Volume 16, Issue 6

Monetary Policy as an Optimum Currency Area Criterion

Dominik Groll

Residential Investment and Economic Activity: Evidence from the Past Five Decades

Emanuel Kohlscheen, Aaron Mehrotra and Dubravko Mihaljek

Independent Central Banks: Low Inflation at No Cost? A Model with Fiscal Policy

Montserrat Ferré and Carolina Manzano

Risk Shocks and Monetary Policy in the New Normal

Martin Seneca

Contagion in the CoCos Market? A Case Study of Two Stress Events

Pierluigi Bologna, Arianna Miglietta and Anatoli Segura

The Aggregate and Country-Specific Effectiveness of ECB Policy: Evidence from an External Instruments VAR Approach

Lucas Hafemann and Peter Tillmann

What Rule for the Federal Reserve? Forecast Targeting

Lars E.O. Svensson

Trust in the Central Bank and Inflation Expectations

Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli and Maarten van Rooij