NBER Papers in JEL Code E4: Macroeconomics and Monetary Economics - Money and Interest Rates
| 2022 | ||
| w29957 |
Erica X. N. Li Chen Xue Lu Zhang |
Asymmetric Investment Rates |
| w29949 |
Akiko Watanabe Masahiro Watanabe |
Cohort Effects on Expected Co-Movement |
| w29944 |
Alan M. Taylor |
The Savings Glut of the Old: Population Aging, the Risk Premium, and the Murder-Suicide of the Rentier |
| w29939 |
Eric T. Swanson |
A Reassessment of Monetary Policy Surprises and High-Frequency Identification |
| w29931 |
Thomas J. Sargent Neng Wang Jinqiang Yang |
A p Theory of Government Debt and Taxes |
| w29915 |
Martin Schneider |
Modeling Uncertainty as Ambiguity: a Review |
| w29904 |
Matteo Crosignani Tim Eisert Sascha Steffen |
Zombie Lending: Theoretical, International and Historical Perspectives |
| w29899 |
Zhaogang Song |
Agency MBS as Safe Assets |
| w29865 |
Andrés Velasco |
Joined at the Hip: Monetary and Fiscal Policy in a Liquidity-Dependent World |
| w29850 |
Brian Jonghwan Lee Stavros Panageas Margarita Tsoutsoura |
Cross-subsidization of Bad Credit in a Lending Crisis |
| w29815 |
Alp Simsek |
A Note on Temporary Supply Shocks with Aggregate Demand Inertia |
| w29807 |
Joseph E. Stiglitz |
Collective Moral Hazard and the Interbank Market |
| w29777 |
Ryan Banerjee Matteo Crosignani Tim Eisert Renée Spigt |
Exorbitant Privilege? Quantitative Easing and the Bond Market Subsidy of Prospective Fallen Angels |
| w29774 |
Joseph P. Kaboski Mauricio Larrain Sergio L. Schmukler Mario Vera |
The Distribution of Crisis Credit: Effects on Firm Indebtedness and Aggregate Risk |
| w29762 |
|
The Federal Funds Market, Pre- and Post-2008 |
| w29713 |
Mark Gertler |
Economic Winners Versus Losers and the Unequal Pandemic Recession |
| w29710 |
Chase P. Ross Sharon Y. Ross |
Making Money |
| w29705 |
Denis Gorea Virgiliu Midrigan |
Why Are Returns to Private Business Wealth So Dispersed? |
| w29667 |
Nirvana Mitra |
Political Constraints and Sovereign Default |
| w29651 |
David A. Matsa Michael Weber |
Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth |
| w29632 |
Jian Li |
Intermediation via Credit Chains |
| w29626 |
Sebastian A. Merkel Yuliy Sannikov |
Debt as Safe Asset |
| 2021 | ||
| w29614 |
|
Interest Received by Banks during the Financial Crisis: LIBOR vs Hypothetical SOFR Loans |
| w29606 |
Simone Lenzu Olivier Wang |
Zombie Lending and Policy Traps |
| w29602 |
Fabrice Collard Jordi Galí Cristina Manea |
Monetary Policy and Endogenous Financial Crises |
| w29501 |
Bin Wei Vivian Z. Yue Egon Zakrajšek |
Sovereign Risk and Financial Risk |
| w29499 |
Alireza Tahbaz-Salehi Andrea Vedolin |
Skewness and Time-Varying Second Moments in a Nonlinear Production Network: Theory and Evidence |
| w29495 |
Emi Nakamura Jón Steinsson |
Learning About the Long Run |
| w29489 |
|
Central Bank Digital Currencies and The Emerging Markets: The Currency Substitution Challenge |
| w29448 |
Jiayin Hu Shang-Jin Wei |
FinTech as a Financial Liberator |
| w29434 |
Paul Ehling Chunyu Yang |
The Debt Capacity of a Government |
| w29397 |
Javier Bianchi |
Bank Runs, Fragility, and Credit Easing |
| w29376 |
Erwan Gautier Yuriy Gorodnichenko Olivier Coibion |
Firms' Inflation Expectations: New Evidence from France |
| w29352 |
William Gale |
Tax Policy Design with Low Interest Rates |
| w29337 |
Carmen M. Reinhart Kenneth S. Rogoff |
Decrypting New Age International Capital Flows |
| w29238 |
Moritz Lenel |
The Flight to Safety and International Risk Sharing |
| w29232 |
|
Measuring Market Expectations |
| w29210 |
Guido Menzio Randall Wright Yu Zhu |
Market Freezes |
| w29204 |
Diego J. Perez Paolo Varraso |
Are Collateral-Constraint Models Ready for Macroprudential Policy Design? |
| w29171 |
|
Central Bank Digital Currency in Historical Perspective: Another Crossroad in Monetary History |
| w29158 |
Cosimo Petracchi |
Mr. Keynes and the "Classics"; A Suggested Reinterpretation |
| w29155 |
Alan M. Taylor |
Financial crises: A survey |
| w29129 |
Tim Landvoigt Patrick J. Shultz Stijn Van Nieuwerburgh |
Can Monetary Policy Create Fiscal Capacity? |
| w29085 |
Lars A. Lochstoer Dongho Song |
The Real Channel for Nominal Bond-Stock Puzzles |
| w29009 |
|
Welfare Costs of Idiosyncratic and Aggregate Consumption Shocks |
| w28983 |
Mikhail Chernov Stanley E. Zin Irina Zviadadze |
Monetary Policy Risk: Rules vs. Discretion |
| w28954 |
Mikhail Chernov |
Interest Rate Skewness and Biased Beliefs |
| w28950 |
Dmitry Mukhin |
Mussa Puzzle Redux |
| w28931 |
Jinfei Sheng |
Macro News and Micro News: Complements or Substitutes? |
| w28891 |
|
On the Green Interest Rate. |
| w28881 |
Chen Lian |
Determinacy without the Taylor Principle |
| w28870 |
Kinda Cheryl Hachem Simpson Zhang |
Reallocating Liquidity to Resolve a Crisis: Evidence from the Panic of 1873 |
| w28869 |
Moritz Lenel |
Monetary Policy, Redistribution, and Risk Premia |
| w28868 |
Efraim Benmelech |
The Resilience of the U.S. Corporate Bond Market During Financial Crises |
| w28836 |
Olivier Coibion Yuriy Gorodnichenko |
The Inflation Expectations of U.S. Firms: Evidence from a new survey |
| w28767 |
|
Are Bigger Banks Better? Firm-Level Evidence from Germany |
| w28742 |
John Moore Shengxing Zhang |
Credit Horizons |
| w28704 |
Roberto N. Fattal-Jaef Hugo Hopenhayn P. Andres Neumeyer Yongseok Shin |
The Economic Ripple Effects of COVID-19 |
| w28694 |
Enrico Spolaore Romain Wacziarg |
Barriers to Global Capital Allocation |
| w28687 |
Nicholas Bloom Steven J. Davis Marco C. Sammon |
What Triggers Stock Market Jumps? |
| w28685 |
R. Matthew Darst Ṣebnem Kalemli-Özcan |
Risk-Taking and Monetary Policy Transmission: Evidence from Loans to SMEs and Large Firms |
| w28658 |
Wenxin Du Bernd Schlusche |
Arbitrage Capital of Global Banks |
| w28635 |
Joseph P. Kaboski Bruno S. Martins Cezar Santos |
Dispersion in Financing Costs and Development |
| w28625 |
Dimitris Georgarakos Yuriy Gorodnichenko Geoff Kenny Michael Weber |
The Effect of Macroeconomic Uncertainty on Household Spending |
| w28613 |
Matteo Leombroni Hanno Lustig Stijn Van Nieuwerburgh |
Financial and Total Wealth Inequality with Declining Interest Rates |
| w28582 |
Songyuan Teng Robert Townsend |
Branch Expansion versus Digital Banking: The Dynamics of Growth and Inequality in a Spatial Equilibrium Model |
| w28540 |
Yuliy Sannikov |
A Model of Credit, Money, Interest, and Prices |
| w28501 |
Tim Landvoigt |
Financial Regulation in a Quantitative Model of the Modern Banking System |
| w28437 |
John V. Duca |
How the New Fed Municipal Bond Facility Capped Muni-Treasury Yield Spreads in the Covid-19 Recession |
| w28426 |
|
The Macroeconomics of Financial Speculation |
| w28416 |
Nicola Gennaioli Andrei Shleifer Stephen J. Terry |
Real Credit Cycles |
| w28415 |
|
Economic Fluctuations and Pseudo-Wealth |
| w28384 |
Adriano A. Rampini |
Constrained-Efficient Capital Reallocation |
| w28346 |
Emmanuel Farhi |
Keynesian Production Networks and the Covid-19 Crisis: A Simple Benchmark |
| w28345 |
Emmanuel Farhi Kunal Sangani |
The Supply-Side Effects of Monetary Policy |
| w28320 |
Dingqian Liu Xuguang Simon Sheng |
Stock Prices and Economic Activity in the Time of Coronavirus |
| 2020 | ||
| w28306 |
|
Event-day Options |
| w28298 |
Ye Li Neng Wang Jinqiang Yang |
Dynamic Banking and the Value of Deposits |
| w28284 |
Xuewen Liu Pengfei Wang |
Self-Fulfilling Risk Panics: An Expected Utility Framework |
| w28258 |
Marc J. Melitz |
Aggregate-Demand Amplification of Supply Disruptions: The Entry-Exit Multiplier |
| w28197 |
Martin Kornejew Moritz Schularick Alan M. Taylor |
Zombies at Large? Corporate Debt Overhang and the Macroeconomy |
| w28184 |
Hao Pang |
Common Shocks in Stocks and Bonds |
| w28182 |
Oscar O'Flaherty |
Stay-at-Home Orders in a Fiscal Union |
| w28145 |
David O. Argente |
On the Effects of the Availability of Means of Payments: The Case of Uber |
| w28133 |
David O. Argente |
Consumer Surplus of Alternative Payment Methods: Paying Uber with Cash |
| w28119 |
Guillermo Ordoñez |
The Collateral Link between Volatility and Risk Sharing |
| w28066 |
Johannes F. Wieland |
Forward Guidance and Durable Goods Demand |
| w28030 |
Sai Ma Peter L. Rousseau |
Private Equity and Growth |
| w28016 |
Gary B. Gorton Stéphane Verani |
Adverse Selection Dynamics in Privately-Produced Safe Debt Markets |
| w28015 |
Jonathan Rawls Eric Sims |
Bury the Gold Standard? A Quantitative Exploration |
| w28001 |
Lu Zhang |
Searching for the Equity Premium |
| w27991 |
Pablo Cuba-Borda Kenji Higa-Flores Frank Schorfheide Sergio Villalvazo |
Piecewise-Linear Approximations and Filtering for DSGE Models with Occasionally Binding Constraints |
| w27959 |
Alan Moreira Alexi Savov |
Liquidity and Volatility |
| w27942 |
René M. Stulz |
Have Exchange-Listed Firms Become Less Important for the Economy? |
| w27878 |
Sergey K. Egiev Alessandro Lin Josef Platzer Luca Riva |
A Toolkit for Solving Models with a Lower Bound on Interest Rates of Stochastic Duration |
| w27867 |
Stephen Hansen Cristhian Seminario-Amez |
Firm-Level Risk Exposures and Stock Returns in the Wake of COVID-19 |
| w27856 |
Gianluca Rinaldi |
Why Does the Fed Move Markets so Much? A Model of Monetary Policy and Time-Varying Risk Aversion |
| w27855 |
Kamiar Mohaddes M. Hashem Pesaran Mehdi Raissi Alessandro Rebucci |
A Counterfactual Economic Analysis of Covid-19 Using a Threshold Augmented Multi-Country Model |
| w27847 |
Tony Zhang |
The Economics of Currency Risk |
| w27844 |
Nelson C. Mark |
Uncertainty, Long-Run, and Monetary Policy Risks in a Two-Country Macro Model |
| w27836 |
Yuriy Gorodnichenko Edward S. Knotek II Raphael Schoenle |
Average Inflation Targeting and Household Expectations |
| w27819 |
A. Hakan Kara Burçin Kısacıkoğlu Sang Seok Lee |
Monetary Policy Surprises and Exchange Rate Behavior |
| w27809 |
Bin Wei Vivian Z. Yue Egon Zakrajšek |
The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCCF |
| w27800 |
Olivier Coibion Yuriy Gorodnichenko |
Communication and the Beliefs of Economic Agents |
| w27765 |
Julien Combe Yinghua He Victor Hiller Robert Shimer Olivier Tercieux |
Unpaired Kidney Exchange: Overcoming Double Coincidence of Wants without Money |
| w27747 |
Carolin Pflueger Michal Szkup |
Doubling Down on Debt: Limited Liability as a Financial Friction |
| w27739 |
Alessandro Rebucci |
Global Business and Financial Cycles: A Tale of Two Capital Account Regimes |
| w27733 |
Christoffer Koch Padma Sharma Gary Richardson |
Payments Crises and Consequences |
| w27721 |
Selman Erol Guillermo Ordoñez |
Interbank Networks in the Shadows of the Federal Reserve Act |
| w27712 |
Alp Simsek |
Monetary Policy and Asset Price Overshooting: A Rationale for the Wall/Main Street Disconnect |
| w27708 |
Peter Blair Henry Hector Reyes |
The Baker Hypothesis |
| w27698 |
|
The International Aspects of Macroprudential Policy |
| w27682 |
Arvind Krishnamurthy Hanno Lustig |
Dollar Safety and the Global Financial Cycle |
| w27669 |
Marc Giannoni |
Medium-Term Money Neutrality and the Effective Lower Bound |
| w27639 |
Shahed Khan César Sosa-Padilla |
Interest Rate Uncertainty and Sovereign Default Risk |
| w27634 |
Srđjan Čapkun Ittay Eyal Giulia Fanti Bryan A. Ford James Grimmelmann Ari Juels Kari Kostiainen Sarah Meiklejohn Andrew Miller Eswar Prasad Karl Wüst Fan Zhang |
Design Choices for Central Bank Digital Currency: Policy and Technical Considerations |
| w27596 |
Eric Zou Zhentao Yin Yong Wang Zhenhua Li |
"Quick Response" Economic Stimulus: The Effect of Small-Value Digital Coupons on Spending |
| w27537 |
Lea Borchert Maximilian Jager Sascha Steffen |
Kicking the Can Down the Road: Government Interventions in the European Banking Sector |
| w27491 |
Wenxin Du Gordon Y. Liao |
U.S. Banks and Global Liquidity |
| w27472 |
Péter Kondor |
Rational Sentiments and Economic Cycles |
| w27461 |
Nitzan Tzur-Ilan |
The Determinants of Fiscal and Monetary Policies During the Covid-19 Crisis |
| w27416 |
Stefan Nagel Zhaogang Song |
Treasury Inconvenience Yields during the COVID-19 Crisis |
| w27411 |
Soumya Bhadury Jay Surti |
Financial Vulnerability and Risks to Growth in Emerging Markets |
| w27396 |
Samuel G. Hanson Andrei Shleifer Jakob Ahm Sørensen |
Predictable Financial Crises |
| w27387 |
Ralph S. J. Koijen |
Coronavirus: Impact on Stock Prices and Growth Expectations |
| w27367 |
|
Duration-Based Stock Valuation: Reassessing Stock Market Performance and Volatility |
| w27347 |
Óscar Arce Jesús Fernández-Villaverde Samuel Hurtado |
Deciphering the Macroeconomic Effects of Internal Devaluations in a Monetary Union |
| w27343 |
Carmen M. Reinhart Christoph Trebesch |
Coping with Disasters: Two Centuries of International Official Lending |
| w27317 |
Olivier Coibion Erwan Gautier Yuriy Gorodnichenko |
No Firm is an Island? How Industry Conditions Shape Firms' Aggregate Expectations |
| w27313 |
Alp Simsek |
Monetary Policy with Opinionated Markets |
| w27292 |
Katharina Bergant Matteo Crosignani Tim Eisert Fergal J. McCann |
The Anatomy of the Transmission of Macroprudential Policies |
| w27266 |
Jing Cynthia Wu |
Reconstructing the Yield Curve |
| w27257 |
Lars P. Hansen Peter G. Hansen |
Robust Identification of Investor Beliefs |
| w27231 |
Mikhail Chernov Lukas Schmid Dongho Song |
The term structure of CIP violations |
| w27222 |
Ye Li Neng Wang |
Tokenomics: Dynamic Adoption and Valuation |
| w27214 |
Patrick C. Higgins Tao Zha |
Cyclical Lending Standards: A Structural Analysis |
| w27207 |
Tim Landvoigt Stijn Van Nieuwerburgh |
Can the Covid Bailouts Save the Economy? |
| w27195 |
Michael Schwert |
Interest Rates and the Design of Financial Contracts |
| w27158 |
Matteo Crosignani Tim Eisert Christian Eufinger |
Zombie Credit and (Dis-)Inflation: Evidence from Europe |
| w27136 |
Ganesh Viswanath-Natraj |
What Keeps Stablecoins Stable? |
| w27118 |
Mengbo Zhang Eduardo Zilberman |
Transfers vs Credit Policy: Macroeconomic Policy Trade-offs during Covid-19 |
| w27116 |
Sebastian A. Merkel Yuliy Sannikov |
The Fiscal Theory of Price Level with a Bubble |
| w27113 |
Gary B. Gorton Guillermo Ordoñez |
The Macroprudential Role of Stock Markets |
| w27108 |
Eric Engstrom Andrey Ermolov |
The Variance Risk Premium in Equilibrium Models |
| w27065 |
Urban Jermann |
Should the U.S. Government Issue Floating Rate Notes? |
| w27063 |
|
Sequential Lifting of COVID-19 Interventions with Population Heterogeneity |
| w27044 |
Alp Simsek |
A Model of Endogenous Risk Intolerance and LSAPs: Asset Prices and Aggregate Demand in a "Covid-19" Shock |
| w27036 |
Takatoshi Ito |
Price Discovery and Liquidity Recovery: Forex Market Reactions to Macro Announcements |
| w27025 |
Roman Sigalov |
Portfolio Choice with Sustainable Spending: A Model of Reaching for Yield |
| w27013 |
Eric T. Swanson |
An Alternative Explanation for the "Fed Information Effect" |
| w26997 |
Laura Alfaro Andrés Fernández |
Sticky Capital Controls |
| w26985 |
Guido Lorenzoni |
Risk Sharing Externalities |
| w26945 |
Nicholas Bloom Steven J. Davis Kyle J. Kost Marco C. Sammon Tasaneeya Viratyosin |
The Unprecedented Stock Market Impact of COVID-19 |
