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  • Aloísio Araújo, Susan Schommer, and Michael Woodford, Lessons from the Financial Crisis for Monetary Policy (American Economic Journal: Macroeconomics, Volume 7, no. 1, 2013), chap. 1, https://www.nber.org/books-and-chapters/lessons-financial-crisis-monetary-policy/conventional-and-unconventional-monetary-policy-endogenous-collateral-constraints.

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- Working Paper
We consider the effects of central-bank purchases of a risky asset, financed by issuing riskless nominal liabilities (...

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