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The Economic Consequences of the Franc Poincare

Eichengreen, Barry - 1986

In this paper we reassess the cyclical performance of the French economy in the 1920s, focusing in particular on the … exports as a share of GDP turned down as early as 1928, the economy continued to expand for several subsequent years …. Investment, not exports, emerges as the proximate source of the French economy's resistance to the Great Depression. And fiscal …

Persistent link: https://www.econbiz.de/10012477005

International Coordination in the Design of Macroeconomic Policy Rules

Taylor, John B. - 1984

The paper examines international issues that arise in the design and evaluation of macroeconomic policy rules. It begins with a theoretical investigation of the effects of fiscal and monetary policy in a two-country rational expectations model with staggered wage and price setting and with...

Persistent link: https://www.econbiz.de/10012477580

From Great Depression to Great Credit Crisis : Similarities, Differences and Lessons

Almunia, Miguel - 2009

The Great Depression of the 1930s and the Great Credit Crisis of the 2000s had similar causes but elicited strikingly different policy responses. It may still be too early to assess the effectiveness of current policy responses, but it is possible to analyze monetary and fiscal policies in the...

Persistent link: https://www.econbiz.de/10012463125

Before the Accord : U.S. Monetary-Financial Policy 1945-51

Eichengreen, Barry - 1990

Thia paper analyzes U.S. monetary-financial policy in the period leading up to the Treasury-Fed Accord. We model policy as an implicit target zone for the price level and an explicit zone for interest rates, and the difficulties on the eve of the Accord as an incipient run on a collapsing...

Persistent link: https://www.econbiz.de/10012475653

Estimated Impact of the Fed's Mortgage-Backed Securities Purchase Program

Stroebel, Johannes C. - 2009

We examine the quantitative impact of the Federal Reserve's mortgage-backed securities (MBS) purchase program. We focus on how much of the recent decline in mortgage interest rate spreads can be attributed to these purchases. The question is more difficult than frequently perceived because of...

Persistent link: https://www.econbiz.de/10012463024

Surprising Comparative Properties of Monetary Models : Results from a New Data Base

Taylor, John B. - 2009

In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy …

Persistent link: https://www.econbiz.de/10012463799

From Benign Neglect to Malignant Preoccupation : U.S. Balance-of-Payments Policy in the 1960s

Eichengreen, Barry - 2000

expanding world economy was dollar balances. The role of the United States was to act as banker to the world, borrowing short …

Persistent link: https://www.econbiz.de/10012471141

Trade Policy as an Input to Development

Krueger, Anne O. - 1980

My topic is the question: what difference does the set of commercial policies chosen by a developing country make to its rate of economic growth? Three points are salient. First, in its present state, trade theory provides little guidance as to the role of trade policy and trade strategy in...

Persistent link: https://www.econbiz.de/10012478674

International Economic Policy : Was There a Bush Doctrine?

Eichengreen, Barry - 2008

While many political scientists and diplomatic historians see the Bush presidency as a distinctive epoch in American foreign policy, we argue that there was no Bush Doctrine in foreign economic policy. The Bush administration sought to advance a free trade agenda but could not avoid the use of...

Persistent link: https://www.econbiz.de/10012464815

Trade Policy and Economic Development : How We Learn

Krueger, Anne O. - 1997

Ideas with regard to trade policy and economic development have changed radically since the 1950s. Then and now, it was recognized that trade policy was central to the overall design of policies for economic development. But in the early days, there was a broad consensus that trade policy for...

Persistent link: https://www.econbiz.de/10012472932