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Financial Stability and Optimal Interest-Rate Policy. (2016). Nakata, Taisuke ; Lopez-Salido, David ; Laubach, Thomas ; Ajello, Andrea.
In: Finance and Economics Discussion Series.
RePEc:fip:fedgfe:2016-67.

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  1. Wage – price dynamics and financial market in a disequilibrium macro model: A Keynes – Kaldor – Minsky modeling of recession and inflation using VECM. (2024). Semmler, Willi ; Chen, PU.
    In: Journal of Economic Behavior & Organization.
    RePEc:eee:jeborg:v:220:y:2024:i:c:p:433-452.

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  2. Long-run scarring effects of meltdowns in a small-scale nonlinear quadratic model. (2023). Semmler, Willi ; Lucidi, Francesco Simone.
    In: Journal of Macroeconomics.
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  3. Exploring the trade-off between leaning against credit and stabilizing economic activity. (2023). Benati, Luca.
    In: Economics Letters.
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  4. Monetary Policy and Endogenous Financial Crises. (2022). Manea, Cristina ; Gali, Jordi ; Collard, Fabrice ; Boissay, Frederic.
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  5. Institutional mandates for macroeconomic and financial stability. (2022). Flamini, Alessandro ; Agenor, Pierre-Richard.
    In: Journal of Financial Stability.
    RePEc:eee:finsta:v:62:y:2022:i:c:s1572308922000857.

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  6. The Credit Cycle and Measurement of the Natural Rate of Interest. (2022). Ponomarenko, Alexey ; Guseva, Maria ; Deryugina, Elena.
    In: Journal of Central Banking Theory and Practice.
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  7. Macroprudential policy coordination in a currency union. (2021). Jia, Pengfei ; Jackson, Timothy ; Agenor, Pierre-Richard.
    In: European Economic Review.
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  8. The role of financial stability considerations in monetary policy and the interaction with macroprudential policy in the euro area. (2021). Weigert, Benjamin ; Rodriguez-Moreno, Maria ; Prieto, Esteban ; Nikolov, Kalin ; Maddaloni, Angela ; Mazelis, Falk ; Lewis, Vivien ; Geiger, Felix ; Martin, Alberto ; Jovanovic, Mario ; Miettinen, Pavo ; Andreeva, Desislava ; Cuciniello, Vincenzo ; Albertazzi, Ugo ; Heider, Florian ; Redak, Vanessa ; Bonatti, Guido ; Licak, Marek ; Jan, Jansen David ; Garabedian, Garo ; Altavilla, Carlo ; Chalamandaris, Dimitrios ; Fourel, Valere ; Pogulis, Armands ; Carlo Altavilla , ; Balfoussia, Hiona ; Ioannidis, Michael ; Patriek, Matic ; Fernandez, Luis ; Kok, Christoffer ; Cassar, Alan ; Klein, Melanie ; Papageorghiou, Maria ; Fahr, Stephan ; Falagiarda, Matteo ; Adolf, Petra ;
  9. Financial stability and interest‐rate policy: A quantitative assessment of costs and benefit. (2020). Pescatori, Andrea ; Laseen, Stefan.
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  10. Does competence of central bank governors influence financial stability?. (2020). Ozili, Peterson K.
    In: Future Business Journal.
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  11. Does competence of central bank governors influence financial stability?. (2020). Ozili, Peterson K.
    In: MPRA Paper.
    RePEc:pra:mprapa:102042.

