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Endogenous exchange rate regime switches

Kock, Gabriel S.P. De; Grilli, Vittorio - Federal Reserve Bank of New York - 1989

Persistent link: https://www.econbiz.de/10005512233

The supply side consequences of U.S. fiscal policy in the 1980s

Akhtar, M. A.; Harris, Ethan S. - Federal Reserve Bank of New York - 1991

Persistent link: https://www.econbiz.de/10005512244

Finite horizons, political economy, and growth

Kahn, James A.; Lim, Jong-Soo - Federal Reserve Bank of New York - 2000

This paper analyzes the political economy of growth when agents and the government have finite horizons and equilibrium growth is inefficient. A "representative" government (that is, one whose preferences reflect those of its constituents) endowed merely with the ability to tax and transfer can...

Persistent link: https://www.econbiz.de/10005420554

An empirical examination of government expenditures and the ex ante crowding out effect for the British economy

Chan, Anthony; Gustafson, Elizabeth - Federal Reserve Bank of New York - 1990

Persistent link: https://www.econbiz.de/10005387334

Capital flight from debtor nations when labor is mobile

Charrette, Susan - Federal Reserve Bank of New York - 1991

Persistent link: https://www.econbiz.de/10005387390

Money demand, transactions proxies, and the effects of fiscal policies in open economies

Weiller, Kenneth J. - Federal Reserve Bank of New York - 1986

Persistent link: https://www.econbiz.de/10005387399

Interpreting the Great Moderation: changes in the volatility of economic activity at the macro and micro Levels

Davis, Steven J.; Kahn, James A. - Federal Reserve Bank of New York - 2008

We review evidence on the Great Moderation together with evidence about volatility trends at the micro level to develop a potential explanation for the decline in aggregate volatility since the 1980s and its consequences. The key elements are declines in firm-level volatility and aggregate...

Persistent link: https://www.econbiz.de/10004994124

Durable goods inventories and the Great Moderation

Kahn, James A. - Federal Reserve Bank of New York - 2008

This paper revisits the hypothesis that changes in inventory management were an important contributor to volatility reductions during the Great Moderation. It documents how changes in inventory behavior contributed to the stabilization of the U.S. economy within the durable goods sector, in...

Persistent link: https://www.econbiz.de/10005726625

Crime, house prices, and inequality: the effect of UPPs in Rio

Frischtak, Claudio; Mandel, Benjamin R. - Federal Reserve Bank of New York - 2012

We use a recent policy experiment in Rio de Janeiro, the installation of permanent police stations in low-income communities (or favelas), to quantify the relationship between a reduction in crime and the change in the prices of nearby residential real estate. Using a novel data set of detailed...

Persistent link: https://www.econbiz.de/10010551294

Consumption, aggregate wealth and expected stock returns

Ludvigson, Sydney; Lettau, Martin - Federal Reserve Bank of New York - 1999

This paper studies the role of detrended wealth in predicting stock returns. We call a transitory movement in wealth … data, we find that these trend deviations in wealth are strong predictors of both real stock returns and excess returns … forecasting variables. ; Why should wealth, detrended in this way, forecast asset returns? We show that a wide class of optimal …

Persistent link: https://www.econbiz.de/10005420595