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Paola Boel

Personal Details

First Name:Paola
Middle Name:
Last Name:Boel
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RePEc Short-ID:pbo739
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https://paolaboel.wixsite.com/research

Affiliation

Economic Research
Federal Reserve Bank of Cleveland

Cleveland, Ohio (United States)
https://www.clevelandfed.org/our-research/
RePEc:edi:efrbcus (more details at EDIRC)

Research output

as
Jump to: Working papers Articles

Working papers

  1. Paola Boel & Christopher J. Waller, 2023. "On the Essentiality of Credit and Banking at Zero Interest Rates," Working Papers 23-13, Federal Reserve Bank of Cleveland.
  2. Paola Boel & Julian Diaz & Daria Finocchiaro, 2021. "Liquidity, Capital Pledgeability and Inflation Redistribution," Working Papers 21-26, Federal Reserve Bank of Cleveland.
  3. Paola Boel & Christopher J. Waller, 2020. "On the Essentiality of Credit and Banking at the Friedman Rule," Working Papers 2020-018, Federal Reserve Bank of St. Louis.
  4. Paola Boel & Christopher J. Waller, 2015. "On the Theoretical Efficacy of Quantitative Easing at the Zero Lower Bound," Working Papers 2015-027, Federal Reserve Bank of St. Louis.
  5. Boel, Paola, 2013. "The Redistributive Effects of Inflation: an International Perspective," Working Paper Series 274, Sveriges Riksbank (Central Bank of Sweden), revised 01 Feb 2017.
  6. Paola Boel & Gabriele Camera, 2009. "Financial Sophistication and the Distribution of the Welfare Cost of Inflation," Purdue University Economics Working Papers 1222, Purdue University, Department of Economics.
  7. Boel, Paola & Camera, Gabriele, 2004. "Efficient Monetary Allocations and the Illiquidity of Bonds," Purdue University Economics Working Papers 1171, Purdue University, Department of Economics.
  8. Gabriele Camera & Paola Boel, 2004. "On Heterogeneity in a Fundamental Model of Money," 2004 Meeting Papers 92, Society for Economic Dynamics.

Articles

  1. Paola Boel & Peter Zimmerman, 2022. "Unbanked in America: A Review of the Literature," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2022(07), pages 1-10, May.
  2. Paola Boel & Peter Zimmerman, 2022. "Why Worry about Financial Exclusion?," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2022(09), pages 1-10, August.
  3. Boel, Paola & Camera, Gabriele, 2011. "The Welfare Cost Of Inflation In Oecd Countries," Macroeconomic Dynamics, Cambridge University Press, vol. 15(S2), pages 217-251, September.
  4. Boel, Paola & Camera, Gabriele, 2009. "Financial sophistication and the distribution of the welfare cost of inflation," Journal of Monetary Economics, Elsevier, vol. 56(7), pages 968-978, October.
  5. Boel, Paola & Camera, Gabriele, 2006. "Efficient monetary allocations and the illiquidity of bonds," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1693-1715, October.

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Paola Boel & Christopher J. Waller, 2020. "On the Essentiality of Credit and Banking at the Friedman Rule," Working Papers 2020-018, Federal Reserve Bank of St. Louis.

    Cited by:

    1. van Buggenum, Hugo, 2023. "Coexistence of money and interest-bearing bonds," Journal of Economic Dynamics and Control, Elsevier, vol. 153(C).

  2. Paola Boel & Christopher J. Waller, 2015. "On the Theoretical Efficacy of Quantitative Easing at the Zero Lower Bound," Working Papers 2015-027, Federal Reserve Bank of St. Louis.

    Cited by:

    1. Kee-Yong Kang, 2018. "Online Appendix to "Central Bank purchases of private assets: An evaluation"," Online Appendices 18-256, Review of Economic Dynamics.
    2. Christopher J. Waller, 2015. "Microfoundations of Money: Why They Matter," Review, Federal Reserve Bank of St. Louis, vol. 97(4), pages 289-301.
    3. James B. Bullard, 2016. "Permazero," Review, Federal Reserve Bank of St. Louis, vol. 98(2).
      • James B. Bullard, 2015. "Permazero," Speech 256, Federal Reserve Bank of St. Louis.
      • James Bullard, 2016. "Permazero," Cato Journal, Cato Journal, Cato Institute, vol. 36(2), pages 415-429, Spring/Su.
    4. Athanasios Geromichalos & Lucas Herrenbrueck, 2017. "The Liquidity-Augmented Model of Macroeconomic Aggregates," Discussion Papers dp17-16, Department of Economics, Simon Fraser University.
    5. Nicola Amendola & Leo Ferraris & Fabrizio Mattesini, 2016. "Optimal Monetary Policy in a Pure Currency Economy with Heterogenous Agents," CEIS Research Paper 394, Tor Vergata University, CEIS, revised 02 Feb 2017.
    6. Uras, Burak & van Buggenum, Hugo, 2020. "Preference Heterogeneity and Optimal Monetary Policy," Discussion Paper 2020-030, Tilburg University, Center for Economic Research.
    7. van Buggenum, Hugo & Uras, Burak, 2019. "Money, Asset Markets and Efficiency of Capital Formation," Discussion Paper 2019-002, Tilburg University, Center for Economic Research.
    8. Huber, Samuel & Kim, Jaehong, 2017. "On the optimal quantity of liquid bonds," Journal of Economic Dynamics and Control, Elsevier, vol. 79(C), pages 184-200.

  3. Paola Boel & Gabriele Camera, 2009. "Financial Sophistication and the Distribution of the Welfare Cost of Inflation," Purdue University Economics Working Papers 1222, Purdue University, Department of Economics.

    Cited by:

    1. Gaetano Antinolfi & Costas Azariadis & James B. Bullard, 2008. "The optimal inflation target in an economy with limited enforcement," Speech 166, Federal Reserve Bank of St. Louis.
    2. Boel, Paola, 2018. "The redistributive effects of inflation and the shape of money demand," Journal of Economic Dynamics and Control, Elsevier, vol. 90(C), pages 208-219.
    3. Yi-Heng Chen & Ho-Chuan Huang & Kuang-Ping Ku, 2015. "The effects of inflation and openness on inequality across alternative monetary regimes," Applied Economics Letters, Taylor & Francis Journals, vol. 22(4), pages 291-298, March.
    4. Kakar, Venoo, 2014. "On the Redistributional Effects of Long-Run Inflation in a Cash-in-Advance Economy," MPRA Paper 69513, University Library of Munich, Germany.
    5. Guillaume Rocheteau, 2011. "The cost of inflation: a mechanism design approach," Working Papers (Old Series) 1103, Federal Reserve Bank of Cleveland.
    6. Andre C. Silva, 2014. "Rebalancing frequency and the welfare cost of inflation," Nova SBE Working Paper Series wp587, Universidade Nova de Lisboa, Nova School of Business and Economics.
    7. Jonathan Chiu & Miguel Molico, 2011. "Uncertainty, Inflation, and Welfare," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(s2), pages 487-512, October.
    8. Martin Ravallion, 2022. "Macroeconomic Covariates of Real Household Incomes in America," Working Papers gueconwpa~22-22-04, Georgetown University, Department of Economics.
    9. Ohik Kwon & Manjong Lee, 2024. "Credit Market Frictions and Coessentiality of Money and Credit," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 56(1), pages 257-278, February.