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  12. When could macroprudential and monetary policies be in conflict?. (2020). Garcia, Jose David ; Levieuge, Gregory.
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  13. Monetary Policy, Prudential Policy, and Banks Risk-Taking: A Literature Review. (2020). NGAMBOU DJATCHE, Melchisedek Joslem.
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  14. Monetary Policy and Financial Stability. (2020). Sim, Jae ; Cairo, Isabel.
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  15. Doubts about the Model and Optimal Policy. (2020). Karantounias, Anastasios.
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  16. Leaning against the Wind and Crisis Risk. (2020). Ward, Felix ; Steege, Lucas Ter ; Schularick, Moritz.
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  17. A Markov-Chain Measure of Systemic Banking Crisis Frequency. (2020). TAMBAKIS, DEMOSTHENES.
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  18. Optimal Monetary and Macroprudential Policies for Financial Stability in a Commodity-Exporting Economy. (2020). Khotulev, Ivan ; Styrin, Konstantin.
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  19. RegGae: a toolkit for macroprudential policy with DSGEs. (2020). Castro, Eduardo C.
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  20. Leaning against the wind and crisis risk. (2020). Ward, Felix ; Steege, Lucas Ter ; Schularick, Moritz.
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  21. Monetary Policy and Financial Stability: Cross‐Country Evidence. (2019). Friedrich, Christian ; Cunningham, Rose ; Hess, Kristina.
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  22. Cost-benefit Analysis of Leaning against the Wind. (2019). Tulip, Peter ; Saunders, Trent.
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  23. Examining the trade-off between price and financial stability in India.. (2019). Pandey, Radhika ; Patnaik, Ila ; Mittal, Shalini.
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  24. Building an effective financial stability policy framework: lessons from the post-crisis decade. (2019). Demekas, Dimitri.
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  25. Savings, asset scarcity, and monetary policy. (2019). Altermatt, Lukas.
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  26. Will macroprudential policy counteract monetary policy’s effects on financial stability?. (2019). Demertzis, Maria ; Agur, Itai.
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  27. Targeting financial stability: macroprudential or monetary policy?. (2019). Kapadia, Sujit ; McLeay, Michael ; Giese, Julia ; Aikman, David.
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  28. Monetary Policy in the Grip of a Pincer Movement. (2019). Rungcharoenkitkul, Phurichai ; Juselius, Mikael ; Disyatat, Piti ; Borio, Claudio.
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  29. The Relation between Monetary Policy and Financial-Stability Policy. (2019). , Lars.
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  30. Optimal monetary and macroprudential policies for financial stability in a commodity-exporting economy. (2019). Khotulev, Ivan ; Styrin, Konstantin.
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  31. Financial Stability Implications of Policy Mix in a Small Open Commodity-Exporting Economy. (2019). Sinyakov, Andrey ; Ponomarenko, Alexey ; Tatarintsev, Stas ; Kozlovtceva, Irina.
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  32. Monetary policy tradeoffs between financial stability and price stability. (2018). Shukayev, Malik ; Ueberfeldt, Alexander.
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  33. Monetary policy and macroprudential policy: Different and separate?. (2018). , Lars.
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  34. Monetary Transmission through Shadow Banks. (2018). Xiao, Kairong.
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  35. Reputation and Liquidity Traps. (2018). Nakata, Taisuke.
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  36. The Trade offs in Leaning Against the Wind. (2018). Gourio, Francois ; Sim, Jae W ; Kashyap, Anil K.
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  37. The Time-Varying Effect of Monetary Policy on Asset Prices. (2018). Paul, Pascal.
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  38. Evaluating monetary policy rules under fundamental uncertainty: An info-gap approach. (2018). End, Jan Willem ; Demertzis, Maria ; van den End, Jan Willem ; Ben-Haim, Yakov.
