• Exit Strategies 

      Angeloni, Ignazio; Faia, Ester; Winkler, Roland (2014-04-01)
      We study alternative scenarios for exiting the post-crisis fiscal and monetary accommodation using a macromodel where banks choose their capital structure and are subject to runs. Under a Taylor rule, the post-crisis ...
    • Monetary Policy and Risk Taking 

      Angeloni, Ignazio; Faia, Ester; Lo Duca, Marco (2016-05-19)
      We assess the effects of monetary policy on bank risk to verify the existence of a risk-taking channel — monetary expansions inducing banks to assume more risk. We first present VAR evidence confirming that this channel ...