| w26943 |
Alan M. Taylor |
The Murder-Suicide of the Rentier: Population Aging and the Risk Premium |
| w26941 |
Ludwig Straub Amir Sufi |
The Saving Glut of the Rich |
| w26940 |
Ludwig Straub Amir Sufi |
Indebted Demand |
| w26934 |
Sanjay R. Singh Alan M. Taylor |
Longer-run Economic Consequences of Pandemics |
| w26915 |
Enrique G. Mendoza |
A Fisherian Approach to Financial Crises: Lessons from the Sudden Stops Literature |
| w26907 |
Michael Sockin Wei Xiong |
Learning about the Neighborhood |
| w26894 |
Annette Vissing-Jorgensen |
The Economics of the Fed Put |
| w26859 |
Gary Richardson |
Contagion of Fear |
| w26857 |
|
Popular Economic Narratives Advancing the Longest U.S. Economic Expansion 2009-2019 |
| w26838 |
Pablo D'Erasmo |
Rising Bank Concentration |
| w26820 |
Daniel Marcel te Kaat Chang Ma Alessandro Rebucci |
Capital Flows, Real Estate, and Local Cycles: Evidence from German Cities, Banks, and Firms |
| w26814 |
Roberto Rigobon Munther A. Dahleh |
Contingent Linear Financial Networks |
| w26799 |
Nitish Kumar Raghuram Rajan |
The Secured Credit Premium and the Issuance of Secured Debt |
| w26797 |
|
Uncovered Interest Parity, Forward Guidance, and the Exchange Rate |
| w26796 |
|
Monetary Policy and Bubbles in a New Keynesian Model with Overlapping Generations |
| w26792 |
Yongqin Wang Xian Wu |
The Collateral Channel of Monetary Policy: Evidence from China |
| w26745 |
|
A Fiscal Theory of Monetary Policy with Partially-Repaid Long-Term Debt |
| w26740 |
Monika Piazzesi Martin Schneider Ciaran Rogers |
Inflation and the Price of Real Assets |
| w26710 |
Gary Richardson Patrick Van Horn |
Countercyclical Capital Buffers: A Cautionary Tale |
| w26689 |
Dimitrios P. Tsomocos Alexandros P. Vardoulakis |
Optimal Bank Regulation In the Presence of Credit and Run-Risk |
| w26666 |
Sanjay R. Singh Alan M. Taylor |
The Long-Run Effects of Monetary Policy |
| w26655 |
Yuriy Gorodnichenko Daniel Murphy |
Effects of Fiscal Policy on Credit Markets |
| w26647 |
Matthew Rognlie Ludwig Straub |
Micro Jumps, Macro Humps: Monetary Policy and Business Cycles in an Estimated HANK Model |
| w26645 |
Taylor D. Nadauld Christopher Palmer |
Real Effects of Search Frictions in Consumer Credit Markets |
| w26604 |
Gajendran Raveendranathan |
Who Bears the Welfare Costs of Monopoly? The Case of the Credit Card Industry |
| 2019 | ||
| w26588 |
Martin Blomhoff Holm Benjamin Moll Gisle Natvik |
Saving Behavior Across the Wealth Distribution: The Importance of Capital Gains |
| w26583 |
Hanno Lustig Stijn Van Nieuwerburgh Mindy Z. Xiaolan |
The U.S. Public Debt Valuation Puzzle |
| w26561 |
Adrien d'Avernas |
Financial Risk Capacity |
| w26560 |
Cristian Fuenzalida Alan M. Taylor |
The Natural Rate Puzzle: Global Macro Trends and the Market-Implied r* |
| w26538 |
|
Q-factors and Investment CAPM |
| w26479 |
Björn Imbierowicz Sascha Steffen Daniel Teichmann |
Does the Lack of Financial Stability Impair the Transmission of Monetary Policy? |
| w26464 |
Kenneth S. Rogoff |
Redeemable Platform Currencies |
| w26447 |
Anton Korinek José Antonio Ocampo |
Capital Controls: Theory and Evidence |
| w26435 |
Alan M. Taylor |
The Leverage Factor: Credit Cycles and Asset Returns |
| w26429 |
Mikhail Chernov Lukas Schmid Dongho Song |
Benchmark Interest Rates When the Government is Risky |
| w26426 |
Ceyhun Bora Durdu Enrique G. Mendoza |
Approximately Right?: Global v. Local Methods for Open-Economy Models with Incomplete Markets |
| w26372 |
Erica X.N. Li Chen Xue Lu Zhang |
Does Costly Reversibility Matter for U.S. Public Firms? |
| w26337 |
Facundo Piguillem |
Retirement in the Shadow (Banking) |
| w26310 |
Sergio Villalvazo |
FiPIt: A Simple, Fast Global Method for Solving Models with Two Endogenous States & Occasionally Binding Constraints |
| w26302 |
Samuel Hurtado Galo Nuño |
Financial Frictions and the Wealth Distribution |
| w26300 |
Harold James Jean-Pierre Landau |
The Digitalization of Money |
| w26290 |
Emil Siriwardane Adi Sunderam |
Financial Market Risk Perceptions and the Macroeconomy |
| w26277 |
|
Liquidity Deflation and Liquidity Trap under Flexible Prices: Some Microfoundations and Implications |
| w26262 |
Alan M. Taylor |
Riders on the Storm |
| w26229 |
Ricardo Reis |
A Crash Course on the Euro Crisis |
| w26219 |
Fahad Saleh David Yermack |
How Do Private Digital Currencies Affect Government Policy? |
| w26214 |
Linda M. Schilling Harald Uhlig |
Cryptocurrencies, Currency Competition, and the Impossible Trinity |
| w26210 |
Federico Mandelman Yang Yu Francesco Zanetti |
Search Complementarities, Aggregate Fluctuations, and Fiscal Policy |
| w26198 |
Lawrence H. Summers |
On Secular Stagnation in the Industrialized World |
| w26175 |
Johannes F. Wieland |
Lumpy Durable Consumption Demand and the Limited Ammunition of Monetary Policy |
| w26165 |
Domonkos F. Vamossy |
Predicting Consumer Default: A Deep Learning Approach |
| w26138 |
William F. Diamond Marco Grotteria |
Risk-Free Interest Rates |
| w26131 |
Jiri Slacalek Martin Sommer |
Dissecting Saving Dynamics: Measuring Wealth, Precautionary, and Credit Effects |
| w26102 |
Monika Piazzesi Martin Schneider |
The Short Rate Disconnect in a Monetary Economy |
| w26076 |
Xavier Mateos-Planas José-Víctor Ríos-Rull |
Partial Default |
| w26056 |
Peter N. Ireland |
A Classical View of the Business Cycle |
| w26053 |
John B. Taylor |
Forward Guidance: Is It Useful Away from the Lower Bound? |
| w26049 |
Amine Ouazad Romain Rancière |
The Transmission of Shocks in Endogenous Financial Networks: A Structural Approach |
| w26046 |
Matteo Maggiori Brent Neiman Jesse Schreger |
Exchange Rate Reconnect |
| w26032 |
Luigi Bocola Alessandro Dovis |
Imperfect Risk-Sharing and the Business Cycle |
| w26031 |
Gunes Kamber |
On the Global Impact of Risk-off Shocks and Policy-put Frameworks |
| w26012 |
Vivian Yue Egon Zakrajšek |
US Monetary Policy and International Bond Markets |
| w26002 |
James H. Stock Jonathan H. Wright |
The Federal Reserve's Current Framework for Monetary Policy: A Review and Assessment |
| w25977 |
Alp Simsek |
Prudential Monetary Policy |
| w25959 |
Plamen T. Nenov Alp Simsek |
Stock Market Wealth and the Real Economy: A Local Labor Market Approach |
| w25911 |
|
Perspectives on U.S. Monetary Policy Tools and Instruments |
| w25900 |
Loukas Karabarbounis Rohan Kekre |
The Macroeconomics of the Greek Depression |
| w25879 |
|
The Indeterminacy School in Macroeconomics |
| w25877 |
Dirk Niepelt |
On the Equivalence of Private and Public Money |
| w25820 |
Jordi Galí Luca Gambetti |
On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint |
| w25803 |
Shengxing Zhang |
On Money as a Medium of Exchange in Near-Cashless Credit Economies |
| w25790 |
Alan M. Taylor |
After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade |
| w25775 |
Simon C. Rother Isabel Schnabel |
Asset Price Bubbles and Systemic Risk |
| w25764 |
|
Implications of Labor Market Frictions for Risk Aversion and Risk Premia |
| w25744 |
Matteo Maggiori Johannes Stroebel Stephen Utkus |
Five Facts about Beliefs and Portfolios |
| w25743 |
Giovanni Nicolò |
Some International Evidence for Keynesian Economics without the Phillips Curve |
| w25720 |
Nicholas Bloom Steven J. Davis Kyle J. Kost |
Policy News and Stock Market Volatility |
| w25714 |
Harry Mamaysky |
Monetary Policy and Exchange Rate Returns: Time-Varying Risk Regimes |
| w25698 |
S. Viswanathan Guillaume Vuillemey |
Risk Management in Financial Institutions |
| w25668 |
Taylor D. Nadauld Christopher Palmer |
Monthly Payment Targeting and the Demand for Maturity |
| w25667 |
Pengfei Wang Tao Zha |
A Theory of Housing Demand Shocks |
| w25653 |
Moritz Schularick Alan M. Taylor |
The Total Risk Premium Puzzle |
| w25649 |
Alexi Savov Philipp Schnabl |
How Monetary Policy Shaped the Housing Boom |
| w25629 |
Eric M. Leeper Bruce Preston |
Recovery of 1933 |
| w25583 |
John Geanakoplos Gregory Phelan |
Global Collateral and Capital Flows |
| w25519 |
Rajnish Mehra |
Average Crossing Time: An Alternative Characterization of Mean Aversion and Reversion |
| w25469 |
Matteo Maggiori |
China vs. U.S.: IMS Meets IPS |
| w25458 |
Manuel García-Santana Enrique Moral-Benito |
On the Direct and Indirect Real Effects of Credit Supply Shocks |
| w25455 |
Andrew T. Levin |
Digital Cash: Principles & Practical Steps |
| w25426 |
|
From Commodity to Fiat and Now to Crypto: What Does History Tell Us? |
| w25424 |
Pablo D'Erasmo |
Capital Requirements in a Quantitative Model of Banking Industry Dynamics |
| w25421 |
Marcio Garcia Diogo A. Guillén Patrick J. Kehoe |
The Monetary and Fiscal History of Brazil, 1960-2016 |
| w25416 |
Ragnar E. Juelsrud Lawrence H. Summers Ella Getz Wold |
Negative Nominal Interest Rates and the Bank Lending Channel |
| 2018 | ||
| w25410 |
Brent Neiman Jesse Schreger |
The Rise of the Dollar and Fall of the Euro as International Currencies |
| w25409 |
|
The Imbalances of the Bretton Woods System 1965 to 1973: U.S. Inflation, The Elephant in the Room |
| w25407 |
Markus Brunnermeier |
Blockchain Economics |
| w25406 |
Yann Koby |
The Reversal Interest Rate |
| w25405 |
Kris James Mitchener Angela Vossmeyer |
Bank Regulation, Network Topology, and Systemic Risk: Evidence from the Great Depression |
| w25403 |
Amit Seru |
Debt Relief and Slow Recovery: A Decade after Lehman |
| w25385 |
|
Deposit Spreads and the Welfare Cost of Inflation |
| w25380 |
Martín Uribe |
Exchange Rates and Uncovered Interest Differentials: The Role of Permanent Monetary Shocks |
| w25373 |
Lunyang Huang |
A Global Safe Asset for and from Emerging Market Economies |
| w25347 |
Christian Proebsting Linda L. Tesar |
Quantifying the Benefits of Labor Mobility in a Currency Union |
| w25340 |
Jorge Mondragon |
Monetary Independence and Rollover Crises |
| w25319 |
Marie Hoerova Harald Uhlig |
Money Markets, Collateral and Monetary Policy |
| w25317 |
Christian Dorion Alexandre Jeanneret Michael Weber |
Low Inflation: High Default Risk AND High Equity Valuations |
| w25288 |
Kenneth D. West |
Some Evidence on Secular Drivers of U.S. Safe Real Rates |
| w25260 |
Farley Grubb |
The Paper Money of Colonial North Carolina, 1712-74: Reconstructing the Evidence |
| w25246 |
Sebastián Fleitas Jonathan Rose Kenneth Snowden |
Collateral Damage: The Impact of Foreclosures on New Home Mortgage Lending in the 1930s |
| w25220 |
Pierre-Olivier Weill Tsz-Nga Wong |
An Heterogeneous-Agent New-Monetarist Model with an Application to Unemployment |
| w25196 |
Christian Leuz Raghuram Rajan |
Going the Extra Mile: Distant Lending and Credit Cycles |
| w25180 |
Fan Dora Xia |
Negative Interest Rate Policy and the Yield Curve |
| w25157 |
Konstantin Milbradt Fabrice Tourre Joseph Vavra |
Mortgage Prepayment and Path-Dependent Effects of Monetary Policy |
| w25127 |
Michael Katz Hanno Lustig |
Post-FOMC Announcement Drift in U.S. Bond Markets |
| w25123 |
|
The Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates |
| w25085 |
Yu Shi |
Capital Reallocation |
| w25079 |
Enisse Kharroubi |
Why Does Credit Growth Crowd Out Real Economic Growth? |
| w25073 |
Enrique G. Mendoza |
History Remembered: Optimal Sovereign Default on Domestic and External Debt |
| w25054 |
Nittai Bergman |
Debt, Information, and Illiquidity |
| w25039 |
Domenico Giannone Marc P. Giannoni Andrea Tambalotti |
Global Trends in Interest Rates |
| w25032 |
Andreas Schrimpf |
Non-Monetary News in Central Bank Communication |
| w25016 |
Burçin Kısacıkoğlu Jonathan H. Wright |
Missing Events in Event Studies: Identifying the Effects of Partially-Measured News Surprises |
| w25011 |
Vincenzo Quadrini |
International Spillovers and Bailouts |
| w25005 |
Andrew Glover |
Employer Credit Checks: Poverty Traps versus Matching Efficiency |
| w25004 |
Andrew K. Rose Mark M. Spiegel |
Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence |
| w24984 |
Xuewen Liu Pengfei Wang |
Financial Markets, the Real Economy, and Self-fulfilling Uncertainties |
| w24981 |
Gideon Bornstein Alessandro Dovis |
Quantitative Sovereign Default Models and the European Debt Crisis |
| w24971 |
Emmanuel Saez |
Resolving New Keynesian Anomalies with Wealth in the Utility Function |
| w24948 |
James Cloyne Ethan Ilzetzki Henrik Kleven |
Estimating the Elasticity of Intertemporal Substitution Using Mortgage Notches |
| w24934 |
Jaromir Nosal |
Insolvency After the 2005 Bankruptcy Reform |
| w24890 |
Daniel Neuhann Guillermo Ordoñez |
A Walrasian Theory of Sovereign Debt Auctions with Asymmetric Information |
| w24866 |
Toomas Laarits Andrew Metrick |
The Run on Repo and the Fed's Response |
| w24823 |
Amir Sufi |
Credit Supply and Housing Speculation |
| w24778 |
Robert C. Merton |
Trust in Lending |
| w24773 |
Ida Hjortsoe Tsvetelina Nenova |
The Shocks Matter: Improving Our Estimates of Exchange Rate Pass-Through |
| w24757 |
Tim Landvoigt Stijn Van Nieuwerburgh |
A Macroeconomic Model with Financially Constrained Producers and Intermediaries |
| w24754 |
Efraim Sadka |
Welfare-State Remedy to Globalization and Aging Forces |
| w24751 |
Laurence J. Kotlikoff |
Banks as Potentially Crooked Secret-Keepers |
| w24748 |
Michael Weber |
Monetary Momentum |
| w24746 |
Simon Gilchrist |
What Happened: Financial Factors in the Great Recession |
| w24722 |
Matthew D. Shapiro Tyler Shumway Jing Zhang |
Portfolio Rebalancing in General Equilibrium |
| w24717 |
|
The Economic Limits of Bitcoin and the Blockchain |
| w24699 |
Taylor D. Nadauld Christopher Palmer Ryan D. Pratt |
The Capitalization of Consumer Financing into Durable Goods Prices |
| w24687 |
James D. Hamilton Ethan Harris Kenneth D. West |
A Skeptical View of the Impact of the Fed's Balance Sheet |
| w24673 |
Brent Neiman Jesse Schreger |
International Currencies and Capital Allocation |
| w24624 |
Kris James Mitchener |
Uncertainty and Hyperinflation: European Inflation Dynamics after World War I |
| w24582 |
Alexi Savov Philipp Schnabl |
Banking on Deposits: Maturity Transformation without Interest Rate Risk |
| w24555 |
Luc Laeven David Moreno |
Debt Overhang, Rollover Risk, and Corporate Investment: Evidence from the European Crisis |
| w24549 |
Mikael Juselius Anton Korinek |
Going With the Flows: New Borrowing, Debt Service and the Transmission of Credit Booms |
| w24529 |
Emil Siriwardane Adi Sunderam |
A Measure of Risk Appetite for the Macroeconomy |
| w24506 |
Mikhail Chernov Dongho Song |
Sovereign Credit Risk and Exchange Rates: Evidence from CDS Quanto Spreads |
| w24501 |
John V. Duca |
The Impact of the Dodd-Frank Act on Small Business |
| w24498 |
|
The Role of Financial Policy |
| w24483 |
Harald Uhlig |
Some Simple Bitcoin Economics |
| w24454 |
Matthieu Bussiere Linda Goldberg Robert Hills |
The International Transmission of Monetary Policy |
| w24446 |
Arvind Krishnamurthy Timothy J. McQuade |
Mortgage Design in an Equilibrium Model of the Housing Market |
| w24443 |
Arvind Krishnamurthy |
Capital Flow Management with Multiple Instruments |
| w24418 |
Joshua S. Gans |
Initial Coin Offerings and the Value of Crypto Tokens |
| w24415 |
Arvind Krishnamurthy |