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  39. Coordinating monetary and financial regulatory policies. (2018). Van der Ghote, Alejandro.
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  40. Monetary Policy and Macroprudential Policy: Different and Separate?. (2018). , Lars.
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  41. La politique monétaire doit-elle être utilisée à des fins de stabilité financière ?. (2018). Levieuge, Grégory.
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  42. Savings, asset scarcity, and monetary policy. (2018). Altermatt, Lukas.
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  43. Will macroprudential policy counteract monetary policy’s effects on financial stability?. (2018). Demertzis, Maria ; Agur, Itai.
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  44. Rethinking financial stability. (2018). Kapadia, Sujit ; Hinterschweiger, Marc ; HALDANE, ANDREW ; Aikman, David.
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  45. What Do We Know About the Effects of Macroprudential Policy?. (2018). Moessner, Richhild ; Galati, Gabriele.
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  46. Financial and price stability in emerging markets: the role of the interest rate. (2018). Tobal, Martin ; Menna, Lorenzo.
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  47. Monetary policy in the grip of a pincer movement. (2018). Rungcharoenkitkul, Phurichai ; Juselius, John ; Disyatat, Piti ; BORIO, Claudio.
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  48. Central Banking and Macroeconomic Ideas: Economics, Politics and History. (2018). masciandaro, donato.
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  49. Online Appendix to Reputation and Liquidity Traps. (2017). Nakata, Taisuke.
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  50. Monetary Policy, the Financial Cycle and Ultra-low Interest Rates. (2017). Juselius, John ; Drehmann, Mathias ; Disyatat, Piti ; BORIO, Claudio.
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  51. Leaning Against the Wind: The Role of Different Assumptions About the Costs. (2017). Svensson, Lars.
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  52. The Tradeoffs in Leaning Against the Wind. (2017). Sim, Jae ; Kashyap, Anil ; Gourio, Francois.
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  53. Systemic Risk: A New Trade-Off for Monetary Policy?. (2017). Turunen, Jarkko ; Laséen, Stefan ; Pescatori, Andrea.
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  54. The Tradeoffs in Leaning Against the Wind. (2017). Sim, Jae ; Kashyap, Anil ; Gourio, Francois.
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  55. Calibrating Macroprudential Policy to Forecasts of Financial Stability. (2017). Lopez, Jose ; Brave, Scott.
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  56. Cost-benefit analysis of leaning against the wind. (2017). , Lars.
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  57. Financial shocks, financial stability, and optimal Taylor rules. (2017). Verona, Fabio ; Martins, Manuel ; Drumond, Ines ; Manuel, .
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  58. Systemic risk: A new trade-off for monetary policy?. (2017). Turunen, Jarkko ; Laseen, Stefan ; Pescatori, Andrea.
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  59. Addressing household indebtedness: Monetary, fiscal or macroprudential policy?. (2017). Zubairy, Sarah ; Alpanda, Sami.
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  60. How robust is the result that the cost of leaning against the wind exceeds the benefit?. (2017). Svensson, Lars.
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  61. Fundamental uncertainty and unconventional monetary policy: an info-gap approach. (2017). End, Jan Willem ; Demertzis, Maria ; van den End, Jan Willem ; Ben-Haim, Yakov.
    In: DNB Working Papers.
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  62. Leaning Against the Wind: The Role of Different Assumptions About the Costs. (2017). , Lars.
    In: CEPR Discussion Papers.
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  63. Leaning Against the Wind: Costs and Benefits, Effects on Debt, Leaning in DSGE Models, and a Framework for Comparison of Results. (2017). , Lars.
    In: CEPR Discussion Papers.
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  64. How Robust Is the Result That the Cost of Leaning Against the Wind Exceeds the Benefit? Response to Adrian and Liang. (2017). Svensson, Lars.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:11744.

