monetary policy mandate and financial stability under the macroprudential policy mandate. Therefore, it is possible for central … various domestic and foreign assets held by central banks for non-monetary and monetary policy objectives. This paper provides …

this risk-taking channel implies for optimal monetary policy in a tractable New Keynesian model. We show that this channel … optimal. We then quantify the significance of the risk-taking channel for monetary policy in an estimated medium …

We study how income inequality affects monetary policy through the inequality-household debt channel. We design a …

should monetary policy react during such transition? Using a New-Keynesian model with an energy and a goods sector, we show … wages and goods prices are rigid, a flexible energy price and a monetary policy rule that sees through energy-price changes … aggressive and/or monetary policy ill suited. During the green transition, it is optimal for monetary policy to see through the …

coverage of high-frequency identified monetary policy announcements on households' inflation expectations in an event study and … a generalized Difference-in-Differences approach with stacked data. If a monetary policy decision receives news coverage …' monetary policy announcements, which are primarily informational in nature, leads to an inverse adjustment, i.e., expansionary …

We study the transmission of monetary policy in the presence of heterogeneous households and examine the implications … when the share of constrained households is a function of monetary policy. We build an analytically tractable heterogeneous … agent New Keynesian model (THANK) with an endogenous share of hand-to-mouth households. The transmission of monetary policy …