Intermediary Asset Pricing and the Financial Crisis |
| w24406 |
Robert Townsend Juan Pablo Xandri |
Financial Centrality and Liquidity Provision |
| w24362 |
Laura Veldkamp Venky Venkateswaran |
The Tail that Keeps the Riskless Rate Low |
| w24336 |
Eugenio I. Rojas |
Positive and Normative Implications of Liability Dollarization for Sudden Stops Models of Macroprudential Policy |
| w24325 |
M. Hashem Pesaran Alessandro Rebucci |
Uncertainty and Economic Activity: A Multi-Country Perspective |
| w24298 |
Toomas Laarits |
Collateral Damage |
| w24242 |
Joshua S. Gans Rabee Tourky |
Market Structure in Bitcoin Mining |
| w24234 |
Jaume Ventura |
The Macroeconomics of Rational Bubbles: A User's Guide |
| w24221 |
Thomas Winberry |
Financial Heterogeneity and the Investment Channel of Monetary Policy |
| w24205 |
|
A Neoclassical Theory of Liquidity Traps |
| 2017 | ||
| w24179 |
Lawrence H. Summers |
Rethinking Stabilization Policy: Evolution or Revolution? |
| w24168 |
Christian Leuz |
The Death of a Regulator: Strict Supervision, Bank Lending, and Business Activity |
| w24154 |
|
An Historical Perspective on the Quest for Financial Stability and the Monetary Policy Regime |
| w24152 |
|
Regulating Capital Flows to Emerging Markets: An Externality View |
| w24126 |
Nobuhiro Kiyotaki Andrea Prestipino |
A Macroeconomic Model with Financial Panics |
| w24122 |
Walker Ray |
The Effects of Quantitative Easing: Taking a Cue from Treasury Auctions |
| w24112 |
Katharina Knoll Dmitry Kuvshinov Moritz Schularick Alan M. Taylor |
The Rate of Return on Everything, 1870-2015 |
| w24086 |
|
The L-Shaped Phillips Curve: Theoretical Justification and Empirical Implications |
| w24076 |
Pablo Kurlat |
Why are Banks Exposed to Monetary Policy? |
| w24039 |
Ragnar E. Juelsrud Ella Getz Wold |
Are Negative Nominal Interest Rates Expansionary? |
| w24016 |
Eric Monnet Alain Naef |
The Gold Pool (1961-1968) and the Fall of the Bretton Woods System. Lessons for Central Bank Cooperation. |
| w24005 |
Gauti B. Eggertsson Eggert Þórarinsson |
The Rise, the Fall, and the Resurrection of Iceland |
| w23998 |
Byoungchan Lee |
A Note on Variance Decomposition with Local Projections |
| w23985 |
Stefan Nagel Annette Vissing-Jorgensen |
ECB Policies Involving Government Bond Purchases: Impact and Channels |
| w23984 |
Guido Lorenzoni |
Financial Crises, Dollarization, and Lending of Last Resort in Open Economies |
| w23961 |
Vaishali Garga |
Sticky Prices Versus Sticky Information: Does it Matter for Policy Paradoxes? |
| w23942 |
Rishabh Kirpalani |
Fiscal Rules, Bailouts, and Reputation in Federal Governments |
| w23884 |
Philipp Kircher Benoit Julîen Veronica Guerrieri |
Directed Search: A Guided Tour |
| w23879 |
Antonio Falato |
The Loan Covenant Channel: How Bank Health Transmits to the Real Economy |
| w23861 |
Kilian Huber Ethan Ilzetzki Henrik Kleven |
The Effect of House Prices on Household Borrowing: A New Approach |
| w23847 |
Pierre L. Siklos |
Central Banks: Evolution and Innovation in Historical Perspective |
| w23841 |
Andrea Ferrero Alessandro Rebucci |
International Credit Supply Shocks |
| w23828 |
Gary Richardson Brian S. Yang |
Deposit Insurance and Depositor Monitoring: Quasi-Experimental Evidence from the Creation of the Federal Deposit Insurance Corporation |
| w23802 |
Amir Sufi Emil Verner |
How do Credit Supply Shocks Affect the Real Economy? Evidence from the United States in the 1980s |
| w23784 |
Giorgio E. Primiceri Andrea Tambalotti |
The Mortgage Rate Conundrum |
| w23783 |
Farley Grubb |
The Paper Money of Colonial North Carolina, 1712-1774 |
| w23767 |
Mark T. Leary |
The Evolution of Corporate Cash |
| w23759 |
Joanne Im Jesse Schreger |
The U.S. Treasury Premium |
| w23754 |
Ayako Saiki |
Does It Matter If Statistical Agencies Frame the Month's CPI Reporton a 1-Month or 12-month Basis? |
| w23747 |
Agostino Capponi Joseph E. Stiglitz |
Bail-ins and Bail-outs: Incentives, Connectivity, and Systemic Stability |
| w23740 |
Giacomo De Giorgi Jaromir Nosal |
Credit Growth and the Financial Crisis: A New Narrative |
| w23711 |
Andrew T. Levin |
Central Bank Digital Currency and the Future of Monetary Policy |
| w23706 |
Stephanie H. Lo Paul S. Willen |
The Time-Varying Price of Financial Intermediation in the Mortgage Market |
| w23694 |
Kurt Mitman Giovanni L. Violante |
The Housing Boom and Bust: Model Meets Evidence |
| w23672 |
Serena Ng |
Level and Volatility Factors in Macroeconomic Data |
| w23651 |
Hélène Rey |
Monetary Policy in the Capitals of Capital |
| w23647 |
Jesús Fernández-Villaverde Pablo Guerrón-Quintana |
Bargaining Shocks and Aggregate Fluctuations |
| w23614 |
Alp Simsek |
A Risk-centric Model of Demand Recessions and Speculation |
| w23586 |
|
Optimal Regulation of Financial Intermediaries |
| w23562 |
|
The Global Factor in Neutral Policy Rates: Some Implications for Exchange Rates, Monetary Policy, and Policy Coordination |
| w23452 |
Alexei Tchistyi |
An Equilibrium Model of Housing and Mortgage Markets with State-Contingent Lending Contracts |
| w23440 |
Alan M. Taylor |
International Monetary Relations: Taking Finance Seriously |
| w23429 |
|
Why You Should Never Use the Hodrick-Prescott Filter |
| w23424 |
Michael Weber |
Monetary Policy through Production Networks: Evidence from the Stock Market |
| w23316 |
Victoria Ivashina |
Monetary Policy and Global Banking |
| w23314 |
Yan Bai Luigi Bocola |
Sovereign Default Risk and Firm Heterogeneity |
| w23311 |
|
Measuring the Effects of Federal Reserve Forward Guidance and Asset Purchases on Financial Markets |
| w23304 |
Yuriy Gorodnichenko Rupal Kamdar |
The Formation of Expectations, Inflation and the Phillips Curve |
| w23287 |
Björn Richter Moritz Schularick Alan M. Taylor |
Bank Capital Redux: Solvency, Liquidity, and Crisis |
| w23281 |
Iván Werning |
Monetary Policy, Bounded Rationality, and Incomplete Markets |
| w23245 |
Hélène Rey |
Financial Cycles with Heterogeneous Intermediaries |
| w23234 |
Gregor Jarosch Robert Shimer |
The Emergence of Market Structure |
| w23204 |
|
The London Monetary and Economic Conference of 1933 and the End of The Great Depression: A "Change of Regime" Analysis |
| w23167 |
Gary B. Gorton |
Bank Health Post-Crisis |
| w23165 |
Karel Mertens |
A Narrative Analysis of Mortgage Asset Purchases by Federal Agencies |
| w23157 |
Peter N. Ireland |
Circumventing the Zero Lower Bound with Monetary Policy Rules Based on Money |
| w23154 |
Karel Mertens Morten O. Ravn |
The Macroeconomic Effects of Government Asset Purchases: Evidence from Postwar US Housing Credit Policy |
| w23151 |
Enrique G. Mendoza Victoria Nuguer Jessica Roldán-Peña |
Tight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and Financial Policies |
| w23074 |
Moritz Schularick Alan M. Taylor |
The effects of quasi-random monetary experiments |
| w23066 |
Ryan Liu Carolin Pflueger Michael Weber |
Flexible Prices and Leverage |
| w23032 |
|
Macro-economic Management in an Electronic Credit/Financial System |
| 2016 | ||
| w22990 |
Yan Bai Patrick J. Kehoe |
Financial Frictions and Fluctuations in Volatility |
| w22979 |
|
Stepping on a Rake: the Fiscal Theory of Monetary Policy |
| w22958 |
Hikaru Saijo |
Learning, Confidence, and Business Cycles |
| w22924 |
Han Shin René M. Stulz |
Why Does Capital No Longer Flow More to the Industries with the Best Growth Opportunities? |
| w22905 |
Pietro Veronesi |
Leverage |
| w22891 |
Kinda Cheryl Hachem Gary Richardson |
Relationship Lending and the Great Depression |
| w22868 |
|
Macroprudential Policy: Promise and Challenges |
| w22839 |
Eric Engstrom Andrey Ermolov |
Macro Risks and the Term Structure of Interest Rates |
| w22837 |
|
The Theory of Credit and Macro-economic Stability |
| w22831 |
Michael Weber |
Monetary Policy and the Stock Market: Time-Series Evidence |
| w22827 |
Raphael Schoenle Jae Sim Egon Zakrajšek |
Inflation Dynamics During the Financial Crisis |
| w22790 |
Thomas M. Mertens Tony Zhang |
A Risk-based Theory of Exchange Rate Stabilization |
| w22785 |
Chen Lian |
Forward Guidance without Common Knowledge |
| w22761 |
Ricardo Reis |
Achieving Price Stability by Manipulating the Central Bank's Payment on Reserves |
| w22751 |
Alp Simsek |
A Model of Fickle Capital Flows and Retrenchment |
| w22747 |
Se Yan Liuyan Zhao |
Silver Points, Silver Flows, and the Measure of Chinese Financial Integration |
| w22743 |
Moritz Schularick Alan M. Taylor |
Macrofinancial History and the New Business Cycle Facts |
| w22729 |
Jennie Bai Charles-Henri Weymuller |
Measuring Liquidity Mismatch in the Banking Sector |
| w22694 |
Alessandro Dovis |
Self-Fulfilling Debt Crises: A Quantitative Analysis |
| w22663 |
V. V. Chari Patrick J. Kehoe Ellen McGrattan |
Accounting for Business Cycles |
| w22639 |
Luca Fornaro Alberto Martin Jaume Ventura |
Monetary Policy for a Bubbly World |
| w22618 |
Hélène Rey |
Real Interest Rates, Imbalances and the Curse of Regional Safe Asset Providers at the Zero Lower Bound |
| w22599 |
Ping He |
Optimal Monetary Policy in a Collateralized Economy |
| w22592 |
Carolin E. Pflueger Jesse Schreger |
Sovereign Debt Portfolios, Bond Risks, and the Credibility of Monetary Policy |
| w22572 |
Martin Lettau Sydney C. Ludvigson |
Monetary Policy and Asset Valuation |
| w22535 |
|
From Chronic Inflation to Chronic Deflation: Focusing on Expectations and Liquidity Disarray Since WWII |
| w22533 |
Yuliy Sannikov |
The I Theory of Money |
| w22520 |
|
Cash Flow Duration and the Term Structure of Equity Returns |
| w22510 |
Olivier Coibion Yuriy Gorodnichenko Johannes Wieland |
Infrequent but Long-Lived Zero-Bound Episodes and the Optimal Rate of Inflation |
| w22481 |
Martín Uribe |
Is Optimal Capital-Control Policy Countercyclical In Open-Economy Models With Collateral Constraints? |
| w22475 |
Robert E. Lucas Jr. Juan Pablo Nicolini Warren Weber |
International Evidence on Long Run Money Demand |
| w22444 |
Anton Korinek |
Pecuniary Externalities in Economies with Financial Frictions |
| w22431 |
Ryan Wessel |
Monetary Policy with 100 Percent Reserve Banking: An Exploration |
| w22415 |
|
QE in the future: the central bank's balance sheet in a fiscal crisis |
| w22370 |
Thomas Philippon Dimitri Vayanos |
The Analytics of the Greek Crisis |
| w22364 |
Lars Peter Hansen |
Term Structure of Uncertainty in the Macroeconomy |
| w22356 |
|
The Staying Power of Staggered Wage and Price Setting Models in Macroeconomics |
| w22354 |
Martin Schneider |
Housing and Macroeconomics |
| w22343 |
Yuliy Sannikov |
Macro, Money and Finance: A Continuous Time Approach |
| w22311 |
Robert Lester Eric Sims |
Are Supply Shocks Contractionary at the ZLB? Evidence from Utilization-Adjusted TFP Data |
| w22297 |
Chen Lian |
Incomplete Information in Macroeconomics: Accommodating Frictions in Coordination |
| w22295 |
Matteo Maggiori |
A Model of the International Monetary System |
| w22285 |
|
Quantitative Easing and Financial Stability |
| w22283 |
Alessandro Rebucci |
Does Easing Monetary Policy Increase Financial Instability? |
| w22271 |
Arvind Krishnamurthy Konstantin Milbradt |
A Model of Safe Asset Determination |
| w22264 |
Martín Uribe |
Multiple Equilibria in Open Economy Models with Collateral Constraints: Overborrowing Revisited |
| w22259 |
Gauti Eggertsson Andrea Ferrero Nobuhiro Kiyotaki |
The Great Escape? A Quantitative Evaluation of the Fed's Liquidity Facilities |
| w22256 |
Amir Sufi |
Who Bears the Cost of Recessions? The Role of House Prices and Household Debt |
| w22243 |
Kevin Proulx |
Bernanke's No-arbitrage Argument Revisited: Can Open Market Operations in Real Assets Eliminate the Liquidity Trap? |
| w22238 |
David Yermack |
Digital Currencies, Decentralized Ledgers, and the Future of Central Banking |
| w22223 |
Matthew Jaremski |
Deposit Insurance: Theories and Facts |
| w22212 |
Jennifer La’O |
Distortions in Production Networks |
| w22210 |
|
The History and Economics of Safe Assets |
| w22198 |
Charles Yuji Horioka |
The 'Real' Explanation of the PPP Puzzle |
| w22196 |
|
The Role of the Growth of Risk-Averse Wealth in the Decline of the Safe Real Interest Rate |
| w22192 |
|
Colonial American Paper Money and the Quantity Theory of Money: An Extension |
| w22183 |
Jing Cynthia Wu |
Bond Risk Premia in Consumption-based Models |
| w22177 |
Robert Lester Eric Sims |
Raise Rates to Raise Inflation? Neo-Fisherianism in the New Keynesian Model |
| w22157 |
Daniel Sanches |
Can Currency Competition Work? |
| w22136 |
Konstantin Platonov |
Animal Spirits in a Monetary Model |
| w22133 |
Yuliy Sannikov |
On the Optimal Inflation Rate |
| w22129 |
Emi Nakamura Jón Steinsson |
The Discounted Euler Equation: A Note |
| w22125 |
Satyajit Chatterjee Harold Cole Zachary Stangebye |
Quantitative Models of Sovereign Debt Crises |
| w22100 |
Michael Bordo John V. Duca |
Money and Velocity During Financial Crises: From the Great Depression to the Great Recession |
| w22074 |
Gary Richardson |
Network Contagion and Interbank Amplification during the Great Depression |
| w22064 |
Ellis W. Tallman |
Too-Big-To-Fail Before the Fed |
| w22058 |
Cristina Fuentes-Albero Simon Gilchrist Egon Zakrajšek |
The Macroeconomic Impact of Financial and Uncertainty Shocks |
| w22053 |
Anil K. Kashyap |
Liquidity Requirements, Liquidity Choice and Financial Stability |
| w22036 |
Ellis W. Tallman |
How Did Pre-Fed Banking Panics End? |
| w22021 |
John V. Duca Christoffer Koch |
Economic Policy Uncertainty and the Credit Channel: Aggregate and Bank Level U.S. Evidence over Several Decades |
| w22020 |
Arunima Sinha |
The Term Structure of Interest Rates in India |
| w22008 |
Guillermo Ordoñez |
Good Booms, Bad Booms |
| w22006 |
Ramon Marimon |
Breaking the Spell with Credit-Easing: Self-Confirming Credit Crises in Competitive Search Economies |
| w21997 |
Oren Levintal |
Solution Methods for Models with Rare Disasters |
| w21958 |
Vincent Reinhart Christoph Trebesch |
Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015 |
| w21954 |
|
Japanization: Is it Endemic or Epidemic? |
| w21942 |
Giorgio E. Primiceri Andrea Tambalotti |
A Simple Model of Subprime Borrowers and Credit Growth |
| w21892 |
Nobuhiro Kiyotaki Andrea Prestipino |
Wholesale Banking and Bank Runs in Macroeconomic Modelling of Financial Crises |
| w21888 |
Gordon Y. Liao |
Options-Pricing Formula with Disaster Risk |
| w21881 |
|
Colonial Virginia's Paper Money Regime, 1755-1774: Value Decomposition and Performance |
| w21880 |
Zheng Michael Song |
Liquidity Rules and Credit Booms |
| w21879 |
Jeremy C. Stein Egon Zakrajšek |
Credit-Market Sentiment and the Business Cycle |
| 2015 | ||
| w21820 |
Michael Woodford |
Credit Frictions and Optimal Monetary Policy |
| w21816 |
|
Measuring the Effects of Unconventional Monetary Policy on Asset Prices |
| w21814 |
Hassan Afrouzi Olivier Coibion Yuriy Gorodnichenko |
Inflation Targeting Does Not Anchor Inflation Expectations: Evidence from Firms in New Zealand |
| w21803 |
Sai Ma Serena Ng |
Uncertainty and Business Cycles: Exogenous Impulse or Endogenous Response? |
| w21791 |
Eric R. Young Changhua Yu |
A New Dilemma: Capital Controls and Monetary Policy in Sudden Stop Economies |
