Showing 1 - 10 of 63
"This paper examines what transformed a significant, but relatively mild, financial disruption into a full-fledged financial crisis. It discusses why, although the Lehman Brothers bankruptcy was a key trigger for the global financial crisis, three other events were at least as important: the AIG...
Persistent link: https://www.econbiz.de/10008780452
"This paper examines what we have learned and how we should change our thinking about monetary policy strategy in the aftermath of the 2007-2009 financial crisis. It starts with a discussion of where the science of monetary policy was before the crisis and how central banks viewed monetary...
Persistent link: https://www.econbiz.de/10008856005
Experience with monetary targeting suggests that although it successfully controlled inflation in Switzerland and especially Germany, the special conditions that made it work reasonably well in those two countries are unlikely to be satisfied elsewhere. Inflation targeting is more likely to...
Persistent link: https://www.econbiz.de/10010523952
In recent years we have seen a growing number of banking and financial crises in emerging market countries, with great costs to their economies. But we now have a much better understanding of why these crises occur and a better idea how they can be prevented
Persistent link: https://www.econbiz.de/10010523953
Persistent link: https://www.econbiz.de/10011366849
Persistent link: https://www.econbiz.de/10011787727
Persistent link: https://www.econbiz.de/10013475753
A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the macroeconomics and finance literature: those which emphasize the effects from unanticipated, rather than anticipated, movements in...
Persistent link: https://www.econbiz.de/10014488231
Persistent link: https://www.econbiz.de/10012091348
Persistent link: https://www.econbiz.de/10003989707