criticized for failing to explain common trends in money growth and inflation, and that therefore money should be used as a cross … the possibility of persistent central bank misperceptions. Such misperceptions motivate the search for policies that … significant cross-check with monetary information, when the New-Keynesian model is the central bank’s preferred model. The cross …

Money demand is probably one of the most extensively studies economic relationships in applied economics. While useful …

We find evidence of a bank lending channel for the euro area operating via bank risk.Financial innovation and the new … ways to transfer credit risk have tended to diminishthe informational content of standard bank balance-sheet indicators. We … indicators (i.e. size, liquidity and capitalization), traditionallyused in the bank lending channel literature to assess a bank …

We find evidence of a bank lending channel for the euro area operating via bank risk. Financial innovation and the new … ways to transfer credit risk have tended to diminish the informational content of standard bank balance-sheet indicators …. We show that bank risk conditions, as perceived by financial market investors, need to be considered, together with the …

of collateralized risky debt. The presence of moral hazard creates a link between the volatility in bank asset returns … and bank leverage. We find that, while standard TFP shocks fail to replicate the volatility and cyclicality of leverage …