Content
March 2022, Volume 54, Issue 2-3
- 519-535 (Dis)Solving the Zero Lower Bound Equilibrium through Income Policy
by Guido Ascari & Jacopo Bonchi - 537-568 Forecaster Efficiency, Accuracy, and Disagreement: Evidence Using Individual‐Level Survey Data
by Michael P. Clements - 569-598 Exchange Rate Sensitivity and the Net Foreign Asset Composition
by Malin Gardberg - 599-626 Search with Wage Posting under Sticky Prices
by Andrew T. Foerster & José Mustre‐Del‐Río - 627-649 Heterogeneity in Euro Area Monetary Policy Transmission: Results from a Large Multicountry BVAR Model
by Martin Mandler & Michael Scharnagl & Ute Volz - 651-662 Unsecured and Secured Funding
by Mario Di Filippo & Angelo Ranaldo & Jan Wrampelmeyer - 663-683 Fiscal Policy And the Nominal Term Premium
by Roman Horvath & Lorant Kaszab & Ales Marsal - 685-706 Monetary shock measurement and stock markets
by Arabinda Basistha & Richard Startz - 707-728 On the Role of the Collateral Constraint Friction in the North–South Transmission of the 2008–2009 Financial Crisis
by Ha M. Nguyen
February 2022, Volume 54, Issue 1
- 5-38 The Term Structure of Currency Futures' Risk Premia
by Kerstin Bernoth & Jürgen Von Hagen & Casper De Vries - 39-71 The Term Structure of Uncertainty: New Evidence from Survey Expectations
by Carola Binder & Tucker S. Mcelroy & Xuguang S. Sheng - 73-118 What Does the Cross‐Section Tell About Itself? Explaining Equity Risk Premia with Stock Return Moments
by Ilan Cooper & Liang Ma & Paulo Maio - 119-144 Money in the Equilibrium of Banking
by Jin Cao & Gerhard Illing - 145-168 Chinese Exchange Rate Policy: Lessons for Global Investors
by Michael Melvin & Frank Westermann - 169-202 Unconventional Monetary Policy and Auction Cycles of Eurozone Sovereign Debt
by J.J.M. Van Spronsen & R.M.W.J. Beetsma - 203-245 Countercyclical Foreign Currency Borrowing: Eurozone Firms in 2007–09
by Philippe Bacchetta & Ouarda Merrouche - 247-283 Labor Market Policies in a Deep Recession: Lessons from Hoover's Policies during the U.S. Great Depression
by Jordan Roulleau‐Pasdeloup & Anastasia Zhutova - 285-312 Sovereign Risk and the Bank Lending Channel: Differences across Countries and the Effects of the Financial Crisis
by María Cantero‐Saiz & Sergio Sanfilippo‐Azofra & Begoña Torre‐Olmo - 313-331 Output Comovement and Inflation Dynamics in a Two‐Sector Model with Durable Goods: The Role of Sticky Information and Heterogeneous Factor Markets
by Tomiyuki Kitamura & Tamon Takamura - 333-342 Government Bailout Funds: Balancing Rules and Discretion
by Mark Gradstein
December 2021, Volume 53, Issue 8
- 1929-1968 Cyclical Part‐Time Employment in an Estimated New Keynesian Model with Search Frictions
by Toshihiko Mukoyama & Mototsugu Shintani & Kazuhiro Teramoto - 1969-1997 Rival Growth Prospects and Equity Prices: Evidence from Mass Layoff Announcements
by Adam Bordeman & Bharadwaj Kannan & Roberto Pinheiro - 1999-2036 Structural Breaks in U.S. Macroeconomic Time Series: A Bayesian Model Averaging Approach
