Volume 19, Issue 3

Towards a Macroprudential Framework for Investment Funds: Swing Pricing and Investor Redemptions

Ulf Lewrick and Jochen Schanz

A Pitfall of Cautiousness in Monetary Policy

Stéphane Dupraz, Sophie Guilloux-Nefussi and Adrian Penalver

Monetary Policy Implementation and Payment System Modernization

Jonathan Witmer

Tracing the Impact of the ECB's Asset Purchase Program on the Yield Curve

Fabian Eser, Wolfgang Lemke, Ken Nyholm, Sören Radde and Andreea Liliana Vladu

A Comparison of Fed "Tightening" Episodes since the 1980s

Kevin L. Kliesen

Modeling the Asymmetric Effects of an Oil Price Shock

Lance J. Bachmeier and Benjamin D. Keen

A New Measure of Central Bank Transparency and Implications for the Effectiveness of Monetary Policy

Miguel Acosta

How Do Regulators Set the Countercyclical Capital Buffer?

Bernhard Herz and Jochen Keller

Empirical Evidence on the Effectiveness of Capital Buffer Release

Vasja Sivec and Matjaž Volk

The Cost of Breaking an Exchange Rate Peg: Synthetic Control Estimation

Jae Hoon Choi and A. Christopher Limnios