2026 - Volume 58, Issue 5

2026 - Volume 58, Issue 5

Banks of a Feather: The Informational Advantage of Being Alike

PETER BEDNAREK,  VALERIYA DINGER,  ALISON SCHULTZ,  NATALJA VON WESTERNHAGEN


Information Transparency of Firm Financing

ANTOINE L. NOËL,  HONGFEI SUN


Liquidity Crises and the Market-Maker of Last Resort

CHARLES M. KAHN,  DAVID MARSHALL,  ROBERT L. MCDONALD


Nonmonetary News in Fed Announcements: Evidence from the Corporate Bond Market

MICHAEL SMOLYANSKY,  GUSTAVO SUAREZ


Monetary Policy and the Drifting Natural Rate of Interest

SANDRA DAUDIGNON,  ORESTE TRISTANI


Monetary and Macroprudential Policy and Welfare in an Estimated Four-Agent New Keynesian Model

GEORGE J. BRATSIOTIS,  KASUN D. PATHIRAGE


Market Regulation, Cycles, and Growth Dynamics in a Monetary Union

MIRKO ABBRITTI,  SEBASTIAN WEBER


Tariffs and Foreign Direct Investment in a Dynamic North–South Model

TATSURO IWAISAKO,  HITOSHI TANAKA


Financial Stability with Fire Sale Externalities

RYUICHIRO IZUMI,  YANG LI


Fiscal Distress and Banking Performance: The Role of Macroprudential Regulation

HIONA BALFOUSSIA,  HARRIS DELLAS,  DIMITRIS PAPAGEORGIOU