riskiness of counter parties and issuers is endogenous to the central bank's credit policies and related risk control framework …

A crucial but often ignored element of inflation expectations is the amount of perceived inflation risk. This paper …

Recent interest in 'Risk Management' has highlighted the relevance of Bayesian analysis for robust monetary …

Using regionally disaggregated data on economic activity, we show that risk sharing plays a key role in shaping the … real effects of monetary policy. With weak risk sharing, monetary policy shocks trigger a strong and durable response in … output. With strong risk sharing, the response is attenuated, and output reverts to its initial level over the medium term …