    10. Lorenzo Menna & Patrizio Tirelli, 2014. "Limited Asset Market Participation and the Optimal Fiscal and Monetary Policies," Working Papers 284, University of Milano-Bicocca, Department of Economics, revised Oct 2014.
    11. Gabriele Camera & YiLi Chien, 2013. "Modeling monetary economies: an equivalence result," Working Papers 2013-009, Federal Reserve Bank of St. Louis.
    12. Boel, Paola, 2013. "The Redistributive Effects of Inflation: an International Perspective," Working Paper Series 274, Sveriges Riksbank (Central Bank of Sweden), revised 01 Feb 2017.
    13. Gabriele Camera & Yili Chien, 2014. "Understanding the Distributional Impact of Long‐Run Inflation," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 46(6), pages 1137-1170, September.
    14. Paola Boel & Gabriele Camera, 2009. "Financial Sophistication and the Distribution of the Welfare Cost of Inflation," Purdue University Economics Working Papers 1222, Purdue University, Department of Economics.
    15. TINA M. Edgar A. Ghossoub, 2012. "Economic Development and the Welfare Costs of Inflation It has been widely observed that the role of money in the ?nancial system varies across developing and advanced countries. While the connections," Working Papers 0034, College of Business, University of Texas at San Antonio.
    16. Jin, Gu & Zhu, Tao, 2020. "Heterogeneity, Decentralized Trade, and the Long-run Real Effects of Inflation," MPRA Paper 101927, University Library of Munich, Germany.
    17. Oscar Afonso, 2023. "Losers and losses of COVID-19: a directed technical change analysis with fiscal and monetary policies," Economic Change and Restructuring, Springer, vol. 56(3), pages 1777-1821, June.
    18. Jonathan Chiu & Miguel Molico, 2020. "Online Appendix to "Short-Run Dynamics in a Search-Theoretic Model of Monetary Exchange"," Online Appendices 18-446, Review of Economic Dynamics.
    19. Lorenzo Menna & Patrizio Tirelli, 2017. "Optimal inflation to reduce inequality," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 24, pages 79-94, March.
    20. Edgar A. Ghossoub & Andre Harrison & Robert R. Reed, 2024. "Capital controls, banking competition, and monetary policy," Economic Inquiry, Western Economic Association International, vol. 62(3), pages 1369-1399, July.
    21. Óscar Afonso, 2022. "Growth and wage effects of the monetary policy," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(4), pages 4058-4084, October.
    22. Jonathan Chiu & Miguel Molico, 2020. "Short-Run Dynamics in a Search-Theoretic Model of Monetary Exchange," Staff Working Papers 20-48, Bank of Canada.
    23. Kim, Dong-Hyeon & Lin, Shu-Chin, 2023. "Income inequality, inflation and financial development," Journal of Empirical Finance, Elsevier, vol. 72(C), pages 468-487.
    24. Gabriele Camera & YiLi Chien, 2013. "Two Monetary Models with Alternating Markets," Working Papers 13-25, Chapman University, Economic Science Institute.
    25. Hongfei Sun & Chenggang Zhou, 2018. "Monetary and fiscal policies in a heterogeneous‐agent economy," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 51(3), pages 747-783, August.
    26. Paola Boel, 2017. "The Redistributive Effects of Inflation and the Shape of Money Demand," LWS Working papers 25, LIS Cross-National Data Center in Luxembourg.
    27. Hamid Beladi & Edgar Ghossoub, 2012. "Central Bank Liquidity Provision and Financial Sector Competition This paper presents a general equilibrium production economy where money is essential and financial intermediaries provide important e," Working Papers 0002, College of Business, University of Texas at San Antonio.

