Do firms' and consumers' expectations react to central bank announcements? Past literature has come to divergent …

This paper studies the causal effect of inflation literacy on inflation expectations and trust in the central bank … bank. It also causes a higher likelihood that respondents provide inflation predictions, but does not affect the level of … reported forecast uncertainty and trust in the central bank. …

Because of secrecy, little is known about the political economy of central bank lending. Utilizing a novel, hand … unprecedented government bailout of the central bank, and resulted in loss of shareholder control over the central bank. …

We analyze the impact of introducing a central bank-issued digital currency (CBDC) on the operational framework of … frictional interbank market, a central bank with deposit and lending facilities, and household preferences for different liquid …" has a rather small effect on bank lending to the real economy, and hence on aggregate investment and GDP. This result …

hawkish central-bank stance on inflation expands the stability region of the system, which however remains bounded. On the …