Volume 13, Issue 2

Inferring Inflation Expectations from Fixed-Event Forecasts

Diego Winkelried

Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion: An Experimantal Examination

Douglas Davis and Edward Simpson Prescott

To Respond or Not to Respond: Measures of the Output Gap in Theory and in Practice

Guy Segal

When the Walk Is Not Random: Commodity Prices and Exchange Rates

Emanuel Kohlscheen, Fernando Avalos and Andreas Schrimpf

The Effects of Monetary Policy Announcements at the Zero Lower Bound

Natsuki Arai

Assessing the Sources of Credit Supply Tightening: Was the Sovereign Debt Crisis Different from Lehman?

Paolo Del Giovane, Andrea Nobili and Federico M. Signoretti

Joint Validation of Credit Rating PDs under Default Correlation

Ricardo Schechtman

Currency Wars, Coordination, and Capital Controls

Olivier Blanchard