BIS Working Papers – Credit growth, Globalisation, Measuring Economic Slack, Shadow Policy Rate
New Working Papers June 4, 2014: Credit growth, monetary policy, and economic activity in a three-regime TVAR model Globalisation, pass-through and the optimal policy response to exchange rates Measuring economic slack: A forecast-based approach with applications to economies in Asia and the Pacific A shadow policy rate to calibrate US monetary policy at the zero …