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2025 - Volume 57, Issue 6

2025 - Volume 57, Issue 6

The Impact of Regulatory Stress Tests on Banks' Portfolio Similarity and Implications for Systemic Risk

FALK BRÄUNING,  JOSÉ L. FILLAT


Regulatory Capital Management to Exceed Thresholds

LUCIANA OROZCO,  SILVINA RUBIO


Proximity to Bank Headquarters and Branch Efficiency: Evidence from Mortgage Lending

IVAN LIM,  DUC DUY NGUYEN,  LINH NGUYEN,  JOHN O.S. WILSON


Is Macroprudential Policy Instrument Blunt? Empirical Analysis Based on Japan's Experience from the 1970s to the 1990s

KATSURAKO SONODA,  NAO SUDO


Financial Liberalization, Credit Market Dynamism, and Allocative Efficiency

ANA MARÍA HERRERA,  RAOUL MINETTI,  MATTHEW SCHAFFER


The Effects of Fiscal Measures during COVID-19

PRAGYAN DEB,  DAVIDE FURCERI,  JONATHAN D. OSTRY,  NOUR TAWK,  NAIHAN YANG


Price Stickiness Heterogeneity and Equilibrium Determinacy

JAE WON LEE,  WOONG YONG PARK


Intensive and Extensive Margins of Labor Supply in HANK: Aggregate and Disaggregate Implications