Brookings Papers on Economic Activity
Front Cover -- Title Page -- Copyright Information -- Table of Contents -- The European Central Bank's Monetary Policy during Its First 20 Years -- Comments and Discussion -- Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia -- Comments and Discussion -- The Real Effects of Disrupted Credit: Evidence from the Global Financial Crisis -- Comments and Discussion -- The Cyclical Sensitivity in Estimates of Potential Output -- Comments and Discussion -- Should the Federal Reserve Regularly Evaluate Its Monetary Policy Framework? -- Comments and Discussion -- Monetary Policy at the Effective Lower Bound: Less Potent? More International? More Sticky? -- The Efficacy of Large-Scale Asset Purchases When the Short-Term Interest Rate Is at Its Effective Lower Bound -- The Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates -- Comments on Monetary Policy at the Effective Lower Bound.