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Author:Canzoneri, Matthew B. 

Conference Paper
Noncooperative monetary policies in interdependent economies: time consistency and reputation

Proceedings

Working Paper
Exchange intervention policy in a multiple country world

International Finance Discussion Papers , Paper 174

Working Paper
Wage contracting, exchange rate volatility, and exchange intervention policy

International Finance Discussion Papers , Paper 212

Working Paper
Wealth effects in the new neoclassical models

International Finance Discussion Papers , Paper 158

Conference Paper
Price- and wage- inflation targeting: variations on a theme by Erceg, Henderson, and Levin

Proceedings

Working Paper
The effects of exchange rate variability on output and employment

International Finance Discussion Papers , Paper 240

Working Paper
Two essays on monetary policy in an interdependent world

International Finance Discussion Papers , Paper 219

Conference Paper
A new interpretation of the coordination problem and its empirical significance

Proceedings

Working Paper
Optimal Dynamic Capital Requirements and Implementable Capital Buffer Rules

We build a quantitatively relevant macroeconomic model with endogenous risk-taking. In our model, deposit insurance and limited liability can lead banks to make risky loans that are socially inefficient. This excessive risk-taking can be triggered by aggregate or sectoral shocks that reduce the return on safer loans. Excessive risk-taking can be avoided by raising bank capital requirements, but unnecessarily tight requirements lower welfare by limiting liquidity producing bank deposits. Consequently, optimal capital requirements are dynamic (or state contingent). We provide examples in which ...
Finance and Economics Discussion Series , Paper 2020-056

Working Paper
The macroeconomic implications of labor contracting with asymmetric information

International Finance Discussion Papers , Paper 248

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