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Monetary policy in a financial crisis
Christiano, Lawrence J.; Gust, Christopher; Roldos, Jorge - Federal Reserve Bank of Chicago - 2002
What are the economic effects of an interest rate cut when an economy is in the midst of a financial crisis? Under what conditions will a cut stimulate output and employment, and raise welfare? Under what conditions will a cut have the opposite effects? We answer these questions in a general...
Persistent link: https://www.econbiz.de/10005520050
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Nominal debt as a burden on monetary policy
Díaz-Giménez, Javier; Giovannetti, Giorgia; Marimon, Ramon - Federal Reserve Bank of Chicago - 2004
We study the effects of nominal debt on the optimal sequential choice of monetary and debt policy. When the stock of … debt is nominal, the incentive to generate unanticipated inflation increases the cost of the outstanding debt even if no … outstanding stock of debt progressively until these extra costs disappear. Nominal debt is therefore a burden on monetary policy …
Persistent link: https://www.econbiz.de/10005419963
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Recent crises in post-crisis perspective
Meltzer, Alan H. - Federal Reserve Bank of Chicago - 1999
Persistent link: https://www.econbiz.de/10010724238
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The international debt crisis and bank security returns surrounding Citicorp's loan-loss-reserve decision of May 19, 1987
Musumeci, James J.; Joseph F. Sinkey, Jr. - Federal Reserve Bank of Chicago - 1988
Persistent link: https://www.econbiz.de/10010724339
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A new approach to measuring financial contagion
Bae, Kee-Hong; Karolyi, G. Andrew; Stulz, Rene M. - Federal Reserve Bank of Chicago - 2001
Persistent link: https://www.econbiz.de/10010724362
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The banking crisis in perspective
Seidman, L. William - Federal Reserve Bank of Chicago - 1993
Persistent link: https://www.econbiz.de/10010724374
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Do depositors discipline banks? an international perspective
Berger, Allen N.; Turk-Ariss, Rima - Federal Reserve Bank of Chicago - 2011
Persistent link: https://www.econbiz.de/10010724385
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The U.S. subprime crisis: lessons for regulations
Herring, Richard J. - Federal Reserve Bank of Chicago - 2008
Persistent link: https://www.econbiz.de/10010724409
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Comments on financial crises and contagion
Eichengreen, Barry - Federal Reserve Bank of Chicago - 2001
Persistent link: https://www.econbiz.de/10010724423
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Credit default swap spreads and systemic financial risk
Giglio, Stefano - Federal Reserve Bank of Chicago - 2011
Persistent link: https://www.econbiz.de/10010724438