This study shows that, in the United States, the effects of monetary policy on credit and housing markets have become … considerably stronger relative to the impact on GDP since the mid-1980s, while the effects on inflation have become weaker …. Macroeconomic stabilization through monetary policy may therefore have become associated with greater fluctuations in credit and …

case of prevailing inflation, there is a mismatch between the nominal interest rate that is a discounting factor for all …

type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank …

This paper examines the effects of Islamic banking on the causal linkages between credit and GDP by comparing two sets … analysis provides evidence of long-run causality running from credit to GDP in countries with Islamic banks only. This is …

question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …

affect inflation. Likewise, the interaction between central bank independence and coordination does not affect unemployment. …

We present new empirical evidence for the US economy that inflation reduces the inequality of the earnings distribution … higher inflation on income distribution is shown to be rather small. However, we find that a longer duration between two …

prototypical framework is that voters discount their memories about unemployment and inflation at a constant rate. Yet starting …