| w21779 |
Pierre-Olivier Weill Tsz-Nga Wong |
Working through the Distribution: Money in the Short and Long Run |
| w21739 |
Kairong Xiao |
Regulation and Market Liquidity |
| w21731 |
Lei Qiao Yeneng Sun |
Dynamic Directed Random Matching |
| w21728 |
|
Common Currency versus Currency Union: The U.S. Continental Dollar and Denominational Structure, 1775-1776 |
| w21722 |
Hélène Rey |
US Monetary Policy and the Global Financial Cycle |
| w21694 |
Francis A. Longstaff Alvaro Garcia Marin |
The U.S. Debt Restructuring of 1933: Consequences and Lessons |
| w21686 |
Plamen T. Nenov Alp Simsek |
The Choice Channel of Financial Innovation |
| w21614 |
Michael Woodford |
Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis |
| w21599 |
Eric R. Sims Jean Gardy Victor |
Inflation, Output, and Markup Dynamics with Forward-Looking Wage and Price Setters |
| w21581 |
Amir Sufi Emil Verner |
Household Debt and Business Cycles Worldwide |
| w21576 |
|
Monetary Policy, Bond Risk Premia, and the Economy |
| w21569 |
Adi Sunderam |
Gradualism in Monetary Policy: A Time-Consistency Problem? |
| w21487 |
Xiaoji Lin Jun Li Xiaofei Zhao |
Labor-Force Heterogeneity and Asset Prices: the Importance of Skilled Labor |
| w21486 |
Moritz Schularick Alan M. Taylor |
Leveraged Bubbles |
| w21476 |
Ethan S. Harris Jan Hatzius Kenneth D. West |
The Equilibrium Real Funds Rate: Past, Present and Future |
| w21458 |
William R. Kerr Ramana Nanda |
House Prices, Home Equity and Entrepreneurship: Evidence from U.S. Census Micro Data |
| w21444 |
|
Towards a General Theory of Deep Downturns |
| w21420 |
Robert Lester Eric Sims |
On the Desirability of Nominal GDP Targeting |
| w21336 |
Gauti B. Eggertsson Bulat Gafarov |
Time Consistency and the Duration of Government Debt: A Signalling Theory of Quantitative Easing |
| w21334 |
Monika Piazzesi Martin Schneider |
Banks' Risk Exposures |
| w21333 |
Miguel Angel Santos |
From Financial Repression to External Distress: The Case of Venezuela |
| w21294 |
Xuewen Liu Pengfei Wang |
Sentiments, Financial Markets, and Macroeconomic Fluctuations |
| w21287 |
Christopher M. Meissner |
Growing Up to Stability? Financial Globalization, Financial Development and Financial Crises |
| w21226 |
|
Different Types of Central Bank Insolvency and the Central Role of Seignorage |
| w21201 |
Joseba Martinez Thomas Philippon |
Runs versus Lemons: Information Disclosure and Fiscal Capacity |
| w21182 |
Stefano Giglio Anh Le Marius Rodriguez |
The Price of Variance Risk |
| w21179 |
Pierre-Olivier Weill Tsz-Nga Wong |
A Tractable Model of Monetary Exchange with Ex-post Heterogeneity |
| w21173 |
Ricardo Reis |
Maintaining Central-Bank Financial Stability under New-Style Central Banking |
| w21152 |
|
Colonial New Jersey's Provincial Fiscal Structure, 1709-1775: Spending Obligations, Revenue Sources, and Tax Burdens in War and in Peace |
| w21121 |
Paola Sapienza Luigi Zingales |
Monnet's Error? |
| w21110 |
Francesco Lippi |
Cash burns: An inventory model with a cash-credit choice |
| w21092 |
Yuriy Gorodnichenko Saten Kumar |
How Do Firms Form Their Expectations? New Survey Evidence |
| w21039 |
|
Credit, Financial Stability, and the Macroeconomy |
| w21021 |
David H. Romer |
New Evidence on the Impact of Financial Crises in Advanced Countries |
| w21017 |
Harold James |
Capital Flows and Domestic and International Order: Trilemmas from Macroeconomics to Political Economy and International Relations |
| w21016 |
Kewei Hou Howard Kung Lu Zhang |
The CAPM Strikes Back? An Investment Model with Disasters |
| w20963 |
Bryan T. Kelly Seth Pruitt |
Systemic Risk and the Macroeconomy: An Empirical Evaluation |
| w20957 |
Fangzhou Lu Robert F. Whitelaw |
The Real Value of China's Stock Market |
| w20947 |
Amir Sufi |
Fraudulent Income Overstatement on Mortgage Applications during the Credit Expansion of 2002 to 2005 |
| w20933 |
Alberto Martin |
The International Transmission of Credit Bubbles: Theory and Policy |
| w20882 |
Emi Nakamura Jón Steinsson |
The Power of Forward Guidance Revisited |
| w20874 |
Giorgio E. Primiceri Andrea Tambalotti |
Credit Supply and the Housing Boom |
| w20852 |
|
The Limits of Bimetallism |
| w20831 |
|
Global Sunspots and Asset Prices in a Monetary Economy |
| w20821 |
Yan Ji Robert M. Townsend D. Filiz Unsal |
Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income |
| 2014 | ||
| w20805 |
Damiano Sandri |
Capital Controls or Macroprudential Regulation? |
| w20771 |
Moritz HP. Schularick Alan M. Taylor |
Betting the House |
| w20730 |
Harald Uhlig |
Corporate Debt Structure and the Financial Crisis |
| w20711 |
Jonathan H. Wright |
Jumps in Bond Yields at Known Times |
| w20703 |
Russell Cooper |
The Collateral Trap |
| w20682 |
Haitao Mo Chen Xue Lu Zhang |
Which Factors? |
| w20678 |
George M. Constantinides |
Prices, Consumption, and Dividends Over the Business Cycle: A Tale of Two Regimes |
| w20650 |
Antoine Camous |
Monetary Policy and Debt Fragility |
| w20642 |
Feng Dong Pengfei Wang |
Adverse Selection and Self-fulfilling Business Cycles |
| w20617 |
José-Víctor Ríos-Rull |
Credit, Bankruptcy, and Aggregate Fluctuations |
| w20603 |
Matthew Jaremski |
The Evolution of Bank Supervision: Evidence from U.S. States |
| w20594 |
Jing Cynthia Wu |
Monetary Policy Uncertainty and Economic Fluctuations |
| w20581 |
Mark T. Leary Michael R. Roberts |
How Does Government Borrowing Affect Corporate Financing and Investment? |
| w20572 |
Thomas Philippon |
Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone |
| w20569 |
Andrei Shleifer Matthew Rognlie |
Investment Hangover and the Great Recession |
| w20554 |
Michael D. Bordo Eric Monnet |
The Price of Stability: The balance sheet policy of the Banque de France and the Gold Standard (1880-1914) |
| w20524 |
Jim Celia |
Non-Legal-Tender Paper Money: The Structure and Performance of Maryland's Bills of Credit, 1767-1775 |
| w20518 |
Mark M. Spiegel Eric T. Swanson |
Monetary Policy Effectiveness in China: Evidence from a FAVAR Model |
| w20442 |
Tyler Muir |
Aggregate External Financing and Savings Waves |
| w20507 |
|
The Federal Reserve's Abandonment of its 1923 Principles |
| w20501 |
Moritz Schularick Alan M. Taylor |
The Great Mortgaging: Housing Finance, Crises, and Business Cycles |
| w20490 |
Saki Bigio |
Banks, Liquidity Management and Monetary Policy |
| w20486 |
John C. Williams |
Measuring the Effect of the Zero Lower Bound on Medium- and Longer-Term Interest Rates |
| w20445 |
Laura Veldkamp |
Understanding Uncertainty Shocks and the Role of Black Swans |
| w20435 |
Jules H. van Binsbergen |
Assessing Asset Pricing Models Using Revealed Preference |
| w20419 |
Ricardo Lagos |
Trade Dynamics in the Market for Federal Funds |
| w20408 |
John Y. Campbell Tarun Ramadorai |
What Calls to ARMs? International Evidence on Interest Rates and the Choice of Adjustable-Rate Mortgages |
| w20377 |
Pengfei Wang Tao Zha |
Discount Shock, Price-Rent Dynamics, and the Business Cycle |
| w20365 |
|
Inefficiently Low Screening with Walrasian Markets |
| w20346 |
Guillermo Ordoñez Christoph Trebesch |
Political Booms, Financial Crises |
| w20340 |
Hugo A. Hopenhayn Venky Venkateswaran |
Information, Misallocation and Aggregate Productivity |
| w20335 |
Alexi Savov |
The Macroeconomics of Shadow Banking |
| w20328 |
Harold L. Cole Hanno Lustig |
Implications of Heterogeneity in Preferences, Beliefs and Asset Trading Technologies for the Macroeconomy |
| w20303 |
Dongho Song Amir Yaron |
Identifying Long-Run Risks: A Bayesian Mixed-Frequency Approach |
| w20265 |
|
The Liquidity Premium of Near-Money Assets |
| w20255 |
Gary Gorton Bengt Holmström Guillermo Ordonez |
Banks as Secret Keepers |
| w20246 |
Jaromir B. Nosal Luminita Stevens |
Investor Sophistication and Capital Income Inequality |
| w20237 |
Christopher L. House |
Optimal Taylor Rules in New Keynesian Models |
| w20230 |
|
Effects of Unconventional Monetary Policy on Financial Institutions |
| w20224 |
Peter Karadi |
Monetary Policy Surprises, Credit Costs and Economic Activity |
| w20210 |
Xiaoji Lin Fan Yang |
External Equity Financing Shocks, Financial Flows, and Asset Prices |
| w20207 |
Luigi Zingales |
Banks Are Where The Liquidity Is |
| w20193 |
Thomas M. Mertens |
Information Aggregation in a DSGE Model |
| w20165 |
Dimitrios P. Tsomocos Alexandros P. Vardoulakis |
How does macroprudential regulation change bank credit supply? |
| w20154 |
Matteo Maggiori Johannes Stroebel |
No-Bubble Condition: Model-free Tests in Housing Markets |
| w20152 |
Amir Sufi |
House Price Gains and U.S. Household Spending from 2002 to 2006 |
| w20133 |
Matteo Maggiori Johannes Stroebel |
Very Long-Run Discount Rates |
| w20126 |
|
Costs and Benefits to Phasing Out Paper Currency |
| w20115 |
Jing Cynthia Wu |
Estimation of Affine Term Structure Models with Spanned or Unspanned Stochastic Volatility |
| w20117 |
Fan Dora Xia |
Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound |
| w20110 |
Anisha Ghosh |
Asset Pricing with Countercyclical Household Consumption Risk |
| w20099 |
Ling Feng Ching-Yi Lin |
Financial Frictions and Firm Dynamics |
| w20094 |
David López-Salido Egon Zakrajšek |
Monetary Policy and Real Borrowing Costs at the Zero Lower Bound |
| w20081 |
Cosmin L. Ilut Martin Schneider |
Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle |
| w20076 |
Bryan T. Kelly Hanno Lustig Stijn Van Nieuwerburgh |
The Common Factor in Idiosyncratic Volatility: Quantitative Asset Pricing Implications |
| w20070 |
Carolin Pflueger Luis M. Viceira |
Macroeconomic Drivers of Bond and Equity Risks |
| w20041 |
Benoît Mojon |
Credit Risk in the Euro Area |
| w20027 |
Andrew Metrick Lei Xie |
The Flight from Maturity |
| w19997 |
Roberto Fattal-Jaef Yongseok Shin |
Anatomy of a Credit Crunch: From Capital to Labor Markets |
| w19985 |
Julien Fouquau Richard Portes |
Nonlinearities in Sovereign Risk Pricing: The Role of CDS Index Contracts |
| w19970 |
Alp Simsek |
Liquidity Trap and Excessive Leverage |
| w19960 |
Alberto Martin |
Managing Credit Bubbles |
| w19910 |
Mark T. Leary Michael R. Roberts |
A Century of Capital Structure: The Leveraging of Corporate America |
| w19903 |
|
A New Approach to Solving the Colonial Monetary Puzzle: Evidence from New Jersey, 1709-1775 |
| w19887 |
David Low |
Measuring the ''World'' Real Interest Rate |
| w19885 |
Arvind Krishnamurthy |
A Macroeconomic Framework for Quantifying Systemic Risk |
| w19854 |
Matteo Maggiori |
International Liquidity and Exchange Rate Dynamics |
| w19823 |
Kenneth S. Rogoff |
Recovery from Financial Crises: Evidence from 100 Episodes |
| w19814 |
Robin L. Lumsdaine Michel van der Wel |
Market Set-Up in Advance of Federal Reserve Policy Decisions |
| w19777 |
Emmanuel Saez |
An Economical Business-Cycle Model |
| 2013 | ||
| w19747 |
|
Is Bitcoin a Real Currency? An economic appraisal |
| w19683 |
Fabrizio Coricelli Pablo Ottonello |
Jobless Recoveries During Financial Crises: Is Inflation the Way Out? |
| w19650 |
Michael W. Brandt Maurizio Luisi |
Distilling the Macroeconomic News Flow |
| w19635 |
Giorgio Primiceri Andrea Tambalotti |
The Effects of the Saving and Banking Glut on the U.S. Economy |
| w19594 |
Ramon Marimon Vincenzo Quadrini |
Risky Investments with Limited Commitment |
| w19572 |
Jonathan Kreamer |
The Redistributive Effects of Financial Deregulation |
| w19540 |
|
The Development of Opacity in U.S. Banking |
| w19537 |
Martin Schneider |
Money as a Unit of Account |
| w19523 |
Christian Grisse |
Time Variation in Asset Price Responses to Macro Announcements |
| w19516 |
Manuel Amador Emmanuel Farhi Gita Gopinath |
Crisis and Commitment: Inflation Credibility and the Vulnerability to Sovereign Debt Crises |
| w19497 |
|
Banking Globalization, Transmission, and Monetary Policy Autonomy |
| w19477 |
Enrique G. Mendoza |
Distributional Incentives in an Equilibrium Model of Domestic Sovereign Default |
| w19476 |
|
The New-Keynesian Liquidity Trap |
| w19456 |
Sydney C. Ludvigson Serena Ng |
Measuring Uncertainty |
| w19421 |
Michael Michaux Nikolai Roussanov |
Houses as ATMs? Mortgage Refinancing and Macroeconomic Uncertainty |
| w19405 |
|
Does the Federal Reserve Care About the Rest of the World? |
| w19382 |
Jianjun Miao Tao Zha |
Land Prices and Unemployment |
| w19362 |
Enrique G. Mendoza |
From Sudden Stops to Fisherian Deflation: Quantitative Theory and Policy Implications |
| w19360 |
Mikhail Chernov Stanley E. Zin Irina Zviadadze |
Identifying Taylor Rules in Macro-Finance Models |
| w19345 |
Paul S. Willen |
Payment Size, Negative Equity, and Mortgage Default |
| w19337 |
Egon Zakrajsek |
The Impact of the Federal Reserve's Large-Scale Asset Purchase Programs on Corporate Credit Risk |
| w19323 |
Erwan Quintin |
Leverage and the Foreclosure Crisis |
| w19313 |
Iván Werning |
A Theory of Macroprudential Policies in the Presence of Nominal Rigidities |
| w19278 |
Kalin Nikolov |
Government Debt and Banking Fragility: The Spreading of Strategic Uncertainty |
| w19260 |
Jón Steinsson |
High Frequency Identification of Monetary Non-Neutrality: The Information Effect |
| w19248 |
Pablo Cuba-Borda Frank Schorfheide |
Macroeconomic Dynamics Near the ZLB: A Tale of Two Countries |
| w19246 |
Samuel Hanson |
Waves in Ship Prices and Investment |
| w19204 |
Andrea L. Eisfeldt Pierre-Olivier Weill |
Measuring the Financial Soundness of U.S. Firms, 1926-2012 |
| w19192 |
Patrick J. Kehoe |
Bailouts, Time Inconsistency, and Optimal Regulation |
| w19184 |
Luigi Zingales |
Liquidity and Inefficient Investment |
| w19156 |
Adi Sunderam |
Concentration in Mortgage Lending, Refinancing Activity and Mortgage Rates |
| w19146 |
|
Asset Pricing Implications of Macroeconomic Interventions An Application to Climate Policy |
| w19139 |
René M. Stulz |
Why High Leverage is Optimal for Banks |
| w19132 |
Hubert Kempf |
Deposit Insurance and Orderly Liquidation without Commitment: Can we Sleep Well? |
| w19129 |
Nobuhiro Kiyotaki |
Banking, Liquidity and Bank Runs in an Infinite-Horizon Economy |
| w19117 |
Andrei Shleifer Robert W. Vishny |
Finance and the Preservation of Wealth |
| w19106 |
Jonathan Zinman |
Long-Run Price Elasticities of Demand for Credit: Evidence from a Countrywide Field Experiment in Mexico |
| w19095 |
Geert Bekaert Koen Inghelbrecht Min Wei |
Flights to Safety |
| w19093 |
Claudia Buch Katheryn Russ Monika Schnitzer |
Big Banks and Macroeconomic Outcomes: Theory and Cross-Country Evidence of Granularity |
| w19072 |
Katherine A. Smith |
Financial Globalization, Financial Crises, and the External Portfolio Structure of Emerging Markets |
| w19022 |
|
Sustainable Shadow Banking |
| w19009 |
Randall Wright |
Pledgability and Liquidity: A New Monetarist Model of Financial and Macroeconomic Activity |
| w19008 |
Thomas J. Sargent |
Fiscal Discriminations in Three Wars |
| w18941 |
Giorgio E. Primiceri Andrea Tambalotti |
Household Leveraging and Deleveraging |
| w18922 |
Yves Nosbusch Dimitri Vayanos |
Bond Market Clienteles, the Yield Curve, and the Optimal Maturity Structure of Government Debt |
| w18895 |
Gary Richardson |
