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Managing the transition to central bank digital currency
Assenmacher-Wesche, Katrin; Ferrari, Massimo Minesso; … - 2024
We develop a two-country DSGE model with financial frictions to study the transition from a steady-state without CBDC to one in which the home country issues a CBDC. The CBDC provides households with a liquid, convenient and storage-cost-free means of payments which reduces the market power of...
Persistent link: https://www.econbiz.de/10014483176
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The economics of central bank digital currency
Ahnert, Toni; Assenmacher-Wesche, Katrin; Hoffmann, Peter; … - 2022
Persistent link: https://www.econbiz.de/10013414611
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Macroprudential policy and the role of institutional investors in housing markets
Muñoz, Manuel A.; Smets, Frank - 2022
Persistent link: https://www.econbiz.de/10013281432
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Effects of state-dependent forward guidance, large-scale asset purchases and fiscal stimulus in a low-interest-rate environment
Coenen, Günter; Montes-Galdon, Carlos; Smets, Frank - 2021
Persistent link: https://www.econbiz.de/10012500069
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The effectiveness of a negative interest rate policy
Onofri, Marco; Peersman, Gert; Smets, Frank - 2021
Persistent link: https://www.econbiz.de/10012523131
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The optimal quantity of CBDC in a bank-based economy
Burlon, Lorenzo; Montes-Galdon, Carlos; Muñoz, Manuel A.; … - 2022
Persistent link: https://www.econbiz.de/10012806336
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Banking supervision, monetary policy and risk-taking : big data evidence from 15 credit registers
Altavilla, Carlo; Boucinha, Miguel; Peydró, José-Luis; … - 2020
Persistent link: https://www.econbiz.de/10012197882
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Monetary policy with profit-driven inflation
Kharroubi, Enisse; Smets, Frank - 2024
Persistent link: https://www.econbiz.de/10014512001
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System-wide dividend restrictions : evidence and theory
Ampudia, Miguel; Muñoz, Manuel A.; Smets, Frank; Van … - 2023
Persistent link: https://www.econbiz.de/10014368585