Chi, Chun-Che <br/><br/>
Optimal Bank Reserve Remuneration and Capital Control Policy 

 -  American Economic Journal: Macroeconomics  2025 
 - 203-244 
<br/><br/> A central prediction of open economy models with a pecuniary externality due to a collateral constraint is that the unregulated economy overborrows relative to what occurs under optimal policy. A maintained assumption in this literature is that households 
<br/><br/><label>ISSN: </label>1945-7707 
<br/><br/><label>Subjects--Topical Terms: </label><br/> Capital Controls<br/> Central Banks and Their Policies<br/> Mortgages<br/> Open Economy Macroeconomics<br/>Household Finance