Working Paper
Optimal Dynamic Capital Requirements and Implementable Capital Buffer Rules
Canzoneri, Matthew B.; Diba, Behzad T.; Guerrieri, Luca; Mishin, Arsenii (2020-08-06)
We build a quantitatively relevant macroeconomic model with endogenous risk-taking. In our model, deposit insurance and limited liability can lead banks to make risky loans that are socially inefficient. This excessive risk-taking can be triggered by aggregate or sectoral shocks that reduce the return on safer loans. Excessive risk-taking can be avoided by raising bank capital requirements, but unnecessarily tight requirements lower welfare by limiting liquidity producing bank deposits. Consequently, optimal capital requirements are dynamic (or state contingent). We provide examples in which ...
Finance and Economics Discussion Series , Paper 2020-056

Conference Paper
Price- and wage- inflation targeting: variations on a theme by Erceg, Henderson, and Levin
Canzoneri, Matthew B.; Diba, Behzad T.; Cumby, Robert E. (2005)
Proceedings

Journal Article
Private-sector decisions and the U.S. trade deficit
Diba, Behzad T. (1988-09)
Business Review , Issue Sep , Pages 15-24

Working Paper
Money, inflation and the expected real interest rate
Oh, Seonghwan; Diba, Behzad T. (1989)
Working Papers , Paper 89-8

Working Paper
Bubbles and stock price volatility
Diba, Behzad T. (1989)
Working Papers , Paper 89-19

Working Paper
Rational bubbles in stock prices?
Diba, Behzad T.; Grossman, Herschel I. (1987)
Working Papers , Paper 87-20

Conference Paper
Bubbles and stock-price volatility
Diba, Behzad T. (1988)
Proceedings

Conference Paper
Should the European Central Bank and the Federal Reserve be concerned about fiscal policy?
Canzoneri, Matthew B.; Diba, Behzad T.; Cumby, Robert E. (2002)
Proceedings - Economic Policy Symposium - Jackson Hole

Working Paper
Have money-stock fluctuations had a liquidity effect on expected real interest rates?
Oh, Seonghwan; Diba, Behzad T. (1988)
Working Papers , Paper 88-19