by Adam Check & Jeremy Piger - 2037-2069 Economic Uncertainty and Bank Lending
by Wei‐Shao Wu & Sandy Suardi - 2071-2098 Credit Supply and Demand in Unconventional Times
by Carlo Altavilla & Miguel Boucinha & Sarah Holton & Steven Ongena - 2099-2127 Going the Extra Mile: Effort by Workers and Job‐Seekers
by Matthias S. Hertweck & Vivien Lewis & Stefania Villa - 2129-2165 Time‐Consistent Management of a Liquidity Trap with Government Debt
by Dmitry Matveev - 2167-2200 VAT Treatment of the Financial Services: Implications for the Real Economy
by Ismail Baydur & Fatih Yilmaz - 2201-2214 Societal Benefit of Multiple Currencies
by Luis Araujo & Leo Ferraris - 2215-2219 Housing and Tax Policy: Comment
by Hamed Ghiaie & Jean‐François Rouillard
October 2021, Volume 53, Issue 7
- 1593-1628 Banks as Potentially Crooked Secret Keepers
by Timothy Jackson & Laurence J. Kotlikoff - 1629-1675 Response of Consumer Debt to Income Shocks: The Case of Energy Booms and Busts
by Jason P. Brown - 1677-1717 Information Sharing in a Competitive Microcredit Market
by Ralph De Haas & Matteo Millone & Jaap Bos - 1719-1755 Quantifying Stock and Flow Effects of QE
by Nao Sudo & Masaki Tanaka - 1757-1795 Does It Matter Where You Search? Twitter versus Traditional News Media
by Costas Milas & Theodore Panagiotidis & Theologos Dergiades - 1797-1818 Cross‐Border Debt Flows and Credit Allocation: Firm‐Level Evidence from the Euro Area
by Daniel Marcel Te Kaat - 1819-1866 Assessing the Gains from International Macroprudential Policy Cooperation
by Pierre‐Richard Agénor & Timothy Jackson & Enisse Kharroubi & Leonardo Gambacorta & Giovanni Lombardo & Luiz A. Pereira Da Silva - 1867-1885 Disagreeing during Deflations
by Ryan Banerjee & Aaron Mehrotra - 1887-1897 The Fiscal Arithmetic of a Dual Currency Regime
by Francesco Lippi - 1899-1921 Risk Premiums, Nominal Rigidities, and Limited Asset Market Participation
by Lorenzo Menna & Patrizio Tirelli
September 2021, Volume 53, Issue 6
- 1229-1266 Demographics and Monetary Policy Shocks
by Kimberly A. Berg & Chadwick C. Curtis & Steven Lugauer & Nelson C. Mark - 1267-1312 Financial Frictions and Macro‐Economic Fluctuations in Emerging Economies
by Özge Akinci - 1313-1335 Macroeconomic Effects of Fiscal Consolidation in Emerging Economies: New Narrative Evidence from Latin America and the Caribbean
by Yan Carrière‐Swallow & Antonio C. David & Daniel Leigh - 1337-1371 Incomplete Price Adjustment and Inflation Persistence
by Marcelle Chauvet & Insu Kim - 1373-1416 International Lending: The Role of Lender's Home Country
by Mehdi Beyhaghi & Rui Dai & Anthony Saunders & John Wald - 1417-1448 Arbitrage in International Sovereign Debt Markets? Evidence from the Inflation‐Protected Securities of Six Countries
by Arben Kita & Daniel L. Tortorice - 1449-1478 Money and Costly Credit
by Mei Dong & Stella Huangfu - 1479-1522 Economic Policy Uncertainty and Bond Risk Premia
by Christos Ioannidis & Kook Ka - 1523-1552 When Can Decision Makers Learn from Financial Market Prices?
