Search Results - "Nikolov, Kalin"

Journal Article

Collateral amplification under complete markets

by Nikolov, Kalin Published in Journal of economic dynamics & control (01.08.2014)

“...This paper examines the robustness of the Kiyotaki–Moore collateral amplification mechanism to the existence of complete markets for aggregate risk. We show...”

Journal Article

GOVERNMENT DEBT AND BANKING FRAGILITY: THE SPREADING OF STRATEGIC UNCERTAINTY

by Cooper, Russell Nikolov, Kalin Published in International economic review (Philadelphia) (01.11.2018)

“...This article studies the interaction of government debt and financial markets. This interaction, termed a “diabolic loop,” is driven by government choice to...”

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Journal Article

Bubbles, banks and financial stability

by Aoki, Kosuke Nikolov, Kalin Published in Journal of monetary economics (01.09.2015)

“...The macroeconomic impact of rational bubbles in a limited commitment economy crucially depends on whether banks or ordinary savers hold the bubble. Banks hold...”

Journal Article

Winners and Losers in Housing Markets

by NOBUHIRO KIYOTAKI ALEXANDER MICHAELIDES KALIN NIKOLOV Published in Journal of money, credit and banking (01.03.2011)

“...This paper is a quantitatively oriented theoretical study into the interaction between housing prices, aggregate production, and household behavior over a...”

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Journal Article

Optimal Dynamic Capital Requirements

by MENDICINO, CATERINA NIKOLOV, KALIN SUAREZ, JAVIER SUPERA, DOMINIK Published in Journal of money, credit and banking (01.09.2018)

“...We characterize welfare maximizing capital requirement policies in a quantitative macrobanking model with household, firm, and bank defaults calibrated to Euro...”

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Journal Article

A Bayesian approach to optimal monetary policy with parameter and model uncertainty

by Cogley, Timothy De Paoli, Bianca Matthes, Christian Nikolov, Kalin Yates, Tony Published in Journal of economic dynamics & control (2011)

“...This paper undertakes a Bayesian analysis of optimal monetary policy for the U.K. We estimate a suite of monetary-policy models that include both forward- and...”

Journal Article

UK inflation in the 1970s and 1980s: the role of output gap mismeasurement

by Nelson, Edward Nikolov, Kalin Published in Journal of economics and business (2003)

“...Understanding the degree of error in estimates of the output gap available to policymakers in “real time” aids the formulation of monetary policy and the study...”

Journal Article

Monetary Policy and Stagflation in the UK

by Edward Nelson Kalin Nikolov Published in Journal of money, credit and banking (01.06.2004)

“...The volatile behavior of inflation, output, and interest rates in the United Kingdom prior to the 1990s helps discriminate between rival explanations for the...”

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Journal Article

GOVERNMENT DEBT AND BANKING FRAGILITY: THE SPREADING OF STRATEGIC UNCERTAINTY: GOVERNMENT DEBT AND BANKING FRAGILITY

by Cooper, Russell Nikolov, Kalin Published in International economic review (Philadelphia) (01.11.2018)

Journal Article

Collateral amplification under complete markets

by Nikolov, Kalin Published in Journal of economic dynamics & control (2014)

Journal Article

Bubbles, banks and financial stability

by Aoki, Kosuke Nikolov, Kalin Published in Journal of monetary economics (2015)

Journal Article

Macroprudential policy measures: macroeconomic impact and interaction with monetary policy

by Cozzi, Gabriele Matthieu Darracq Pariès, Matthieu Karadi, Peter Jenny Körner, Jenny Kok, Christoffer Mazelis, Falk Kalin Nikolov, Kalin Rancoita, Elena Van der Ghote, Alejandro Weber, Julien
2020, 2020

“...This paper examines the interactions of macroprudential and monetary policies. We find, using a range of macroeconomic models used at the European Central...”

Journal Article

Bank capital in the short and in the long run

by Mendicino, Caterina Nikolov, Kalin Suarez, Javier Supera, Dominik Published in Journal of monetary economics (01.11.2020)

“...•Capital requirement increases make banks safer and are beneficial in the long run.•But also entail transition costs: reduce credit supply and aggregate demand...”

Journal Article

Safe asset shortages and asset price bubbles

by Aoki, Kosuke Nakajima, Tomoyuki Nikolov, Kalin Published in Journal of mathematical economics (01.08.2014)

“...We build a model economy in which a shortage of safe assets can create conditions for intrinsically useless ‘safe’ bubble assets to circulate at a positive...”