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A comparison of fiscal measures using reduced-form techniques
Cohen, Darrel - Federal Reserve Board (Board of Governors of the … - 1989
Persistent link: https://www.econbiz.de/10005726784
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Monetary policy: why money matters, and interest rates don’t
Thornton, Daniel L. - Federal Reserve Bank of St. Louis - 2012
rate. Money’s role in monetary policy has been tertiary, at best. Indeed, several influential economists have suggested … that money is irrelevant for monetary policy. They suggest that central banks can control inflation by (i) controlling a … rate in order to exert greater control over longer-term rates. I offer an alternative perspective: namely, that money is …
Persistent link: https://www.econbiz.de/10010558739
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Homeowner Balance Sheets and Monetary Policy
Aladangady, Aditya - Federal Reserve Board (Board of Governors of the … - 2014
Expenditures Survey, house price and consumption responses are compared across areas differing in local land availability and …
Persistent link: https://www.econbiz.de/10011095299
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Globalization, macroeconomic performance, and monetary policy : a speech at the Domestic Prices in an Integrated World Economy Conference, Board of Governors of the Federal Reserve...
Mishkin, Frederic S. - Federal Reserve Board (Board of Governors of the … - 2007
Persistent link: https://www.econbiz.de/10010725338
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Stochastic behavior of the world economy under alternative policy regimes
Gagnon, Joseph E.; Tryon, Ralph W. - Federal Reserve Board (Board of Governors of the … - 1992
This paper uses a multicountry econometric model with rational expectations to analyze the effects of alternative monetary policy regimes on the stability of various macroeconomic variables in the face of stochastic shocks to the economy. The policy regimes use a short-term interest-rate...
Persistent link: https://www.econbiz.de/10005712667
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Globalization, macroeconomic performance, and monetary policy : a speech at the Domestic Prices in an Integrated World Economy Conference, Board of Governors of the Federal Reserve...
Mishkin, Frederic S. - Federal Reserve Board (Board of Governors of the … - 2007
Persistent link: https://www.econbiz.de/10005717787
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Monetary policy, parameter uncertainty and optimal learning
Wieland, Volker - Federal Reserve Board (Board of Governors of the … - 1999
reunification. A policy that separates learning from control may induce a persistent upward bias in money growth and inflation, just …
Persistent link: https://www.econbiz.de/10005721046
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The role of monetary policy in the current macroeconomic environment
Poole, William - Federal Reserve Bank of St. Louis - 2001
Presentation to the National Association For Business Economics 43rd Annual Meeting, New York City - Sept. 10, 2001
Persistent link: https://www.econbiz.de/10011185077
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Central Bank Purchases of Private Assets
Williamson, Stephen D. - Federal Reserve Bank of St. Louis - 2014
A model is constructed in which consumers and banks have incentives to fake the quality of collateral. Conventional monetary easing can exacerbate these problems, in that the mispresentation of collateral becomes more profitable, thus increasing haircuts and interest rate differentials. Central...
Persistent link: https://www.econbiz.de/10010938568
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Domestic and cross-border consequences of U.S. macroeconomic policies
Bryant, Ralph C.; Helliwell, John; Hooper, Peter - Federal Reserve Board (Board of Governors of the … - 1989
This paper reviews empirical evidence about the effects of changes in U.S. monetary policy and fiscal policy that has been accumulated during recent years in a series of collaborative research projects involving a variety of global macroeconometric models. The paper also considers, in...
Persistent link: https://www.econbiz.de/10005372596