Tag Archives: Monetary Policy

Keeping at It, by Paul A. Volcker

Posted on April 2, 2020 by Francesc Rodríguez Tous

Paul Volcker, who died this last December at the age of 92, is some sort of almost demi-god among people interested in central banking, monetary policy, and banking regulation; in other words, people like me. I was hence extremely interested … Continue reading →

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Mankiw and Weinzierl 2011

Posted on August 21, 2017 by Francesc Rodríguez Tous

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

Posted on January 18, 2017 by Francesc Rodríguez Tous

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

Posted on December 3, 2014 by Francesc Rodríguez Tous

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

Posted on November 27, 2014 by Francesc Rodríguez Tous

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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