Ivan SHCHAPOV (Ecole Polytechnique-CREST) “Monetary Tightening, Quantitative Easing, and Financial Stability”
Macro seminar Time : 12h15 - 13h30 Date : 27 Mai 2023 Salle 3001 Ivan SHCHAPOV (Ecole Polytechnique-CREST) "Monetary Tightening, Quantitative Easing, and Financial Stability" Abstract: This paper analyses central bank balance sheet policies in a framework with banks facing occasionally-binding leverage constraints and endogenous disruptions in financial intermediation. Whilst central bank balance sheet expansions […]