News-Driven Household Macroeconomic Expectations: Regional vs. National Telecast Information
Regulatory Capital Management to Exceed Thresholds
LUCIANA OROZCO, SILVINA RUBIO
Potential Output Pessimism and Austerity in the European Union
Does a Financial Crisis Impair Corporate Innovation?
MASAMI IMAI, MICHIRU SAWADA
Asset Exemption in Bankruptcy, Access to and Cost of Credit
PASQUALINA ARCA, GIANFRANCO ATZENI, LUCA G. DEIDDA
A Generalized Endogenous Grid Method for Default Risk Models
YOUNGSOO JANG, SOYOUNG LEE
Bank Opacity and Safe Asset Moneyness
The Impact of Regulatory Stress Tests on Banks' Portfolio Similarity and Implications for Systemic Risk
FALK BRÄUNING, JOSÉ L. FILLAT
Optimal Notional Defined Contributions
CARLOS E. DA COSTA, MARCELO R. SANTOS
Stress Tests, Information Disclosure, and Credit Line Runs
JOSE E. GUTIERREZ, LUIS FERNÁNDEZ LAFUERZA
Cheap U.S. Dollar Credit: Panacea or Poison? Firm-Level Evidence from Emerging Markets
XIAO WANG, STEVE PAK YEUNG WU, HAICHUN YE
Are Risky Banks Disciplined by Large Corporate Depositors?
BJÖRN IMBIEROWICZ, ANTHONY SAUNDERS, SASCHA STEFFEN
On Adjusting the One-Sided Hodrick–Prescott Filter
ELIAS WOLF, FRIEDER MOKINSKI, YVES SCHÜLER
Dampening the Financial Accelerator? Direct Lenders and Monetary Policy
RYAN BANERJEE, JOSE-MARIA SERENA
Pollution Permits and Financing Costs
FABIO ANTONIOU, MANTHOS D. DELIS, STEVEN ONGENA, CHRIS TSOUMAS
Hampered Monetary Policy Transmission - A Supply-Side Story?
LOTTA HECKMANN-DRAISBACH, JULIA HARDT
Quantitative Easing and Direct Lending in Response to the COVID-19 Crisis
Impact of Uncertainty Shocks on Income and Wealth Inequality
SANGYUP CHOI, JEEYEON PHI
Fiscal Policy, International Spillovers, and Endogenous Productivity
MATHIAS KLEIN, LUDGER LINNEMANN
Costs of Adjustment, Portfolio Separation, and the Dynamic Behavior of Bank Loans and Deposits – Revised
Michael Sigmund, Johannes Wächtler
A New Indicator of Common Wage Inflation
HIE JOO AHN, HAN CHEN, MICHAEL KISTER
Inflation Expectation Uncertainty in a New Keynesian Framework
ANGELA FUEST, TORSTEN SCHMIDT
Has the Euro Paid Off? A Study of the Trade-Induced Welfare Effects of the EMU
Silviano Esteve-Pérez, Salvador Gil-Pareja, Rafael Llorca-Vivero, Jordi Paniagua
Familiarity Breeds Contagion∗
SUMIT AGARWAL, ADITYA MURLIDHARAN, NAMAN NISHESH, PRASANNA TANTRI
Central Bank Independence at Low Interest Rates
BENJAMÍN GARCÍA, ARSENIOS SKAPERDAS
Tariffs and Foreign Direct Investment in a Dynamic North–South Model
TATSURO IWAISAKO, HITOSHI TANAKA
Proximity to War: The Stock Market Response to the Russian Invasion of Ukraine
JONATHAN FEDERLE, ANDRÉ MEIER, GERNOT J. MÜLLER, VICTOR SEHN
Investor Sentiment, Managerial Manipulation, and Stock Returns
JIAJUN JIANG, QI LIU, BO SUN
Best Before? Expiring Central Bank Digital Currency and Loss Recovery
CHARLES M. KAHN, MAARTEN R.C. VAN OORDT, YU ZHU
Generalizing Determinacy under Monetary and Fiscal Policy Switches: The Case of the Zero Lower Bound
SEONGHOON CHO, ANTONIO MORENO
Central Bank Independence and Inflation in Latin America—Through the Lens of History
LUIS I. JÁCOME, SAMUEL PIENKNAGURA
Deposit Competition and Mortgage Securitization
DANNY MCGOWAN, HUYEN NGUYEN, KLAUS SCHAECK
How Do Housing Markets Affect Local Consumer Prices?: Evidence from U.S. Cities
CHI-YOUNG CHOI, SOOJIN JO
Monetary Policy and Government Debt
NICOLAS CARAMP, ETHAN FEILICH
Decomposing Supply- and Demand-Driven Inflation
Does Regulation Only Bite the Less Profitable? Evidence from the Too-Big-To-Fail Reforms
TIRUPAM GOEL, ULF LEWRICK, AAKRITI MATHUR
(In)Stability of the Relationship between Relative Expenditure and Price of Durable and Nondurable Goods
VIPUL BHATT, N. KUNDAN KISHOR
Nonconforming Preferences: Jumbo Mortgage Lending and Large Bank Stress Tests
ANDREW HAUGHWOUT, DONALD MORGAN, MICHAEL NEUBAUER, MAXIM PINKOVSKIY, WILBERT VAN DER KLAAUW
Measuring the Impact of Unconventional Monetary Policies on the U.S. Banking and Bond Markets at the Lower Bound
Market Regulation, Cycles, and Growth Dynamics in a Monetary Union
MIRKO ABBRITTI, SEBASTIAN WEBER
Exchange Rates and Prices in the Netherlands and Britain over the Past Four Centuries
JAMES R. LOTHIAN, JOHN DEVEREUX
Forward Guidance under Imperfect Information
EZGI KURT
Market-Triggered Contingent Capital with Incomplete Information
TOBIAS BERG, EVA SCHLIEPHAKE
Do Foreign Yield Curves Predict U.S. Recessions and GDP Growth?
