Showing 1 - 10 of 74
This article shows that the "risk premium" shock in Smets and Wouters (2007) can be interpreted as a structural shock to the demand for safe and liquid assets such as short-term US Treasury securities. Several implications of this interpretation are discussed.
Persistent link: https://www.econbiz.de/10011093785
"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
A speech delivered on February 4, 2014, at the Detroit Economic Club in Detroit, MI.
Persistent link: https://www.econbiz.de/10010747537
Remarks for the Bank of Korea International Conference 2010, June 1, 2010 Seoul, Korea
Persistent link: https://www.econbiz.de/10010772619
Remarks for the IL Wesleyan University Associates Business Luncheon, May 14, 2010 Bloomington, IN
Persistent link: https://www.econbiz.de/10010772622
Persistent link: https://www.econbiz.de/10000361175
Persistent link: https://www.econbiz.de/10003187166
Persistent link: https://www.econbiz.de/10001658758
Persistent link: https://www.econbiz.de/10001637311
Persistent link: https://www.econbiz.de/10001761442