We discuss the implications of the risk-taking channel for monetary policy transmission, optimal monetary policy, and financial stability. Adrian, Tobias, and Fernando M. Duarte. 2016. "Financial ...

Comprehensive, country-specific understanding of housing and mortgage markets can help calibrate monetary policy ...

This would ultimately reduce the effectiveness of monetary policy because these alternatives are not denominated in the domestic unit of account. Lastly and importantly, little is known about how a ...

Scharfstein, David S., and Adi Sunderam. "Market Power in Mortgage Lending and the Transmission of Monetary Policy." April 2015. Mimeo.

Remarks by Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System at “Reassessing the Effectiveness and Transmission of Monetary Policy,” an economic symposium sponsored by ...