Volume 22, Issue 3

Carbon Pricing and Inflation Volatility

Daniel Santabárbara and Marta Suárez-Varela

Asymmetric Shocks and Monetary Policy in the Euro Area

Davor Kunovac, Diego Rodriguez Palenzuela and Yiqiao Sun

Inflation Risk and the Labor Market: Beneath the Surface of a Flat Phillips Curve

Sirio Aramonte

Monetary Policy Shocks and the Employment of Young, Middle-Aged, and Old Workers

Fumitaka Nakamura, Nao Sudo and Yu Sugisaki

Monetary Policy Below Zero: An Empirical Investigation of the Reversal Rate

Zuzana Fungáčová, Eeva Kerola and Olli-Matti Laine

Modernizing Central Banks’ Large Semi-Structural Projection Models: The Role of Model-Consistent Expectations

Stéphane Adjemian, Nikola Bokan, Matthieu Darracq Pariès, Georg Müller and Srečko Zimic

QE: Implications for Bank Risk-Taking, Profitability, and Systemic Risk

Supriya Kapoor and Adnan Velic

Financial Stability Implications of CBDC

Francesca Carapella, Jin-Wook Chang, Sebastian Infante, Melissa Leistra, Arazi Lubis and Alexandros P. Vardoulakis