scholarly journals Monetary Policy and the Asset Risk‐Taking Channel

2019 ◽  
Vol 51 (8) ◽  
pp. 2115-2144 ◽  
Author(s):  
ANGELA ABBATE ◽  
DOMINIK THALER
Keyword(s):  
Monetary Policy ◽  
Risk Taking ◽  
Asset Risk

Monetary Policy, Bank Regulation and Risk-Taking

2017 ◽  
Author(s):  
Gabriel Amobila Aboyadana ◽  
Lucy Boachie-Mensah Aboyadana
Keyword(s):  
Monetary Policy ◽  
Risk Taking ◽  
Bank Regulation ◽  
Policy Bank

scholarly journals Monetary and Macroprudential Policy with Endogenous Risk

2020 ◽  
Vol 20 (236) ◽  
Author(s):  
Tobias Adrian ◽  
Fernando Duarte ◽  
Nellie Liang ◽  
Pawel Zabczyk
Keyword(s):  
Monetary Policy ◽  
Interest Rates ◽  
Risk Taking ◽  
New Keynesian ◽  
Output Gap ◽  
Macroprudential Policy ◽  
Endogenous Risk ◽  
Nk Model ◽  
Risk Return ◽  
Financial Conditions

We extend the New Keynesian (NK) model to include endogenous risk. Lower interest rates not only shift consumption intertemporally but also conditional output risk via their impact on risk-taking, giving rise to a vulnerability channel of monetary policy. The model fits the conditional output gap distribution and can account for medium-term increases in downside risks when financial conditions are loose. The policy prescriptions are very different from those in the standard NK model: monetary policy that focuses purely on inflation and output-gap stabilization can lead to instability. Macroprudential measures can mitigate the intertemporal risk-return tradeoff created by the vulnerability channel.

scholarly journals Investment Funds, Risk-Taking, and Monetary Policy in the Euro Area

2021 ◽  
Author(s):  
Margherita Giuzio ◽  
Christoph Kaufmann ◽  
Ellen Ryan ◽  
Lorenzo Cappiello
Keyword(s):  
Monetary Policy ◽  
Euro Area ◽  
Risk Taking ◽  
Investment Funds

Monetary policy uncertainty and firm risk-taking

2021 ◽  
pp. 101695
Author(s):  
Weijie Luo ◽  
Yong Wang ◽  
Xiaoge Zhang
Keyword(s):  
Monetary Policy ◽  
Risk Taking ◽  
Policy Uncertainty ◽  
Firm Risk
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