by Christoph Siemroth - 1553-1572 Sources of Bias in Inflation Rates and Implications for Inflation Dynamics
by Rahel Braun & Sarah M. Lein - 1573-1586 The International Spillovers of the 2010 U.S. Flash Crash
by David‐Jan Jansen
August 2021, Volume 53, Issue 5
- 901-938 Credit Lines and the Liquidity Insurance Channel
by Viral V. Acharya & Heitor Almeida & Filippo Ippolito & Ander Perez‐Orive - 939-970 The Collateral Costs of Clearing
by Cyril Monnet & Thomas Nellen - 971-1003 Partisan Conflict, News, and Investors' Expectations
by Marina Azzimonti - 1005-1046 A Time‐Series Model of Interest Rates with the Effective Lower Bound
by Benjamin K. Johannsen & Elmar Mertens - 1047-1077 Dissecting Macroeconomic News
by Davide E. Avino & Andrei Stancu & Chardin Wese Simen - 1079-1096 Currency Wars? Unconventional Monetary Policy Does Not Stimulate Exports
by Andrew K. Rose - 1097-1119 A Case against a 4% Inflation Target
by Engin Kara & Tony Yates - 1121-1149 Public Development Banks and Credit Market Imperfections
by Marcela Eslava & Xavier Freixas - 1151-1174 Trust Us to Repay: Social Trust, Long‐Term Interest Rates, and Sovereign Credit Ratings
by Andreas Bergh & Christian Bjørnskov - 1175-1209 A Model of Endogenous Financial Inclusion: Implications for Inequality and Monetary Policy
by Mohammed Ait Lahcen & Pedro Gomis‐Porqueras - 1211-1222 Cost of Sticky Prices under Multiple Stages of Production
by Toyoichiro Shirota
June 2021, Volume 53, Issue 4
- 605-634 Political Attitudes and Inflation Expectations: Evidence and Implications
by Christian Gillitzer & Nalini Prasad & Tim Robinson - 635-676 Quantitative Easing and Bank Risk Taking: Evidence from Lending
by John Kandrac & Bernd Schlusche - 677-714 Adaptive Learning, Social Security Reform, and Policy Uncertainty
by Erin Cottle Hunt - 715-744 Political Pressure on Central Banks
by Carola Conces Binder - 745-777 Market Reforms at the Zero Lower Bound
by Matteo Cacciatore & Romain Duval & Giuseppe Fiori & Fabio Ghironi - 779-811 News and Uncertainty Shocks
by Danilo Cascaldi‐Garcia & Ana Beatriz Galvao - 813-843 How Do People Interpret Macroeconomic Shocks? Evidence from U.S. Survey Data
by Martin Geiger & Johann Scharler - 845-873 Consumer Behavior and Firm Volatility
by David R. Munro - 875-895 The Poor and the Rich: Preferences over Inflation and Unemployment
by Marc Hofstetter & José Nicolás Rosas
March 2021, Volume 53, Issue 2-3
- 261-299 The Bank Lending Channel of Conventional and Unconventional Monetary Policy
by Ugo Albertazzi & Andrea Nobili & Federico M. Signoretti - 301-332 The Dynamics of Unemployment and Inflation in New Keynesian Models with Two Labor Margins
by Pierrick Clerc - 333-366 A Classical View of the Business Cycle
by Michael T. Belongia & Peter N. Ireland - 367-400 Market Discipline through Credit Ratings and Too‐Big‐to‐Fail in Banking
by Sascha Kolaric & Florian Kiesel & Steven Ongena - 401-440 The Welfare Costs of Self‐Fulfilling Bank Runs
by Elena Mattana & Ettore Panetti - 441-475 Adaptive Learning and Labor Market Dynamics
by F. Di Pace & K. Mitra & S. Zhang - 477-501 Exploring Differences in Household Debt across the United States and Euro Area Countries
by Dimitris Christelis & Michael Ehrmann & Dimitris Georgarakos - 503-533 Fiscal Consolidation and Public Wages
by Juin‐Jen Chang & Hsieh‐Yu Lin & Nora Traum & Shu‐Chun S. Yang - 535-554 Optimal Provision of Costly Currency
by Wei Qiao & Neil Wallace - 555-587 Frictions in an Experimental Dynamic Stochastic General Equilibrium Economy
by Charles N. Noussair & Damjan Pfajfar & Janos Zsiros - 589-596 Testing the Present‐Value Model of the Exchange Rate with Commodity Currencies
by Michael B. Devereux & Gregor W. Smith
February 2021, Volume 53, Issue 1
- 5-39 When to Lean against the Wind
by Björn Richter & Moritz Schularick & Paul Wachtel - 41-72 The Skewness of the Price Change Distribution: A New Touchstone for Sticky Price Models
by Shaowen Luo & Daniel Villar - 73-94 Generalized Stability of Monetary Unions Under Regime Switching in Monetary and Fiscal Policies
by Dennis Bonam & Bart Hobijn - 95-117 Exchange Rates and Fundamentals: A General Equilibrium Exploration
by Takashi Kano - 119-156 Labor Responses, Regulation, and Business Churn
by Marta Aloi & Huw Dixon & Anthony Savagar - 157-200 Learning and the Effectiveness of Central Bank Forward Guidance
by Stephen J. Cole - 201-231 Can Optimism be a Remedy for Present Bias?
