2024 - Volume 56, Issue 5

Housing, Distribution, and Welfare

NOBUHIRO KIYOTAKI,  ALEXANDER MICHAELIDES,  KALIN NIKOLO


The Impact of Credit Risk Mispricing on Mortgage Lending during the Subprime Boom

JAMES A. KAHN,  BENJAMIN S. KAY


In Search of a Risk-Free Asset: Search Costs and Sticky Deposit Rates

VLADIMIR YANKOV


Capturing Macro-Economic Tail Risks with Bayesian Vector Autoregressions

ANDREA CARRIERO,  TODD E. CLARK,  MASSIMILIANO MARCELLINO


Deregulation and Financial Intermediation Cost: An International Comparison

GUILLAUME BAZOT


The Credit-Card-Services Augmented Divisia Monetary Aggregates

WILLIAM A. BARNETT,  MARCELLE CHAUVET,  DANILO LEIVA-LEON,  LITING SU


Credit Guarantee and Fiscal Costs

HUIXIN BI,  YONGQUAN CAO,  WEI DONG


Liquidity, the Mundell–Tobin Effect, and the Friedman Rule

LUKAS ALTERMATT,  CHRISTIAN WIPF


Negative Interest Rate Policy and the Influence of Macro-Economic News on Yields

RASMUS FATUM,  NAOKO HARA,  YOHEI YAMAMOTO