2014 - Volume 46, Issue 2-3

Trend Inflation and the Nature of Structural Breaks in the New Keynesian Phillips Curve

CHANG-JIN KIM,  PYM MANOPIMOKE,  CHARLES R. NELSON


Which Fundamentals Drive Exchange Rates? A Cross-Sectional Perspective

LUCIO SARNO,  MAIK SCHMELING


Returns to Scale, Market Power, and the Nature of Price Rigidity in New Keynesian Models with Self-Fulfilling Expectations

KEVIN X.D. HUANG,  QINGLAI MENG


Sovereign Defaults, Credit to the Private Sector, and Domestic Credit Market Institutions

GUIDO SANDLERIS


Economic Policy and the Great Depression in a Small Open Economy

JONATHAN PAYNE,  LAWRENCE UREN


Financial Aspects of Business Cycles: An Analysis of Balance Sheet Adjustments of U.S. Nonfinancial Enterprises over the Twentieth Century

ROBERT E. KRAINER


Liquidity Coinsurance and Bank Capital

FABIO CASTIGLIONESI,  FABIO FERIOZZI,  GYÖNGYI LÓRÁNTH,  LORIANA PELIZZON


Foreign Entry into Underwriting Services: Evidence from Japan's “Big Bang” Deregulation

JOSE A. LOPEZ,  MARK M. SPIEGEL


Reason for Reserve? Reserve Requirements and Credit

NADA MORA


Finance and Property Rights: Exploring Other Directions

NILOY BOSE,  ANTU PANINI MURSHID,  CHITRALEKHA RATH


Business Cycle Implications of Internal Consumption Habit for New Keynesian Models

TAKASHI KANO,  JAMES M. NASON


Credit Indicators as Predictors of Economic Activity: A Real-Time VAR Analysis

N. KUNDAN KISHOR,  EVAN F. KOENIG