by Minwook Kang & Lei Sandy Ye - 233-253 A Closer Look at the Behavior of Uncertainty and Disagreement: Micro Evidence from the Euro Area
by Robert Rich & Joseph Tracy
December 2020, Volume 52, Issue S2
- 317-318 Editors’ Introduction to the Special Issue
by Antoine Martin & Kenneth D. West - 319-353 The Cyclical Behavior of the Price‐Cost Markup
by Christopher J. Nekarda & Valerie A. Ramey - 355-391 The Shadow Margins of Labor Market Slack
by R. Jason Faberman & Andreas I. Mueller & Ayşegül Şahin* & Giorgio Topa - 393-428 Slack and Cyclically Sensitive Inflation
by James H. Stock & Mark W. Watson - 429-463 Regional Effects of Exchange Rate Fluctuations
by Christopher L. House & Christian Proebsting & Linda L. Tesar - 465-496 Uncovered Interest Parity, Forward Guidance and the Exchange Rate
by Jordi Galí - 497-520 Bond Risk Premia and The Exchange Rate
by Boris Hofmann & Ilhyock Shim & Hyun Song Shin - 521-559 A Further Look at the Propagation of Monetary Policy Shocks in HANK
by Felipe Alves & Greg Kaplan & Benjamin Moll & Giovanni L. Violante - 561-600 Medium‐Term Money Neutrality and the Effective Lower Bound
by Gauti B. Eggertsson & Marc P. Giannoni - 601-605 The Research–Policy Nexus: ZLB, JMCB, and FOMC
by John C. Williams
October 2020, Volume 52, Issue S1
- 5-12 Editors’ Introduction to the Special Issue
by Robert Deyoung & Philipp Hartmann & Luc Laeven - 13-20 The Financial Stability Board: Principles and Priorities
by Randal K. Quarles - 21-42 The Regulation of Private Money
by Gary Gorton - 43-62 Contrasting Worldviews at Bank and Securities Market Regulators
by Mark J. Flannery - 63-75 My Reflections on the FPC's Strategy
by Anil K Kashyap - 77-86 Are Banks Finally Resolvable? A Perspective from Europe
by Isabel Schnabel - 87-105 Capital Adequacy Pre‐ and Postcrisis and the Role of Stress Testing
by Til Schuermann - 107-142 Bad Times, Good Credit
by Bo Becker & Marieke Bos & Kasper Roszbach - 143-147 Discussion of Becker, Bos, and Roszbach
by Evren Ors - 149-191 Bank Size and Household Financial Sentiment: Surprising Evidence from University of Michigan Surveys of Consumers
by Allen N. Berger & Felix Irresberger & Raluca A. Roman - 193-195 Discussion of Berger, Irresberger, and Roman
by Glenn Schepens - 197-231 Negative Monetary Policy Rates and Systemic Banks' Risk‐Taking: Evidence from the Euro Area Securities Register
by Johannes Bubeck & Angela Maddaloni & José‐Luis Peydró - 233-240 Discussion of Bubeck, Maddaloni, and Peydró
by SKANDER J. Van den HEUVEL - 241-266 Bank Leverage Limits and Regulatory Arbitrage: Old Question‐New Evidence
by Dong Beom Choi & Michael R. Holcomb & Donald P. Morgan - 267-272 Discussion of Choi, Holcomb, and Morgan
by Joe Peek - 273-305 Domestic Banks As Lightning Rods? Home Bias and Information during the Eurozone Crisis
by Orkun Saka - 307-311 Discussion of Saka
by Alexander Popov
December 2020, Volume 52, Issue 8
- 1873-1907 How Does the Stock Market View Bank Regulatory Capital Forbearance Policies?
