Overheating in Credit Markets: Origins, Measurement, and Policy Responses

By Jeremy C. Stein. 2013

258 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/ce6cab527e5c856c08a4ac17c1cfd5c92b455173

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Citations in the corpus

Competitive monetary easing: is it yesterday once more? (2014, background): “In part, this is because, as Fed Governor Stein so succinctly puts it, monetary policy ‘gets into every crack’, including the unregulated part of the financial system (Stein 2013).”
Can non-interest rate policies stabilize housing markets? Evidence from a panel of 57 economies (2016, background): “Others have argued that there is a role for interest rate policy in ensuring financial stability (e.g. Borio (2011), Eichengreen et al. (2011), King (2013), Mishkin (2011), Stein (2013) and Woodford (2012)).”
Monetary Policy and Financial Stability: What Role in Prevention and Recovery? (2014, unknown): “Or, as Jeremy Stein (2013) recently put it, it reaches all of the cracks.”
Greening monetary policy (2019, background): “A key element of a tilting approach is that the ECB remains present in the entire market for eligible assets, which guarantees that monetary policy gets in ‘all of the cracks’ of the economy (Stein, 2013, p. 17).”
Market Tantrums and Monetary Policy (2014, unknown): “See Stein (2013) for other perverse incentives that are created by these kinds of delegated arrangements that can also lead to potential financial stability challenges.”
Issuer Quality and Corporate Bond Returns (2013, background): “More recently, Stein (2013) suggests that “one of the most difficult jobs that central banks face is in dealing with episodes of credit market overheating.””
Monetary Transmission through Shadow Banks (2018, unknown): “5 policy should also be used to promote financial stability (Borio and Zhu 2012; Stein 2012; Ajello et al. 2015).”
Effects of Unconventional Monetary Policy on Financial Institutions (2014, methodology): “The following sections give explicit examples of why some financial institutions might reach for yield (see also Stein, 2013a).”