Does "Skin in the Game" Reduce Risk Taking? Leverage, Liability and the Long-Run Consequences of New Deal Banking Reforms |
| w18890 |
David E. Weinstein |
How Much do Idiosyncratic Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data |
| w18864 |
Christopher Phelan |
Speculative Runs on Interest Rate Pegs |
| w18860 |
Michael Weber |
Are Sticky Prices Costly? Evidence From The Stock Market |
| w18806 |
|
Monetary Policy and Rational Asset Price Bubbles |
| w18800 |
Fabrice Collard Harris Dellas Behzad Diba |
Optimal Public Debt Management and Liquidity Provision |
| w18796 |
|
The Interwar Housing Cycle in the Light of 2001-2011: A Comparative Historical Approach |
| w18766 |
Guillermo Ordoñez |
Uncertainty as Commitment |
| w18759 |
Sanjay P. Misra |
Gold Returns |
| w18737 |
Emmanuel Farhi |
A Model of the Safe Asset Mechanism (SAM): Safety Traps and Economic Policy |
| w18732 |
Guillermo Ordoñez |
The Supply and Demand for Safe Assets |
| w18688 |
Daisuke Ikeda |
Leverage Restrictions in a Business Cycle Model |
| w18682 |
Roberto Motto Massimo Rostagno |
Risk Shocks |
| w18675 |
Anton Korinek |
Macroprudential Regulation Versus Mopping Up After the Crash |
| 2012 | ||
| w18647 |
Carine Nourry Alain Venditti |
The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World |
| w18616 |
Paul W. Rhode |
Harvests and Financial Crises in Gold-Standard America |
| w18606 |
|
External Imbalances and Financial Crises |
| w18587 |
|
Efficient Bailouts? |
| w18527 |
Ilan Noy |
Macroeconomic Adjustment and the History of Crises in Open Economies |
| w18510 |
|
LEADS on Macroeconomic Risks to and from the Household Sector |
| w18505 |
|
Challenges in Identifying and Measuring Systemic Risk |
| w18496 |
|
Rare Disasters, Tail-Hedged Investments, and Risk-Adjusted Discount Rates |
| w18480 |
Fabrizio Coricelli Pablo Ottonello |
Labor Market, Financial Crises and Inflation: Jobless and Wageless Recoveries |
| w18467 |
Michele Lenza Giorgio E. Primiceri |
Prior Selection for Vector Autoregressions |
| w18408 |
Konstantin Milbradt |
Endogenous Liquidity and Defaultable Bonds |
| w18406 |
|
Adverse Selection In Credit Markets and Regressive Profit Taxation |
| w18397 |
|
Some Reflections on the Recent Financial Crisis |
| w18379 |
Marco E. Terrones |
An Anatomy of Credit Booms and their Demise |
| w18360 |
|
The Asymmetric Effects of Financial Frictions |
| w18362 |
M. Ayhan Kose Christopher Otrok Marco E. Terrones |
Global House Price Fluctuations: Synchronization and Determinants |
| w18358 |
Jonathan A. Parker |
Valuation, Adverse Selection, and Market Collapses |
| w18304 |
|
An Empirical Analysis of the Fed's Term Auction Facility |
| w18289 |
Léonce Ndikumana Prime Nyamoya |
The Financial Sector in Burundi |
| w18285 |
|
The Price Theory of Money, Prospero's Liquidity Trap, and Sudden Stop: Back to Basics and Back |
| w18276 |
Morris A. Davis Randall Wright |
Homework in Monetary Economics: Inflation, Home Production, and the Production of Homes |
| w18273 |
Yuriy Gorodnichenko Gee Hee Hong |
The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications |
| w18264 |
Eric Hilt Lily Y. Zhou |
Economic Effects of Runs on Early 'Shadow Banks': Trust Companies and the Impact of the Panic of 1907 |
| w18219 |
Alejandro Izquierdo Rudy Loo-Kung |
Optimal Holdings of International Reserves: Self-Insurance against Sudden Stop |
| w18215 |
|
Determinacy, Learnability, Plausibility, and the Role of Money in New Keynesian Models |
| w18195 |
Jonathan H. Wright |
The Economics of Options-Implied Inflation Probability Density Functions |
| w18170 |
Yuriy Gorodnichenko Lorenz Kueng John Silvia |
Innocent Bystanders? Monetary Policy and Inequality in the U.S. |
| w18152 |
Francesco Lippi |
The Demand of Liquid Assets with Uncertain Lumpy Expenditures |
| w18102 |
Thomas M. Eisenbach Yuliy Sannikov |
Macroeconomics with Financial Frictions: A Survey |
| w18099 |
|
Chronic Specie Scarcity and Efficient Barter: The Problem of Maintaining an Outside Money Supply in British Colonial America |
| w18094 |
Mark W. Watson |
Disentangling the Channels of the 2007-2009 Recession |
| w18074 |
Pengfei Wang |
Financial Constraints, Endogenous Markups, and Self-fulfilling Equilibria |
| w18072 |
Emmanuel Farhi Enisse Kharroubi |
Monetary Policy, Liquidity, and Growth |
| w18036 |
Emine Boz Enrique G. Mendoza |
Macro-Prudential Policy in a Fisherian model of Financial Innovation |
| w18035 |
Serdar Ozkan Jae Song |
The Nature of Countercyclical Income Risk |
| w18015 |
Vincent R. Reinhart Kenneth S. Rogoff |
Debt Overhangs: Past and Present |
| w18007 |
|
The Effect of Conventional and Unconventional Monetary Policy Rules on Inflation Expectations: Theory and Evidence |
| w17997 |
|
Is Paper Money Just Paper Money? Experimentation and Variation in the Paper Monies Issued by the American Colonies from 1690 to 1775 |
| w17956 |
Nir Jaimovich Sergio Rebelo Josephine Smith |
How Frequent Are Small Price Changes? |
| w17941 |
|
A Series of Unfortunate Events: Common Sequencing Patterns in Financial Crises |
| w17934 |
John Moore |
Liquidity, Business Cycles, and Monetary Policy |
| w17923 |
Francesco Lippi |
Price Setting with menu cost for Multi-product firms |
| w17905 |
Joseph P. Kaboski Yongseok Shin |
The Macroeconomics of Microfinance |
| w17885 |
Peter N. Ireland |
The Barnett Critique After Three Decades: A New Keynesian Analysis |
| w17876 |
Robert Shimer |
Dynamic Adverse Selection: A Theory of Illiquidity, Fire Sales, and Flight to Quality |
| w17873 |
Linda S. Goldberg |
Follow the Money: Quantifying Domestic Effects of Foreign Bank Shocks in the Great Recession |
| w17868 |
Doron Nissim |
Crisis-Related Shifts in the Market Valuation of Banking Activities |
| w17854 |
Francis A. Longstaff Stephen Schaefer Ilya Strebulaev |
Macroeconomic Effects of Corporate Default Crises: A Long-Term Perspective |
| w17838 |
Nada Mora |
Are Banks Passive Liquidity Backstops? Deposit Rates and Flows during the 2007-2009 Crisis |
| w17823 |
|
Practical Monetary Policy: Examples from Sweden and the United States |
| w17791 |
Tao Zha |
Confronting Model Misspecification in Macroeconomics |
| w17780 |
Frederic S. Mishkin Hyun Song Shin Kwanho Shin |
Macroprudential Policies in Open Emerging Economies |
| w17775 |
Benjamin Moll |
Aggregate Implications of a Credit Crunch |
| w17756 |
Linda Tesar Jing Zhang |
The Impact of Foreign Liabilities on Small Firms: Firm-Level Evidence from the Korean Crisis |
| w17777 |
Stefan Lewellen Andrew Metrick |
The Safe-Asset Share |
| w17772 |
Jing Cynthia Wu |
Identification and Estimation of Gaussian Affine Term Structure Models |
| w17771 |
Guillermo Ordonez |
Collateral Crises |
| 2011 | ||
| w17682 |
|
Global Macroeconomic and Financial Supervision: Where Next? |
| w17583 |
Guido Lorenzoni |
Credit Crises, Precautionary Savings, and the Liquidity Trap |
| w17566 |
Francesco Lippi |
Persistent Liquidity Effects and Long Run Money Demand |
| w17555 |
Annette Vissing-Jorgensen |
The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy |
| w17548 |
Christian Hellwig Aleh Tsyvinski |
A Theory of Asset Pricing Based on Heterogeneous Information |
| w17543 |
Pablo A. Guerrón-Quintana Juan Rubio-Ramírez |
Supply-Side Policies and the Zero Lower Bound |
| w17518 |
Simon Johnson Changyong Rhee |
Ending "Too Big To Fail": Government Promises vs. Investor Perceptions |
| w17510 |
Randall Wright |
Endogenous Credit Cycles |
| w17500 |
Guillaume Rocheteau Pierre-Olivier Weill |
Liquidity and the Threat of Fraudulent Assets |
| w17448 |
James MacGee Michèle Tertilt |
Costly Contracts and Consumer Credit |
| w17437 |
Patrick Van Horn |
In the Eye of a Storm: Manhattan's Money Center Banks During the International Financial Crisis of 1931 |
| w17416 |
Wouter Hueskes Ralph Koijen Evert B. Vrugt |
Equity Yields |
| w17407 |
Michael M. Hutchison Yothin Jinjarak |
What is the Risk of European Sovereign Debt Defaults? Fiscal Space, CDS Spreads and Market Pricing of Risk |
| w17392 |
Victoria Ivashina |
Cyclicality of Credit Supply: Firm Level Evidence |
| w17389 |
Vincenzo Quadrini Antonella Trigari |
Financial Markets and Unemployment |
| w17359 |
Mark M. Spiegel |
Dollar Illiquidity and Central Bank Swap Arrangements During the Global Financial Crisis |
| w17331 |
Ina Simonovska |
Asset Liquidity and International Portfolio Choice |
| w17328 |
José F. Ursua |
Rare Macroeconomic Disasters |
| w17321 |
Philipp Schnabl |
Implicit Guarantees and Risk Taking: Evidence from Money Market Funds |
| w17311 |
Julia K. Thomas |
Credit Shocks and Aggregate Fluctuations in an Economy with Production Heterogeneity |
| w17299 |
Luigi Zingales |
Inefficient Provision of Liquidity |
| w17285 |
Lu Zhang |
Covariances versus Characteristics in General Equilibrium |
| w17277 |
Michael Siemer Adrien Verdelhan |
International Risk Cycles |
| w17276 |
|
The Continental Dollar: Initial Design, Ideal Performance, and the Credibility of Congressional Commitment |
| w17224 |
Pei Kuang Albert Marcet |
House Price Booms and the Current Account |
| w17219 |
Mikhail Chernov Stanley E. Zin |
Sources of Entropy in Representative Agent Models |
| w17209 |
|
State Redemption of the Continental Dollar, 1779-1790 |
| w17154 |
|
What does Monetary Policy do to Long-Term Interest Rates at the Zero Lower Bound? |
| w17151 |
Vivian Z. Yue |
A General Equilibrium Model of Sovereign Default and Business Cycles |
| w17144 |
Nittai K. Bergman Amit Seru |
Financing Labor |
| w17142 |
Daisuke Ikeda |
Government Policy, Credit Markets and Economic Activity |
| w17133 |
Pierpaolo Benigno Salvatore Nisticò |
Risk, Monetary Policy and the Exchange Rate |
| w17129 |
David N. Weil |
Mobile Banking: The Impact of M-Pesa in Kenya |
| w17123 |
Kris James Mitchener Marc D. Weidenmier |
Irving Fisher and Price-Level Targeting in Austria: Was Silver the Answer? |
| w17115 |
Andrei Shleifer Robert W. Vishny |
A Model of Shadow Banking |
| w17102 |
Boris Gershman Peter Howitt |
Banks, Market Organization, and Macroeconomic Performance: An Agent-Based Computational Analysis |
| w17045 |
Pengfei Wang Tao Zha |
Land-price dynamics and macroeconomic fluctuations |
| w17034 |
|
Are the Effects of Monetary Policy Shocks Big or Small? |
| w17026 |
|
Credit Risk and Disaster Risk |
| w17024 |
Peter L. Rousseau |
Historical Evidence on the Finance-Trade-Growth Nexus |
| w17021 |
Egon Zakrajšek |
Credit Spreads and Business Cycle Fluctuations |
| w16998 |
Marcella Lucchetta |
Systemic Risks and the Macroeconomy |
| w16996 |
Sydney C. Ludvigson |
Shocks and Crashes |
| w16994 |
Raghuram Rajan |
Illiquid Banks, Financial Stability, and Interest Rate Policy |
| w16982 |
Francis A. Longstaff |
Systemic Sovereign Credit Risk: Lessons from the U.S. and Europe |
| w16979 |
Harald Uhlig |
Bank Finance Versus Bond Finance |
| w16965 |
Virgiliu Midrigan Thomas Philippon |
Household Leverage and the Recession |
| w16962 |
|
Market-specific and Currency-specific Risk During the Global Financial Crisis: Evidence from the Interbank Markets in Tokyo and London |
| w16956 |
Jing Cynthia Wu |
The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound Environment |
| w16931 |
Jing Cynthia Wu |
Testable Implications of Affine Term Structure Models |
| w16925 |
Christopher M. Meissner |
Trade, Exchange Rate Regimes and Output Co-Movement: Evidence from the Great Depression |
| w16910 |
Robert H. Rasche David C. Wheelock |
The Great Inflation: Did the Shadow Know Better? |
| w16899 |
Olivier Jeanne |
Sovereign Default Risk and Bank Fragility in Financially Integrated Economies |
| w16893 |
M. Belen Sbrancia |
The Liquidation of Government Debt |
| w16836 |
Kwanho Shin |
Procyclicality and Monetary Aggregates |
| w16815 |
Vincent Reinhart |
Pride Goes Before a Fall: Federal Reserve Policy and Asset Markets |
| w16805 |
Carmen M. Reinhart Kenneth S. Rogoff |
Capital Controls: Myth and Reality - A Portfolio Balance Approach |
| w16777 |
Lasse Heje Pedersen |
Margin-Based Asset Pricing and Deviations from the Law of One Price |
| w16755 |
|
Monetary Policy Strategy: Lessons from the Crisis |
| w16752 |
Hubert Kempf |
Deposit Insurance Without Commitment: Wall St. Versus Main St |
| w16750 |
Jean Tirole |
Bubbly Liquidity |
| w16741 |
|
The Long Slump |
| w16707 |
Yuriy Gorodnichenko |
Why Are Target Interest Rate Changes So Persistent? |
| 2010 | ||
| w16642 |
Robert W. Vishny |
Fire Sales in Finance and Macroeconomics |
| w16654 |
|
Inflation Targeting |
| w16601 |
Lasse H. Pedersen |
Betting Against Beta |
| w16595 |
Atif R. Mian José-Luis Peydró Jesús Saurina |
Local Versus Aggregate Lending Channels: The Effects Of Securitization On Corporate Credit Supply In Spain |
| w16549 |
Eduardo S. Schwartz |
An Empirical Analysis of the Swaption Cube |
| w16537 |
Yuriy Gorodnichenko |
Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts |
| w16522 |
|
Animal Spirits, Persistent Unemployment and the Belief Function |
| w16460 |
Kris James Mitchener Gary Richardson |
Arresting Banking Panics: Fed Liquidity Provision and the Forgotten Panic of 1929 |
| w16458 |
Hanno Lustig Sevin Yeltekin |
How Does the U.S. Government Finance Fiscal Shocks? |
| w16428 |
|
Financial Sector Regulation and Reforms in Emerging Markets: An Overview |
| w16412 |
Seth Pruitt Scott Borger |
Estimating the Market-Perceived Monetary Policy Rule |
| w16402 |
Cosmin L. Ilut Roberto Motto Massimo Rostagno |
Monetary Policy and Stock Market Booms |
| w16400 |
Yongseok Shin |
Financial Frictions and the Persistence of History: A Quantitative Exploration |
| w16399 |
Jaume Ventura |
Theoretical Notes on Bubbles and the Current Crisis |
| w16398 |
Kavan J. Kucko |
The Predictive Power of the Yield Curve across Countries and Time |
| w16397 |
Marie Hoerova Marco Lo Duca |
Risk, Uncertainty and Monetary Policy |
| w16395 |
Ouarda Merrouche |
Precautionary Hoarding of Liquidity and Inter-Bank Markets: Evidence from the Sub-prime Crisis |
| w16393 |
Harald Uhlig |
Is Quantity Theory Still Alive? |
| w16386 |
Luigi Paciello |
Monetary Policy, Doubts and Asset Prices |
| w16377 |
Anton Korinek |
Managing Credit Booms and Busts: A Pigouvian Taxation Approach |
| w16374 |
Luca Antonio Ricci Paolo Surico |
Unemployment and Productivity in the Long Run: The Role of Macroeconomic Volatility |
| w16350 |
|
Did France Cause the Great Depression? |
| w16337 |
Nicolae Gârleanu Lasse Heje Pedersen |
Two Monetary Tools: Interest Rates and Haircuts |
| w16245 |
Kenneth A. Snowden |
Repairing a Mortgage Crisis: HOLC Lending and its Impact on Local Housing Markets |
| w16230 |
Joshua D. Gottlieb Joseph Gyourko |
Can Cheap Credit Explain the Housing Boom? |
| w16228 |
Alberto Giovannini |
Central Banks and the Financial System |
| w16200 |
Nittai K. Bergman |
Credit Traps |
| w16190 |
Caleb Stroup |
Monetization and Growth in Colonial New England, 1703-1749 |
| w16183 |
George M. Constantinides |
The Predictability of Returns with Regime Shifts in Consumption and Dividend Growth |
| w16165 |
Kenneth N. Kuttner |
Implementation of Monetary Policy: How Do Central Banks Set Interest Rates? |
| w16159 |
Cédric Tille Eric van Wincoop |
