2026 - Volume 58, Issue 1

2026 - Volume 58, Issue 1

Familiarity Breeds Contagion

SUMIT AGARWAL,  ADITYA MURLIDHARAN,  NAMAN NISHESH,  PRASANNA TANTRI


Are Risky Banks Disciplined by Large Corporate Depositors?

BJÖRN IMBIEROWICZ,  ANTHONY SAUNDERS,  SASCHA STEFFEN


Monetary Policy and Welfare with Heterogeneous Firms and Endogenous Entry

DUDLEY COOKE,  TATIANA DAMJANOVIC


Estimating the Ideas' Production Function Using Macro-Economic Persistence

XIAOHAN MA,  ROBERTO SAMANIEGO


Oil Strikes Back: Trend Factors and Exchange Rates

LIYAN HAN,  YANG XU,  QUNZI ZHANG,  XIAONENG ZHU


Optimal Monetary and Transfer Policy in a Liquidity Trap

STEFANO MARIA CORBELLINI


On the Welfare Costs of Perceptions Biases

HUGH MONTAG


(In)Stability of the Relationship between Relative Expenditure and Price of Durable and Nondurable Goods

VIPUL BHATT,  N. KUNDAN KISHOR


Central Bank Independence and Inflation in Latin America—Through the Lens of History

LUIS I. JÁCOME,  SAMUEL PIENKNAGURA


Aggregate Risk and Lending Decisions in the Interbank Market

ANUAR BECHARA,  ALEJANDRO BERNALES,  CARLOS CAÑÓN,  NICOLÁS GARRIDO