🍂 Autumn reading time! Let our AI Librarian find your perfect cozy read 🫖
Explore the literary world of this author
Are Costs Larger Also with Less Effective Macroprudential Policy?
“Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated l...
Sweden 1992-1994
The use of forward interest rates as a monetary policy indicator is demonstrated, using Sweden 1992-1994 as an example. The forward rates are interpre...
A Simple Example
Debt amortization requirements have been suggested as a way to reduce household indebtedness. However, a closer look reveals that amortization require...
The Role of the Balance Sheet of an Independent Central Bank
An independent central bank can manage its balance sheet and its capital so as to commit itself to a depreciation of its currency and an exchange rate...
1987-1991
The credibility of the exchange rate bands in the Nordic countries during 1987-91 is examined with two tests. The results suggest that the credibility...