  4. Boel, Paola & Camera, Gabriele, 2004. "Efficient Monetary Allocations and the Illiquidity of Bonds," Purdue University Economics Working Papers 1171, Purdue University, Department of Economics.

    Cited by:

    1. Shi, Shouyong, 2008. "Efficiency improvement from restricting the liquidity of nominal bonds," Journal of Monetary Economics, Elsevier, vol. 55(6), pages 1025-1037, September.
    2. van Buggenum, Hugo, 2023. "Coexistence of money and interest-bearing bonds," Journal of Economic Dynamics and Control, Elsevier, vol. 153(C).
    3. Gaetano Antinolfi & Costas Azariadis & James B. Bullard, 2008. "The optimal inflation target in an economy with limited enforcement," Speech 166, Federal Reserve Bank of St. Louis.
    4. Han, Han, 2015. "Over-the-Counter Markets, Intermediation, and Monetary Policy," MPRA Paper 68709, University Library of Munich, Germany.
    5. Marchesiani, Alessandro & Senesi, Pietro, 2009. "Money And Nominal Bonds," Macroeconomic Dynamics, Cambridge University Press, vol. 13(2), pages 189-199, April.
    6. Curran, Michael & Dressler, Scott J., 2020. "Preferences, inflation, and welfare," European Economic Review, Elsevier, vol. 130(C).
    7. David Andolfatto, 2009. "On the Societal Benefits of Illiquid Bonds," Working Paper series 13_09, Rimini Centre for Economic Analysis.
    8. Athanasios Geromichalos & Lucas Herrenbrueck, 2013. "Monetary Policy, Asset Prices, and Liquidity in Over-the-Counter Markets," Working Papers 262, University of California, Davis, Department of Economics.
    9. Wang, Zijian, 2020. "Liquidity and private information in asset markets: To signal or not to signal," Journal of Economic Theory, Elsevier, vol. 190(C).
    10. Altermatt, Lukas & Iwasaki, Kohei & Wright, Randall, 2021. "Asset pricing in monetary economies," Journal of International Money and Finance, Elsevier, vol. 115(C).
    11. Aleksander Berentsen & Carlo Strub, 2008. "Central Bank Design with Heterogeneous Agents," IEW - Working Papers 365, Institute for Empirical Research in Economics - University of Zurich.
    12. Aleksander Berentsen & Christopher J. Waller, 2009. "Outside versus inside bonds: a Modigliani-Miller type result for liquidity constrained economies," Working Papers 2009-056, Federal Reserve Bank of St. Louis.
    13. Athanasios Geromichalos & Lucas Herrenbrueck, 2017. "The Liquidity-Augmented Model of Macroeconomic Aggregates," Discussion Papers dp17-16, Department of Economics, Simon Fraser University.
    14. Lorenzo Carbonari & Fabrizio Mattesini & Robert J. Waldmann, 2023. "Inflation and Welfare in a Competitive Search Equilibrium with Asymmetric Information," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(4), pages 717-746, June.
    15. Shouyong Shi, 2006. "Welfare improvement from restricting the liquidity of nominal bonds," 2006 Meeting Papers 245, Society for Economic Dynamics.
    16. Uras, Burak & van Buggenum, Hugo, 2020. "Preference Heterogeneity and Optimal Monetary Policy," Discussion Paper 2020-030, Tilburg University, Center for Economic Research.
    17. Aliprantis, C. D. & Camera, G. & Puzzello, D., 2006. "Bilateral Matching and Latin Squares," Purdue University Economics Working Papers 1189, Purdue University, Department of Economics.
    18. Stephen D. Williamson & Randall Wright, 2010. "New Monetarist Economics: models," Staff Report 443, Federal Reserve Bank of Minneapolis.
    19. Geromichalos, Athanasios & Herrenbrueck, Lucas M. & Salyer, Kevin D., 2016. "A search-theoretic model of the term premium," Theoretical Economics, Econometric Society, vol. 11(3), September.
    20. van Buggenum, Hugo, 2021. "Coexistence of Money and Interest-Bearing Bonds," Other publications TiSEM 0bd7c6fc-3779-4bf3-9100-0, Tilburg University, School of Economics and Management.
    21. van Buggenum, Hugo & Uras, Burak, 2019. "Money, Asset Markets and Efficiency of Capital Formation," Discussion Paper 2019-002, Tilburg University, Center for Economic Research.
    22. Young Sik Kim & Manjong Lee, 2012. "Intermediary Cost and Coexistence Puzzle," Working Paper Series no84, Institute of Economic Research, Seoul National University.
    23. Aliprantis, C.D. & Camera, Gabriele & Puzzello, D., 2005. "Anonymous Markets and Monetary Trading," Purdue University Economics Working Papers 1179, Purdue University, Department of Economics.
    24. Paola Boel & Gabriele Camera, 2009. "Financial Sophistication and the Distribution of the Welfare Cost of Inflation," Purdue University Economics Working Papers 1222, Purdue University, Department of Economics.
    25. David Andolfatto, 2011. "A note on the societal benefits of illiquid bonds," Canadian Journal of Economics, Canadian Economics Association, vol. 44(1), pages 133-147, February.
    26. Aliprantis, C. D. & Camera, G. & Puzzelo, D., 2004. "A Random Matching Theory," Purdue University Economics Working Papers 1168, Purdue University, Department of Economics.
    27. Haitao Xiang, 2013. "Optimal monetary policy: distribution efficiency versus production efficiency," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 46(3), pages 836-864, August.
    28. Aliprantis, C.D. & Camera, G. & Puzzello, D., 2007. "Bilateral matching with Latin squares," Journal of Mathematical Economics, Elsevier, vol. 43(2), pages 99-114, February.
    29. Aleksander Berentsen & Christopher Waller, 2008. "Outside Versus Inside Bonds," IEW - Working Papers 372, Institute for Empirical Research in Economics - University of Zurich.
    30. Young Sik Kim & Manjong Lee, 2009. "Wealth Distribution, Inflation Tax, and Societal Benefits of Illiquid Bonds," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 41(5), pages 809-830, August.
    31. Valerie R. Bencivenga & Gabriele Camera, 2011. "Banking in a Matching Model of Money and Capital," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(s2), pages 449-476, October.
    32. William Blankenau & Gabriele Camera, 2009. "Public Spending on Education and the Incentives for Student Achievement," Economica, London School of Economics and Political Science, vol. 76(303), pages 505-527, July.
    33. Luis Araujo & Leo Ferraris, 2020. "Money, Bonds, and the Liquidity Trap," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(7), pages 1853-1867, October.
    34. Paola Boel & Christopher J. Waller, 2020. "On the Essentiality of Credit and Banking at the Friedman Rule," Working Papers 2020-018, Federal Reserve Bank of St. Louis.