by Van Son Lai & Xiaoxia Ye - 1909-1935 On What States Do Prices Depend? Answers From Ecuador
by Craig Benedict & Mario J. Crucini & Anthony Landry - 1937-1971 Income Redistribution, Consumer Credit, and Keeping Up with the Riches
by Mathias Klein & Christopher Krause - 1973-2005 Observing and Shaping the Market: The Dilemma of Central Banks
by Romain Baeriswyl & Camille Cornand & Bruno Ziliotto - 2007-2052 The Role of Inflation Target Adjustment in Stabilization Policy
by Yunjong Eo & Denny Lie - 2053-2083 Animal Spirits, Financial Markets, and Aggregate Instability
by Wei Dai & Mark Weder & Bo Zhang - 2085-2109 Capital Bubbles, Interest Rates, and Investment in a Small Open Economy
by Tomoo Kikuchi & Athakrit Thepmongkol - 2111-2130 Real Exchange Rate and External Balance: How Important Are Price Deflators?
by Jaebin Ahn & Rui C. Mano & Jing Zhou
October 2020, Volume 52, Issue 7
- 1617-1644 Money and Collateral
by Leo Ferraris & Fabrizio Mattesini - 1645-1689 Can the U.S. Interbank Market Be Revived?
by Kyungmin Kim & Antoine Martin & Ed Nosal - 1691-1718 Multiperiod Loans, Occasionally Binding Constraints, and Monetary Policy: A Quantitative Evaluation
by Kristina Bluwstein & Michał Brzoza‐Brzezina & Paolo Gelain & Marcin Kolasa - 1719-1754 Banking on the Boom, Tripped by the Bust: Banks and the World War I Agricultural Price Shock
by Matthew Jaremski & David C. Wheelock - 1755-1791 FX Intervention in the New Keynesian Model
by Zineddine Alla & Raphael A. Espinoza & Atish R. Ghosh - 1793-1820 Monetary News Shocks
by Nadav Ben Zeev & Christopher Gunn & Hashmat Khan - 1821-1851 Uncertainty, Incentives, and Misallocation
by Seungjun Baek - 1853-1867 Money, Bonds, and the Liquidity Trap
by Luis Araujo & Leo Ferraris
September 2020, Volume 52, Issue 6
- 1329-1359 Firms’ Management of Infrequent Shocks
by Benjamin L. Collier & Andrew F. Haughwout & Howard C. Kunreuther & Erwann O. Michel‐Kerjan - 1361-1395 The Euro Area Bond Free Float and the Implications for QE
by Tobias S. Blattner & Michael A. S. Joyce - 1397-1433 A Liquidity‐Based Resolution of the Uncovered Interest Parity Puzzle
by Seungduck Lee & Kuk Mo Jung - 1435-1466 Money, Asset Prices, and the Liquidity Premium
by Seungduck Lee - 1467-1491 Flow Effects of Central Bank Asset Purchases on Sovereign Bond Prices: Evidence from a Natural Experiment
by Roberto A. De Santis & Fédéric Holm‐Hadulla - 1493-1525 Harmful Procompetitive Effects of Trade in Presence of Credit Market Frictions
by Reto Foellmi & Manuel Oechslin - 1527-1563 Fiscal Policy and Occupational Employment Dynamics
by Christian Bredemeier & Falko Juessen & Roland Winkler - 1565-1591 Macroprudential Policies in a Low Interest Rate Environment
by Margarita Rubio & Fang Yao - 1593-1611 Nonlinear Effects of Mortgage Spreads Over the Business Cycle
by Chak Hung Jack Cheng & Ching‐Wai (Jeremy) Chiu
August 2020, Volume 52, Issue 5
- 969-1003 The Dynamics of Capital Flow Episodes
by Christian Friedrich & Pierre Guérin - 1005-1034 Debt and Financial Vulnerability on the Verge of Retirement
by Annamaria Lusardi & Olivia S. Mitchell & Noemi Oggero - 1035-1070 Cultural Determinants of Household Saving Behavior
