December 2017, Volume 13, Issue 4
- 1-34 A Global Trade Model for the Euro Area
by Antonello D’Agostino & Michele Modugno & Chiara Osbat - 35-62 Optimal Monetary Policy with Nominal Rigidities and Lumpy Investment
by Tommy Sveen & Lutz Weinke - 63-95 Disruptions in Large-Value Payment Systems: An Experimental Approach
by Klaus Abbink & Ronald Bosman & Ronald Heijmans & Frans van Winden - 97-145 Cyclicality and Firm Size in Private Firm Defaults
by Thais Lærkholm Jensen & David Lando & Mamdouh Medhat - 147-189 Predicting Vulnerabilities in the EU Banking Sector: The Role of Global and Domestic Factors
by Markus Behn & Carsten Detken & Tuomas Peltonen & Willem Schudel - 191-226 The Great Globalization and Changing Inflation Dynamics
by Chengsi Zhang - 227-258 Quantitative Easing and Tapering Uncertainty: Evidence from Twitter
by Annette Meinusch & Peter Tillmann - 259-306 Fiscal Consolidation in an Open Economy with Sovereign Premia and without Monetary Policy Independence
by Apostolis Philippopoulos & Petros Varthalitis & Vanghelis Vassilatos
September 2017, Volume 13, Issue 3
- 1-42 Are Low Real Interest Rates Here to Stay?
by Lukasz Rachel & Thomas D. Smith - 55-89 Monetary Policy, the Financial Cycle, and Ultra-Low Interest Rates
by Mikael Juselius & Claudio Borio & Piti Disyatat & Mathias Drehmann - 103-117 Commentary: Low Interest Rates: Causes and Consequences
by Robert E. Hall - 119-154 Macroprodential Policy under Uncertainty
by Saleem Bahaj & Angus Foulis - 165-202 Lower-Bound Beliefs and Long-Term Interest Rates
by Christian Grisse & Signe Krogstrup & Silvio Schumacher - 213-268 Capital Injection to Banks versus Debt Relief to Households
by Jinhyuk Yoo - 277-285 Commentary: Policies for Crises Prevention and Management
by Arvind Krishnamurthy - 287-320 Leaning Against the Wind When Credit Bites Back
by Karsten R. Gerdrup & Frank Hansen & Tord Krogh & Junior Maih - 337-373 Monetary Policy, Private Debt, and Financial Stability Risks
by Gregory H. Bauer & Eleonora Granziera - 385-408 Commentary: Leaning Against the Wind: Costs and Benefits, Effects on Debt, Leaning in DSGE Models, and a Framework for Comparison of Results
by Lars E.O. Svensson
June 2017, Volume 13, Issue 2
- 1-31 Inferring Inflation Expectations from Fixed-Event Forecasts
by Diego Winkelried - 33-71 Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion: An Experimental Examination
by Douglas Davis & Edward Simpson Prescott - 73-120 To Respond or Not to Respond: Measures of the Output Gap in Theory and in Practice
by Guy Segal - 121-158 When the Walk Is Not Random: Commodity Prices and Exchange Rates
by Emanuel Kohlscheen & Fernando Avalos & Andreas Schrimpf - 159-196 The Effects of Monetary Policy Accouncements at the Zero Lower Bound
by Natsuki Arai - 197-234 Assessing the Sources of Credit Supply Tightening: Was the Sovereign Debt Crisis Different from Lehman?
