No. 55-4, June 2023

Index

• A Dilemma between Liquidity Regulation and Monetary Policy: Some History and Theory
• Credit Crunch and Downward Nominal Wage Rigidities
• Downward Nominal Wage Rigidity Meets the Zero Lower Bound
• Effects of State‐Dependent Forward Guidance, Large‐Scale Asset Purchases, and Fiscal Stimulus in a Low‐Interest‐Rate Environment
• House Price Markups and Mortgage Defaults
• Housing Rents and Inflation Rates
• Inflation and Welfare in a Competitive Search Equilibrium with Asymmetric Information
• Issue Information
• Issue Information
• Normalizing the Central Bank's Balance Sheet: Implications for Inflation and Debt Dynamics
• Policy Uncertainty and Bank Mortgage Credit
• The Role of Money in Monetary Policy at the Lower Bound