… research about unconventional monetary policy and the … as by forward guidance concerning
future short-term rates. The Asset … practices rather attracts than prevents capital flows. This …

… banking sector did not fully translate into economic growth. We document zombie lending by
banks … In turn, firms receiving loans used these funds not to undertake real economic activity…

… unconventional monetary policy and examine whether those … central banks, but we argue
that the role of this monetary … fed funds rate is defined as the negative short-term interest rate …

… alone cannot adequately manage the external shocks facing … results on optimal monetary
policy and capital flow taxation. … a simple policy rule whereby the central bank sets inflation …

… is defined as any policy instrument, other than the setting of short-term interest rates, that …
that underscores one of the main claims made by central bankers about UMP: that they were …

… on those adopted by central banks, particularly the Federal … affect the central bank’s ability
to control short-term interest … managing expectations is a crucial task of monetary policy; …

… that central banks normally conduct monetary policy by conventional management of short
… We modeled conventional monetary policy as choosing the short-term policy rate, with (11) …

… that inject central bank liquidity into the banking system, eg … The initial transmission of DFR
cuts to short-term money … another robustness check for bank loans by controlling for the APP …

… responses to a monetary policy shock indicate strong … which the central bank commits to
keeping short-term interest rates … as the short-term interest rate that the central bank would set if …

… effects of the European Central Bank's unconventional monetary policies using a dynamic
… The government finances its budget deficit by issuing short-term bonds. Public spending is …