No. 55-5, August 2023

Index

• CLO (Collateralized Loan Obligation) Market and Corporate Lending
• Does Competition Affect Bank Risk?
• Downward Nominal Wage Rigidity and Inflation Dynamics during and after the Great Recession
• How Powerful Is Unannounced, Sterilized Foreign Exchange Intervention?
• Information Aggregation Bias and Samuelson's Dictum
• Issue Information
• Issue Information
• Nonlinear Employment Effects of Tax Policy
• Phillips Correlation and Price‐Change Distributions under Declining Trend Inflation
• Talking Over Time ‐ Dynamic Central Bank Communication
• The 1932 Federal Reserve Open‐Market Purchases as a Precedent for Quantitative Easing
• The Effect of Monetary Policy on Consumption Inequality: An Analysis of Transmission Channels through TANK Models