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cannot detect a signi.cant contribution of fiscal policies in stabilizing the US economy. For instance, the 2007-2009 large …
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the context of distinguishing the real economy from the financial economy. A theoretical framework is developed to explain … types within the financial economy. Monetary transmission mechanisms are set into a framework that helps explain how QE … stimulus risks combining asset price bubbles with poor growth in the real economy. The real economy transmission mechanism of …
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I estimate the comparative causal effects of monetary policy "leaning against the wind" (LAW) and macroprudential policy on bank-level lending and leverage by drawing on a single natural experiment. In 1920, when U.S. monetary policy was still decentralized, four Federal Reserve Banks...
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significant contraction of the economy. Deteriorating health conditions are disruptive to the labor supply, financial health, and …
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This research is the earliest attempt to understand the impact of inflation and the interest rate on output growth in the context of Pakistan using the wavelet transformation approach. For this study, we used monthly data on inflation, the interest rate, and industrial production from January...
Persistent link: https://www.econbiz.de/10012605914
In a context characterized by an increasing integration among financial markets, we aim to analyze whether the ECB unconventional monetary policy shields the Eurozone stock markets against spillovers of volatility from the US stock market. We augment the Markov switching Asymmetric...
Persistent link: https://www.econbiz.de/10012587787