We compare the duration and performance of different monetary regimes, especially the contrast between countries those … targeting began only in 1990, the duration of inflation targeting regimes is at least as long as, or longer than all alternative … monetary regimes for comparable countries. Regime duration also matters in monetary policy; older regimes are typically more …

In this paper we investigate the role of credit institutions in transmitting monetary shocks to the domestic economy … between monetary injections that take place via lump-sum transfers to individuals and those that involve increased credit to … credit, but an increase in the steady state level of monetary transfers reduces the level of output. …

differences in the relative importance of banking credit within the total amount of credit intermediated through banks and bond …This paper compares the behavior of Euro-Area (EA) banks’ credit and reserves with those of US banks following … substantially higher than previously believed, in the EA). The paper shows that, although the behavior of banks’ credit following …

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This … paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of …

end in sight. In this short paper we assess empirically what determines the duration of trade negotiations, focusing on …