Volume 10, Issue 2

Financial Frictions and Macroprudential Policy

Michal Brzoza-Brzezina

Financial Stability and Monetary Policy: How Closely Interlinked?

Frank Smets

Do Inflation-Targeting Central Banks Implicitly Target the Price Level?

Francisco Ruge-Murcia

Are Long-Term Inflation Expectations Well Anchored in Brazil, Chile, and Mexico?

Michiel De Pooter, Patrice Robitaille, Ian Walker and Michael Zdinak

Introduction

Establishing and Maintaining a Firm Nominal Anchor

Andrew Levin

Opening remarks

Risks to Price Stability, the Zero Lower Bound, and Forward Guidance: A Real-Time Assessment

Günter Coenen and Anders Warne

Fiscal Policy and the Inflation Target

Peter Tulip

Inflation Targeting and "Leaning against the Wind"

Lars E.O. Svensson

The Risk Channel of Monetary Policy

Oliver de Groot

Monetary and Macroprudential Policy in an Estimated DSGE Model of the Euro Area

Dominic Quint and Pau Rabanal