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Financial stability considerations for monetary policy : empirical evidence and challenges

Boyarchenko, Nina; Favara, Giovanni; Schularick, Moritz - 2022

Persistent link: https://www.econbiz.de/10013175539

Inflation and deflationary biases in inflation expectations

Lamla, Michael; Pfajfar, Damjan; Rendell, Lea - 2019

We explore the consequences of losing confidence in the price-stability objective of central banks by quantifying the inflation and deflationary biases in inflation expectations. In a model with an occasionally binding zero-lower-bound constraint, we show that an inflation bias as well as a...

Persistent link: https://www.econbiz.de/10012181222

The costs and benefits of liquidity regulations : lessons from an idle monetary policy tool

Curfman, Christopher J.; Kandrac, John - 2019

We investigate how liquidity regulations affect banks by examining a dormant monetary policy tool that functions as a … liquidity regulation. Our identification strategy uses a regression kink design that relies on the variation in a marginal high … credit supply. Liquidity requirements also depress banks' profitability, though some of the regulatory costs are passed on to …

Persistent link: https://www.econbiz.de/10012181216