Ultra-low Monetary Policy Rates and Bank Profitability in the Euro Area
Carlo Altavilla, Miguel Boucinha and José-Luis Peydró investigate the impact of conventional and unconventional monetary policy on bank profitability.
Topic Archive: Monetary Policy
Video: Economic Fluctuations, Productivity Growth and Stabilization Policies: A Keynesian Growth Perspective (ERC Starting Grant)
Luca Fornaro discusses his ERC Starting Grant project in this short video
Forward guidance and the exchange rate
Jordi Galí finds that the impact of forward guidance on exchange rates poses a stiff challenge for existing theoretical models.
Designing a Simple Loss Function for Central Banks: Does a Dual Mandate Make Sense?
Davide Debortoli, Jinill Kim, Jesper Lindé, and Ricardo Nunes argue that stabilizing measures of economic activity should be one of the primary objectives of central banks, in some cases even more important than stabilizing inflation.
