• Financial Globalization and Bank Lending : The Limits of Domestic Monetary Policy? 

      Cao, Jin; Dinger, Valeriya (Working papers;4/2018, Working paper, 2018)
      We empirically analyze how bank lending reacts to monetary policy in the presence of global financial flows. Employing a unique and novel dataset of the funding modes and currency composition of the full population of ...
    • Identifying the depreciation rate of durables from marginal spending responses 

      Cao, Jin; Cui, Chao; Dinger, Valeriya; Holm, Martin B.; Kang, Shulong (Working paper;1/2022, Working paper, 2022)
      This paper presents a novel method to estimate the depreciation rate of durable goods using a combination of identified marginal and average spending shares. We apply our method to Chinese spending responses to disposable ...
    • The interaction between macroprudential and monetary policies: The cases of Norway and Sweden 

      Cao, Jin; Dinger, Valeriya; Grodecka-Messi, Anna; Juelsrud, Ragnar; Zhang, Xin (Working Paper;8/2020, Working paper, 2020)
      To shed light on the interaction between macroprudential and monetary policies, we study the inward transmission of foreign monetary policy in conjunction with domestic macroprudential and monetary policies in Norway and ...
    • Monetary policy spillover to small open economies: Is the transmission different under low interest rates? 

      Cao, Jin; Dinger, Valeriya; Gómez, Tomás; Gric, Zuzana; Hodula, Martin; Jara, Alejandro; Juelsrud, Ragnar; Liaudinskas, Karolis; Malovaná, Simona; Terajima, Yaz (Working Paper;12/2021, Working paper, 2021)
      We explore the impact of low and negative monetary policy rates in core world economies on bank lending in four small open economies – Canada, Chile, the Czech Republic and Norway – using confidential bank-level data. Our ...