by Paolo Del Giovane & Andrea Nobili & Federico M. Signoretti - 235-282 Joint Validation of Credit Rating PDs under Default Correlation
by Ricardo Schechtman - 283-308 Currency Wars, Coordination, and Capital Controls
by Olivier Blanchard
March 2017, Volume 13, Issue 2
- 1-4 International Prudential Policy Spillovers: Evidence from the International Banking Research Network
by Claudia M. Buch & Matthieu Bussière, & Linda Goldberg - 5-33 International Prudential Policy Spillovers: A Global Perspective
by Stefan Avdjiev & Cathérine Koch & Patrick McGuire & Goetz von Peter - 35-64 International Banking and Cross-Border Effects of Regulation: Lessons from Canada
by H. Evren Damar & Adi Mordel - 65-93 International Banking and Cross-Border Effects of Regulation: Lessons from Switzerland
by Simone Auer & Maja Ganarin & Pascal Towbin - 95-127 International Banking and Cross-Border Effects of Regulation: Lessons from Chile
by Alejandro Jara & Luis Cabezas - 129-162 International Banking and Cross-Border Effects of Regulation: Lessons from Germany
by Jana Ohls & Marcus Pramor & Lena Tonzer - 163-193 International Banking and Cross-Border Effects of Regulation: Lessons from France
by Matthieu Bussière & Julia Schmidt & Frédéric Vinas - 195-221 International Banking and Cross-Border Effects of Regulation: Lessons from Hong Kong
by Kelvin Ho & Eric Wong & Edward Tan - 223-247 International Banking and Cross-Border Effects of Regulation: Lessons from Italy
by Marianna Caccavaio & Luisa Carpinelli & Giuseppe Marinelli - 249-271 International Banking and Cross-Border Effects of Regulation: Lessons from Mexico
by Gabriel Levin-Konigsberg & Calixto López & Fabrizio López-Gallo & Serafín Martínez-Jaramillo - 271-292 International Banking and Cross-Border Effects of Regulation: Lessons from Korea
by Hyunggeun Park & Jungyeoun Lee - 293-313 International Banking and Cross-Border Effects of Regulation: Lessons from the Netherlands
by Jon Frost & Jakob de Haan & Neeltje van Horen - 315-340 International Banking and Cross-Border Effects of Regulation: Lessons from Poland
by Krzysztof Gajewski & Oskar Krzesicki - 341-377 International Banking and Cross-Border Effects of Regulation: Lessons from Portugal
by Diana Bonfim & Sónia Costa - 379-403 International Banking and Cross-Border Effects of Regulation: Lessons from Turkey
by Yusuf Soner Baskaya & Mahir Binici & Turalay Kenç - 404-433 International Banking and Cross-Border Effects of Regulation: Lessons from the United Kingdom
by Robert Hills & Dennis Reinhardt & Rhiannon Sowerbutts & Tomasz Wieladek - 435-476 International Banking and Cross-Border Effects of Regulation: Lessons from the United States
by Jose M Berrospide & Ricardo Correa & Linda S Goldberg & Friederike Niepmann - 477-503 Changes in Prudential Policy Instruments - A New Cross-Country Database
by Eugenio Cerutti & Ricardo Correa & Elisabetta Fiorentino & Esther Segalla - 505-558 Cross-Border Prudential Policy Spillovers: How Much? How Important? Evidence from the International Banking Research Network
by Claudia M Buch & Linda S Goldberg
February 2017, Volume 13, Issue 1
- 1-52 Assessing and Combining Financial Conditions Indexes
by Sirio Aramonte & Samuel Rosen & John W. Schindler - 53-94 Can the Fed Talk the Hind Legs Off the Stock Market?
by Sylvester Eijffinger & Ronald Mahieu & Louis Raes - 95-149 Heterogeneous Bank Lending Responses to Monetary Policy: New Evidence from a Real-Time Identification
by John C. Bluedorn & Christopher Bowdler & Christoffer Koch - 151-189 State Dependency in Price and Wage Setting
by Shuhei Takahashi - 191-223 Tight Money and the Sustainability of Public Debt
by Sergey Pekarski - 225-259 Consumers' Attitudes and Their Inflation Expectations
by Michael Ehrmann & Damjan Pfajfar & Emiliano Santoro - 261-296 Aggregate Dynamics after a Shock to Monetary Policy in Developing Countries
by Emek Karaca & Mustafa Tugan - 297-333 Effectiveness and Transmission of the ECB's Balance Sheet Policies
by Jef Boeckx & Maarten Dossche & Gert Peersman
December 2016, Volume 12, Issue 4
- 1-61 Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data
by John Bagnall & David Bounie & Kim P. Huynh & Anneke Kosse & Tobias Schmidt & Scott Schuh - 63-103 Death of a Reserve Currency
by Stephen Quinn & William Roberds - 105-146 What Is Learned from a Currency Crisis, Fear of Floating, or Hollow Middle? Identifying Exchange Rate Policy in Crisis Countries
by Soyoung Kim - 147-192 Which Aspects of Central Bank Transparency Matter? A Comprehensive Analysis of the Effect of Transparency of Survey Forecasts
by Anna Naszodi & Csaba Csavas & Daniel Felcser - 193-222 Bank Lending in Times of Large Bank Reserves
by Antoine Martin & James McAndrews & David Skeie - 223-261 Fedspeak: Who Moves U.S. Asset Prices?
