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The international transmission of monetary policy

Buch, Claudia M.; Bussière, Matthieu; Goldberg, Linda S.; … - 2018

This paper presents the novel results from an internationally coordinated project by the International Banking Research Network (IBRN) on the cross-border transmission of conventional and unconventional monetary policy through banks. Teams from seventeen countries use confidential micro-banking...

Persistent link: https://www.econbiz.de/10011864739

Are financial constraints priced? : evidence from firm fundamentals and stock returns

Campello, Murillo; Chen, Long - In: Journal of money, credit and banking : JMCB 42 (2010) 6, pp. 1185-1198

Persistent link: https://www.econbiz.de/10008821685

Macroeconomic factors and micro-level bank risk

Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2010

The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...

Persistent link: https://www.econbiz.de/10010302760

In search for yield? Survey-based evidence on bank risk taking

Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2011

There is growing consensus that the conduct of monetary policy can have an impact on stability through the risk-taking incentives of banks. Falling interest rates might induce a 'search for yield' and generate incentives to invest into risky activities. This paper provides evidence on the link...

Persistent link: https://www.econbiz.de/10010304726

The Allocation of Talent and U.S. Economic Growth

Hsieh, Chang-Tai - 2013

Over the last 50 years, there has been a remarkable convergence in the occupational distribution between white men, women, and blacks. We measure the macroeconomic consequences of this convergence through the prism of a Roy model of occupational choice in which women and blacks face frictions in...

Persistent link: https://www.econbiz.de/10013088678

The Future of U.S. Economic Growth

Fernald, John G. - 2015

Modern growth theory suggests that more than 3/4 of growth since 1950 reflects rising educational attainment and research intensity. As these transition dynamics fade, U.S. economic growth is likely to slow at some point. However, the rise of China, India, and other emerging economies may allow...

Persistent link: https://www.econbiz.de/10013034346

The Upcoming Slowdown in U.S. Economic Growth

Jones, Charles I. - 2021

research intensity, and the increased openness and development of the world economy. Such changes suggest, contrary to the … conventional view, that the U.S. economy is far from its steady state balanced growth path. The theoretical framework analyzed here … provides a coherent interpretation of this evidence and indicates that when these increases cease and the U.S. economy reaches …

Persistent link: https://www.econbiz.de/10013243934

Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run

Jones, Charles I. - 2021

simulated economy indicates that the single most important factor in the transition to modern growth has been the increase in …

Persistent link: https://www.econbiz.de/10013245308

The End of Economic Growth? Unintended Consequences of a Declining Population

Jones, Charles I. - 2022

In many models, economic growth is driven by people discovering new ideas. These models typically assume either a constant or a growing population. However, in high income countries today, fertility is already below its replacement rate: women are having fewer than two children on average. It is...

Persistent link: https://www.econbiz.de/10013323185

Crises, rescues, and policy transmission through international banks

Buch, Claudia M.; Koch, Cathérine Tahmee; Koetter, Michael - 2011

The World Financial Crisis has shaken the fundamentals of international banking and triggered a downward spiral of asset prices. To prevent a further meltdown of markets, governments have intervened massively through rescues measures aimed at recapitalizing banks and through liquidity support....

Persistent link: https://www.econbiz.de/10010306000