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Inflation-forecast targeting : applying the principle of transparency

Clinton, Kevin; Freedman, Charles; Juillard, Michel; … - 2015

Persistent link: https://www.econbiz.de/10011374757

Much ado about nothing : a study of differential pricing and liquidity of short and long term bonds

Driessen, Joost; Nijman, Theodore E.; Simon, Zorka - 2018

, flight-to-safety or liquidity premiums? Using data on German nominal bonds between 2005 and 2015, we study the differential … pricing and liquidity of short and long maturity bonds. We find statistically significant, but economically negligible … segmentation in yields and some degree of liquidity segmentation of short-term versus long-term bonds. These results have important …

Persistent link: https://www.econbiz.de/10011940016

Impact of demographic changes on inflation and the macroeconomy

Yoon, Jong-won; Kim, Jinill; Lee, Jungjin - 2014

Persistent link: https://www.econbiz.de/10010479415

Does the clarity of inflation reports affect volatility in financial markets?

Bulíř, Aleš; Čihák, Martin; Jansen, David-Jan - 2014

Persistent link: https://www.econbiz.de/10010441876

Food inflation in India : the role for monetary policy

Anand, Rahul; Ding, Ding; Tulin, Volodymyr - 2014

Persistent link: https://www.econbiz.de/10010441878

Fiscal policy and the cycle in Latin America : the role of financing conditions and fiscal rules

Alberola, Enrique; Kataryniuk, Iván; Melguizo, Ángel; … - 2017

A stronger macroeconomic position when the financial crisis erupted allowed Latin American economies to mitigate its impact through fiscal expansions, reversing the characteristic procyclical behaviour of fiscal policy. At the same time, in the last two decades fiscal rules have been extensively...

Persistent link: https://www.econbiz.de/10011690481

Second liens and the holdup problem in mortgage renegotiation

Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2014

When borrowers are delinquent, senior debtholders prefer liquidation whereas junior debtholders prefer to maintain their option value by delaying resolution or modifying the loan. In the mortgage market, a conflict of interest (“holdup”) arises when servicers of securitized senior liens are...

Persistent link: https://www.econbiz.de/10010353293

Liquidity provision : normal times vs crashes

Jagannathan, Ravi; Pelizzon, Loriana; Schaumburg, Ernst; … - 2019

We study the role of various trader types in providing liquidity in spot and futures markets based on data from the … overnight are the primary liquidity providers in both spot and futures markets. We have two crashes in our sample, both … in both markets. Market stability may require the presence of well-capitalized standby liquidity providers for recovery …

Persistent link: https://www.econbiz.de/10012118270

Decentralized Lending : Empirical Analysis of Interest and Liquidation Mechanisms

Schaible, Matthias - 2022

This book deals with the concept of Decentralized Lending on the Blockchain. In order to familiarize with the topic, the basic principles of the underlying technology, such as blockchain, smart contracts or the general architecture of Decentralized Finance, are highlighted. More specific points...

Persistent link: https://www.econbiz.de/10013349762

Exit strategies

Angeloni, Ignazio; Faia, Ester; Winkler, Roland - 2014 - First draft: August 2010. This draft: April 2014

We study alternative scenarios for exiting the post-crisis fiscal and monetary accommodation using a macromodel where banks choose their capital structure and are subject to runs. Under a Taylor rule, the post-crisis interest rate hits the zero lower bound (ZLB) and remains there for several...

Persistent link: https://www.econbiz.de/10010354007