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What was behind the M2 breakdown?
Lown, Cara Sue (contributor);  … - 1999 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001591668
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Monetary policy, capital inflows, and the housing boom
Sá, Filipa; Wieladek, Tomasz - Federal Reserve Bank of Dallas - 2011
We estimate an open economy VAR model to quantify the effect of monetary policy and capital inflows shocks on the US housing market. The shocks are identified with sign restrictions derived from a standard DSGE model. We find that monetary policy shocks have a limited effect on house prices and...
Persistent link: https://www.econbiz.de/10009292920
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Evaluating monetary base targeting rules
Hafer, R.W.; Haslag, Joseph H.; Hein, Scott E. - Federal Reserve Bank of Dallas - 1991
Persistent link: https://www.econbiz.de/10005394425
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Economic & financial policy review
Federal Reserve Bank of Dallas - Dallas, Tex. : The Bank - 1.2002 -
Persistent link: https://www.econbiz.de/10001640283
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Economic & financial review
Federal Reserve Bank of Dallas - Dallas, Tex. : Bank - 1999,2 - 2001; damit Ersch. eingest.
Persistent link: https://www.econbiz.de/10001406015
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Low interest rates and housing booms: the role of capital inflows, monetary policy and financial innovation
Sá, Filipa; Towbin, Pascal; Wieladek, Tomasz - Federal Reserve Bank of Dallas - 2011
restrictions. To explore how the effects of these shocks change with the structure of the mortgage market and the degree of … securitization, we allow the VAR coefficients to vary with mortgage market characteristics. Our results suggest that both types of … investment. The response of housing variables to both types of shocks is stronger in countries with more developed mortgage …
Persistent link: https://www.econbiz.de/10009292925
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The information content of the paper-bill spread
Emery, Kenneth M. - Federal Reserve Bank of Dallas - 1994
Persistent link: https://www.econbiz.de/10005490309
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Credit booms, banking crises, and the current account
Davis, Jonathan Scott; Mack, Adrienne; Phoa, Wesley; … - Federal Reserve Bank of Dallas - 2014
What is the marginal effect of an increase in the private sector debt-to-GDP ratio on the probability of a banking crisis? This paper shows that the marginal effect of rising debt levels depends on an economy's external position. When the current account is in surplus or in balance, the marginal...
Persistent link: https://www.econbiz.de/10010772610
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Optimal monetary policy in a currency union with interest rate spreads
Bhattarai, Saroj; Lee, Jae Won; Park, Woong Yong - Federal Reserve Bank of Dallas - 2013
We introduce “financial imperfections” - asymmetric net wealth positions, incomplete risksharing, and interest rate spread across member countries - in a prototypical two-country currency union model and study implications for monetary policy transmission mechanism and optimal policy. In...
Persistent link: https://www.econbiz.de/10011026844
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Credit cards and money demand: a cross-sectional study
Duca, John V.; Whitesell, William C. - Federal Reserve Bank of Dallas - 1991
Persistent link: https://www.econbiz.de/10005394378