Self-Fulfilling Risk Panics |
| w16153 |
|
Consumption-Based Asset Pricing with Higher Cumulants |
| w16151 |
|
Macroeconomic Conditions and the Puzzles of Credit Spreads and Capital Structure |
| w16150 |
Peter Hooper Frederic S. Mishkin Kermit L. Schoenholtz Mark W. Watson |
Financial Conditions Indexes: A Fresh Look after the Financial Crisis |
| w16145 |
Yusufcan Masatlioglu |
Managing Markets for Toxic Assets |
| w16124 |
|
The Performance of Alternative Monetary Regimes |
| w16093 |
Yuriy Gorodnichenko Johannes F. Wieland |
The Optimal Inflation Rate in New Keynesian Models |
| w16091 |
Enrique G. Mendoza |
Overborrowing, Financial Crises and 'Macro-prudential' Taxes |
| w16087 |
|
Understanding Policy in the Great Recession: Some Unpleasant Fiscal Arithmetic |
| w16080 |
Ali Shourideh Ariel Zetlin-Jones |
Adverse Selection, Reputation and Sudden Collapses in Secondary Loan Markets |
| w16060 |
David Sraer David Thesmar |
The Collateral Channel: How Real Estate Shocks Affect Corporate Investment |
| w16054 |
Martin Uribe |
The Optimal Rate of Inflation |
| w16031 |
Itay Goldstein |
Self-Fulfilling Credit Market Freezes |
| w16020 |
Enrique G. Mendoza |
Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis |
| w15988 |
Sydney C. Ludvigson Stijn Van Nieuwerburgh |
The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk-Sharing in General Equilibrium |
| w15907 |
Agustín Roitman Carlos A. Végh |
Decoupling and Recoupling |
| w15883 |
Guido Lorenzoni Alessandro Pavan |
Beauty Contests and Irrational Exuberance: A Neoclassical Approach |
| w15879 |
Michael T. Kiley Frederic S. Mishkin |
How Has the Monetary Transmission Mechanism Evolved Over Time? |
| w15870 |
Jaume Ventura |
Economic Growth with Bubbles |
| w15785 |
Vasiliki Skreta |
Optimal Interventions in Markets with Adverse Selection |
| w15770 |
|
The Market for Bank Stocks and the Rise of Deposit Banking in New York City, 1866-1897 |
| w15763 |
Craig Kennedy Jason Miu |
Central Bank Dollar Swap Lines and Overseas Dollar Funding Costs |
| w15736 |
Tatsuyoshi Okimoto |
Sources of Variation in Holding Returns for Fed Funds Futures Contracts |
| w15735 |
Nittai K. Bergman |
Vintage Capital and Creditor Protection |
| w15710 |
David C. Wheelock |
Does the Structure of Banking Markets Affect Economic Growth? Evidence from U.S. State Banking Markets |
| w15708 |
Nittai K. Bergman |
Bankruptcy and the Collateral Channel |
| w15702 |
Thomas J. Sargent |
Interest Rate Risk and Other Determinants of Post-WWII U.S. Government Debt/GDP Dynamics |
| w15688 |
Hanno Lustig Stijn Van Nieuwerburgh |
The Cross-Section and Time-Series of Stock and Bond Returns |
| w15670 |
Marc D. Weidenmier |
Searching for Irving Fisher |
| w15662 |
|
Interpreting the Unconventional U.S. Monetary Policy of 2007-09 |
| w15636 |
|
The "Other" Imbalance and the Financial Crisis |
| 2009 | ||
| w15556 |
David E. Weinstein |
Exports and Financial Shocks |
| w15542 |
|
How Debt Markets have Malfunctioned in the Crisis |
| w15528 |
Diego Valderrama |
Financial Choice in a Non-Ricardian Model of Trade |
| w15512 |
Alan M. Taylor |
Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008 |
| w15506 |
Lars Peter Hansen Mark Hendricks José A. Scheinkman |
Risk Price Dynamics |
| w15499 |
Ramana Nanda |
Banking Deregulations, Financing Constraints, and Firm Entry Size |
| w15498 |
Ramana Nanda |
Financing Constraints and Entrepreneurship |
| w15494 |
Martín Uribe |
Foreign Demand for Domestic Currency and the Optimal Rate of Inflation |
| w15487 |
Jean-Luc Vila |
A Preferred-Habitat Model of the Term Structure of Interest Rates |
| w15432 |
Vincenzo Quadrini |
Financial Globalization, Financial Crises and Contagion |
| w15424 |
Craig Hakkio |
Inflation targeting and private sector forecasts |
| w15414 |
Guillaume Rocheteau Pierre-Olivier Weill |
Crises and Liquidity in Over-the-Counter Markets |
| w15399 |
|
Disasters Risk and Business Cycles |
| w15388 |
Conall MacCoille |
The formation of inflation expectations: an empirical analysis for the UK |
| w15379 |
Marion Kohler Christian Upper |
Financial Crises and Economic Activity |
| w15367 |
Francesco Trebbi |
Measuring Central Bank Communication: An Automated Approach with Application to FOMC Statements |
| w15362 |
Andrew W. Lo Robert C. Merton |
Systemic Risk and the Refinancing Ratchet Effect |
| w15353 |
Juan Ignacio Peña Eduardo S. Schwartz |
Towards a Common European Monetary Union Risk Free Rate |
| w15297 |
|
When Everyone Runs for the Exit |
| w15289 |
Michael Woodford |
Credit Spreads and Monetary Policy |
| w15270 |
Jean Boivin Sen Dong Rudy Loo-Kung |
Monetary Policy Shifts and the Term Structure |
| w15268 |
Yongseok Shin |
Productivity Growth and Capital Flows: The Dynamics of Reforms |
| w15260 |
Geert Bekaert Koen Inghelbrecht |
The Determinants of Stock and Bond Return Comovements |
| w15243 |
|
A Parsimonious Macroeconomic Model for Asset Pricing |
| w15240 |
Mikhail Chernov Ian Martin |
Disasters implied by equity index options |
| w15227 |
Russell Cooper |
Costly Portfolio Adjustment |
| w15225 |
Alexandra Tabova |
Risk, Volatility, and the Global Cross-Section of Growth Rates |
| w15197 |
Raghuram G. Rajan |
Illiquidity and Interest Rate Policy |
| w15138 |
Jean Tirole |
Collective Moral Hazard, Maturity Mismatch and Systemic Bailouts |
| w15123 |
Finn E. Kydland Roman Sustek |
Globally Correlated Nominal Fluctuations |
| w15118 |
|
Negative Nominal Interest Rates: Three ways to overcome the zero lower bound |
| w15110 |
Amartya Lahiri |
Risk Allocation, Debt Fueled Expansion and Financial Crisis |
| w15072 |
|
A Model of a Systemic Bank Run |
| w15062 |
Samuel Paul Fraiberger Xavier Gabaix Romain Ranciere Adrien Verdelhan |
Crash Risk in Currency Markets |
| w15045 |
Jennifer Dlugosz |
The Credit Rating Crisis |
| w15024 |
Eric Engstrom |
Inflation and the Stock Market:Understanding the "Fed Model" |
| w15020 |
Takatoshi Ito |
Effects of Japanese Macroeconomic Announcements on the Dollar/Yen Exchange Rate: High-Resolution Picture |
| w15014 |
Robert J. Shiller Luis M. Viceira |
Understanding Inflation-Indexed Bond Markets |
| w14993 |
|
Monetary Policy and the Dollar |
| w14931 |
Gregory Brown René M. Stulz |
Why Do Foreign Firms Have Less Idiosyncratic Risk than U.S. Firms? |
| w14925 |
Raghuram G. Rajan |
Fear of Fire Sales and the Credit Freeze |
| w14914 |
Joseph Kaboski Yongseok Shin |
Finance and Development: A Tale of Two Sectors |
| w14894 |
Edward Nelson |
Euro Membership as a U.K. Monetary Policy Option: Results from a Structural Model |
| w14872 |
Keith Sill Maxym Kryshko |
DSGE Model-Based Forecasting of Non-modelled Variables |
| w14870 |
Frank Schorfheide |
Sticky Prices Versus Monetary Frictions: An Estimation of Policy Trade-offs |
| w14863 |
Vladimir Yankov Egon Zakrajsek |
Credit Market Shocks and Economic Fluctuations: Evidence from Corporate Bond and Stock Markets |
| w14862 |
Robert G. King |
The Great Inflation Drift |
| w14826 |
Jay C. Shambaugh Alan M. Taylor |
Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008 |
| w14815 |
Ivan Shaliastovich |
Confidence Risk and Asset Prices |
| w14814 |
Ivan Shaliastovich |
Learning and Asset-Price Jumps |
| w14772 |
Harald Uhlig |
Optimal Endowment Destruction under Campbell-Cochrane Habit Formation |
| w14770 |
|
A Note on Regime Switching, Monetary Policy, and Multiple Equilibria |
| w14760 |
José F. Ursúa |
Stock-Market Crashes and Depressions |
| w14710 |
Tao Zha Daniel F. Waggoner |
Understanding Markov-Switching Rational Expectations Models |
| w14688 |
Arvind Krishnamurthy |
Global Imbalances and Financial Fragility |
| w14656 |
Kenneth S. Rogoff |
The Aftermath of Financial Crises |
| 2008 | ||
| w14621 |
Yuriy Gorodnichenko |
Monetary Policy, Trend Inflation and the Great Moderation: An Alternative Interpretation |
| w14616 |
Susanto Basu John G. Fernald |
A General-Equilibrium Asset-Pricing Approach to the Measurement of Nominal and Real Bank Output |
| w14615 |
Robert Inklaar J. Christina Wang |
The Value of Risk: Measuring the Service Output of U.S. Commercial Banks |
| w14614 |
Susanto Basu |
Risk Bearing, Implicit Financial Services and Specialization in the Financial Industry |
| w14612 |
|
Deciphering the Liquidity and Credit Crunch 2007-08 |
| w14596 |
Vitor Gaspar Christina Gerberding Otmar Issing |
Opting Out of the Great Inflation: German Monetary Policy After the Break Down of Bretton Woods |
| w14586 |
Yuriy Gorodnichenko |
What Can Survey Forecasts Tell Us About Informational Rigidities? |
| w14549 |
|
Bankruptcy: Past Puzzles, Recent Reforms, and the Mortgage Crisis |
| w14534 |
|
Inflation Determination with Taylor Rules: Is New Keynesian Analysis Critically Flawed? |
| w14519 |
|
Re-Evaluating Swedish Membership in EMU: Evidence from an Estimated Model |
| w14489 |
Kermit L. Schoenholtz |
How Central Bankers See It: The First Decade of ECB Policy and Beyond |
| w14473 |
Stefan Nagel Lasse H. Pedersen |
Carry Trades and Currency Crashes |
| w14444 |
|
Sudden Stops, Financial Crises and Leverage: A Fisherian Deflation of Tobin's Q |
| w14422 |
Eric Hughson Marc D. Weidenmier |
Can a Lender of Last Resort Stabilize Financial Markets? Lessons from the Founding of the Fed |
| w14401 |
Anil K. Kashyap |
Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan |
| w14379 |
Assaf Razin |
Inflation-Output Tradeoff as Equilibrium Outcome of Globalization |
| w14378 |
Charles F. Manski |
Competitive Lending with Partial Knowledge of Loan Repayment |
| w14366 |
Arvind Krishnamurthy |
A Model of Capital and Crises |
| w14351 |
Facundo Piguillem Edward C. Prescott |
Costly Financial Intermediation in Neoclassical Growth Theory |
| w14259 |
|
The State of Macro |
| w14255 |
Pierre-Olivier Weill |
Learning from Prices: Public Communication and Welfare |
| w14244 |
Robert E. Cumby Behzad Diba David Lopez-Salido |
Monetary Aggregates and Liquidity in a Neo-Wicksellian Framework |
| w14243 |
|
Modeling the Long Run: Valuation in Dynamic Stochastic Economies |
| w14223 |
|
Daily Monetary Policy Shocks and the Delayed Response of New Home Sales |
| w14217 |
Jay C. Shambaugh Alan M. Taylor |
Financial Stability, the Trilemma, and International Reserves |
| w14190 |
Marc P. Giannoni Benoît Mojon |
How Has the Euro Changed the Monetary Transmission? |
| w14120 |
Patrick Van Horn |
Intensified Regulatory Scrutiny and Bank Distress in New York City During the Great Depression |
| w14119 |
Guillaume Rocheteau Pierre-Olivier Weill |
Crashes and Recoveries in Illiquid Markets |
| w14098 |
|
On the Welfare Cost of Inflation and the Recent Behavior of Money Demand |
| w14058 |
Jiang Wang |
Market Liquidity, Asset Prices and Welfare |
| w14049 |
Marco E. Terrones |
An Anatomy Of Credit Booms: Evidence From Macro Aggregates And Micro Data |
| w14013 |
Jiang Wang |
Liquidity and Market Crashes |
| w13974 |
|
Creating Maryland's Paper Money Economy, 1720-1739: The Role of Power, Print, and Markets |
| w13940 |
José F. Ursúa |
Macroeconomic Crises since 1870 |
| w13955 |
Jean Tirole |
Competing Liquidities: Corporate Securities, Real Bonds and Bubbles |
| w13943 |
John C. Williams |
A Black Swan in the Money Market |
| w13936 |
Amir Sufi |
The Consequences of Mortgage Credit Expansion: Evidence from the 2007 Mortgage Default Crisis |
| w13909 |
Jeffrey A. Frankel |
The Euro May Over the Next 15 Years Surpass the Dollar as Leading International Currency |
| w13892 |
Noah Williams |
Optimal Monetary Policy under Uncertainty in DSGE Models: A Markov Jump-Linear-Quadratic Approach |
| w13861 |
Vivian Z. Yue |
A Solution to the Disconnect between Country Risk and Business Cycle Theories |
| w13805 |
Xavier Gabaix |
Rare Disasters and Exchange Rates |
| w13761 |
Kenneth S. Rogoff |
Is the 2007 U.S. Sub-Prime Financial Crisis So Different? An International Historical Comparison |
| w13736 |
Marc Giannoni |
Global Forces and Monetary Policy Effectiveness |
| w13724 |
|
Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance |
| 2007 | ||
| w13685 |
|
The Explanatory Power of Monetary Policy Rules |
| w13682 |
|
Housing and Monetary Policy |
| w13677 |
Javier Díaz-Giménez Giorgia Giovannetti Pedro Teles |
Nominal Debt as a Burden on Monetary Policy |
| w13655 |
Patrick J. Kehoe |
The Heterogeneous State of Modern Macroeconomics: A Reply to Solow |
| w13650 |
Hanno Lustig Fabrizio Perri |
Evaluating Asset Pricing Models with Limited Commitment using Household Consumption Data |
| w13639 |
|
Inefficient Credit Booms |
| w13635 |
John B. Taylor |
The Long and the Short End of the Term Structure of Policy Rules |
| w13607 |
Robert C. Merton Zvi Bodie |
New Framework for Measuring and Managing Macrofinancial Risk and Financial Stability |
| w13580 |
|
How the World Achieved Consensus on Monetary Policy |
| w13566 |
|
Will Monetary Policy Become More of a Science? |
| w13521 |
Roberto Motto Massimo Rostagno |
Shocks, Structures or Monetary Policies? The Euro Area and US After 2001 |
| w13518 |
|
Housing and the Monetary Transmission Mechanism |
| w13502 |
Roberto Motto Massimo Rostagno |
Two Reasons Why Money and Credit May be Useful in Monetary Policy |
| w13471 |
|
Housing, Credit Markets and the Business Cycle |
| w13448 |
Sen Dong Monika Piazzesi |
No-Arbitrage Taylor Rules |
| w13430 |
|
Linearity-Generating Processes: A Modelling Tool Yielding Closed Forms for Asset Prices |
| w13419 |
Jonathan H. Wright |
Cracking the Conundrum |
| w13416 |
Francesco Lippi |
Financial Innovation and the Transactions Demand for Cash |
| w13414 |
Noah M. Williams |
Bayesian and Adaptive Optimal Policy under Model Uncertainty |
| w13412 |
Vincenzo Quadrini José-Victor Ríos-Rull |
On the Welfare Implications of Financial Globalization without Financial Development |
| w13398 |
V. V. Chari Patrick J. Kehoe |
On the Optimal Choice of a Monetary Policy Instrument |
| w13363 |
James MacGee Michèle Tertilt |
Accounting for the Rise in Consumer Bankruptcies |
| w13361 |
Otto Van Hemert Stijn Van Nieuwerburgh |
Mortgage Timing |
| w13320 |
|
Bubbles in Prices of Exhaustible Resources |
| w13315 |
Jae W. Sim |
Investment during the Korean Financial Crisis: A Structural Econometric Analysis |
| w13310 |
John Kennan Neil Wallace |
Coalition-Proof Trade and the Friedman Rule in the Lagos-Wright Model |
| w13307 |
|
Investment Options and the Business Cycle |
| w13254 |
Lawrence J. Christiano Jorge Roldos |
Optimal Monetary Policy in a 'Sudden Stop' |
| w13251 |
Neng Wang |
Agency Conflicts, Investment, and Asset Pricing |
| w13245 |
Burton Hollifield Francisco Palomino Stanley E. Zin |
Arbitrage-Free Bond Pricing with Dynamic Macroeconomic Models |
| w13244 |
Mauro Gallegati Bruce C. Greenwald Joseph E. Stiglitz |
Net Worth, Exchange Rates, and Monetary Policy: The Effects of a Devaluation in a Financially Fragile Environment |
| w13209 |
|
Aggregate Implications of Credit Market Imperfections |
| w13207 |
Bennett T. McCallum |
Banking and Interest Rates in Monetary Policy Analysis: A Quantitative Exploration |
| w13204 |
Guido Lorenzoni |
Liquidity and Trading Dynamics |
| w13196 |
|
Long-Run Risks and Financial Markets |
| w13174 |
Egon Zakrajsek |
