June 2013 issue contents

2013 June

Cover and contents

Introduction

Opening Remarks
  by Rodrigo Vergara

Global Imbalances and Taxing Capital Flows
  by C. A. E. Goodhart, M. U. Peiris, and D. P. Tsomocos
Discussion
  by Francis E. Warnock

Like a Good Neighbor: Monetary Policy, Financial Stability, and the Distribution of Risk
  by Evan F. Koenig
Discussion
  by Klaus Schmidt-Hebbel

Imbalances and Policies
  by Vincenzo Quadrini

Capital Injection, Monetary Policy, and Financial Accelerators
  by Naohisa Hirakata, Nao Sudo, and Kozo Ueda
Discussion
  by Karl Walentin

Financial Frictions
  by Robert E. Hall

Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound
  by Christiane Baumeister and Luca Benati
Discussion
  by M├írcio G. P. Garcia

House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy
  by Paolo Gelain, Kevin J. Lansing, and Caterina Mendicino
Discussion
  by Bruce Preston

The Importance of Non-Linearities and Expectations in the Recent Crisis
  by John Leahy