• 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 ...
    • On the Distributive Effects of Inflation 

      Gottlieb, Charles (2015-06-01)
      This paper undertakes a quantitative investigation of the effects of anticipated inflation on the distribution of household wealth and welfare. Consumer Finance Data on household financial wealth suggests that about a third ...
    • United in Diversity? The Relationship between Monetary Policy and Banking Supervision in the Banking Union 

      Goldmann, Matthias (2017-12-01)
      This paper analyzes the relationship between monetary policy and prudential supervision in the Banking Union. There is no uniform global model regarding the relationship between monetary policy on the one hand, and prudential ...