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  65. Cost-Benefit Analysis of Leaning Against the Wind. (2017). Svensson, Lars.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:11739.

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  66. Financial imbalances, crisis probability and monetary policy in Norway. (2017). Alstadheim, Ragna ; Vonen, Nikka Husom ; Robstad, Orjan.
    In: Working Paper.
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  67. Monetary Policy Tradeoffs Between Financial Stability and Price Stability. (2016). Ueberfeldt, Alexander ; Shukayev, Malik.
    In: Working Papers.
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  68. Cost-Benefit Analysis of Leaning Against the Wind. (2016). Svensson, Lars.
    In: NBER Working Papers.
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  69. Credit-Market Sentiment and the Business Cycle. (2016). Zakrajsek, Egon ; Stein, Jeremy ; Lopez-Salido, David ; Zakrajek, Egon.
    In: NBER Working Papers.
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  70. Institutional Mandates for Macroeconomic and Financial Stability. (2016). Flamini, Alessandro ; Agénor, Pierre-Richard ; Agenor, Pierre-Richard.
    In: Centre for Growth and Business Cycle Research Discussion Paper Series.
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  71. Credit, Securitization and Monetary Policy; Watch Out for Unintended Consequences. (2016). Sole, Juan ; Pescatori, Andrea.
    In: IMF Working Papers.
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  72. Financial Stability and Interest-Rate Policy; A Quantitative Assessment of Costs and Benefits. (2016). Laséen, Stefan ; Laseen, Stefan ; Pescatori, Andrea.
    In: IMF Working Papers.
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  73. Cost-Benefit Analysis of Leaning Against the Wind; Are Costs Larger Also with Less Effective Macroprudential Policy?. (2016). , Lars.
    In: IMF Working Papers.
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  74. Monetary Policy, Financial Stability, and the Zero Lower Bound : a speech at the Annual Meeting of the American Economic Association, San Francisco, California, January 3, 2016.. (2016). Fischer, Stanley.
    In: Speech.
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  75. Financial Vulnerabilities, Macroeconomic Dynamics, and Monetary Policy. (2016). Modugno, Michele ; Aikman, David ; Liang, Nellie J ; Lehnert, Andreas .
    In: Finance and Economics Discussion Series.
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  76. Credit-Market Sentiment and the Business Cycle. (2016). Zakrajsek, Egon ; Stein, Jeremy ; Lopez-Salido, David.
    In: Finance and Economics Discussion Series.
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  77. Is there macroprudential policy without international cooperation?. (2016). Cecchetti, Stephen ; Tucker, Paul .
    In: CEPR Discussion Papers.
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  78. A quantitative case for leaning against the wind. (2016). Rungcharoenkitkul, Phurichai ; Filardo, Andrew.
    In: BIS Working Papers.
    RePEc:bis:biswps:594.

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  79. Monetary policy, the financial cycle and ultra-low interest rates. (2016). Juselius, John ; Drehmann, Mathias ; Disyatat, Piti ; BORIO, Claudio.
    In: BIS Working Papers.
    RePEc:bis:biswps:569.

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  80. Is macroprudential policy instrument blunt?. (2016). Sudo, Nao ; Sonoda, Katsurako .
    In: BIS Working Papers.
    RePEc:bis:biswps:536.

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  81. Monetary Policy, Private Debt and Financial Stability Risks. (2016). Granziera, Eleonora ; Bauer, Gregory.
    In: Staff Working Papers.
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  82. Monetary Policy Tradeoffs Between Financial Stability and Price Stability. (2016). Ueberfeldt, Alexander ; Shukayev, Malik.
    In: Staff Working Papers.
    RePEc:bca:bocawp:16-49.

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  83. Should Monetary Policy Lean Against Housing Market Booms?. (2016). Ueberfeldt, Alexander ; Alpanda, Sami.
    In: Staff Working Papers.
    RePEc:bca:bocawp:16-19.

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  84. Leaning Within a Flexible Inflation-Targeting Framework: Review of Costs and Benefits. (2016). Kryvtsov, Oleksiy ; Takamura, Tamon ; Gorea, Denis.
    In: Discussion Papers.
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  85. Monetary Policy, Financial Stability, and the Zero Lower Bound. (2016). Fischer, Stanley.
    In: American Economic Review.
    RePEc:aea:aecrev:v:106:y:2016:i:5:p:39-42.

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  86. Will Macroprudential Policy Counteract Monetary Policy’s Effects on Financial Stability?. (2015). Demertzis, Maria ; Agur, Itai.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2015/283.

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  87. Systemic Risk; A New Trade-off for Monetary Policy?. (2015). Turunen, Jarkko ; Laséen, Stefan ; Pescatori, Andrea ; Laseen, Stefan.
    In: IMF Working Papers.
    RePEc:imf:imfwpa:2015/142.

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  88. Interest rates and house prices: pill or poison?. (2015). Taylor, Alan ; Schularick, Moritz ; Jorda, Oscar.
    In: FRBSF Economic Letter.
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  89. Is macroprudential policy instrument blunt?. (2015). Sudo, Nao ; Sonoda, Katsurako .
    In: Bank of Japan Working Paper Series.
    RePEc:boj:bojwps:wp15e11.

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  90. Inflation targeting and financial stability: providing policymakers with relevant information. (2015). Vredin, Anders .
    In: BIS Working Papers.
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  91. Monetary Policy and Financial Stability: Cross-Country Evidence. (2015). Friedrich, Christian ; Cunningham, Rose ; Hess, Kristina.
    In: Staff Working Papers.
    RePEc:bca:bocawp:15-41.