RASHAD AHMED, MENZIE D. CHINN
Social Media Emotions and IPO Returns
Aggregate Risk and Lending Decisions in the Interbank Market
ANUAR BECHARA, ALEJANDRO BERNALES, CARLOS CAÑÓN, NICOLÁS GARRIDO
Earn More Tomorrow: Overconfidence, Income Expectations, and Consumer Indebtedness
ANTONIA GROHMANN, LUKAS MENKHOFF, CHRISTOPH MERKLE, RENKE SCHMACKER
Monetary Policy and Welfare with Heterogeneous Firms and Endogenous Entry
DUDLEY COOKE, TATIANA DAMJANOVIC
Reconsidering the Fed's Inflation Forecasting Advantage
AMY Y. GUISINGER, MICHAEL W. MCCRACKEN, MICHAEL T. OWYANG
Political Uncertainty and the Geographic Allocation of Credit: Evidence from Small Businesses
GERALDO CERQUEIRO, ANA MÃO-DE-FERRO, MARÍA FABIANA PENAS
The Global Transmission of Real Economic Uncertainty
JUAN M. LONDONO, SAI MA, BETH ANNE WILSON
The Macroeconomic Expectations of U.S. Managers
ETHAN M.L. McCLURE, VITALIIA YAREMKO, OLIVIER COIBION, YURIY GORODNICHENKO
Moral Constraints, Social Norm Enforcement, and Strategic Default in Weak and Strong Economic Conditions
MARTIN BROWN, JAN SCHMITZ, CHRISTIAN ZEHNDER
Fiscal Policy, Government Ideology, and Economic Activity: Evidence from OECD Countries
On the Welfare Costs of Perceptions Biases
The Effects of Fiscal Measures during COVID-19
PRAGYAN DEB, DAVIDE FURCERI, JONATHAN D. OSTRY, NOUR TAWK, NAIHAN YANG
Correspondent Banking, Systemic Risk, and the Panic of 1893
CHRISTOPHER COTTER, PETER L. ROUSSEAU
The Case for Flexible Exchange Rates in 1953 and 1969: Friedman versus Johnson
Aggregate Dynamics with Sectoral Price Stickiness Heterogeneity and Aggregate Real Shocks
ALESSANDRO FLAMINI, IFTEKHAR HASAN
Proximity to Bank Headquarters and Branch Efficiency: Evidence from Mortgage Lending
IVAN LIM, DUC DUY NGUYEN, LINH NGUYEN, JOHN O.S. WILSON
Oil Strikes Back: Trend Factors and Exchange Rates
LIYAN HAN, YANG XU, QUNZI ZHANG, XIAONENG ZHU
Determinants of the Credit Cycle: A Flow Analysis of the Extensive Margin
VINCENZO CUCINIELLO, NICOLA DI IASIO
The Interaction between Credit Constraints and Uncertainty Shocks
PRATITI CHATTERJEE, DAVID GUNAWAN, ROBERT KOHN
Household Income, Portfolio Choice, and Heterogeneous Consumption Responses to Monetary Policy Shocks
Inflation—Who Cares? Monetary Policy in Times of Low Attention
Measuring Monetary Policy Shocks in Emerging Economies: Evidence from India
AEIMIT LAKDAWALA, RAJESWARI SENGUPTA
Intensive and Extensive Margins of Labor Supply in HANK: Aggregate and Disaggregate Implications
Price Stickiness Heterogeneity and Equilibrium Determinacy
JAE WON LEE, WOONG YONG PARK
Social Learning and Monetary Policy at the Effective Lower Bound
JASMINA ARIFOVIC, ALEX GRIMAUD, ISABELLE SALLE, GAUTHIER VERMANDEL
Foreign Exchange Intervention: A Data Set of Official Data and Estimates
GUSTAVO ADLER, KYUN SUK CHANG, RUI C. MANO, YUTING SHAO
The Role of Macro-Economic Policy in Explaining China's Current Account Surplus
The Deflationary Bias of the ZLB and the FED's Strategic Response
ADRIAN PENALVER, DANIELE SIENA
Caution: Do Not Cross! Distance to Regulatory Capital Buffers and Corporate Lending in a Downturn
CYRIL COUAILLIER, MARCO LO DUCA, ALESSIO REGHEZZA, COSTANZA RODRIGUEZ D'ACRI
The Rationality Bias
TIM HAGENHOFF, JOEP LUSTENHOUWER, MIKE TSIONAS