by Nicola Fuchs‐Schündeln & Paolo Masella & Hannah Paule‐Paludkiewicz - 1071-1106 On the Relationship between Domestic Saving and the Current Account: Evidence and Theory for Developing Countries
by Markus Brueckner & Wojtek Paczos & Evi Pappa - 1107-1145 A Welfare‐Based Analysis of International Monetary Policy Spillovers at the Zero Lower Bound
by Alex Haberis & Anna Lipińska - 1147-1197 Endogenous Growth and Real Effects of Monetary Policy: R&D and Physical Capital Complementarities
by Pedro Mazeda Gil & Gustavo Iglésias - 1199-1229 Trade Credit Use as Firms Approach Default
by Emilia Garcia‐Appendini & Judit Montoriol‐Garriga - 1231-1270 On the Effectiveness of Loan‐to‐Value Regulation in a Multiconstraint Framework
by Anna Grodecka - 1271-1304 How Unsecured Credit Policies Influence Mortgage and Unsecured Loan Defaults
by Jiseob Kim - 1305-1322 Do Stronger Patents Stimulate or Stifle Innovation? The Crucial Role of Financial Development
by Angus C. Chu & Guido Cozzi & Haichao Fan & Shiyuan Pan & Mengbo Zhang
June 2020, Volume 52, Issue 4
- 653-683 Monetary Equilibrium and the Cost of Banking Activity
by Paola Boel & Gabriele Camera - 685-720 Banks' Funding Stress, Lending Supply, and Consumption Expenditure
by H. Evren Damar & Reint Gropp & Adi Mordel - 721-745 Inflation‐Indexed Bonds and Nominal Bonds: Financial Innovation and Precautionary Motives
by Minwook Kang - 747-776 The Effects of State‐Mandated Financial Education on College Financing Behaviors
by Christiana Stoddard & Carly Urban - 777-801 Labor Market and Financial Shocks: A Time‐Varying Analysis
by Francesco Corsello & Valerio Nispi Landi - 803-833 Monetary Policy Uncertainty and the Response of the Yield Curve to Policy Shocks
by Peter Tillmann - 835-862 On the Value of Virtual Currencies
by Wilko Bolt & Maarten R.C. Van Oordt - 863-905 Foreign Direct Investment and Debt Financing in Emerging Economies
by Paul Luk & Tianxiao Zheng - 907-932 Tax Evasion, Investment Shocks, and the Consumption Puzzle: A DSGE Analysis with Financial Frictions
by Bruno Chiarini & Maria Ferrara & Elisabetta Marzano - 933-950 Can Stock Volatility Be Benign? New Measurements and Macroeconomic Implications
by Yu‐Fan Huang & Sui Luo - 951-962 A Note of Caution on Shadow Rate Estimates
by Leo Krippner
March 2020, Volume 52, Issue 2-3
- 293-322 Identifying Price Reviews by Firms: An Econometric Approach
by Mark N. Harris & Hervé Le Bihan & Patrick Sevestre - 323-364 Official Demand for U.S. Debt: Implications for U.S. Real Rates
by Iryna Kaminska & Gabriele Zinna - 365-407 (In)Efficient Interbank Networks
by Fabio Castiglionesi & Noemi Navarro - 409-440 Monetary Policy Transmission with Interbank Market Fragmentation
by Miklos Vari - 441-470 Monetary Policy Implementation in a Negative Rate Environment
by Michael Boutros & Jonathan Witmer - 471-503 Elections and Capital Flows
by Adam Honig - 505-530 The Effectiveness of Consumption Taxes and Transfers as Insurance Against Idiosyncratic Risk
by Tomoyuki Nakajima & Shuhei Takahashi - 531-548 Mad about Austerity? The Effect of Fiscal Consolidation on Public Opinion
by Anna Kalbhenn & Livio Stracca - 549-582 Credit Crunches from Occasionally Binding Bank Borrowing Constraints
