This volume of the International Journal of Central Banking includes the proceedings from the conference titled “New Frameworks for Monetary Policy Analysis in an Era of Crises,” hosted by the Central Bank of Chile on September 27–28, 2012.
Unconventional Monetary Policy and the Great Recession: Estimating the Macroeconomic Effects of a Spread Compression at the Zero Lower Bound
Christiane Baumeister and Luca Benati
House Prices, Credit Growth, and Excess Volatility: Implications for Monetary and Macroprudential Policy
Paolo Gelain and Kevin J. Lansing and Caterina Mendicino
The Importance of Non-Linearities and Expectations in the Recent Crisis
John Leahy
Opening Remarks
Global Imbalances and Taxing Capital Flows
C. A. E. Goodhart and M. U. Peiris and D. P. Tsomocos
Like a Good Neighbor: Monetary Policy, Financial Stability, and the Distribution of Risk
Evan F. Koenig
Imbalances and Policies
Vincenzo Quadrini
Capital Injection, Monetary Policy, and Financial Accelerators
Naohisa Hirakata and Nao Sudo and Kozo Ueda
Financial Frictions
Robert E. Hall