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  92. Macroeconomic Ideas, Business Cycles and Economic Policies: One Size Doesn’t Fit All - A Primer. (2014). masciandaro, donato.
    In: BAFFI CAREFIN Working Papers.
    RePEc:baf:cbafwp:cbafwp14161.

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  6. (2016): “Cost-Benefit Analysis of Leaning Against the Wind: Are Costs Larger Also with Less Effective Macroprudential Policy?,” IMF Working Paper, 3. Tetlow, R., and P. von zur Muehlen (2001): “Robust Monetary Policy with Misspecified Models: Does Model Uncertainty Always Call for Attenuated Policy ?,” Journal of Economic Dynamics and Control, 25(June), 911–49.

  7. B Credit Conditions and Crisis Probability In this appendix we provide further details on our use of Schularick and Taylor (2012)’s data and our adaptation of some of their results.
    Paper not yet in RePEc: Add citation now
  8. Barlevy, G. (2009): “Policymaking under uncertainty: Gradualism and robustness, ” Economic Perspectives, 2.
    Paper not yet in RePEc: Add citation now
  9. Borio, C. (2012): “The financial cycle and macroeconomics: What have we learnt?,” Bank for International Settlements Working Papers, 395.

  10. Brainard, W. C. (1967): “Uncertainty and the Effectiveness of Policy,” American Economic Review, 57(2), 411–25.
    Paper not yet in RePEc: Add citation now
  11. Brock, W. A., S. N. Durlauf, and K. D. West (2003): “Policy Evaluation in Uncertain Economic Environments,” Brookings Papers on Economic Activity, 34(1), 235–322.

  12. Clouse, J. A. (2013): “Monetary Policy and Financial Stability Risk: An Example, ” Finance and Economics Discussion Series, (41).
    Paper not yet in RePEc: Add citation now
  13. Cogley, T., B. De Paoli, C. Matthes, K. O. Nikolov, and A. Yates (2011): “A Bayesian Approach to Optimal Monetary Policy with Parameter and Model Uncertainty,” Journal of Economic Dynamics and Control, 35(12), 2186–2212.

  14. Denes, M., G. Eggertsson, and S. Gilbukh (2013): “Deficits, Public Debt Dynamics and Tax and Spending Multipliers,” Economic Journal, 123(566), 133– 163.

  15. Giannoni, M. P. (2002): “Does Model Uncertainty Justify Caution? Robust Optimal Monetary Policy in a Forward-Looking Model,” Macroeconomic Dynamics, 6, 111–144.

  16. Gourinchas, P.-O., and M. Obstfeld (2012): “Stories of the Twentieth Century for the Twenty-First,” American Economic Journal: Macroeconomics, 4(1), 226– 65.

  17. Hansen, L. P., and T. J. Sargent (2008): Robustness. Princeton University Press, Princeton, NJ.
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  18. Hommes, C. (2011): “The Heterogeneous Expectations Hypothesis: Some Evidence from the Lab,” Journal of Economic dynamics and control, 35(1), 1–24.

  19. It is interesting to note that the mean, together with the third quartile (green dash-dotted line) of the distribution of SPF participants included in the graphs, point out that a number of professionals did forecast a higher likelihood of a prolonged drop in real GDP and prices for 2008 and 2009. Nonetheless, the third quartile forecast of how likely the drop in average real GDP would last through 2009 hovers around 10% and only increases rapidly after the collapse of Lehman Brothers. Deflation expectations show a similar pattern.
    Paper not yet in RePEc: Add citation now
  20. Jimenez, G., S. Ongena, J.-L. Peydro, and J. Saurina (2012): “Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications,” American Economic Review, 102(5), 2301–26.

  21. Jórda, O., M. Schularick, and A. M. Taylor (2013): “When Credit Bites Back,” Journal of Money Credit and Banking, 45(s2), 3–28.

  22. Krishnamurthy, A., and A. Vissing-Jorgensen (2012): “Short-term Debt and Financial Crises: What we can learn from U.S. Treasury Supply ,” .
    Paper not yet in RePEc: Add citation now
  23. Laeven, L., and F. Valencia (2013): “Systemic Banking Crises Database,” IMF Econ Rev, 61(2), 225–270.

