2023 - Volume 55, Issue 4

The Role of Money in Monetary Policy at the Lower Bound

ROBERTO M. BILLI,  ULF SÖDERSTRÖM,  CARL E. WALSH


Inflation and Welfare in a Competitive Search Equilibrium with Asymmetric Information

LORENZO CARBONARI,  FABRIZIO MATTESINI,  ROBERT J. WALDMANN


House Price Markups and Mortgage Defaults

PAUL E. CARRILLO,  WILLIAM M. DOERNER,  WILLIAM D. LARSON


Policy Uncertainty and Bank Mortgage Credit

GAZI I. KARA,  YOUNGSUK YOOK


Effects of State-Dependent Forward Guidance, Large-Scale Asset Purchases, and Fiscal Stimulus in a Low-Interest-Rate Environment

GÜNTER COENEN,  CARLOS MONTES-GALDÓN,  FRANK SMETS


Downward Nominal Wage Rigidity Meets the Zero Lower Bound

ROBERT AMANO,  STEFANO GNOCCHI


Credit Crunch and Downward Nominal Wage Rigidities

JEAN-FRANÇOIS ROUILLARD


A Dilemma between Liquidity Regulation and Monetary Policy: Some History and Theory

ERIC MONNET,  MIKLOS VARI


Normalizing the Central Bank's Balance Sheet: Implications for Inflation and Debt Dynamics

BEGOÑA DOMÍNGUEZ,  PEDRO GOMIS-PORQUERAS


Housing Rents and Inflation Rates

BRENT W. AMBROSE,  N. EDWARD COULSON,  JIRO YOSHIDA