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Differential Effects of Macroprudential Policy

Author/Editor: Nina Biljanovska, Sophia Chen.

Release Date:February, 2023

We explore the differential effects of lender-based macroprudential policies on new mortgage borrowing for households of different income using a comprehensive dataset that links macroprudential more...



Price: $20.00
Sudden Stops and Optimal Policy in a Two-agent Economy

Author/Editor: Nina Biljanovska, Alexandros Vardoulakis.

Release Date:July, 2022

We introduce heterogeneity in terms of workers and entrepreneurs in an otherwise standard Fisherian model to study Sudden Stop dynamics and optimal policy. We show that the distinction between more...



Price: $20.00
Financial Amplification of Labor Supply Shocks

Author/Editor: Nina Biljanovska, Alexandros Vardoulakis.

Release Date:September, 2020

We study how financial frictions amplify labor supply shocks in a macroeconomic model with occasionally binding financing constraints. Workers supply labor to entrepreneurs who borrow to purchase more...



Price: $18.00
Optimal Macroprudential Policy and Asset Price Bubbles

Author/Editor: Nina Biljanovska, Lucyna Gornicka, Alexandros Vardoulakis.

Release Date:August, 2019

An asset bubble relaxes collateral constraints and increases borrowing by credit-constrained agents. At the same time, as the bubble deflates when constraints start binding, it amplifies downturns. more...



Price: $5.00
Structural Reform Priorities for Brazil

Author/Editor: Nina Biljanovska, Damiano Sandri.

Release Date:October, 2018

Over the last few decades, Brazil has experienced relatively weak economic growth due to stagnant productivity. To boost productivity, Brazil should embark on an ambitious structural reform process. more...



Price: $18.00
Fear Thy Neighbor: Spillovers from Economic Policy Uncertainty

Author/Editor: Nina Biljanovska, Francesco Grigoli, Martina Hengge.

Release Date:November, 2017

High levels of economic policy uncertainty in various parts of the world revamped the de- bate about its impact on economic activity. With increasingly stronger economic, fi nancial, more...



Price: $18.00
Testing Shock Transmission Channels to Low-Income Developing Countries

Author/Editor: Nina Biljanovska, Alexis Meyer-Cirkel.

Release Date:May, 2016

The paper examines the transmission of business cycle fluctuations and credit conditions from advanced and emerging market economies to Low-Income Developing Countries (LIDCs), using a more...



Price: $18.00