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Using extraneous information to analyze monetary policy in transition economies

Gavin, William T.; Kemme, David M. - Federal Reserve Bank of St. Louis - 2007

Empirical work in macroeconomics is plagued by small sample size and large idiosyncratic variation. This problem is especially severe in the case of transition economies. We use a mixed estimation method incorporating information from OECD country data to estimate the parameters of a...

Persistent link: https://www.econbiz.de/10005490941

The simple analytics of money and credit in a quasi-linear environment

Andolfatto, David - Federal Reserve Bank of St. Louis - 2011

Lagos and Wright (2005) demonstrate how the essential properties of a money-search model are preserved in an … markets under limited commitment and private information. The analysis demonstrates clearly how insurance, credit, and money … the Friedman rule. In particular, I find that the same frictions that render money essential may at the same time operate …

Persistent link: https://www.econbiz.de/10009357965

Rehypothecation

Andolfatto, David; Martin, Fernando M.; Zhang, Shengxing - Federal Reserve Bank of St. Louis - 2014

Rehypothecation refers to the practice of re-using (selling or pledging as collateral) an asset that has already been pledged as collateral for a loan. We develop a dynamic general equilibrium monetary model where an “asset shortage” motivates the rehypothecation of assets. We find that in...

Persistent link: https://www.econbiz.de/10011160737

A common model approach to macroeconomics : using panel data reduce sampling error

Gavin, William T. (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001986936

Frontiers in monetary policy research : proceedings of the Thirty-First Annual Economic Policy Conference of the Federal Reserve Bank of St.Louis

Gavin, William T. (contributor) - 2007

Persistent link: https://www.econbiz.de/10003507821

Monetary policy, taxes and the business cycle

Gavin, William T. (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002496910

Recent developments in monetary macroeconomics and U.S. dollar policy

Gavin, William T. (contributor) - 2005

"This paper summarizes recent developments in the theory and practice of monetary policy in a closed economy and explains what these developments mean for U.S. dollar policy. There is no conflict between what is appropriate U.S. monetary policy at home or abroad because the dollar is the world's...

Persistent link: https://www.econbiz.de/10003139110

Evaluating FOMC forecasts

Gavin, William T. (contributor); … - 2002 - [Elektronische Ressource],rev

Persistent link: https://www.econbiz.de/10001919471

FOMC forecasts : is all the information in the central tendency?

Gavin, William T. (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001978133

Inflation persistence and flexible prices

Dittmar, Robert F. (contributor); … - 2003 - [Elektronische Ressource], rev

Persistent link: https://www.econbiz.de/10001941480