Identifying the Depreciation Rate of Durables from Marginal Spending Responses
JIN CAO, CHAO CUI, VALERIYA DINGER, MARTIN B. HOLM, SHULONG KANG
The Effects of Regulatory Office Closures on Bank Behavior
IVAN LIM, JENS HAGENDORFF, SETH ARMITAGE
Digging Deeper—Evidence on the Effects of Macroprudential Policies from a New Database
ZOHAIR ALAM, ADRIAN ALTER, JESSE EISEMAN, GASTON GELOS, HEEDON KANG, MACHIKO NARITA, ERLEND NIER, NAIXI WANG
Determinacy and E-Stability with Interest Rate Rules at the Zero Lower Bound
YUNJONG EO, NIGEL MCCLUNG
Precautionary Money Demand in a Cash-in-Advance Model
A Test of the Permanent Income Hypothesis When Households are Less Constrained
EMMA AISBETT, MARKUS BRUECKNER, RALF STEINHAUSER, RHETT WILCOX
Financial Development and Innovation: The Role of Market Structure
XIAOYANG ZHU, JAEBEOM KIM
How Well Does Uncertainty Forecast Economic Activity?
What Do (and Don't) Forecasters Know About U.S. Inflation?
Contingent Contracts in Banking: Insurance or Risk Magnification?
Gross Worker Flows over the Life Cycle
TOMAZ CAJNER, İLHAN GÜNER, TOSHIHIKO MUKOYAMA
Forbearance versus Foreclosure in a General Equilibrium Model
BIANCA BARBARO, PATRIZIO TIRELLI
The Matching Function and Nonlinear Business Cycles
JOSHUA BERNSTEIN, ALEXANDER W. RICHTER, NATHANIEL A. THROCKMORTON
Can Repatriation Tax Holidays Teach Us Something About Monetary Policy Transmission?
Flight to Safety or Liquidity? Dissecting Liquidity Shortages in the Financial Crisis
Money and Credit Coexistence, Excess Capacity, and the Size of Monetary Aggregates
Reservation Rates in Interbank Money Markets
The Effects of Fiscal Policy When Planning Horizons are Finite
JOEP LUSTENHOUWER, KOSTAS MAVROMATIS
Spatial Dependence via the Internal Capital Markets of U.S. Global Banks
CARMELA D'AVINO, MIMOZA SHABANI
Media Treatment of Monetary Policy Surprises and Their Impact on Firms' and Consumers' Expectations
JULIEN PINTER, EVŽEN KOČENDA
Monetary and Macroprudential Policy and Welfare in an Estimated Four-Agent New Keynesian Model
GEORGE J. BRATSIOTIS, KASUN D. PATHIRAGE
Housing Boom-Bust Cycles and Asymmetric Macroprudential Policy
R&D, Market Power, and the Cyclicality of Employment
ULUC AYSUN, MELANIE GULDI, ADAM HONIG, ZEYNEP YOM
Countercyclical Capital Buffers: A Cautionary Tale
CHRISTOFFER KOCH, GARY RICHARDSON, PATRICK VAN HORN
Owner-Occupied Housing, Inflation, and Monetary Policy
ROBERT J. HILL, MIRIAM STEURER, SOFIE R. WALTL
Government Spending, Debt Management, and Wealth and Income Inequality in a Growing Monetary Economy
YOICHI GOKAN, STEPHEN J. TURNOVSKY
How Do Mortgage Rate Resets Affect Consumer Spending and Debt Repayment? Evidence from Canadian Consumers
KATYA KARTASHOVA, XIAOQING ZHOU
Is Macroprudential Policy Instrument Blunt? Empirical Analysis Based on Japan's Experience from the 1970s to the 1990s
KATSURAKO SONODA, NAO SUDO
Illiquidity, R&D Investment, and Stock Returns
SHAMIM AHMED, ZIWEN BU, XIAOXIA YE
Beyond the LTV Ratio: Lending Standards, Regulatory Arbitrage, and Mortgage Default
JORGE E. GALÁN, MATÍAS LAMAS
Portfolio Selection under Systemic Risk
WEIDONG LIN, JOSE OLMO, ABDERRAHIM TAAMOUTI
A New Approach to Estimating the Natural Rate of Interest
