2026 - Volume 58, Issue 7

2026 - Volume 58, Issue 7

Taxation and Bank Liquidity Creation

ALLEN N. BERGER,  DIMITRIS K. CHRONOPOULOS,  ANNA L. SOBIECH,  JOHN O.S. WILSON


Joined at the Hip: Monetary and Fiscal Policy in a Liquidity-Dependent World

GUILLERMO A. CALVO,  ANDRÉS VELASCO


Heterogeneity in Manufacturing Growth Risk

DAAN OPSCHOOR,  DICK VAN DIJK,  PHILIP HANS FRANSES


Macroprudential Policy Interlinkages

JOHANNES MATSCHKE


Macroprudential Policy in the Euro Area

ÁLVARO FERNÁNDEZ-GALLARDO,  IVÁN PAYÁ


Financial Fragility and the Fiscal Multiplier

CHRISTIAAN VAN DER KWAAK,  SWEDER VAN WIJNBERGEN


CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective

PHILIPPE BACCHETTA,  ELENA PERAZZI

File

Asset Exemption in Bankruptcy, Access to and Cost of Credit

PASQUALINA ARCA,  GIANFRANCO ATZENI,  LUCA G. DEIDDA

File

Interest Rate Pegs and the Reversal Puzzle: On the Role of Anticipation

RAFAEL GERKE,  SEBASTIAN GIESEN,  DANIEL KIENZLER


The Case for Flexible Exchange Rates in 1953 and 1969: Friedman versus Johnson

George S. Tavlas