Similar Search Results

The Imbalances of the Bretton Woods System 1965 to 1973 : U.S. Inflation, the Elephant in the Room

Bordo, Michael D. - 2018

This paper argues that the key deep underlying fundamental for the growing international imbalances leading to the collapse of the Bretton Woods system between 1971 and 1973 was rising U.S. inflation since 1965. It was driven in turn by expansionary fiscal and monetary policies—the elephant in...

Persistent link: https://www.econbiz.de/10012906267

The imbalances of the Bretton Woods system 1965 to 1973 : U.S. inflation, the elephant in the room

Bordo, Michael D. - 2018

Persistent link: https://www.econbiz.de/10011981874

Fiscal adjustments in OECD countries : composition and macroeconomic effects

Alesina, Alberto - 1996

Persistent link: https://www.econbiz.de/10000949023

Fiscal Adjustments in OECD Countries : Composition and Macroeconomic Effects

Alesina, Alberto; Perotti, Roberto - 2021

This ppaer studies how the composition of fiscal adjustments influences their likelihood of success, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage bill...

Persistent link: https://www.econbiz.de/10013244895

Federal Reserve policy and Bretton Woods

Bordo, Michael D.; Humpage, Owen F. - 2014

Persistent link: https://www.econbiz.de/10010441403

Fiscal and Financial Crises

Bordo, Michael D. - 2016

Interconnections between banking crises and fiscal crises have a long history. We document the long-run evolution from classic banking panics towards modern banking crises where financial guarantees are associated with crisis resolution. Recent crises feature a feedback loop between bank...

Persistent link: https://www.econbiz.de/10012997361

Deflation and monetary policy in a historical perspective : remembering the past or being condemned to repeat it?

Bordo, Michael D.; Filardo, Andrew J. - 2004

Persistent link: https://www.econbiz.de/10002380169

Is Deflation Depressing? Evidence from the Classical Gold Standard

Bordo, Michael D.; Redish, Angela - 2021

which could intervene in the gold market to shield the domestic economy from external conditions. We proceed by identifying … separate supply' shocks, money supply shocks and demand shocks using a Blanchard-Quah methodology. We model the economy as a … small open economy on the gold standard and identify the shocks by imposing long run restrictions on the impact of the …

Persistent link: https://www.econbiz.de/10013220513

Credit Crises, Money and Contractions : An Historical View

Bordo, Michael D. - 2010

The relatively infrequent nature of major credit distress events makes an historical approach particularly useful. Using a combination of historical narrative and econometric techniques, we identify major periods of credit distress from 1875 to 2007, examine the extent to which credit distress...

Persistent link: https://www.econbiz.de/10013150829

Deflation and Monetary Policy in a Historical Perspective : Remembering the Past or Being Condemned to Repeat it?

Bordo, Michael D.; Filardo, Andrew J. - 2021

What does the historical record tell us about how to conduct monetary policy in a deflationary environment? We present a broad cross-country historical study of deflation over the past two centuries in order to shed light on current policy challenges. We first review the theoretical literature...

Persistent link: https://www.econbiz.de/10013248272