Discussion paper DP16720 Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium Vladimir Asriyan Luc Laeven Alberto Martin Alejandro Van der Ghote Victoria Vanasco 1 Jul 2022 Low interest rates Financial frictions Firm heterogeneity Allocation Credit Asset prices Balance sheet channel Optimal monetary policy Monetary Economics and Fluctuations E22 E32 E44 E52
VoxEU Column Traction lost: Monetary policy at very low rates Rashad Ahmed Claudio Borio Piti Disyatat Boris Hofmann 4 Apr 2022 Monetary Policy monetary policy Low interest rates Monetary transmission mechanism
Discussion paper DP15615 Low price-to-book ratios and bank dividend payout policies Leonardo Gambacorta Tommaso Oliviero Hyun Song Shin 29 Dec 2020 Dividend payout policy Banks Low interest rates Covid-19 crisis Financial Economics G21 G35
Discussion paper DP15282 Debt Sustainability in a Low Interest Rate World Dmitriy Sergeyev Neil Mehrotra 11 Sep 2020 Secular stagnation Public debt Debt sustainability Low interest rates Government default Monetary Economics and Fluctuations E43 E62 H68
VoxEU Column Interest rates, market power, and financial stability David Martinez-Miera Rafael Repullo 6 Aug 2020 Financial Markets Monetary Policy Financial stability Risk taking monetary policy Low interest rates
VoxEU Column Fiscal policy cannot save the ECB Angela Capolongo Daniel Gros 3 Dec 2019 EU institutions EU policies Fiscal stimulus Expansion Low interest rates Low inflation
VoxEU Column Monetary policy should prevent deflation and avoid a bad equilibrium Olli Rehn 15 Oct 2019 EU institutions EU policies Monetary Policy Deflation Low inflation Ecb Unconventional monetary policy Low interest rates
VoxEU Column Monetary policy for a bubbly world Vladimir Asriyan Luca Fornaro Alberto Martin Jaume Ventura 30 Sep 2019 Monetary Policy Low interest rates Bubbles boom and bust Volatility
VoxEU Column Monetary policy and bank equity values in a time of low and negative interest rates Miguel Ampudia Skander Van den Heuvel 17 Jul 2019 Monetary Policy bank equity Interest rate shocks Low interest rates
VoxEU Blog/Review Olivier in Wonderland Charles Wyplosz 17 Jun 2019 Macroeconomic policy Monetary Policy Blanchard Low interest rates (relative) public debt Zero lower bound
Discussion paper DP13752 Monetary Policy and Bank Profitability in a Low Interest Rate Environment: A Follow-up and a Rejoinder Charles Goodhart Ali Kabiri 23 May 2019 Bank profitability Low interest rates Net interest margin Credit extension Monetary Economics and Fluctuations E52 G18 G21 G28
VoxEU Column The ‘suprasecular’ stagnation Paul Schmelzing 24 May 2018 Economic history Financial Regulation and Banking Secular stagnation Low interest rates Zero lower bound Growth
