China and the United States: Trade Conflict and Systemic Competition PIIE (2018-11-06)
The current trade war between the United States and China is a central dimension of the emerging Cold War between the two superpowers. The conflict also highlights and threatens to aggravate the contest for global econom .. more |
How does monetary policy affect income and wealth inequality? Evidence from quantitative easing in the euro area ECB (2018-11-06)
This paper studies the effects of quantitative easing on income and wealth of individual euro area households. The aggregate effects of quantitative easing are estimated in a multi-country VAR model of the four largest e .. more |
Monetary and Macroprudential Policy Coordination Among Multiple Equilibria IMF (2018-11-06)
The notion of a tradeoff between output and financial stabilization is based on monetarymacroprudential models with unique equilibria. Using a game theory setup, this paper shows that multiple equilibria lead to qualitat .. more |