Volume 15, Issue 3

Banks' Wealth, Banks' Creation of Money, and Central Banking

Tianxi Wang

Macroeconomic Effects of Banking-Sector Losses across Structural Models

Luca Guerrieri, Matteo Iacoviello, Francisco Covas, John C. Driscoll, Mohammad Jahan-Parvar, Michael Kiley, Albert Queralto and Jae Sim

Deleveraging and Consumer Credit Supply in the Wake of the 2008-09 Financial Crisis

Reint Gropp, John Krainer and Elizabeth Laderman

What Drives Bank-Intermediated Trade Finance? Evidence from Cross-Country Analysis

José María Serena Garralda and Garima Vasishtha

Comparing Fiscal Consolidation Multipliers across Models in Europe

Juha Kilponen, Massimiliano Pisani, Sebastian Schmidt, Vesna Corbo, Tibor Hledik, Josef Hollmayr, Samuel Hurtado, Paulo Júlio, Dmitry Kulikov, Matthieu Lemoine, Matija Lozej, Henrik Lundvall, José R. Maria, Brian Micallef, Dimitris Papageorgiou, Jakub Rysanek, Dimitrios Sideris, Carlos Thomas and Gregory de Walque

Optimal Negative Interest Rate under Uncertainty

Kuk Mo Jung

Exchange Rate Pass-Through: What Has Changed Since the Crisis?

Martina Jašová, Richhild Moessner and Elöd Takáts

What Drives the Strength of Monetary Policy Transmission?

Jakub Matějů