2020 - Volume 52, Issue 6

Firms’ Management of Infrequent Shocks

BENJAMIN L. COLLIER,  ANDREW F. HAUGHWOUT,  HOWARD C. KUNREUTHER,  ERWANN O. MICHEL-KERJAN


The Euro Area Bond Free Float and the Implications for QE

TOBIAS S. BLATTNER,  MICHAEL A. S. JOYCE


A Liquidity-Based Resolution of the Uncovered Interest Parity Puzzle

SEUNGDUCK LEE,  KUK MO JUNG


Money, Asset Prices, and the Liquidity Premium

SEUNGDUCK LEE


Flow Effects of Central Bank Asset Purchases on Sovereign Bond Prices: Evidence from a Natural Experiment

ROBERTO A. DE SANTIS,  FÉDÉRIC HOLM-HADULLA


Harmful Procompetitive Effects of Trade in Presence of Credit Market Frictions

RETO FOELLMI,  MANUEL OECHSLIN


Fiscal Policy and Occupational Employment Dynamics

CHRISTIAN BREDEMEIER,  FALKO JUESSEN,  ROLAND WINKLER


Macroprudential Policies in a Low Interest Rate Environment

MARGARITA RUBIO,  FANG YAO

 

Nonlinear Effects of Mortgage Spreads Over the Business Cycle

CHAK HUNG JACK CHENG,  CHING-WAI (JEREMY) CHIU