The aim of this study is to analyze the role and explain the relationship between quantitative easing (and) the US stock market growth 1870-2020. We use spectral analysis and spectral Granger causality to explore the link. Empirical results show a high degree of coherence between quantitative...

We consider how fear of model misspecification on the part of the planner and/or the households affects welfare gains from optimal macroprudential taxes in an economy with occasionally binding collateral constraints as in Bianchi (2011). On the one hand, there exist welfare gains from...