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CREST-ENSAE
prudential policy, capital requirements, monetary policy, Ramsey-optimal policies
monetary policy, asset prices, informational cascades, bubbles
Financial frictions, banking, optimal policy
interest on reserves, price determinacy, forward guidance, liquidity trap
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Euro, policy coordination
interest on bank reserves, interest-rate peg, equilibrium determinacy, forward guidance puzzle, fiscal-multiplier puzzle, paradox of flexibility
DSGE models, interest-rate rules, local determinacy, global determinacy, rational bubbles
Currency union, credibility, stabilization, inflation bias
commitment, discretion, inflation bias, reputation, stabilization bias, timeless perspective
stabilization policy, robust local-equilibrium determinacy, observation set, feasible path, implementable path
