We examine the transmission of international monetary policy shocks via the bank lending
channel. Exploiting a panel of regulatory data on foreign banks operating in Australia, we …

Inflation risk premiums tend to be positive in an economy mainly hit by supply shocks, and
negative if demand shocks dominate. Risk premiums also fluctuate with risk aversion. We …

We study the term structure of default-free interest rates in a sticky-price model with an
occasionally binding effective lower bound (ELB) constraint on interest rates and recursive …

A prolonged low-interest-rate environment presents a significant challenge to banks and is
likely to entail major changes to their business models over the long-run. Lower returns to …

Understanding the impact of changing interest rates onto banks' net interest margin is of
central importance for various stakeholders. The primary focus lies often on changes in the …

Can consumption-based mechanisms generate positive and time-varying real term premia
as we see in the data? I show that only models with time-varying risk aversion or models …

We examine the transmission of international monetary policy shocks through the bank-
lending channel. Exploiting a panel of data on Australian Authorized Deposit-Taking …

The aim of the chapter is to introduce money as the necessary link between micro and
macro levels. The author starts with a critical appraisal of the neoclassical monetary theory …

Giữa cuộc khủng hoảng khí hậu toàn cầu, một trong những giải pháp hiệu quả để ổn định
khủng hoảng có liên quan mật thiết đến sử dụng năng lượng xanh. Năng lượng xanh sẽ có …

This study examines the relationship among financial development, public debt dynamics,
commercial banks' responsiveness and monetary policy effectiveness in Ghana. The …