01.02.2022: Stephanie Schmitt-Grohé – Optimal bank reserve remuneration and capital control policy

Presenter: Stephanie Schmitt-Grohé Affiliation: Columbia University, Department of Economics Paper: Optimal Bank Reserve Remuneration and Capital Control Policy (slides) Date: February 1st, 2022 Time: 13:00 GMT Abstract: A central prediction of open economy models with a pecuniary externality due to a collateral constraint is that the unregulated economy overborrows relative to what occurs under optimal … Read more

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