Similar Search Results

Can a fiscal contraction strengthen a currency?: Some doubts about conventional Mundell-Fleming results

Cantor, Richard; Driskill, Robert - Federal Reserve Bank of New York - 1996

This article demonstrates that a fiscal expansion can induce both a short- and long-run depreciation of a currency and, by parallel arguments, fiscal contraction can induce short- and long-run appreciation. This possibility hinges on a country being a debtor with at least some of its debt...

Persistent link: https://www.econbiz.de/10005387242

Payment networks in a search model of money

Martin, Antoine; Orlando, Michael; Skeie, David - Federal Reserve Bank of New York - 2006

In a simple search model of money, we study a special kind of memory that gives rise to an arrangement resembling a …

Persistent link: https://www.econbiz.de/10005526318

Benefits and spillovers of greater competition in Europe : a macroeconomic assessment

Bayoumi, Tamim A. (contributor); Laxton, Douglas (contributor) - 2004 - [Elektronische Ressource]

We estimate the macroeconomic benefits and international spillovers of an increase in competition using a general …-equilibrium simulation model with nominal rigidities and monopolistic competition in product and labor markets. We draw three conclusions … after calibrating the model to the euro area against the rest of the industrial world. First, greater competition produces …

Persistent link: https://www.econbiz.de/10002101549

The impact of competition on technology adoption: an apples-to-PCs analysis

Copeland, Adam; Shapiro, Adam Hale - Federal Reserve Bank of New York - 2010

industry is unusual because there exist two horizontally segmented retail markets with different degrees of competition: the … predicts that competition is the key driver of the rate at which technology is adopted. …

Persistent link: https://www.econbiz.de/10008598716

Remarks at Panel Discussion on OTC Derivatives Reform and broader financial reforms agenda

Dudley, William C. - Federal Reserve Bank of New York - 2013

Remarks at the 2013 OTC Derivatives Conference, Paris, France.

Persistent link: https://www.econbiz.de/10010724977

Beyond the crisis: reflections on the challenges

Checki, Terrence J. - Federal Reserve Bank of New York - 2009

Remarks at the Foreign Policy Association Corporate Dinner, New York City

Persistent link: https://www.econbiz.de/10010725011

Summary of the Report on the Competitiveness of Puerto Rico's Economy

McAndrews, James - Federal Reserve Bank of New York - 2012

Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.

Persistent link: https://www.econbiz.de/10010725015

Credit market competition and the nature of firms

Cetorelli, Nicola - Federal Reserve Bank of New York - 2009

Empirical studies show that competition in the credit markets has important effects on the entry and growth of firms in … barriers to entry in the banking industry, a development that resulted in significantly improved credit competition. The … environment. Credit market competition does lead to more entry and growth of firms, but also to complex dynamics experienced by …

Persistent link: https://www.econbiz.de/10004994127

Can competition between brokers mitigate agency conflicts with their customers?

Chakravarty, Sugato; Sarkar, Asani - Federal Reserve Bank of New York - 1997

We study competitive, but strategic, brokers executing trades for an informed trader in multi-period setting. The brokers can choose to (a) execute the order, as agents, first, and trade for themselves as dealers, afterwards; or (b) trade for themselves first and execute the order later. We show...

Persistent link: https://www.econbiz.de/10005387353

Investment and market power: evidence from the United States manufacturing sector

Worthington, Paula R. - Federal Reserve Bank of New York - 1990

Persistent link: https://www.econbiz.de/10005717184