an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting … sovereign bond purchases on secondary markets, a stable relationship between bank lending rates and government bond rates is of … this relationship by focusing on the reaction of bank lending rates to movements in government bond rates over the period …

central bank money. After distinguishing RFA from cryptocurrencies and relating the proposal to discussions about narrow … inside money does not affect macroeconomic outcomes. I identify key conditions on bank and government (central bank …

We analyze policy in a two-tiered monetary system. Noncompetitive banks issue deposits while the central bank issues …

safeguarding an appropriate monetary policy transmission. Since the program aims at manipulating bank lending rates by conducting … sovereign bond purchases on secondary markets, a stable relationship between bank lending rates and government bond rates is of … this relationship by focusing on the reaction of bank lending rates to movements in government bond rates over the period …