Investment and the Cost of Capital: New Evidence from the Corporate Bond Market |
| w13123 |
Enrique G. Mendoza Marco E. Terrones |
Precautionary Demand for Foreign Assets in Sudden Stop Economies: An Assessment of the New Merchantilism |
| w13112 |
|
Daily Changes in Fed Funds Futures Prices |
| w13104 |
Juan M. Sanchez Cheng Wang |
Financing Development: The Role of Information Costs |
| w13092 |
Karl Walentin |
Financial Frictions, Investment and Tobin's q |
| w13089 |
Assaf Razin Hui Tong |
Credit Constraints and Stock Price Volatility |
| w13076 |
Guido Lorenzoni Sergio L. Schmukler |
Why Do Emerging Economies Borrow Short Term? |
| w13024 |
Toni Whited Lu Zhang |
Regularities |
| w13003 |
Barry Eichengreen |
Central Bank Transparency: Where, Why, and with What Effects? |
| w12982 |
Christopher Erceg Andrew Levin Ryan Michaels |
Three Great American Disinflations |
| w12957 |
Martin Schneider |
Inflation Illusion, Credit, and Asset Pricing |
| w12948 |
|
Beliefs, Doubts and Learning: Valuing Economic Risk |
| w12938 |
Kris James Mitchener |
Branch Banking as a Device for Discipline: Competition and Bank Survivorship During the Great Depression |
| w12930 |
Geert Bekaert Min Wei |
The Term Structure of Real Rates and Expected Inflation |
| w12919 |
|
Seigniorage |
| w12912 |
Martin Lettau Sydney C. Ludvigson |
Investor Information, Long-Run Risk, and the Term Structure of Equity |
| w12896 |
Arvind Krishnamurthy |
Collective Risk Management in a Flight to Quality Episode |
| w12881 |
Annette Vissing-Jorgensen |
The Demand for Treasury Debt |
| w12839 |
|
Is Numerairology the Future of Monetary Economics? Unbundling numeraire and medium of exchange through a virtual currency and a shadow exchange rate |
| w12835 |
|
Backing, the Quantity Theory, and the Transition to the U.S. Dollar, 1723-1850 |
| w12824 |
Marc Giannoni Ilian Mihov |
Sticky Prices and Monetary Policy: Evidence from Disaggregated U.S. Data |
| 2006 | ||
| w12781 |
Hongjun Yan |
Heterogeneous Expectations and Bond Markets |
| w12763 |
|
On the Welfare Costs of Consumption Uncertainty |
| w12753 |
|
On the Macroeconomics of Asset Shortages |
| w12719 |
|
A Comment Concerning Deposit Insurance and Moral Hazard |
| w12717 |
|
Bank Distress during the Great Depression: The Illiquidity-Insolvency Debate Revisited |
| w12716 |
|
Correspondent Clearing and the Banking Panics of the Great Depression |
| w12715 |
|
Quarterly Data on the Categories and Causes of Bank Distress During the Great Depression |
| w12713 |
|
The Effect of Monetary Policy on Real Commodity Prices |
| w12662 |
Owen Humpage Anna J. Schwartz |
The Historical Origins of U.S. Exchange Market Intervention Policy |
| w12638 |
John C. Williams |
Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections |
| w12634 |
Hanno Lustig |
When is Market Incompleteness Irrelevant for the Price of Aggregate Risk (and when is it not)? |
| w12614 |
Guido Lorenzoni |
Bubbles and Self-Enforcing Debt |
| w12612 |
Asim Ijaz Khwaja |
Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market |
| w12609 |
Martin Schneider |
Equilibrium Yield Curves |
| w12594 |
Gary Richardson |
Deposit Insurance and the Composition of Bank Suspensions in Developing Economies: Lessons from the State Deposit Insurance Experiments of the 1920S |
| w12590 |
|
Bank Distress During the Great Contraction, 1929 to 1933, New Data from the Archives of the Board of Governors |
| w12564 |
|
Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q |
| w12560 |
Veronica Cacdac Warnock |
International Capital Flows and U.S. Interest Rates |
| w12540 |
Daniel F. Waggoner Tao Zha |
Indeterminacy in a Forward Looking Regime Switching Model |
| w12477 |
|
A Theory of Demand Shocks |
| w12476 |
Varadarajan V. Chari |
Modern Macroeconomics in Practice: How Theory is Shaping Policy |
| w12470 |
|
Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints |
| w12462 |
|
The Bond Market's q |
| w12454 |
|
Can Central Banks Target Bond Prices? |
| w12442 |
Masashi Saito |
Expectations, Asset Prices, and Monetary Policy: The Role of Learning |
| w12420 |
Brian Sack |
Noisy Macroeconomic Announcements, Monetary Policy, and Asset Prices |
| w12393 |
|
Sudden Stops, Financial Crises, and Original Sin in Emerging Countries: Déjà vu? |
| w12337 |
Eduardo S. Schwartz |
A General Stochastic Volatility Model for the Pricing and Forecasting of Interest Rate Derivatives |
| w12283 |
Márcio G.P. Garcia |
Ineffective Controls on Capital Inflows Under Sophisticated Financial Markets: Brazil in the Nineties |
| w12277 |
Anil K. Kashyap |
Stability First: Reflections Inspired by Otmar Issing's Success as the ECB's Chief Economist |
| w12248 |
Eric Engstrom Yuhang Xing |
Risk, Uncertainty and Asset Prices |
| w12247 |
Eric Engstrom Steven R. Grenadier |
Stock and Bond Returns with Moody Investors |
| w12243 |
Ernst Schaumburg Andrea Tambalotti |
Intertemporal Disturbances |
| w12189 |
Harold James |
One World Money, Then and Now |
| w12146 |
|
Investment Taxes and Equity Returns |
| w12136 |
Arvind Krishnamurthy |
Flight to Quality and Collective Risk Management |
| w12129 |
Takeo Hoshi Anil K. Kashyap |
Zombie Lending and Depressed Restructuring in Japan |
| w12074 |
|
Are Prudential Supervision and Regulation Pillars of Financial Stability? Evidence from the Great Depression |
| w12035 |
Peter L. Rousseau |
Legal-Political Factors and the Historical Evolution of the Finance-Growth Link |
| w12014 |
Dmitry Livdan Lu Zhang |
Optimal Market Timing |
| w11978 |
Charles F. Manski Jared Williams |
Comparing the Point Predictions and Subjective Probability Distributions of Professional Forecasters |
| w11966 |
|
Lessons From the Debt-Deflation Theory of Sudden Stops |
| w11962 |
Leandro Siata Ke Wang |
Multi-Period Corporate Default Prediction With Stochastic Covariates |
| w11946 |
Alfonso Flores-Lagunes Stefan Krause |
Assessing the Sources of Changes in the Volatility of Real Growth |
| w11942 |
|
Robust Optimal Policy in a Forward-Looking Model with Parameter and Shock Uncertainty |
| w11929 |
Justin Wolfers |
Macroeconomic Derivatives: An Initial Analysis of Market-Based Macro Forecasts, Uncertainty, and Risk |
| 2005 | ||
| w11834 |
Arvind Krishnamurthy |
Financial System Risk and Flight to Quality |
| w11784 |
|
Two Theories of Money Reconciled: The Colonial Puzzle Revisited with New Evidence |
| w11756 |
|
Tax Changes and Asset Pricing: Time-Series Evidence |
| w11733 |
Noah Williams |
Monetary Policy with Model Uncertainty: Distribution Forecast Targeting |
| w11703 |
Serena Ng |
Macro Factors in Bond Risk Premia |
| w11687 |
Christopher Sleet Sevin Yeltekin |
Fiscal Hedging and the Yield Curve |
| w11668 |
Sabine Jokisch Laurence J. Kotlikoff |
Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China |
| w11633 |
Eric van Wincoop |
Rational Inattention: A Solution to the Forward Discount Puzzle |
| w11618 |
Arvind Krishnamurthy |
Bubbles and Capital Flow Volatility: Causes and Risk Management |
| w11562 |
Robert King |
The Incredible Volcker Disinflation |
| w11538 |
Geert Bekaert Min Wei |
Do Macro Variables, Asset Markets or Surveys Forecast Inflation Better? |
| w11480 |
Jerold B. Warner Lu Zhang |
Momentum Profits and Macroeconomic Risk |
| w11459 |
Le Sun Lu Zhang |
Investment-Based Underperformance Following Seasoned Equity Offerings |
| w11340 |
Seonghoon Cho Antonio Moreno |
New-Keynesian Macroeconomics and the Term Structure |
| w11326 |
Lu Zhang |
The Value Spread as a Predictor of Returns |
| w11323 |
Long Chen Lu Zhang |
Expected Returns, Yield Spreads, and Asset Pricing Tests |
| w11322 |
|
Anomalies |
| w11291 |
Kris James Mitchener |
Branch Banking, Bank Competition, and Financial Stability |
| w11285 |
Serena Ng |
Understanding and Comparing Factor-Based Forecasts |
| w11276 |
Burton Hollifield Stanley E. Zin |
Taylor Rules, McCallum Rules and the Term Structure of Interest Rates |
| w11222 |
Campbell R. Harvey |
The Tactical and Strategic Value of Commodity Futures |
| w11191 |
Arijit Mukherji Aleh Tsyvinski |
Self-Fulfilling Currency Crises: The Role of Interest Rates |
| w11178 |
Enrique G. Mendoza |
Are Asset Price Guarantees Useful for Preventing Sudden Stops?: A Quantitative Investigation of the Globalization Hazard-Moral Hazard Tradeoff |
| w11169 |
Tuomo Vuolteenaho |
Explaining Returns with Cash-Flow Proxies |
| w11167 |
|
Monetary Policy with Judgment: Forecast Targeting |
| w11166 |
Marcel Fratzscher Roberto Rigobon |
Stocks, Bonds, Money Markets and Exchange Rates: Measuring International Financial Transmission |
| w11102 |
|
Money Growth and Interest Rates |
| w11089 |
Monika Piazzesi Glenn Rudebusch |
Modeling Bond Yields in Finance and Macroeconomics |
| w11054 |
|
Interest Rate, Inflation, and Housing Price: With an Emphasis on Chonsei Price in Korea |
| w11034 |
Lawrence Christiano Martin Eichenbaum Jesper Linde |
Firm-Specific Capital, Nominal Rigidities and the Business Cycle |
| 2004 | ||
| w10999 |
Jeremy C. Stein |
Growth vs. Margins: Destabilizing Consequences of Giving the Stock Market What it Wants |
| w10951 |
Joseph R. Mason |
Resolving the Puzzle of the Underissuance of National Bank Notes |
| w10940 |
Katherine A. Smith |
Quantitative Implication of A Debt-Deflation Theory of Sudden Stops and Asset Prices |
| w10915 |
|
Fair Pricing |
| w10878 |
Frederic S. Mishkin |
Two Decades of Japanese Monetary Policy and the Deflation Problem |
| w10848 |
|
The Elusive Welfare Economics of Price Stability as a Monetary Policy Objective: Should New Keynesian Central Bankers Pursue Price Stability? |
| w10827 |
Roberto Chang |
Monetary Policy and the Currency Denomination of Debt: A Tale of Two Equilibria |
| w10818 |
|
Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting? |
| w10790 |
Ceyhun Bora Durdu |
Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees |
| w10747 |
|
Targeting Rules vs. Instrument Rules for Monetary Policy: What is Wrong with McCallum and Nelson? |
| w10743 |
Ke Wang |
Multi-Period Corporate Failure Prediction with Stochastic Covariates |
| w10702 |
|
A Common Currency: Early U.S. Monetary Policy and the Transition to the Dollar |
| w10672 |
Monika Piazzesi Min Wei |
What Does the Yield Curve Tell us about GDP Growth? |
| w10616 |
Glenn D. Rudebusch S. Boragan Aruoba |
The Macroeconomy and the Yield Curve: A Dynamic Latent Factor Approach |
| w10532 |
Arvind Krishnamurthy |
Fiscal Policy and Financial Depth |
| w10524 |
|
A Small Corner of Intertemporal Public Finance - New Developments in Monetary Economics: 2 Ghosts, 2 Eccentricities, A Fallacy, A Mirage and A Mythos |
| w10519 |
Kevin Cowan Jonathan Kearns |
Fear of Sudden Stops: Lessons from Australia and Chile |
| w10517 |
Arvind Krishnamurthy |
Exchange Rate Volatility and the Credit Channel in Emerging Markets: A Vertical Perspective |
| w10475 |
|
Bank Supervision, Regulation, and Instability During the Great Depression |
| w10431 |
Joseph G. Haubrich |
The Yield Curve, Recessions and the Credibility of the Monetary Regime: Long Run Evidence 1875-1997 |
| w10402 |
Kenneth N. Kuttner |
What Explains the Stock Market's Reaction to Federal Reserve Policy? |
| w10390 |
Francesco Giavazzi |
Inflation Targeting and Debt: Lessons from Brazil |
| w10362 |
Eric M. Leeper Hess Chung |
Monetary and Fiscal Policy Switching |
| w10298 |
Peter L. Rousseau |
Interest Rates and Initial Public Offerings |
| w10295 |
|
How Do Banks Set Interest Rates? |
| w10293 |
Frank Westermann Lorenza Martinez |
The Positive Link Between Financial Liberalization, Growth and Crises |
| w10290 |
Maurice Obstfeld |
Monetary and Fiscal Remedies for Deflation |
| w10289 |
Frank Westermann Lorenza Martinez |
NAFTA and Mexico's Less-Than-Stellar Performance |
| w10255 |
Roberto Motto Massimo Rostagno |
The Great Depression and the Friedman-Schwartz Hypothesis |
| w10220 |
Jean Boivin Piotr Eliasz |
Measuring the Effects of Monetary Policy: A Factor-Augmented Vector Autoregressive (FAVAR) Approach |
| 2003 | ||
| w10171 |
Robert D. Dittmar William T. Gavin |
Gold, Fiat Money, and Price Stability |
| w10163 |
|
Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap |
| w10089 |
|
An "Inflation Reports" Report |
| w10048 |
Canlin Li |
Forecasting the Term Structure of Government Bond Yields |
| w10042 |
Jun Liu |
How to Discount Cashflows with Time-Varying Expected Returns |
| w10016 |
Andrew Atkeson Chris Edmond |
On the Sluggish Response of Prices to Money in an Inventory-Theoretic Model of Money Demand |
| w9981 |
|
Inflation Targeting in the United States? |
| w9934 |
Simon Johnson |
Unbundling Institutions |
| w9840 |
Martin Gonzalez-Eiras Paolo Sodini |
Financial Innovation, Market Participation and Asset Prices |
| w9838 |
|
Monetary Policy in Economies with Little or No Money |
| w9835 |
Roberto Rigobon |
Monetary Policy and Sectoral Shocks: Did the FED react properly to the High-Tech Crisis? |
| w9829 |
Serena Ng |
Are More Data Always Better for Factor Analysis? |
| w9814 |
Maurice Obstfeld |
The Case for Open-Market Purchases in a Liquidity Trap |
| w9759 |
Joao F. Cocco |
Household Risk Management and Optimal Mortgage Choice |
| w9747 |
Michael Woodford |
Implementing Optimal Policy through Inflation-Forecast Targeting |
| w9640 |
Brian Sack |
Spillovers Across U.S. Financial Markets |
| w9629 |
Richard Zeckhauser |
Collective Investment Decision Making with Heterogeneous Time Preferences |
| w9609 |
Brian Sack |
The Effects of War Risk on U.S. Financial Markets |
| w9599 |
Arvind Krishnamurthy |
Inflation Targeting and Sudden Stops |
| w9552 |
Jennifer E. Roush |
Putting 'M' back in Monetary Policy |
| w9486 |
|
Monetary Policy and Real Stabilization |
| w9457 |
Alan M. Taylor |
Gaucho Banking Redux |
| w9430 |
Michael Woodford |
Optimal Policy with Partial Information in a Forward-Looking Model: Certainty-Equivalence Redux |
| w9421 |
|
What is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules |
| 2002 | ||
| w9391 |
Aaron Tornell |
Exchange Rate Dynamics, Learning and Misperception |
| t0287 |
Donggyu Sul |
Cointegration Vector Estimation by Panel DOLS and Long-Run Money Demand |
| w9333 |
|
Historical Perspectives on Financial Development and Economic Growth |
| w9320 |
|
Customer Anger at Price Increases, Time Variation in the Frequency of Price Changes and Monetary Policy |
| w9261 |
|
Exchange Rates and Casualties During the First World War |
| w9235 |
|
Short-Run Money Demand |
| w9219 |
Frank Westermann |
Boom-Bust Cycles in Middle Income Countries: Facts and Explanation |
| w9192 |
Tao Zha |
Modest Policy Interventions |
| w9178 |
Monika Piazzesi |
Bond Risk Premia |
| w9084 |
Eric M. Leeper |
The Price Level, the Quantity Theory of Money, and the Fiscal Theory of the Price Level |
| w9063 |
Tao Zha |
Empirical Analysis of Policy Interventions |
| w8992 |
Eugene N. White |
U.S. Stock Market Crashes and Their Aftermath: Implications for Monetary Policy |
| w8990 |
Francis A. Longstaff Ravit E. Mandell |
The Market Price of Credit Risk: An Empirical Analysis of Interest Rate Swap Spreads |
| w8925 |
|
Inflation Targeting: Should It Be Modeled as an Instrument Rule or a Targeting Rule? |
| w8839 |
