Banking Panic Risk and Macroeconomic Uncertainty
JOHANNES POESCHL, JAKOB G. MIKKELSEN
Precision of Public Information Disclosures, Banks' Stability, and Welfare
DIEGO MORENO, TUOMAS TAKALO
Does Dividend Policy Lead the Economy?
PAULO MAIO
What Drives Inventory Accumulation? News on Rates of Return and Marginal Costs
CHRISTOPH GÖRTZ, CHRISTOPHER GUNN, THOMAS A. LUBIK
Asymmetric Effects of Monetary Policy on Firms
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
DOMONKOS F. VAMOSSY
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
RAPHAELLE G. COULOMBE
On the Welfare Costs of Perceptions Biases
HUGH MONTAG
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
George S. Tavlas
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
FUMITAKA NAKAMURA
Inflation—Who Cares? Monetary Policy in Times of Low Attention
OLIVER PFÄUTI
Market Freezes
CHAO GU, GUIDO MENZIO, RANDALL WRIGHT, YU ZHU
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
EUNSEONG MA
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
The Effect of Job Loss on Bank Account Ownership
RYAN M. GOODSTEIN, MARK J. KUTZBACH
Trade-Off Theory for Dual Holders
SNORRE LINDSET, GUTTORM NYGÅRD, SVEIN-ARNE PERSSON
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
SERGIO SALAS
A Test of the Permanent Income Hypothesis When Households are Less Constrained
EMMA AISBETT, MARKUS BRUECKNER, RALF STEINHAUSER, RHETT WILCOX
Unconventional Monetary Policy and Long-Term Interest Rates
TAO WU
Financial Development and Innovation: The Role of Market Structure
XIAOYANG ZHU, JAEBEOM KIM
How Well Does Uncertainty Forecast Economic Activity?
JIAWEN XU, JOHN ROGERS
What Do (and Don't) Forecasters Know About U.S. Inflation?
JANE RYNGAERT
Contingent Contracts in Banking: Insurance or Risk Magnification?
HANS GERSBACH
Did High Leverage Render Small Businesses Vulnerable to the COVID-19 Shock?
FALK BRÄUNING, JOSÉ L. FILLAT, J. CHRISTINA WANG
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
Estimating a Behavioral New Keynesian Model with the Zero Lower Bound
YASUO HIROSE, HIROKUNI IIBOSHI, MOTOTSUGU SHINTANI, KOZO UEDA
The Matching Function and Nonlinear Business Cycles
JOSHUA BERNSTEIN, ALEXANDER W. RICHTER, NATHANIEL A. THROCKMORTON
Parameterizing Debt Maturity
PHILIP BARRETT, CHRISTOPHER JOHNS
Can Repatriation Tax Holidays Teach Us Something About Monetary Policy Transmission?
ESTEBAN ARGUDO
From Fixed-Event to Fixed-Horizon Density Forecasts: Obtaining Measures of Multihorizon Uncertainty from Survey Density Forecasts
GERGELY GANICS, BARBARA ROSSI, TATEVIK SEKHPOSYAN
Flight to Safety or Liquidity? Dissecting Liquidity Shortages in the Financial Crisis
FENG DONG, YI WEN
Geopolitical Risk and Investment
XINJIE WANG, YANGRU WU, WEIKE XU
Money and Credit Coexistence, Excess Capacity, and the Size of Monetary Aggregates
ALESSANDRO MENNUNI
The Impact of Credit Market Sentiment Shocks
MAXIMILIAN BOECK, THOMAS O. ZÖRNER
Reservation Rates in Interbank Money Markets
EDOARDO RAINONE
Hello from the Other Side: Both Government Liabilities and Assets Matter for Sovereign Risk
JEMIMA PEPPEL-SREBRNY
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
Monetary Policy and Mispricing in Stock Markets
BENJAMIN BECKERS, KERSTIN BERNOTH
Real Interest Rates and Population Growth across Generations
LUCAS FUHRER, NILS HERGER
Media Treatment of Monetary Policy Surprises and Their Impact on Firms' and Consumers' Expectations
JULIEN PINTER, EVŽEN KOČENDA
Oil Shocks, External Adjustment, and Country Portfolio
LIUGANG SHENG, HONGYAN ZHAO
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
William Gatt
R&D, Market Power, and the Cyclicality of Employment
ULUC AYSUN, MELANIE GULDI, ADAM HONIG, ZEYNEP YOM
Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?
KATHARINA BERGANT, FRANCESCO GRIGOLI, NIELS-JAKOB HANSEN, DAMIANO SANDRI
Does the Government Spending Multiplier Depend on the Business Cycle?
SEBASTIAN LAUMER, COLLIN PHILIPPS
Countercyclical Capital Buffers: A Cautionary Tale
CHRISTOFFER KOCH, GARY RICHARDSON, PATRICK VAN HORN
The Size Distribution of the Banking Sector and Financial Fragility
JIAHONG GAO, ROBERT R. REED
The Quality-Weighted Matching Function: Did the German Labor Market Reforms Trade-Off Efficiency against Job Quality?
HERMANN GARTNER, THOMAS ROTHE, ENZO WEBER
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
Wealth, Portfolios, and Nonemployment Duration
FRANÇOIS FONTAINE, JANNE NYBORG JENSEN, RUNE VEJLIN
How Do Mortgage Rate Resets Affect Consumer Spending and Debt Repayment? Evidence from Canadian Consumers
KATYA KARTASHOVA, XIAOQING ZHOU
Argument by False Analogy: The Mistaken Classification of Bitcoin as Token Money
ALISTAIR MILNE
Is Macroprudential Policy Instrument Blunt? Empirical Analysis Based on Japan's Experience from the 1970s to the 1990s
KATSURAKO SONODA, NAO SUDO
Corruption Control, Financial Development, and Growth Volatility: Cross-Country Evidence
PHILIPP STRUTHMANN, YABIBAL M. WALLE, HELMUT HERWARTZ
Monetary Policy and Net Exports Externalities in the Small Open Economy
JAE HUN SHIM
Illiquidity, R&D Investment, and Stock Returns
SHAMIM AHMED, ZIWEN BU, XIAOXIA YE
On the Controversy over the Origins of the Chicago Plan for 100% Reserves: Sorry, Frederick Soddy, it was Knight and (Most Probably) Simons!
GEORGE S. TAVLAS
Competitive Effects of IPOs: Evidence from Chinese Listing Suspensions
FRANK PACKER, MARK M. SPIEGEL
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
Competition and Bank Payout Policy
AMEDEO DE CESARI, DUDLEY GILDER, WINIFRED HUANG, ENRICO ONALI
Credit Markets with Time-Inconsistent Agents and Strategic Loan Default
JOYDEEP BHATTACHARYA, MONISANKAR BISHNU, MIN WANG
Real Interest Rates, Bank Borrowing, and Fragility
TONI AHNERT, KARTIK ANAND, PHILIPP JOHANN KÖNIG
Tax Austerity: Does It Avert Solvency Crises?
CHRISTOS SHIAMPTANIS
The Bright and Dark Sides of a Central Bank's Financial Support to Local Banks after a Natural Disaster: Evidence from the Great Kanto Earthquake, 1923 Japan
TETSUJI OKAZAKI, TOSHIHIRO OKUBO, ERIC STROBL
Fiscal Stimulus of Last Resort
Alessandro Piergallini
A New Approach to Estimating the Natural Rate of Interest
LUCA BENATI