Tag Archives: Monetary Policy

Mankiw and Weinzierl 2011

While working on a project in its very early stages, I stumbled upon this paper by Mankiw and Weinzierl from 2011 in the Brookings Papers of Economic Activity. It is a very simple macro model with monetary and fiscal policy … Continue reading

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QE – The story so far

Three months ago, Andy Haldane came to Cass to give the Dean’s Lecture. The lecture was about Quantitative Easing. It is now available on Youtube here, so enjoy! The working paper version of this work can be found here.

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Monetary Policy and Risk-Taking

In the last post we saw that Jiménez et al. (2012) showed that banks react to a monetary policy expansion by increasing credit supply, and that is particularly strong for ‘weaker’ banks. This is what it is known as the ‘lending … Continue reading

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Monetary Policy and Credit Supply

In the last post I discussed the ‘new empirical banking literature’. I explained that the main advance of this literature is to control for any firm heterogeneity, which determines most of the credit demand. They can do that because they … Continue reading

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