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.
Topic Archive: Monetary Policy
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.
Narrow Banking with Modern Depository Institutions
Hugo Rodríguez shows how narrow banking could be implemented without affecting intermediation by depository institutions.
Summer reading: VoxEU Roundup 2
This is the second of two roundups of VoxEU articles written by Barcelona GSE researchers.
