Volume 18, Issue 3

The Real Effects of Credit Line Drawdowns

Jose M. Berrospide and Ralf R. Meisenzahl

Confidence Cycles and Liquidity Hoarding

Volha Audzei

The Reliability of Equilibrium Exchange Rate Models: A Forecasting Perspective

Michele Ca' Zorzi, Adam Cap, Andrej Mijakovic and Michal Rubaszek

Monetary Policy and Regional House-Price Appreciation

Daniel Cooper, María José Luengo-Prado and Giovanni P. Olivei

Credit Shocks and Allocative Efficiency during a Financial Crisis

Andrea Linarello, Andrea Petrella and Enrico Sette

De jure Benchmark Bonds

Eli Remolona and James Yetman

Why So Low for So Long? A Long-Term View of Real Interest Rates

Claudio Borio, Piti Disyatat, Mikael Juselius and Phurichai Rungcharoenkitkul

Optimal Inflation Rates in a Non-linear New Keynesian Model: The Case of Japan and the United States

Tomohide Mineyama, Wataru Hirata and Kenji Nishizaki