Bank balance sheet lending is commonly viewed as the predominant form of lending. We document and study two margins of … document the limits of the shadow bank substitution margin: shadow banks substitute for traditional—deposit-taking—banks in … quantitative consequences of several policies on lending volume and pricing, bank stability, and the distribution of consumer …

and central bank conservatism on economic performance. Several striking conclusions emerge. In relatively centralized … of central bank conservatism. A radical-populist central banker who cares not at all about inflation (alternatively, who …

In this paper, I discuss the implications for emerging countries of the adoption of central bank digital currencies …

understanding the process by which sterilized central bank interventions are observed and interpreted by traders, and how this …

-world developments have spawned a huge new scholarly literature on central bank communication -- mostly empirical, and almost all of it … and powerful part of the central bank's toolkit since it has the ability to move financial markets, to enhance the …