Discussion paper DP17495 The Effect of Macroeconomic Uncertainty on Firm Decisions Saten Kumar Yuriy Gorodnichenko 23 Jul 2022 Monetary Policy Uncertainty Firm decisions Surveys Randomized control trial Monetary Economics and Fluctuations E3 E4 E5
Discussion paper DP17485 How Robust are Robust Measures of PCE Inflation? Sergio Ocampo Raphael Schoenle 21 Jul 2022 Monetary Economics and Fluctuations E3 E5 E6
Discussion paper DP16439 Safe asset shortage and collateral reuse Stephan Jank Emanuel Moench Michael Schneider 27 Jun 2022 Safe assets Government bonds Collateral reuse Rehypothecation Repo market Securities lending Financial Economics E4 E5 G1 G2
Discussion paper DP17406 The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications Michael Weber Francesco D'Acunto Yuriy Gorodnichenko Olivier Coibion 25 Jun 2022 Monetary Economics and Fluctuations D1 D2 D8 D9 E2 E3 E4 E5 E7 J1
Discussion paper DP17384 Did the global financial crisis and the pandemic induce persistent deflation avoidance in major central banks? Alex Cukierman 13 Jun 2022 Recession avoidance inflation Policy rates in aftermath of pandemic and global financial crisis International Macroeconomics and Finance Monetary Economics and Fluctuations E5 E4 E3 F3
Discussion paper DP17337 Money Markets and Bank Lending: Evidence from the Tiering Adoption Carlo Altavilla Miguel Boucinha Lorenzo Burlon Mariassunta Giannetti Julian Schumacher 29 May 2022 Money market Bank lending Negative interest rate policy Financial Economics Monetary Economics and Fluctuations G2 E5
Discussion paper DP17280 Quantitative Easing and Corporate Innovation Niklas Grimm Luc Laeven Alexander Popov 5 May 2022 Corporate innovation Real effects Unconventional monetary policy Asset purchases Monetary Economics and Fluctuations E5 G10 O3
Discussion paper DP16907 Liquidity, liquidity everywhere, not a drop to use - Why flooding banks with central bank reserves may not expand liquidity Viral Acharya Raghuram Rajan 27 Apr 2022 Quantitative easing Central bank balance sheet Financial stability Repo rate spike Liquidity hoarding Liquidity dependence Margin requirements Capital requirements Financial Economics Monetary Economics and Fluctuations G01 G2 E5
Discussion paper DP16998 Price Setting with Strategic Complementarities as a Mean Field Game Francesco Lippi Fernando Alvarez Panagiotis Souganidis 3 Feb 2022 Monetary economics Sticky prices Strategic complementarities Dynamic equilibria Mean field games Singular stochastic control International Macroeconomics and Finance Monetary Economics and Fluctuations E3 E5
Discussion paper DP16729 Zero Lower Bound on Inflation Expectations Yuriy Gorodnichenko Dmitriy Sergeyev 16 Nov 2021 Inflation expectations Non-rational beliefs Survey data International Macroeconomics and Finance Monetary Economics and Fluctuations E5 E7 G4
Discussion paper DP16722 Rethinking Exchange Rate Regimes Ethan Ilzetzki Carmen Reinhart Kenneth Rogoff 13 Nov 2021 Exchange rate regimes International monetary system Capital controls Anchor currencies Exchange rate volatility Triffin dilemma International Macroeconomics and Finance E5 F3 F4 N2
Discussion paper DP16626 Empirical Investigation of a Sufficient Statistic for Monetary Shocks Fernando Alvarez Andrea Ferrara Erwan Gautier Hervé Le Bihan Francesco Lippi 9 Oct 2021 Impulse response functions Monetary shocks Generalized hazard function Sticky prices Sufficient statistic International Macroeconomics and Finance Monetary Economics and Fluctuations E3 E5