This research outlines the Phillips Curve history, examines recent developments in the unemployment – inflation research (especially since the Great Recession and its impact on price and wage inflation dynamics) and takes a fresh look at explaining median wage growth movements with a...

This essay examines unconventional monetary policy with a view on payment of Interest On Excess Reserves (IOER) and how it is important in order to achieve the central bank targets.It starts by describing conventional monetary policy followed by an examination of modern monetary regimes which...

This paper presents a theoretical model of bank loan pricing in an imperfectly competitive interbank market under Basel capital requirements. It is based on the relevant work by Ruthenberg and Landskroner (2008) who develop a model along the same lines, although our model incorporates more...