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A new perspective on Gaussian dynamic term structure models

Joslin, Scott; Singleton, Kenneth J.; Zhu, Haoxiang - In: The review of financial studies 24 (2011) 3, pp. 926-970

Persistent link: https://www.econbiz.de/10008934088

Fiscal policy, public debt and the term structure of interest rates : a stochastic general equilibrium macroeconomic analysis in continuous-time

Demmel, Roland - 1998

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Does easing monetary policy increase financial instability?

Cesa-Bianchi, Ambrogio; Rebucci, Alessandro - 2016

Persistent link: https://www.econbiz.de/10011494724

Does easing monetary policy increase financial instability?

Cesa-Bianchi, Ambrogio; Rebucci, Alessandro - 2015

Persistent link: https://www.econbiz.de/10011404549

Does easing monetary policy increase financial instability?

Cesa-Bianchi, Ambrogio; Rebucci, Alessandro - 2015

This paper develops a model featuring both a macroeconomic and a financial friction that speaks to the interaction between monetary and macro-prudential policies. There are two main results. First, real interest rate rigidities in a monopolistic banking system have an asymmetric impact on...