  24. Mian, A. R., A. Sufi, and E. Verner (2015): “Household Debt and Business Cycles Worldwide,” Working Paper 21581, National Bureau of Economic Research.

  25. Nakata, T., and S. Schmidt (2014): “Conservatism and Liquidity Traps,” Finance and Economics Discussion Series 2014-105, Board of Governors of the Federal Reserve System (U.S.). Onatski, A., and J. H. Stock (2002): “Robust Monetary Policy under Model Uncertainty in a Small Model of the U.S. Economy,” Macroeconomic Dynamics, 6(March), 85–110.

  26. PRGDPy1 = Pr  100 × ln   RGDPy1 Q1+RGDPy1 Q2+RGDPy1 Q3+RGDPy1 Q4 RGDPy0 Q1+RGDPy0 Q2+RGDPy0 Q3+RGDPy0 Q4   < 0%   We concentrate on the Great Recession episode and study how expectations of professional forecasters behaved before and during the period of financial turmoil that built up to the downturn and to two years of negative growth for average real GDP: 2008 and 2009.
    Paper not yet in RePEc: Add citation now
  27. Romer, C., and D. Romer (2014): “New Evidence on the Impact of Financial Crises in Advanced Countries,” Mimeo, UC Berkeley.
    Paper not yet in RePEc: Add citation now
  28. Schularick, M., and A. M. Taylor (2012): “Credit Booms Gone Bust: Monetary Policy, Leverage Cycles, and Financial Crises, 1870-2008,” American Economic Review, 102(2), 1029–61.

  29. Shiller, R. J. (2005): Irrational Exuberance. Princeton University Press.
    Paper not yet in RePEc: Add citation now
  30. Since 1992:Q1, participants explicitly forecast the likelihood that the growth rate of average real GDP (RGDP) will be lower than 0%.22 :
    Paper not yet in RePEc: Add citation now
  31. Söderstrom, U. (2002): “Monetary Policy with Uncertain Parameters,” Scandinavian Journal of Economics, 104(February), 125–45.
    Paper not yet in RePEc: Add citation now
  32. Svensson, L. E. O. (2014): “Inflation Targeting and “Leaning against the Wind”,” International Journal of Central Banking, 10(2), 103–114.
    Paper not yet in RePEc: Add citation now
  33. Svensson, L. E., and N. Williams (2007): “Bayesian and Adaptive Optimal Policy Under Model Uncertainty,” mimeo.

  34. We interpret this as evidence of how agents did not anticipate the occurrence and the effects of the financial crisis of 2007-2009. Agents’ expectations of the likelihood of a prolonged recession adjusted with a lag to the unfolding of the events on financial markets, rather than, for example, responding to the accumulation of financial imbalances over the course of the economic expansion of the 2000s.
    Paper not yet in RePEc: Add citation now
  35. Woodford, M. (2003): Interest and Prices. Princeton University Press.
    Paper not yet in RePEc: Add citation now

Cocites

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  1. Model Uncertainty and Monetary Policy. (2008). Dennis, Richard.
    In: NCER Working Paper Series.
    RePEc:qut:auncer:2008-19.

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  2. Insurance policies for monetary policy in the euro area. (2008). Wieland, Volker ; Kuester, Keith.
    In: Working Papers.
    RePEc:fip:fedpwp:08-29.

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  3. Robust monetary rules under unstructured and structured model uncertainty. (2008). Levine, Paul.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2008899.

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  4. Risk Management in Action. Robust monetary policy rules under structured uncertainty.. (2008). Pearlman, Joseph ; McAdam, Peter ; Levine, Paul ; Pierse, Richard .
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2008870.

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  5. Stochastic Optimization and Worst-Case Analysis in Monetary Policy Design. (2007). Wieland, Volker.
    In: Computational Economics.
    RePEc:kap:compec:v:30:y:2007:i:4:p:329-347.

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  6. Robust optimal monetary policy in a forward-looking model with parameter and shock uncertainty. (2007). Giannoni, Marc.
    In: Journal of Applied Econometrics.
    RePEc:jae:japmet:v:22:y:2007:i:1:p:179-213.

