Cover and contents (PDF, 4 pages, 214 kb)
Monetary Policy inertia or Persistent Shocks: a DSGE Analysis
by Julio Carrillo, Patrick Fève, and Julien Matheron
The Role of the Bias in Crafting Consensus: FOMC Decision Making in the Greenspan Era
by Henry W. Chappell, Jr., Rob Roy McGregor, and Todd A. Vermilyea
Low Nominal Interest Rates: A Public Finance Perspective
by Noritaka Kudoh
Inflation Convergence and Divergence within the European Monetary Union
by Fabio Busetti, Lorenzo Forni, Andrew Harvey, and Fabrizio Venditti
Interbank Exposures: An Empirical Examination of Contagion Risk in the Belgian Banking System
by Hans Degryse and Grégory Nguyen
Is Moderate-to-High Inflation Inherently Unstable?
by Michael T. Kiley