Narrow search
Showing 1 - 10 of 113
Cover Image
Credit Supply and the Housing Boom
Justiniano, Alejandro; Primiceri, Giorgio E.; … - Federal Reserve Bank of Chicago - 2014
The housing boom that preceded the Great Recession was due to an increase in credit supply driven by looser lending …
Persistent link: https://www.econbiz.de/10011099908
Cover Image
Liquidity Traps and Monetary Policy: Managing a Credit Crunch
Buera, Francisco J.; Nicolini, Juan Pablo - Federal Reserve Bank of Chicago - 2014
credit-crunch generated recession. The model can suitable be used to study the effects on the main macroeconomic variables … - and on welfare of each individual - of alternative monetary - and fiscal - policies following the credit crunch. The model …
Persistent link: https://www.econbiz.de/10011095309
Cover Image
The costs and benefits of moral suasion : evidence from the rescue of long-term capital management
Furfine, Craig H. (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001717048
Cover Image
Preventing bank crises : lessons from recent global bank failures ; proceedings of a conference co-sponsored by the Federal Reserve Bank of Chicago and the Economic Development Ins...
Caprio, Gerard (contributor);  … - Conference Preventing Bank Crises: Lessons from Recent … - 1998
Persistent link: https://www.econbiz.de/10013537502
Cover Image
Adverse Selection, Risk Sharing and Business Cycles
Veracierto, Marcelo - Federal Reserve Bank of Chicago - 2014
I consider a real business cycle model in which agents have private information about an idiosyncratic shock to their value of leisure. I consider the mechanism design problem for this economy and describe a computational method to solve it. This is an important contribution of the paper since...
Persistent link: https://www.econbiz.de/10011093788
Cover Image
A Portfolio-Balance Approach to the Nominal Term Structure
King, Thomas B. - Federal Reserve Bank of Chicago - 2013
Explanations of why changes in the relative quantities of safe debt seem to affect asset prices often appeal informally to a “portfolio balance” mechanism. I show how this type of effect can be incorporated in a general class of structural, arbitrage-free asset-pricing models using a...
Persistent link: https://www.econbiz.de/10011027196
Cover Image
The Effects of the Saving and Banking Glut on the U.S. Economy
Justiniano, Alejandro; Primiceri, Giorgio E.; … - Federal Reserve Bank of Chicago - 2013
We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the increase in...
Persistent link: https://www.econbiz.de/10010735412
Cover Image
What Drives Bank Funding Spreads?
King, Thomas B.; Lewis, Kurt F. - Federal Reserve Bank of Chicago - 2014
We use matched, bank-level panel data on Libor submissions and credit default swaps to decompose bank-funding spreads … at several maturities into components reflecting counterparty credit risk and funding-market liquidity. To account for … longer maturities, credit risk explains much of the time variation in Libor, reflecting in part fluctuations in the degree to …
Persistent link: https://www.econbiz.de/10011119884