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A Portfolio-Balance Approach to the Nominal Term Structure
King, Thomas B. - Federal Reserve Bank of Chicago - 2013
-rate process is truncated at zero. Despite its simplicity, a version of this model incorporating inflation can fit longer …
Persistent link: https://www.econbiz.de/10011027196
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Economic determinants of the nominal treasury yield curve
Evans, Charles L.; Marshall, David - Federal Reserve Bank of Chicago - 2001
, since they move real rates and expected inflation in opposite directions. Monetary policy shocks are the only macroeconomic …
Persistent link: https://www.econbiz.de/10005419944
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Expectation traps and monetary policy
Albanesi, Stefania (contributor);  … - 2002 - [Elektronische Ressource]
"Why is inflation persistently high in some periods and low in others? The reason may be absence of commitment in … trigger strategies. In these traps, expectations of high or low inflation lead the public to take defensive actions, which … inflation rate is low on average. This analysis suggests that institutions which promote commitment can prevent high inflation …
Persistent link: https://www.econbiz.de/10001676637
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Accommodative Monetary Policy and Macroprudential Safeguards
Evans, Charles L. - Federal Reserve Bank of Chicago - 2014
A speech delivered on February 4, 2014, at the Detroit Economic Club in Detroit, MI.
Persistent link: https://www.econbiz.de/10010747537
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Bank of Korea International Conference Panel Comments
Evans, Charles L. - Federal Reserve Bank of Chicago - 2010
Remarks for the Bank of Korea International Conference 2010, June 1, 2010 Seoul, Korea
Persistent link: https://www.econbiz.de/10010772619
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IL Wesleyan University Associates Business Luncheon
Evans, Charles L. - Federal Reserve Bank of Chicago - 2010
Remarks for the IL Wesleyan University Associates Business Luncheon, May 14, 2010 Bloomington, IN
Persistent link: https://www.econbiz.de/10010772622
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Early Public Banks
Roberds, William; Velde, Francois R. - Federal Reserve Bank of Chicago - 2014
Publicly owned or commissioned banks were common in Europe from the fifteenth century. This survey argues that while the early public banks were characterized by great experimentation in their design, a common goal was to create a liquid and reliable monetary asset in environments where such...
Persistent link: https://www.econbiz.de/10010742257
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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 the possibility that banks may strategically misreport...
Persistent link: https://www.econbiz.de/10011119884
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Preventing Bank Runs
Andolfatto, David; Nosal, Ed; Sultanum, Bruno - Federal Reserve Bank of Chicago - 2014
Diamond and Dybvig (1983) is commonly understood as providing a formal rationale for the existence of bank-run equilibria. It has never been clear, however, whether bank-run equilibria in this framework are a natural byproduct of the economic environment or an artifact of suboptimal contractual...
Persistent link: https://www.econbiz.de/10011099905
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Bubbles and Leverage: A Simple and Unified Approach
Bogusz, Theodore; Bogusz, Theodore - Federal Reserve Bank of Chicago - 2013
In this paper, we lay out a simple framework that captures much of what the theoretical literature has to say about the role of credit in systemically important asset booms and busts. In addition, we suggest ways in which to incorporate physical investment in the bubble asset as well as monetary...
Persistent link: https://www.econbiz.de/10010735415