by Carlo Rosa - 263-306 Globalization, Pass-Through, and Inflation Dynamics
by Pierpaolo Benigno & Ester Faia - 307-333 The Demand for Short-Term, Safe Assets and Financial Stability: Some Evidence and Implications for Central Bank Policies
by Mark Carlson & Burcu Duygan-Bump & Fabio Natalucci & Bill Nelson & Marcelo Ochoa & Jeremy Stein & Skander Van den Heuvel
September 2016, Volume 12, Issue 3
- 29-57 The Financial and Macroeconomic Effects of the OMT Announcements
by Carlo Altavilla & Domenico Giannone & Michele Lenza - 69-120 Beggar-Thy-Neighbor? The International Effects of ECB Unconventional Monetary Policy Measures
by Kristina Bluwstein & Fabio Canova - 129-149 Options-Implied Probability Density Functions for Real Interest Rates
by Jonathan H. Wright - 161-195 The Effect of Unconventional Monetary Policy on Inflation Expectations: Evidence from Firms in the United Kingdom
by Lena Boneva & James Cloyne & Martin Weale & Tomasz Wieladek - 207-217 Long-Run Inflation Uncertainty
by Stefan Nagel - 219-277 Policy Spillovers and Synergies in a Monetary Union
by Óscar Arce & Samuel Hurtado & Carlos Thomas - 291-344 Financial Intermediation in a Global Environment
by Victoria Nuguer - 353-390 Rule-of-Thumb Consumers and Labor Tax Cut Policy at the Zero Lower Bound
by Lorant Kaszab - 403-411 Dynamic Stochastic General Equilibrium Models and Their Discontents
by Tamim Bayoumi
June 2016, Volume 12, Issue 2
- 1-13 Eurosystem Household Finance and Consumption Survey: Main Results on Assets, Debt, and Saving
by Olympia Bover & Martin Schürz & Jiri Slacalek & Federica Teppa - 15-69 Household Saving Behavior in the Euro Area
by Julia Le Blanc & Alessandro Porpiglia & Federica Teppa & Junyi Zhu & Michael Ziegelmeyer - 71-128 The Distribution of Debt across Euro-Area Countries: The Role of Individual Characteristics, Institutions, and Credit Conditions
by Olympia Bover & Jose Maria Casado & Sonia Costa & Philip Du Caju & Yvonne McCarthy & Eva Sierminska & Panagiota Tzamourani & Ernesto Villanueva & Tibor Zavadil - 129-220 How Do Households Allocate Their Assets? Stylized Facts from the Eurosystem Household Finance and Consumption Survey
by Luc Arrondel & Laura Bartiloro & Pirmin Fessler & Peter Lindner & Thomas Y. Mathä & Cristiana Rampazzi & Frédérique Savignac & Tobias Schmidt & Martin Schürz & Philip Vermeulen - 221-268 Supranational Supervision: How Much and for Whom?
by Thorsten Beck & Wolf Wagner - 269-315 ECB Unconventional Monetary Policy and the Italian Economy during the Sovereign Debt Crisis
by Marco Casiraghi & Eugenio Gaiotti & Lisa Rodano & Alessandro Secchi - 317-356 The Transmission of Federal Reserve Tapering News to Emerging Financial Markets
by Joshua Aizenman & Mahir Binici & Michael M. Hutchison - 357-383 Optimal Inflation Weights in the Euro Area
by Daniela Bragoli & Massimiliano Rigon & Francesco Zanetti - 385-411 The Effects of Liquidity Regulation on Bank Assets and Liabilities
by Patty Duijm & Peter Wierts
March 2016, Volume 12, Issue 1
- 1-32 Measuring Potential Growth with an Estimated DSGE Model of Japan’s Economy
by Takuji Fueki & Ichiro Fukunaga & Hibiki Ichiue & Toyoichiro Shirota - 33-65 A Forecasting Metric for Evaluating DSGE Models for Policy Analysis
by Abhishek Gupta - 67-93 What Determines the Credibility of the Central Bank of Israel in the Public Eye?
