2021 - Volume 53, Issue 2-3

The Bank Lending Channel of Conventional and Unconventional Monetary Policy

UGO ALBERTAZZI,  ANDREA NOBILI,  FEDERICO M. SIGNORETTI


The Dynamics of Unemployment and Inflation in New Keynesian Models with Two Labor Margins

PIERRICK CLERC


A Classical View of the Business Cycle

MICHAEL T. BELONGIA,  PETER N. IRELAND


Market Discipline through Credit Ratings and Too-Big-to-Fail in Banking

SASCHA KOLARIC,  FLORIAN KIESEL,  STEVEN ONGENA


The Welfare Costs of Self-Fulfilling Bank Runs

ELENA MATTANA,  ETTORE PANETTI


Adaptive Learning and Labor Market Dynamics

F. DI PACE,  K. MITRA,  S. ZHANG


Exploring Differences in Household Debt across the United States and Euro Area Countries

DIMITRIS CHRISTELIS,  MICHAEL EHRMANN,  DIMITRIS GEORGARAKOS


Fiscal Consolidation and Public Wages

JUIN-JEN CHANG,  HSIEH-YU LIN,  NORA TRAUM,  SHU-CHUN S. YANG


Optimal Provision of Costly Currency

WEI QIAO,  NEIL WALLACE


Frictions in an Experimental Dynamic Stochastic General Equilibrium Economy

Charles N. Noussair,  Damjan Pfajfar,  Janos Zsiros


Testing the Present-Value Model of the Exchange Rate with Commodity Currencies

MICHAEL B. DEVEREUX,  GREGOR W. SMITH