Monetary Discretion, Pricing Complementarity and Dynamic Multiple Equilibria



CFS Working Paper Series:

No.

Author(s)________________

Title_________________________________________________

2004/13

Klaus Adam

Roberto M. Billi

Optimal Monetary Policy under Commitment with
a Zero Bound on Nominal Interest Rates

2004/14

Günter Coenen

Volker Wieland

Exchange-Rate Policy and the Zero Bound on
Nominal Interest

2004/15

Klaus Adam

George W. Evans
Seppo Honkapohja

Are Stationary Hyperinflation Paths Learnable?

2004/16

Torben G. Andersen
Tim Bollerslev
Francis X. Diebold
Jin Wu

Realized Beta: Persistence and Predictability

2004/17

Uwe Walz

Douglas Cumming

Legality and Venture Governance around the
World

2004/18

Elena Carletti
Vittoria Cerasi
Sonja Daltung

Multiple-bank lending: diversification and
free-riding in monitoring

2004/19

Torben G. Andersen
Tim Bollerslev
Francis X. Diebold
Clara Vega

Real-Time Price Discovery in Stock, Bond and
Foreign Exchange Markets

2004/20

Lars Norden

Martin Weber

The comovement of credit default swap, bond and
stock markets: an empirical analysis

2004/21

Andreas Jobst

The Basle Securitisation Framework Explained:
The Regulatory Treatment of Asset Securitisation

2004/22

Robert G. King

Alexander L. Wolman

Monetary Discretion, Pricing Complementarity
and Dynamic Multiple Equilibria

Copies of working papers can be downloaded at http://www.ifk-cfs.de



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