This survey systematizes the rapidly growing literature on the influence of monetary policy
and macroprudential policy on the macroeconomy. It examines the impact of monetary …

In response to the Covid‐19 crisis, the European Central Bank (ECB) has relaunched a
massive asset purchase programme within its combined‐arms monetary strategy. This …

We examine whether the systematic response of monetary policy to financial imbalances
matters for financial stability. We measure how responsive the Federal Reserve's policy is to …

Using a previously validated agent-based model with fundamentalists and chartists, we
investigate the usefulness and impact of direct market intervention. The policy maker …

We investigate whether the dynamic response of aggregate consumption to monetary policy
depends on the distribution of household debt relative to income. Using UK loan-level …

Since the Global Financial Crisis of 2007–2009, economists are reconsidering the
appropriate role of monetary policy towards equity bubbles. This paper contributes to these …

This paper examines whether monetary policy reaction function matters for financial stability.
We measure how responsive the Federal Reserve's policy appears to be to imbalances in …

Purpose This paper aims to investigate whether negative and positive monetary policy (MP)
shocks have asymmetric impacts on corporate firms' investment decisions in Pakistan using …

The sustainability of stock price fluctuations indicated by many empirical studies hardly
reconciles with the existing models in standard financial theories. This paper proposes a …

We use a time-varying parameter dynamic factor model with stochastic volatility estimated
using Bayesian methods to disentangle the relative importance of the common component …