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  7. Inflation risk and optimal monetary policy. (2007). Pakko, Michael ; Keen, Benjamin ; Gavin, William.
    In: Working Papers.
    RePEc:fip:fedlwp:2006-035.

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  8. Model uncertainty and monetary policy. (2007). Dennis, Richard.
    In: Working Paper Series.
    RePEc:fip:fedfwp:2007-09.

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  9. Simple versus optimal rules as guides to policy. (2007). Rondina, Giacomo ; Nason, James ; Durlauf, Steven ; Brock, William.
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:2007-07.

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  10. Robust Optimal Policy in a Forward-Looking Model with Parameter and Shock Uncertainty. (2006). Giannoni, Marc.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11942.

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  11. Real-time model uncertainty in the United States: the Fed from 1996-2003. (2006). Tetlow, Robert ; Ironside, Brian .
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2006-08.

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  12. Real-time model uncertainty in the United States: the Fed from 1996-2003. (2006). Tetlow, Robert ; Ironside, Brian .
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2006610.

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  13. Optimal monetary policy in a regime-switching economy: the response to abrupt shifts in exchange rate dynamics. (2006). Zampolli, Fabrizio.
    In: Bank of England working papers.
    RePEc:boe:boeewp:297.

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  14. Model selection for monetary policy analysis – Importance of empirical validity. (2006). Nymoen, Ragnar ; Akram, Qaisar.
    In: Working Paper.
    RePEc:bno:worpap:2006_13.

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  15. Managing uncertainty through robust-satisficing monetary policy. (2006). Eitrheim, Øyvind ; Akram, Qaisar ; Ben-Haim, Yakov.
    In: Working Paper.
    RePEc:bno:worpap:2006_10.

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  16. Robustifying Learnability. (2005). von zur Muehlen, Peter ; Tetlow, Robert.
    In: Computing in Economics and Finance 2005.
    RePEc:sce:scecf5:437.

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  17. Uncertainty about the Persistence of Periods with Large Price Shocks and the Optimal Reaction of the Monetary Authority. (2005). Rodriguez A., .
    In: Computing in Economics and Finance 2005.
    RePEc:sce:scecf5:402.

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  18. Optimal Policy Projections. (2005). Tetlow, Robert ; Svensson, Lars.
    In: MPRA Paper.
    RePEc:pra:mprapa:839.

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  19. Optimal Policy Projections. (2005). Tetlow, Robert ; Svensson, Lars.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:11392.

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  20. Optimal Policy Projections. (2005). Tetlow, Robert ; Svensson, Lars.
    In: International Journal of Central Banking.
    RePEc:ijc:ijcjou:y:2005:q:4:a:6.

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  21. Monetary policy analysis with potentially misspecified models. (2005). Schorfheide, Frank ; Del Negro, Marco.
    In: Working Papers.
    RePEc:fip:fedpwp:06-4.

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  22. Robustifying learnability. (2005). von zur Muehlen, Peter ; Tetlow, Robert.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2005-58.

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  23. Optimal policy projections. (2005). Tetlow, Robert ; Svensson, Lars.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2005-34.

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  24. Model uncertainty and policy evaluation: some theory and empirics. (2005). West, Kenneth ; Durlauf, Steven ; Brock, William.
    In: Proceedings.
    RePEc:fip:fedfpr:y:2005:x:6.

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  25. Monetary policy analysis with potentially misspecified models. (2005). Schorfheide, Frank ; Del Negro, Marco.
    In: FRB Atlanta Working Paper.
    RePEc:fip:fedawp:2005-26.

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  26. Insurance policies for monetary policy in the euro area. (2005). Wieland, Volker ; Kuester, Keith.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2005480.

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  27. Stochastic Optimization and Worst Case Analysis in Monetary Policy Design. (2005). Wieland, Volker ; Rustem, B ; akovic, Stan.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:5019.

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  28. Parameter Instability, Model Uncertainty and the Choice of Monetary Policy. (2005). Milani, Fabio ; Favero, Carlo.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:4909.

