We study optimal monetary policy in an analytically tractable New Key-nesian DSGE-model with an emission externality … though this would be feasible. Real externalities affect the LQ-approximation to optimal monetary policy and we extend the …, optimal monetary policy places a larger weight on output stabilization and targets a non-zero natural output gap, implying a …

This paper investigates how different parametrisations of the monetary policy reaction function and different … results show that, under the hybrid expectations, the terminal monetary policy rate is significantly higher than under the …

This paper investigates the link between bank-firm lending relationships and monetary policy pass-through, focusing on … that the composition of relationship lengths in the economy matters for aggregate monetary policy pass-through. The …

We document a novel transmission channel of monetary policy through the homeowners insurance market. On average …, contractionary monetary policy shocks result in higher homeowners insurance prices. Using granular data on insurers' balance sheets … policy on real estate and mortgage markets by making housing less affordable. We find that monetary policy shocks have a …