2022 - Volume 54, Issue 6

Monetary Policy, Inflation, and Rational Asset Price Bubbles

DAISUKE IKEDA


The Empirical Relevance of the Shadow Rate and the Zero Lower Bound

MICHAEL ELLINGTON


Estimating a Nonlinear New Keynesian Model with the Zero Lower Bound for Japan

HIROKUNI IIBOSHI,  MOTOTSUGU SHINTANI,  KOZO UEDA


Mobile Collateral versus Immobile Collateral

GARY GORTON,  TOOMAS LAARITS,  TYLER MUIR


Bank Sectoral Concentration and Risk: Evidence from a Worldwide Sample of Banks

Thorsten Beck,  Olivier De Jonghe,  Klaas Mulier


Domestic Debt and Sovereign Defaults

ENRICO MALLUCCI


Does Gross or Net Debt Matter More for Emerging Market Spreads?

METODIJ HADZI-VASKOV,  LUCA ANTONIO RICCI


Eliminating the Tax Shield through Allowance for Corporate Equity: Cross-Border Credit Supply Effects

SONNY BISWAS,  BÁLINT L. HORVÁTH,  WEI ZHAI


Economic Slowdown and Housing Dynamics in China: A Tale of Two Investments by Firms

FENG DONG,  YUMEI GUO,  YUCHAO PENG,  ZHIWEI XU


An Application of Shapley Value Cost Allocation to Liquidity Savings Mechanisms

RODNEY J. GARRATT


Breaking the UIP: A Model-Equivalence Result

YOSSI YAKHIN