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Mortgages and monetary policy
Garriga, Carlos; Kydland, Finn E.; Šustek, Roman - Federal Reserve Bank of St. Louis - 2013
- than fixed-rate contracts. The source of impulse also matters: persistent inflation shocks have larger effects than … cyclical fluctuations in inflation and nominal interest rates. …
Persistent link: https://www.econbiz.de/10011027315
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Navigating constraints: the evolution of Federal Reserve monetary policy, 1935-59
Wheelock, David; Carlson, Mark A. - Federal Reserve Bank of St. Louis - 2014
expected inflation. The inability of the Fed to maintain a credible commitment to low interest rates in the face of increased … government spending and rising inflation led to the Fed-Treasury Accord of March 1951. Following the Accord, the external …
Persistent link: https://www.econbiz.de/10010784192
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Did the great inflation occur despite policymaker commitment to a taylor rule?
Bullard, James Brian (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001979875
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Inflation persistence and flexible prices
Dittmar, Robert F. (contributor);  … - 2003 - [Elektronische Ressource], rev
Persistent link: https://www.econbiz.de/10001941480
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Central Bank Purchases of Private Assets
Williamson, Stephen D. - Federal Reserve Bank of St. Louis - 2014
A model is constructed in which consumers and banks have incentives to fake the quality of collateral. Conventional monetary easing can exacerbate these problems, in that the mispresentation of collateral becomes more profitable, thus increasing haircuts and interest rate differentials. Central...
Persistent link: https://www.econbiz.de/10010938568
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The effectiveness of monetary policy : an assessment
Wen, Yi (contributor) - 2005
"When monetary policies are endogenous, the conventional VAR approach for detecting the effect of monetary policies is powerless. This paper proposes to test the implication of monetary policies along a different dimension. That implication is to exploit the policy induced exogeneity of...
Persistent link: https://www.econbiz.de/10002956722
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Comovement : it's not a puzzle
DiCecio, Riccardo (contributor) - 2005
"A defining feature of business cycles is the comovement of inputs at the sectoral level with aggregate activity. Standard models cannot account for this phenomenon. This paper develops and estimates a two-sector dynamic general equilibrium model which can account for this key regularity. My...
Persistent link: https://www.econbiz.de/10002977387
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Reaction functions in a small open economy: What role for non-traded inflation?
Santacreu, Ana Maria - Federal Reserve Bank of St. Louis - 2005
estimated model considers a monetary policy regime where the central bank targets overall inflation but is also concerned about … monetary authority should respond directly to non-tradable inflation instead of overall inflation. In particular, if … preferences are relatively biased towards inflation stabilization, responding directly to overall inflation results in better …
Persistent link: https://www.econbiz.de/10010961579
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What explains the varying monetary response to technology shocks in G-7 countries?
Francis, Neville (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001987095
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Modeling volcker as a non-absorbing state : agnostic identification of a markov-switching VAR
Owyang, Michael T. (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001974169