Volume 4, Issue 2

The Danger of Inflating Expectations of Macroeconomic Stability: Heuristic Switching in an Overlapping-Generations Monetary Model

Alex Brazier, Richard Harrison, Mervyn King and Tony Yates

The Impact of Central Bank Announcements on Asset Prices in Real Time

Carlo Rosa and Giovanni Verga

Specification and Calibration Errors in Measures of Portfolio Credit Risk: The Case of the ASRF Model

Nikola Tarashev and Haibin Zhu

Optimal and Simple Monetary Policy Rules with Zero Floor on the Nominal Interest Rate

Anton Nakov

Optimal Monetary Policy in an Estimated DSGE Model of the Euro Area with Cross-Country Heterogeneity

Eric Jondeau and Jean-Guillaume Sahuc

Inflation Forecasts and the New Keynesian Phillips Curve

Sophocles N. Brissimis and Nicholas S. Magginas