by Tom D. Holden & Paul Levine & Jonathan M. Swarbrick - 583-612 Voluntary Reserve Targets
by Garth Baughman & Francesca Carapella - 613-644 Financial Shocks and Corporate Investment in Emerging Markets
by Delong Li & Nicolas E. Magud & Fabian Valencia
February 2020, Volume 52, Issue 1
- 5-35 The Local Aggregate Effects of Minimum Wage Increases
by Daniel Cooper & María José Luengo‐Prado & Jonathan A. Parker - 37-77 Nominal GDP Targeting with Heterogeneous Labor Supply
by James Bullard & Aarti Singh - 79-113 Financial Dampening
by Johannes F. Wieland & Mu‐Jeung Yang - 115-144 U.S. Banking Sector Operational Losses and the Macroeconomic Environment
by Azamat Abdymomunov & Filippo Curti & Atanas Mihov - 145-164 Seven Fallacies Concerning Milton Friedman's “The Role of Monetary Policy”
by Edward Nelson - 165-203 Employment in the Great Recession: How Important Were Household Credit Supply Shocks?
by Daniel García - 205-228 Asymmetry, Complementarities, and State Dependence in Federal Reserve Forecasts
by Julieta Caunedo & Riccardo Dicecio & Ivana Komunjer & Michael T. Owyang - 229-267 Fiscal Requirements for Dynamic and Real Determinacies in Economies with Private Provision of Liquidity: A Monetarist Assessment
by Pedro Gomis‐Porqueras - 269-286 Nominal GDP Targeting and the Taylor Rule on an Even Playing Field
by David Beckworth & Joshua R. Hendrickson
December 2019, Volume 51, Issue S1
- 5-5 Introduction
by Kenneth D. West - 7-42 Global Value Chains and Effective Exchange Rates at the Country‐Sector Level
by Nikhil Patel & Zhi Wang & Shang‐Jin Wei - 43-82 Fiscal Policy in a Currency Union at the Zero Lower Bound
by David Cook & Michael B Devereux - 83-126 Entry, Trade, and Exporting over the Cycle
by George Alessandria & Horag Choi - 127-161 U.S. Monetary Policy and International Bond Markets
by Simon Gilchrist & Vivian Yue & Egon Zakrajšek - 163-198 The Aggregate and Distributional Effects of Financial Globalization: Evidence from Macro and Sectoral Data
by Davide Furceri & Prakash Loungani & Jonathan D. Ostry
December 2019, Volume 51, Issue 8
- 2077-2113 On Targeting Frameworks And Optimal Monetary Policy
by Martin Bodenstein & Junzhu Zhao - 2115-2144 Monetary Policy and the Asset Risk‐Taking Channel
by Angela Abbate & Dominik Thaler - 2145-2172 Identifying Noise Shocks: A VAR with Data Revisions
by Riccardo M. Masolo & Alessia Paccagnini - 2173-2206 Redenomination Risk
by Roberto A. De Santis - 2207-2237 Welfare Cost of Fluctuations When Labor Market Search Interacts with Financial Frictions
by Eleni Iliopulos & François Langot & Thepthida Sopraseuth - 2239-2291 Predicting Long‐Term Financial Returns: VAR versus DSGE Model—A Horse Race
by Eric Jondeau & Michael Rockinger - 2293-2303 International Business Cycle and Financial Intermediation
by Tamas Z. Csabafi & Max Gillman & Ruthira Naraidoo - 2305-2319 Estimating Trend Inflation Based on Unobserved Components Model: Is It Correlated with the Inflation Gap?
by Shih‐Tang Hwu & Chang‐Jin Kim
October 2019, Volume 51, Issue 7
- 1737-1764 Interventions in Markets with Adverse Selection: Implications for Discount Window Stigma
by Huberto M. Ennis