Volume 12, Issue 3

Dynamic stochastic general equilibrium models and their discontents

Tamim Bayoumi

Rule-of-thumb consumers and labor tax cut policy at the zero lower bound

Lorant Kaszab

Financial intermediation in a global environment

Victoria Nuguer

Policy spillovers and synergies in a monetary union

Óscar Arce, Samuel Hurtado and Carlos Thomas

Long-run inflation uncertainty

Stefan Nagel

The effect of unconventional monetary policy on inflation expectations: evidence from firms in the United Kingdom

Lena Boneva, James Cloyne, Martin Weale and Tomasz Wieladek

Options-implied probability density functions for real interest rates

Jonathan H. Wright

Beggar-thy-neighbor? The international effects of ECB unconventional monetary policy measures

Kristina Bluwstein and Fabio Canova

The financial and macroeconomic effects of the OMT announcements

Carlo Altavilla, Domenico Giannone and Michele Lenza

Opening Remarks

Manuel Ramos-Francia