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Death of a theory
Bullard, James - Federal Reserve Bank of St. Louis - 2012
"Death of a Theory," presented in St. Louis. January 13, 2012.
Persistent link: https://www.econbiz.de/10010727311
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Sneak preview: death of a theory
Bullard, James - Federal Reserve Bank of St. Louis - 2012
"SNEAK PREVIEW: Death of a Theory." Presented at the Korea-America Economic Association, Chicago, Illinois. January 7, 2012.
Persistent link: https://www.econbiz.de/10010727349
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Maturity shortening and market failure
Thierfelder, Felix - Deutsche Bundesbank - 2012
Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up … during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not … need to provide longer-term liquidity. The paper asks what market failure central banks were addressing by intervening and …
Persistent link: https://www.econbiz.de/10010957159
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Maturity shortening and market failure
Thierfelder, Felix - Deutsche Bundesbank - 2012
Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up … during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not … need to provide longer-term liquidity. The paper asks what market failure central banks were addressing by intervening and …
Persistent link: https://www.econbiz.de/10010535438
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Inflation, deflation, and uncertainty: What drives euro area option-implied inflation expectations and are they still anchored in the sovereign debt crisis?
Scharnagl, Michael; Stapf, Jelena - Deutsche Bundesbank - 2014
We tackle two questions in this paper: In the sovereign debt crisis, what moves the euro area inflation outlook and has the firm anchoring of medium to long-term inflation expectations been touched? Deriving densities from a new data set on options on the euro area harmonized index of consumer...
Persistent link: https://www.econbiz.de/10010957128
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On the response of interest rates to unexpected weekly money: are policy changes important?
Sheehan, Richard G.; Hafer, R.W. - Federal Reserve Bank of St. Louis - 1987
Persistent link: https://www.econbiz.de/10005360574
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Did the Great Inflation occur despite policymaker commitment to a Taylor rule?
Bullard, James B.; Eusepi, Stefano - Federal Reserve Bank of St. Louis - 2004
We study the hypothesis that misperceptions of trend productivity growth during the onset of the productivity slowdown in the U.S. caused much of the great inflation of the 1970s. We use the general equilibrium, sticky price framework of Woodford (2003), augmented with learning using the...
Persistent link: https://www.econbiz.de/10005360610
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Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers
Leith, Campbell; von Thadden, Leopold - Deutsche Bundesbank - 2006
This paper develops a small New Keynesian model with capital accumulation and government debt dynamics. The paper discusses the design of simple monetary and fiscal policy rules consistent with determinate equilibrium dynamics in the absence of Ricardian equivalence. Under this assumption,...
Persistent link: https://www.econbiz.de/10005083241
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Aleksander Berentsen and Cycil Monnet, "monetary policy in a channel system."
Bullard, James - Federal Reserve Bank of St. Louis - 2008
Discussed at the Workshop on Monetary and Macroeconomics. Sponsored by the Federal Reserve Bank of Philadelphia, the Penn Institute of Economic Research, and the International Economic Review.
Persistent link: https://www.econbiz.de/10010727285
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The tapering debate: data and tools
Bullard, James - Federal Reserve Bank of St. Louis - 2013
November 1, 2013. Presentation. "The Tapering Debate: Data and Tools." Financial Forum, St. Louis Regional Chamber.
Persistent link: https://www.econbiz.de/10010727286