Narrow Banking with Modern Depository Institutions
Hugo Rodríguez shows how narrow banking could be implemented without affecting intermediation by depository institutions.
Topic Archive: Monetary Policy
Summer reading: VoxEU Roundup 2
This is the second of two roundups of VoxEU articles written by Barcelona GSE researchers.
Summer reading: VoxEU Roundup 1
Researchers in the Barcelona GSE community have written several widely-read articles on CEPR’s policy portal, VoxEU.
Start the presses: reconsidering a money-financed fiscal stimulus
The idea of financing a fiscal stimulus with money creation has long been a taboo and disregarded as a policy option. But is this justified? Jordi Galí investigates the effects of a government engaging in just such a stimulus as compared with a debt-financed stimulus.
