Blar i BI Open på tidsskrift "Review of Economic Studies"

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    • Negative nominal interest rates and the bank lending channel 

      Eggertsson, Gauti; Summers, Lawrence H.; Juelsrud, Ragnar Enger; Wold, Ella Getz (Peer reviewed; Journal article, 2023)
      We investigate the bank lending channel of negative nominal policy rates from an empirical and theoretical perspective. For the empirical results we rely on Swedish data, including daily banklevel lending rates. We find ...

    • Slicing the Pie: Quantifying the Aggregate and Distributional Effects of Trade 

      Galle, Simon; Rodriguez-Clare, Andres; Yi, Moises (Journal article; Peer reviewed, 2023)
      We develop a multi-sector gravity model with heterogeneous workers to quantify the aggregate and group-level welfare effects of trade. The model generalizes the specific-factors intuition to a setting with labour reallocation, ...