UC Riverside

In this essay, there are three different papers regarding monetary policy and bank regulation. Welfare effect of currency substitution when private cryptocurrency is available is examined in the first paper. Modernized linear Taylor rule by relaxing the original assumption of the fixed natural rate of interest and implicit inflation target rate is studied in the third paper. The potential window dressing behavior of U.S. Global Systemic Important Banks is empirically examined in the second paper by using simple linear regression models.