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negative interest rates, negative for long, zero lower bound, lending policies, bank capital ratio, risk taking
negative interest rates; risk taking; lending policies
negative interest rates, negative for long, lending policies, banks capital ratio, risk taking
collateral constraints, buy-to-let investment, housing bubbles, switching bubbles, welfare
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buy-to-let investment, collateral constraints, housing bubbles, switching
banking competition, collateral constraints, housing prices
short-sales constraint, financial stability, market quality
price-to-rent ratio, collateral constraints, buy-to-let investment, multiple equilibria
Price-to-rent ratio, collateral constraints, buy-to-let investment, multiple equilibria
banking competition, lending spreads, collateral constraints, monetary policy, linear-quadratic method
unconventional monetary policy, Corporate Sector Purchase Programme, quantitative
European Central Bank, asset purchases, refinancing operations
firm heterogeneity, Bertrand competition, Phillips curve, market share
negative interest rates; risk-taking; lending policies
central bank balance sheet, interbank market, search and matching frictions, reserves, zero lower bound
deleveraging, collateral constraints, long-run debt, structural reforms
monetary union, deleveraging, zero lower bound, structural reforms, synergies
monetary union, deleveraging, zero lower bound, structural reforms, fiscal expansion, forward guidance, synergies
Fiscal-monetary interactions, Fiscal Theory of the Price Level, interest rate peg, equilibrium (in)determinacy
Investment and credit, pledgeability premium, collateral constraints, sectoral allocation, housing
central bank balance sheet, unconventional monetary policy, reinvestments
Hyperinflation, Fiscal-Monetary Reform, Multiple Equilibria, Hysteresis
Recovery Fund, sovereign debt, European economic governance, European Union, fiscal policy
monetary union, internal devaluation, structural reforms, zero lower bound, policy sequencing
internal devaluation, monetary union, policy sequencing, Structural reforms, zero lower bound