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Women and the Phillips curve : do women's and men's labor market outcomes differentially affect real wage growth and inflation
Anderson, Katharine (contributor); Barrow, Lisa (contributor) - 2003 - [Elektronische Ressource]
"During the economic expansion of the 1990s, the United States enjoyed both low inflation rates and low levels of … growth, changes in inflation, and labor market slackness are the same for men and women and whether measures of 'non … do as well as men's in explaining real compensation growth and changes in inflation after 1983. We also find some …
Persistent link: https://www.econbiz.de/10001920872
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The Stock of External Sovereign Debt: Can We Take the Data at ‘Face Value’?
Dias, Daniel A.; Richmond, Christine; Wright, Mark L. J. - Federal Reserve Bank of Chicago - 2014
The stock of sovereign debt is typically measured at face value. Defined as the undiscounted sum of future principal repayments, face values are misleading when debts are issued with different contractual forms or maturities. In this paper, we construct alternative measures of the stock of...
Persistent link: https://www.econbiz.de/10010778841
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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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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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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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Learning-by-doing, scale efficiencies, and financial performance at Internet-only banks
DeYoung, Robert (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001658401
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A structural empirical model of firm growth, learning, and survival
Abbring, Jaap H. (contributor);  … - 2003 - [Elektronische Ressource]
"In this paper we develop an empirical model of entrepreneurs' business continuation decisions, and we estimate its parameters using a new panel of monthly alcohol tax returns from bars in the state of Texas. In our data, entrepreneurial failure is frequent and predictable. In the first year of...
Persistent link: https://www.econbiz.de/10001915437
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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