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  29. Monetary Policy under Model and Data-Parameter Uncertainty. (2005). Cateau, Gino.
    In: Staff Working Papers.
    RePEc:bca:bocawp:05-6.

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  30. Robust expectations and uncertain models – A robust control approach with application to the New Keynesian economy. (2004). Kilponen, Juha.
    In: GE, Growth, Math methods.
    RePEc:wpa:wuwpge:0404004.

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  31. Robust Inflation-Forecast-Based Rules to Shield against Indeterminacy. (2004). Pearlman, Joseph ; Levine, Paul ; Justiniano, Alejandro ; Batini, Nicoletta.
    In: School of Economics Discussion Papers.
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  32. Robust Control Rules to Shield Against Indeterminacy. (2004). Levine, Paul ; Batini, Nicoletta.
    In: Computing in Economics and Finance 2004.
    RePEc:sce:scecf4:339.

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  33. Robust Control: A Note on the Timing of Model Uncertainty. (2004). Rodriguez, Arnulfo .
    In: Computing in Economics and Finance 2004.
    RePEc:sce:scecf4:147.

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  34. Avoiding Nash Inflation: Bayesian and Robus Responses to Model Uncertainty. (2004). von zur Muehlen, Peter ; Tetlow, Robert.
    In: Review of Economic Dynamics.
    RePEc:red:issued:v:7:y:2004:i:4:p:869-899.

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  35. Model Uncertainty and Policy Evaluation: Some Theory and Empirics. (2004). West, Kenneth ; Durlauf, Steven ; Brock, William.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10916.

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  36. Elements of a Theory of Design Limits to Optimal Policy. (2004). Durlauf, Steven ; Brock, William.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:10495.

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  37. Robust Control: A Note on the Response of the Control to Changes in the “Free” Parameter Conditional on the Character of Nature. (2004). Gonzalez, Fidel.
    In: Computational Economics.
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  38. Uncertainty and the open economy: a view through two different lenses. (2004). Lees, Kirdan .
    In: Econometric Society 2004 Australasian Meetings.
    RePEc:ecm:ausm04:235.

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  39. Perspektiven und Grenzen der Verwendung geldpolitischer Regeln. (2004). Fendel, Ralf.
    In: Perspektiven der Wirtschaftspolitik.
    RePEc:bla:perwir:v:5:y:2004:i:2:p:169-192.

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  40. Local robustness analysis : theory and application. (2004). Durlauf, Steven ; Brock, William.
    In: Working papers.
    RePEc:att:wimass:200422.

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  41. Macroeconomics and model uncertainty. (2004). Durlauf, Steven ; Brock, William.
    In: Working papers.
    RePEc:att:wimass:200420.

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  42. Model uncertainty and policy evaluation : some theory and empirics. (2004). West, Kenneth ; Durlauf, Steven ; Brock, William.
    In: Working papers.
    RePEc:att:wimass:200419.

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  43. Targeting Inflation under Uncertainty: Policy Makers’ Perspective. (2003). Smidkova, Katerina.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0304003.

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  44. Inflation persistence and robust monetary policy design. (2003). Coenen, Günter.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2003290.

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  45. Targeting Inflation under Uncertainty: Policy Makers Perspective. (2003). Smidkova, Katerina.
    In: Research and Policy Notes.
    RePEc:cnb:rpnrpn:2003/02.

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  46. Elements of a theory of design limits to optimal policy. (2003). Durlauf, Steven ; Brock, William.
    In: Working papers.
    RePEc:att:wimass:200325.

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  47. Squeezing the Interest Rate Smoothing Weight with a Hybrid Expectations Model. (2002). Castelnuovo, Efrem.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0211006.

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  48. Avoiding Nash inflation: Bayesian and robust responses to model uncertainty. (2002). von zur Muehlen, Peter ; Tetlow, Robert.
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2002-9.

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  49. On the Relation between Robust and Bayesian Decision Making. (2001). Adam, Klaus.
    In: CSEF Working Papers.
    RePEc:sef:csefwp:68.

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  50. Parameters´ Instability, Model Uncertainty and Optimal Monetary Policy. (). Milani, Fabio ; Favero, Carlo.
    In: Working Papers.
    RePEc:igi:igierp:196.

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