THE “SOLVENCY RULE” OF THE CENTRAL BANKER

An alternative view of the actual role of monetary authorities

 

 

 

Brancaccio, E., Giammetti, R., Lopreite, M., Puliga, M. (2022). Convergence in solvency and capital centralization: a B-VAR analysis for High-Income and Euro area countries. Metroeconomica, 74 (1), pp. 40-73 (first published online: 18 June 2022). DOI: 10.1111/meca.12401.

Brancaccio, E., Moneta, A., Lopreite, M., Califano, A. (2020). Nonperforming Loans and Competing Rules of Monetary Policy: a Statistical Identification Approach. Structural Change and Economic Dynamics. Volume 53, pages 127-136 (available online: 10 February) . DOI: 10.1016/j.strueco.2020.02.001.

Brancaccio, E., Giammetti, R., Lopreite, M., Puliga, M. (2019). Monetary Policy, Crisis and Capital Centralization in Corporate Ownership and Control Networks: a B-Var Analysis. Structural Change and Economic Dynamics, Volume 51, December, pages 55-66. ISSN: 0954-349X (online 1873-6017). DOI: 10.1016/j.strueco.2019.08.005.

Brancaccio, E., Suppa, D. (2018). The “Solvency Rule” of the Central Banker in a Monetary Scheme of Reproduction, Bulletin of Political Economy, 1-2, pp. 77-98. ISSN:  0973-5747.

Brancaccio, E., Fontana, G. (2016). ‘Solvency rule’ and capital centralisation in a monetary union, Cambridge Journal of Economics, 40 (4). ISSN: 0309-166X. DOI: 10.1093/cje/bev068.

Brancaccio, E., Fontana, G., Lopreite, M., Realfonzo, R. (2015). Monetary policy rules and directions of causality: a test for the Euro Area, Journal of Post Keynesian Economics, 38 (4). Print ISSN: 0160-3477 Online ISSN: 1557-7821. DOI: 10.1080/01603477.2015.1107495.

Brancaccio, E., Fontana G. (2013). Solvency rule versus Taylor rule: an alternative interpretation of the relation between monetary policy and the economic crisis. Cambridge Journal of Economics, 37, 1. ISSN: 0309-166X. DOI: 10.1093/cje/bes028.

Brancaccio, E. (2010). Una critica delle interpretazioni della crisi basate sulla “regola di Taylor”, in id. La crisi del pensiero unico, Franco Angeli, 2° edizione. ISBN: 9788856824209.

Brancaccio, E. (2009). The Central Banker as “Regulator” of Conflict. In Fontana, G., Setterfield, M. Macroeconomic Theory and Macroeconomic Pedagogy. Palgrave Macmillan. ISBN: 9780230291669.

Brancaccio, E. (2008). Solvency and labour effort in a monetary theory of reproduction. European Journal of Economic and Social Systems, vol. 21, 2. ISSN: 1292-8895.