Monika Piazzesi |
The Fed and Interest Rates: A High-Frequency Identification |
| w8838 |
Andres Velasco |
Dollarization: Analytical Issues |
| w8794 |
Brian P. Sack |
The Impact of Monetary Policy on Asset Prices |
| w8767 |
|
New Perspectives on Monetary Policy, Inflation, and the Business Cycle |
| w8765 |
Robert E. Cumby Behzad T. Diba |
The Need for International Policy Coordination: What's Old, What's New, What's Yet to Come? |
| w8758 |
Arvind Krishnamurthy |
A Dual Liquidity Model for Emerging Markets |
| 2001 | ||
| w8679 |
Stanley E. Zin |
Competition and Intervention in Sovereign Debt Markets |
| w8617 |
|
The Transmission Mechanism and the Role of Asset Prices in Monetary Policy |
| w8607 |
Leonid Kogan |
Catching Up with the Joneses: Heterogeneous Preferences and the Dynamics of Asset Prices |
| w8597 |
Peter L. Rousseau |
Liquidity Effects in the Bond Market |
| w8582 |
William G. Dewald |
Bond Market Inflation Expectations in Industrial Countries: Historical Comparisons |
| w8428 |
Arvind Krishnamurthy |
A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems |
| w8427 |
Arvind Krishnamurthy |
Smoothing Sudden Stops |
| w8403 |
Martin Eichenbaum Charles Evans |
Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy |
| w8363 |
Monika Piazzesi |
A No-Arbitrage Vector Autoregression of Term Structure Dynamics with Macroeconomic and Latent Variables |
| w8360 |
Urban J. Jermann |
The Size of the Permanent Component of Asset Pricing Kernels |
| w8358 |
Jeffrey D. Kubik Jeremy C. Stein |
Social Interaction and Stock-Market Participation |
| w8352 |
Frank Westermann |
Why Has the Euro Been Falling? An Investigation into the Determinants of the Exchange Rate |
| w8350 |
Brian Sack |
Measuring the Reaction of Monetary Policy to the Stock Market |
| w8323 |
Richard Sylla |
Financial Systems, Economic Growth, and Globalization |
| w8255 |
Michael Woodford |
Indicator Variables for Optimal Policy under Asymmetric Information |
| w8248 |
Robert H. Patrick |
The Impact of Market Rules and Market Structure on the Price Determination Process in the England and Wales Electricity Market |
| w8246 |
|
An Econometric Model of the Yield Curve with Macroeconomic Jump Effects |
| w8182 |
Joao Ejarque |
Exhuming Q: Market Power vs. Capital Market Imperfections |
| w8072 |
|
Fiscal Requirements for Price Stability |
| 2000 | ||
| w8060 |
Aaron Tornell |
Balance SHeet Effects, Bailout Guarantees and Financial Crises |
| w8044 |
Francesco Giavazzi Ernst-Ludwig von Thadden |
European Financial Markets After EMU: A First Assessment |
| w8025 |
Lars E.O. Svensson |
Money and Inflation in the Euro Area: A Case for Monetary Indicators? |
| w7971 |
Arvind Krishnamurthy |
International and Domestic Collateral Constraints in a Model of Emerging Market Crises |
| w7953 |
Michael Woodford |
Indicator Variables for Optimal Policy |
| w7951 |
J. Aizenman A. Hoffmaister |
The Credit Crunch in East Asia: What can Bank Excess Liquid Assets Tell us? |
| w7916 |
|
The Present and Future of Monetary Policy Rules |
| w7864 |
Kenneth Rogoff |
Do We Really Need a New International Monetary Compact? |
| w7853 |
|
Monetary Policy in a World Without Money |
| w7598 |
|
The First Year of the Eurosystem: Inflation Targeting or Not? |
| w7753 |
|
Robust-H-infinity Forecasting and Asset Pricing Anomalies |
| w7725 |
|
Alternative Monetary Policy Rules: A Comparison with Historical Settings for the United States, the United Kingdom, and Japan |
| w7178 |
|
Does the P* Model Provide Any Rationale for Monetary Targeting? |
| w7677 |
|
Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates |
| w7609 |
Robert J. Hodrick |
Expectations Hypotheses Tests |
| w7559 |
Mark Gertler |
Monetary Policy and Asset Price Volatility |
| w7549 |
Cara S. Lown |
The Information in the High Yield Bond Spread for the Business Cycle: Evidence and Some Implications |
| w7516 |
|
How Should Monetary Policy be Conducted in an Era of Price Stability? |
| 1999 | ||
| w7448 |
Richard Sylla |
Emerging Financial Markets and Early U.S. Growth |
| w7446 |
Joshua Aizenman |
Financial Sector Inefficiencies and Coordinate Failures: Implications for Crisis Management |
| w7425 |
John Kennan Neil Wallace |
Optimal Monetary Impulse-Response Functions in a Matching Model |
| w7386 |
Alan M. Taylor |
Internal Versus External Convertibility and Developing-Country FinancialCrises: Lessons from the Argentine Bank Bailout of the 1930's |
| w7365 |
Lars Jonung |
The Future of EMU: What Does the History of Monetary Unions Tell Us? |
| w7350 |
|
The Morning After: Explaining the Slowdown in Japanese Growth in the 1990s |
| w7276 |
|
Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability |
| w7253 |
Kathleen McDill |
Are All Banking Crises Alike? The Japanese Experience in International Comparison |
| w7245 |
Nikolaos Panigirtzoglou |
Liquidity Traps: How to Avoid Them and How to Escape Them |
| w7242 |
John H. Rogers |
Violating the Law of One Price: Should We Make a Federal Case Out of It? |
| w7179 |
Lars E.O. Svensson |
Eurosystem Monetary Targeting: Lessons from U.S. Data |
| w7177 |
|
Monetary Policy Issues for the Eurosystem |
| w7160 |
|
Designing Indexed Units of Account |
| w7139 |
|
Common Fundamentals in the Tequila and Asian Crises |
| w7060 |
Andrew Atkeson Patrick J. Kehoe |
Money and Interest Rates with Endogeneously Segmented Markets |
| w7057 |
Garey Ramey Joel Watson |
Liquidity Flows and Fragility of Business Enterprises |
| w7055 |
|
Economic Tracking Portfolios |
| w7017 |
Christopher J. Gust |
Taylor Rules in a Limited Participation Model |
| h0117 |
|
Share Liquidity and Industrial Growth in an Emerging Market: The Case of New England, 1854-1897 |
| w6973 |
|
Investment Plans and Stock Returns |
| w6914 |
|
Controlling the Price Level |
| 1998 | ||
| w6850 |
J. Aizenman A. Hoffmaister |
Contagion, Bank Lending Spreads and Output Fluctuations |
| w6843 |
Arvind Krishnamurthy |
Emerging Market Crises: An Asset Markets Perspective |
| w6790 |
|
Inflation Targeting as a Monetary Policy Rule |
| w6771 |
|
Long-term Debt and Optimal Policy in the Fiscal Theory of the Price Level |
| w6736 |
Silverio Foresi Chris I. Telmer |
Discrete-Time Models of Bond Pricing |
| w6717 |
Mohamad L. Hammour |
Improper Churn: Social Costs and Macroeconomic Consequences |
| w6652 |
Charles Himmelberg |
Investment, Fundamentals and Finance |
| w6646 |
|
A Frictionless View of U.S. Inflation |
| w6599 |
Edward Nelson |
Performance of Operational Policy Rules in an Estimated Semi-Classical Structural Model |
| w6597 |
|
Another Look at Long-Run Money Demand |
| w6593 |
Luigi Guiso Tuillo Jappelli |
The Demand for Money, Financial Innovation, and the Welfare Cost of Inflation: An Analysis with Household Data |
| w6588 |
|
Education and Borrowing Constraints: Tests vs. Prices |
| w6471 |
Robert E. Cumby Behzad T. Diba |
Is the Price Level Determined by the Needs of Fiscal Solvency? |
| w6455 |
Mark Gertler Simon Gilchrist |
The Financial Accelerator in a Quantitative Business Cycle Framework |
| w6400 |
Martin Eichenbaum Charles L. Evans |
Monetary Policy Shocks: What Have We Learned and to What End? |
| w6396 |
|
The Young Person's Guide to Neutrality, Price Level Indeterminacy, Interest Rate Pegs, and Fiscal Theories of the Price Level |
| w6379 |
Silverio Foresi Abon Mozumdar Liuren Wu |
Predictable Changes in Yields and Forward Rates |
| w6369 |
Carlo A. Favero Francesco Giavazzi |
The Immediate Challenges for the European Central Bank |
| w6356 |
|
Indexed Units of Account: Theory and Assessment of Historical Experience |
| 1997 | ||
| w6311 |
Francesco Giavazzi Pierpaolo Benigno |
Managing the Public Debt in Fiscal Stabilizations: The Evidence |
| w6201 |
Anna J. Schwartz |
Monetary Policy Regimes and Economic Performance: The Historical Record |
| w6094 |
Dean Corbae |
Financial Fragility and the Great Depression |
| w6092 |
Michael P. Dooley |
Monetary Policy in Japan, Germany and the United States: Does One Size Fit All? |
| w5963 |
David C. Wheelock |
Was the Great Depression a Watershed for American Monetary Policy? |
| w5962 |
|
Inflation Targeting: Some Extensions |
| w5947 |
Danyang Xie |
On the Optimality of Interest Rate Smoothing |
| w5944 |
Giuseppe Bertola Silverio Foresi Leora Klapper |
Interest Rate Targeting and the Dynamics of Short-Term Rates |
| w5930 |
Jordi Gali |
To Each According To...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints |
| w5877 |
Lars E. O. Svensson |
New Techniques to Extract Market Expectations from Financial Instruments |
| w5872 |
Paul Klemperer |
The Generalized War of Attrition |
| rome97-1 |
Editors |
Reducing Inflation: Motivation and Strategy |
| 1996 | ||
| w5821 |
John Y. Campbell |
Inflation, Real Interest Rates, and the Bond Market: A Study of UK Nominal and Index-Linked Government Bond Prices |
| w5797 |
|
Inflation Forecast Targeting: Implementing and Monitoring Inflation Targets |
| w5792 |
|
Understanding Equilibrium Models with a Small and a Large Number of Agents |
| w5789 |
Nancy P. Marion |
Speculative Attacks: Fundamentals and Self-Fulfilling Prophecies |
| w5752 |
Tim Bollerslev |
Heterogeneous Information Arrivals and Return Volatility Dynamics: Uncovering the Long-Run in High Frequency Returns |
| w5638 |
Silverio Foresi Stanley Zin |
Arbitrage Opportunities in Arbitrage-Free Models of Bond Pricing |
| w5637 |
Masako Ueda |
Contracts and Money |
| w5587 |
Robert J. Shiller |
A Scorecard for Indexed Government Debt |
| w5532 |
Guido Tabellini |
Monetary Cohabitation in Europe |
| w5504 |
Xavier Sala-i-Martin |
Adoption of Financial Technologies: Implications for Money Demand and Monetary Policy |
| w5499 |
|
Cash Flow and Investment: Evidence from Internal Capital Markets |
| w5497 |
Tamim Bayoumi |
Getting Pegged: Comparing the 1879 and 1925 Gold Resumptions |
| 1995 | ||
| w5371 |
Bruce Mizrach Anna J. Schwartz |
Real Versus Pseudo-International Systemic Risk: Some Lessons from History |
| w5358 |
Tokuo Iwaisako |
Explaining Asset Bubbles in Japan |
| w5347 |
Menzie Chinn |
Financial Repression and Capital Mobility: Why Capital Flows and Covered Interest Rate Differentials Fail to Measure Capital Market Integration |
| w5269 |
Lawrence J. Christiano Martin Eichenbaum |
Inside Money, Outside Money and Short Term Interest Rates |
| w5191 |
Kenneth Rogoff |
The Mirage of Fixed Exchange Rates |
| w5146 |
Mark Gertler |
Inside the Black Box: The Credit Channel of Monetary Policy Transmission |
| w5130 |
Joao Ejarque |
Financial Intermediation and The Great Depression: A Multiple Equilibrium Interpretation |
| w5087 |
|
Generational Accounts, Aggregate Saving and Intergenerational Distribution |
| w5083 |
John Moore |
Credit Cycles |
| w5080 |
John Simon |
An Empirical Examination of the Fisher Effect in Australia |
| w5031 |
|
Some Lessons from the Yield Curve |
| 1994 | ||
| w4977 |
|
Is There a `Credit Channel' for Monetary Policy? |
| w4938 |
|
Monetary Policy and the Term Structure of Interest Rates |
| w4919 |
Akihiko Matsui |
A Model of Fiat Money and Barter |
| w4888 |
Martin Feldstein |
Measuring Money Growth When Financial Markets Are Changing |
| w4873 |
Federico Sturzenegger |
Credit Markets and the Welfare Costs of Inflation |
| w4860 |
Anna J. Schwartz |
The Specie Standard as a Contingent Rule: Some Evidence for Core and Peripheral Countries, 1880-1990 |
| w4850 |
Michael Mussa |
Issues Concerning Nominal Anchors for Monetary Policy |
| w4789 |
Mark Gertler Simon Gilchrist |
The Financial Accelerator and the Flight to Quality |
| w4692 |
|
Monetary Policy Rules and Financial Stability |
| w4676 |
Stanley E. Zin |
Reverse Engineering the Yield Curve |
| 1993 | ||
| w4604 |
|
The Simplest Test of Inflation Target Credibility |
| w4546 |
Hugh Rockoff Angela Redish |
A Comparison of the United States and Canadian Banking Systems in the Twentieth Century: Stability vs. Efficiency? |
| w4544 |
|
Term, Inflation, and Foreign Exchange Risk Premia: A Unified Treatment |
| w4404 |
Mark Gertler |
U.S. Commercial Banking: Trends, Cycles, and Policy |
| w4379 |
Lars Jonung Pierre Siklos |
The Common Development of Institutional Change as Measured by Income Velocity: A Century of Evidence from Industrialized Countries |
| w4362 |
|
Public Debt in the USA: How Much, How Bad and Who Pays? |
| w4347 |
Giuseppe Bertola Silverio Foresi |
A Model of Target Changes and the Term Structure of Interest Rates |
| w4326 |
Christina D. Romer David N. Weil |
Historical Perspectives on the Monetary Transmission Mechanism |
| w4310 |
|
The Gold Standard, Bretton Woods and other Monetary Regimes: An Historical Appraisal |
| w4285 |
|
How Important is the Credit Channel in the Transmission of Monetary Policy? |
| w4275 |
Valerie A. Ramey Clive W.J. Granger |
Stochastic Trends and Short-Run Relationships Between Financial Variables and Real Activity |
| w4249 |
Deborah Lucas |
Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing |
| 1992 | ||
| w4236 |
|
The Recent Failure of U.S. Monetary Policy |
| w4234 |
Mary Hirshfeld David Weil |
The Effect of News on Bond Prices: Evidence from the United Kingdom 1900-1920 |
| w4232 |
Bart Turtelboom |
Currency Substitution |
| w4156 |
Mark W. Watson |
Testing Long Run Neutrality |
| w4134 |
Martin D. Evans |
Do Expected Shifts in Inflation Policy Affect Real Rates? |
| w4117 |
Bruce Greenwald |
Towards a Reformulation of Monetary Theory: Competitive Banking |
| t0124 |
Pok-sang Lam Nelson C. Mark |
Testing Volatility Restrictions on Intertemporal Marginal Rates of Substitution Implied by Euler Equations and Asset Returns |
| w4001 |
|
Bretton Woods and Its Precursors: Rules Versus Discretion in the History of International Monetary Regimes |
| w3995 |
J. Bradford De Long |
Why Does the Stock Market Fluctuate? |
| w3975 |
|
Equilibrium Asset Prices With Undiversifiable Labor Income Risk |
| w3974 |
Martin Eichenbaum |
Liquidity Effects and the Monetary Transmission Mechanism |
| 1991 | ||
| w3944 |
Olivier Jean Blanchard |
The Debt Burden and Debt Maturity |
| w3921 |
Thomas W. Ross |
Bank Runs: Liquidity and Incentives |
| w3902 |
R. Glenn Hubbard |
Corporate Financial Policy, Taxation, and Macroeconomic Risk |
| w3892 |
Simon Gilchrist |
Monetary Policy, Business Cycles and the Behavior of Small Manufacturing Firms |
| w3879 |
Kenneth N. Kuttner |
Why Does the Paper-Bill Spread Predict Real Economic Activity? |
| w3849 |
|
World Interest Rates and Investment |
| t0110 |
Guido Tabellini |
The Optimality of Nominal Contracts |
| w3756 |
|
The Source of Fluctuations in Money: Evidence From Trade Credit |
| w3751 |
Cara S. Lown |
An Indicator of Future Inflation Extracted From the Steepness of the Interest Rate Yield Curve Along Its Entire Length |
| 1966 | ||
| wool66-1 |
|
Measuring Transactions between World Areas |
| 1952 | ||
| hick52-1 |
|
Trends and Cycles in Corporate Bond Financing |
| 1949 | ||
| higg49-1 |
|
Lombard Street in War and Reconstruction |
| 1943 | ||
| whit43-2 |
|
The Effect of War on Currency and Deposits |
| ridd43-1 |
|
British and American Plans for International Currency Stabilization |
Generated on Sun Apr 24 00:00:03 2022