Narrow search
Showing 1 - 3 of 3
Cover Image
Optimal monetary policy under financial sector risk
Davis, Scott; Huang, Kevin X.D. - Federal Reserve Bank of Dallas - 2011
We consider whether or not a central bank should respond directly to financial market conditions when setting monetary policy. Specifically, should a central bank put weight on interbank lending spreads in its Taylor rule policy function? ; Using a model with risk and balance sheet effects in...
Persistent link: https://www.econbiz.de/10009292919
Cover Image
Financial integration and international business cycle co-movement: the role of balance sheets
Davis, Scott - Federal Reserve Bank of Dallas - 2011
This paper investigates the effect of international financial integration on international business cycle co-movement. We first show with a reduced form empirical approach how capital market integration (equity) has a negative effect on business cycle co-movement while credit market integration...
Persistent link: https://www.econbiz.de/10009321090
Cover Image
Human Capital, Labour Productivity and Employment
Bhat, Savita; Siddharthan, N S - eSocialSciences - 2010
This paper analyses the importance of human capital in determining the inter-state differences in labour productivity … determinants of productivity. Furthermore, higher enrolments in high schools not only contribute to higher labour productivity but … also to higher growth in productivity. In addition, states that have higher high school enrolment rates have been enjoying …
Persistent link: https://www.econbiz.de/10008690331