by Zeev Kril & David Leiser & Avia Spivak - 95-141 Monetary Policy, Bank Capital, and Credit Supply: A Role for Discouraged and Informally Rejected Firms
by Alexander Popov - 143-198 Money-Market Rates and Retail Interest Regulation in China: The Disconnect between Interbank and Retail Credit Conditions
by Nathan Porter & TengTeng Xu - 199-230 Monetary Policy, Loan Maturity, and Credit Availability
by Lamont K. Black & Richard J. Rosen - 231-246 Shoe-Leather Costs in the Euro Area and the Foreign Demand for Euro Banknotes
by Alessandro Calza & Andrea Zaghini - 247-280 How to Measure the Unsecured Money Market: The Eurosystem’s Implementation and Validation Using TARGET2 Data
by Luca Arciero & Ronald Heijmans & Richard Heuver & Marco Massarenti & Cristina Picillo & Francesco Vacirca
December 2015, Volume 11, Issue 4
- 1-46 Can Macroeconomists Forecast Risk? Event-Based Evidence from the Euro-Area SPF
by Geoff Kenny & Thomas Kostka & Federico Masera - 47-89 Monetary Policy Committees: Comparing Theory and "Inside" Information from MPC Members
by Mikael Apel & Carl Andreas Claussen & Petra Lennartsdotter & Øistein Røisland - 91-127 The ECB Unconventional Monetary Policies: Have They Lowered Market Borrowing Costs for Banks and Governments?
by Urszula Szczerbowicz - 129-168 Liquidity Requirements: A Double-Edged Sword
by Philipp Johann König - 169-218 How Much Does the Public Know about the ECB’s Monetary Policy? Evidence from a Survey of Dutch Households
by Carin van der Cruijsen & David-Jan Jansen & Jakob de Haan - 219-254 Model-Based Ex Post Evaluation of Monetary Policy
by Eyal Argov & Alon Binyamini & Eliezer Borenstein & Irit Rozenshtrom - 255-277 Interest Rate Determination in China: Past, Present, and Future
by Dong He & Honglin Wang & Xiangrong Yu - 279-305 How Frequently Should We Reestimate DSGE Models?
by Marcin Kolasa & Michal Rubaszek
September 2015, Volume 11, Issue 4
- 19-64 Day One Keynote Address: Forward Guidance
by Lars E.O. Svensson - 65-136 Trend Inflation in Advanced Economies
by Christine Garnier & Elmar Mertens & Edward Nelson - 145-198 Inflation Targeting and Economic Reforms in New Zealand
by Matteo Cacciatore & Fabio Ghironi & Stephen J. Turnovsky - 213-249 Targeting Inflation from Below: How Do Inflation Expectations Behave?
by Michael Ehrmann - 259-287 Inflation Targeting: A Victim of Its Own Success
by Christian Gillitzer & John Simon - 295-352 Day Two Keynote Address: Goals and Rules in Central Bank Design
by Carl E. Walsh - 353-382 Is Optimal Monetary Policy Always Optimal?
by Troy Davig & Refet S. Gürkaynak - 395-429 Applying an Inflation-Targeting Lens to Macroprodential Policy "Institutions"
by Günes Kamber & Özer Karagedikli & Christie Smith
June 2015, Volume 11, Issue 3
- 9-63 Capital Regulation in a Macroeconomic Model with Three Layers of Default
by Laurent Clerc & Alexis Derviz & Caterina Mendicino & Stephane Moyen & Kalin Nikolov & Livio Stracca & Javier Suarez & Alexandros P. Vardoulakis - 75-117 Did the EBA Capital Exercise Cause a Credit Crunch in the Euro Area?
by Jean-Stéphane Mésonnier & Allen Monks - 127-139 The Road to Financial Stability: Capital Regulation, Liquidity Regulation, and Resolution
by Stephen G. Cecchetti - 141-177 Large Banks, Loan Rate Markup, and Monetary Policy
by Vincenzo Cuciniello & Federico M. Signoretti - 193-227 Systemic Risk and the Solvency-Liquidity Nexus of Banks
by Diane Pierret - 241-297 CEO Compensation, Regulation, and Risk in Banks: Theory and Evidence from the Financial Crisis
by Vittoria Cerasi & Tommaso Oliviero - 303-327 Liquidity Hoarding and Inefficient Abundant Funding
by Enisse Kharroubi - 329-377 Centrality-Based Capital Allocations
by Adrian Alter & Ben R. Craig & Peter Raupach - 385-401 Multi-Polar Regulation
by Andrew G. Haldane
March 2015, Volume 11, Issue 2
- 1-40 Inflation Expectations and the News
by Michael D. Bauer - 41-64 Explaining Interest Rate Decisions when the MPC Members Believe in Different Stories
by Carl Andreas Claussen & Øistein Røisland - 65-112 Do Publicly Owned Banks Lend Against the Wind?