  5. Gabriele Camera & Paola Boel, 2004. "On Heterogeneity in a Fundamental Model of Money," 2004 Meeting Papers 92, Society for Economic Dynamics.

    Cited by:

    1. Boel, Paola & Camera, Gabriele, 2006. "Efficient monetary allocations and the illiquidity of bonds," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1693-1715, October.

Articles

  1. Paola Boel & Peter Zimmerman, 2022. "Unbanked in America: A Review of the Literature," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2022(07), pages 1-10, May.

    Cited by:

    1. Blanco, Luisa R. & Hernandez, Isaias & Thames, April D. & Chen, Lucia & Serido, Joyce, 2023. "Mind your money: A community-based digital intervention for improving financial capability among Hispanics," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 629-643.
    2. Broader, Jacquelyn, 2024. "Tapping In: Leveraging Open-Loop Fare Payments to Increase Financial Inclusion," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt88v9c0wm, Institute of Transportation Studies, UC Berkeley.

  2. Boel, Paola & Camera, Gabriele, 2011. "The Welfare Cost Of Inflation In Oecd Countries," Macroeconomic Dynamics, Cambridge University Press, vol. 15(S2), pages 217-251, September.

    Cited by:

    1. Boel, Paola, 2018. "The redistributive effects of inflation and the shape of money demand," Journal of Economic Dynamics and Control, Elsevier, vol. 90(C), pages 208-219.
    2. Kent Kimbrough & Ioannis Spyridopoulos, 2012. "The Welfare Cost of Inflation in Greece," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 10(1), pages 41-52.
    3. Guillaume Rocheteau, 2011. "The cost of inflation: a mechanism design approach," Working Papers (Old Series) 1103, Federal Reserve Bank of Cleveland.
    4. Gabriele Camera & YiLi Chien, 2013. "Two Monetary Models with Alternating Markets," Working Papers 13-25, Chapman University, Economic Science Institute.
    5. Homburg, Stefan, 2017. "A Study in Monetary Macroeconomics," OUP Catalogue, Oxford University Press, number 9780198807537.
    6. John Ashworth & David Barlow & Lynne Evans, 2014. "Sectoral Money Demand Behaviour and the Welfare Cost of Inflation in the UK," Manchester School, University of Manchester, vol. 82(6), pages 732-750, December.
    7. Marcelo Arbex & Dennis O'Dea, 2014. "Networks in labor markets and welfare costs of inflation," Working Papers 1401, University of Windsor, Department of Economics.

  3. Boel, Paola & Camera, Gabriele, 2009. "Financial sophistication and the distribution of the welfare cost of inflation," Journal of Monetary Economics, Elsevier, vol. 56(7), pages 968-978, October.
    See citations under working paper version above.
  4. Boel, Paola & Camera, Gabriele, 2006. "Efficient monetary allocations and the illiquidity of bonds," Journal of Monetary Economics, Elsevier, vol. 53(7), pages 1693-1715, October.
    See citations under working paper version above.

More information

Research fields, statistics, top rankings, if available.

Statistics

Access and download statistics for all items

Co-authorship network on CollEc

NEP Fields

NEP is an announcement service for new working papers, with a weekly report in each of many fields. This author has had 7 papers announced in NEP. These are the fields, ordered by number of announcements, along with their dates. If the author is listed in the directory of specialists for this field, a link is also provided.
  1. NEP-MON: Monetary Economics (7) 2006-06-17 2009-07-11 2013-11-02 2015-09-26 2020-08-10 2021-11-15 2023-06-19. Author is listed
  2. NEP-CBA: Central Banking (6) 2006-06-17 2009-07-11 2013-11-02 2015-09-26 2020-08-10 2021-11-15. Author is listed
  3. NEP-MAC: Macroeconomics (6) 2006-06-17 2009-07-11 2013-11-02 2015-09-26 2020-08-10 2021-11-15. Author is listed
  4. NEP-DGE: Dynamic General Equilibrium (5) 2013-11-02 2015-09-26 2020-08-10 2021-11-15 2023-06-19. Author is listed
  5. NEP-BAN: Banking (3) 2020-08-10 2021-11-15 2023-06-19
  6. NEP-FDG: Financial Development and Growth (2) 2021-11-15 2023-06-19
  7. NEP-FMK: Financial Markets (1) 2006-06-17

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