Tag: Interest Rates

Monetary Policy, Macroprudential Regulation and Inequality

| 12 April 2017
Discussion Notes, Monetary | Tags: Inequality, Interest Rates, Macroprudential Regulation
The 2008 global financial crisis profoundly changed the role of central banks in the economy. First, central banks engaged in strong expansionary monetary policy, using new unconventional tools to boost economic activity. Second, they were key to containing financial instability, which led them to implement ... continue reading

Aggregate and Distributive Effects of Unconventional Monetary Policies

Upcoming: 9-10 November, 2017
Monetary, Workshops | Tags: Inequality, Inflation, Interest Rates, QE
Co-organized with the Swiss National Bank and the Study Center Gerzensee ... continue reading

Central Banking, Climate Change and Environmental Sustainability

14-15 November 2016
Monetary, Workshops | Tags: Climate, Environment, Financial Stability, Interest Rates, Macroprudential
Co-organized with the Bank of England ... continue reading

Monetary Policy, Macroprudential Regulation and Inequality

3-4 October 2016
Monetary, Workshops | Tags: Financial Stability, Inequality, Inflation, Interest Rates, Macroprudential, QE
Co-organized with the International Monetary Fund ... continue reading

Monetary Policy According to HANK

, and | 10 March 2016
Monetary, Working Papers | Tags: Inequality, Interest Rates
We revisit the transmission mechanism of monetary policy for household consumption in a Heterogeneous Agent New Keynesian (HANK) model. The model yields empirically realistic distributions of household wealth and marginal propensities to consume because of two key features: multiple assets with different degrees of liquidity ... continue reading