by Thibaut Duprey - 113-155 Real-Time Model Uncertainty in the United States: "Robust" Policies Put to the Test
by Robert J. Tetlow - 157-197 On the Slope and the Persistence of the Italian Phillips Curve
by Marianna Riggi & Sergio Santoro - 199-236 Central Banks' Quasi-Fiscal Policies and Inflation
by Seok Gil Park - 237-283 The Federal Reserve's Balance Sheet and Earnings: A Primer and Projections
by Seth Carpenter & Jane Ihrig & Elizabeth Klee & Daniel Quinn & Alexander Boote - 285-323 Sovereign Risk, European Crisis-Resolution Policies, and Bond Spreads
by Juha Kilponen & Helinä Laakkonen & Jouko Vilmunen
January 2015, Volume 11, Issue 1
- 1-41 Imbalances and Rebalancing in an Estimated Structural Model for Spain
by Jan in ’t Veld & Andrea Pagano & Rafal Raciborski & Marco Ratto & Werner Roeger - 43-70 The Comeback of Inflation as an Optimal Public Finance Tool
by Giovanni Di Bartolomeo & Patrizio Tirelli & Nicola Acocella - 71-101 Risk Shifting with Fuzzy Capital Constraints
by Simon Dubecq & Benoit Mojon & Xavier Ragot - 103-149 Ordering Policy Rules with an Unconditional Welfare Measure
by Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan - 151-190 Responses to the Financial Crisis, Treasury Debt, and the Impact on Short-Term Money Markets
by Warren B. Hrunga & Jason S. Seligman - 191-224 Lessons from the Historical Use of Reserve Requirements in the United States to Promote Bank Liquidity
by Mark Carlson - 225-250 How Monetary Policy Is Made: Two Canadian Tales
by Pierre L. Siklos & Matthias Neuenkirch - 251-289 Large Excess Reserves in the United States: A View from the Cross-Section of Banks
by Huberto M. Ennis & Alexander L. Wolman
December 2014, Volume 10, Issue 4
- 1-30 Monetary and Labor Interactions in a Monetary Union
by Vincenzo Cuciniello - 31-68 Financial Stability and Central Bank Governance
by Michael Koetter & Kasper Roszbach & Giancarlo Spagnolo - 69-104 The Aggregate Demand Effects of Short- and Long-Term Interest Rates
by Michael T. Kiley - 105-142 Introducing Funding Liquidity Risk in a Macro Stress-Testing Framework
by Céline Gauthier & Moez Souissi & Xuezhi Liu - 143-172 The Role of Counterparty Risk in CHAPS Following the Collapse of Lehman Brothers
by Evangelos Benos & Rodney J. Garratt & Peter Zimmerman - 173-214 Bank Market Power and Monetary Policy Transmission
by Sophocles N. Brissimis & Manthos D. Delis & Maria Iosifidi - 215-248 Nowcasting Norway
by Matteo Luciani & Lorenzo Ricci - 249-298 News, Housing Boom-Bust Cycles, and Monetary Policy
by Birol Kanik & Wei Xiao
September 2014, Volume 10, Issue 3
- 1-47 Inflation Risk Premia in the Euro Area and the United States
by Peter Hördahl & Oreste Tristani - 1-47 Asset Illiquidity and Dynamic Bank Capital Requirements
by Hajime Tomura - 49-94 Optimal Monetary Policy with State-Dependent Pricing
by Anton Nakov & Carlos Thomas - 95-128 On the Hook for Impaired Bank Lending: Do Sovereign-Bank Interlinkages Affect the Net Cost of a Fiscal Stimulus?
by Robert Kelly & Kieran McQuinn - 129-161 Asset Class Diversification and Delegation of Responsibilities between a Central Bank of Sovereign Wealth Fund
by Joshua Aizenman & Reuven Glick - 163-204 Wealth and Consumption: French Households in the Crisis
by Luc Aroondel & Frédérique Savignac & Kévin Tracol - 205-231 When Capital Adequacy and Interest Rate Policy Are Substitutes (And When They Are Not)
by Stephen G. Cecchetti & Marion Kohler - 233-289 The Signaling Channel for Federal Reserve Bond Purchases
by Michael D. Bauer & Glenn D. Rudebusch
June 2014, Volume 10, Issue 2
- 7-54 Risks to Price Stability, the Zero Lower Bound, and Forward Guidance: A Real-Time Assessment
by Günter Coenen & Anders Warne - 63-96 Fiscal Policy and the Inflation Target
by Peter Tulip - 103-114 Inflation Targeting and "Leaning against the Wind"
by Lars E.O. Svensson - 115-160 The Risk Channel of Monetary Policy
by Oliver de Groot - 169-236 Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area
by Dominic Quint & Pau Rabanal - 249-261 Financial Frictions and Macroprudential Policy
by Michal Brzoza-Brzezina