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On the supply of the demand for money
Spindt, Paul A. - Federal Reserve Board (Board of Governors of the … - 1987
Persistent link: https://www.econbiz.de/10005724054
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Money, politics and the post-war business cycle
Faust, Jon; Irons, John - Federal Reserve Board (Board of Governors of the … - 1996
While macroeconometricians continue to dispute the size, timing, and even the existence of effects of monetary policy, political economists often find large effects of political variables and often attribute the effects to manipulation of the Fed. Since the political econometricians often use...
Persistent link: https://www.econbiz.de/10005498761
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The robustness of identified VAR conclusions about money
Faust, Jon - Federal Reserve Board (Board of Governors of the … - 1998
This paper presents a new way to assess robustness of claims from identified VAR work. All possible identifications are checked for the one that is worst for the claim, subject to the restriction that the VAR produce reasonable impulse responses to shocks. The statistic on which the claim is...
Persistent link: https://www.econbiz.de/10005498828
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Price smoothing, intermediate monetary targeting, and price level non- trend-stationarity
VanHoose, David D. - Federal Reserve Board (Board of Governors of the … - 1988
Persistent link: https://www.econbiz.de/10005721237
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Money and inflation: some critical issues
McCallum, Bennett T.; Nelson, Edward - Federal Reserve Board (Board of Governors of the … - 2010
aggregates at all. We begin by considering the body of thought known as the "quantity theory of money." The quantity theory … the nominal money stock. The nominal homogeneity conditions that deliver the quantity-theory result are the same as those … that deliver monetary neutrality, an important principle behind policy formulation. The quantity theory implies a ceteris …
Persistent link: https://www.econbiz.de/10008764380
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Do indicators of financial crises work? an evaluation of an early warning system
Edison, Hali J. - Federal Reserve Board (Board of Governors of the … - 2000
The object of this paper is to develop an operational early warning system (EWS) that can detect financial crises. To achieve this goal the paper analyzes and extends the early warning system developed by Kaminsky, Lizondo, and Reinhart (1998) and Kaminsky and Reinhart (1999) that is based on...
Persistent link: https://www.econbiz.de/10005368179
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The business cycles of currency speculation: a revision of the Mundellian framework
Mendoza, Enrique G.; Uribe, Martin - Federal Reserve Board (Board of Governors of the … - 1998
In his seminal 1960 study on the dynamics of alternative exchange rate regimes, Robert Mundell proposed a theory of …
Persistent link: https://www.econbiz.de/10005368402
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The demand for broad money in the United Kingdom, 1878-1993
Ericsson, Neil R.; Hendry, David F.; Prestwich, Kevin M. - Federal Reserve Board (Board of Governors of the … - 1997
demand for broad money in the United Kingdom over 1878-1975. We update that model over 1976-1993, accounting for changed data … follow for parameter nonconstancy and predictive failure, causation between money and prices, monetary targeting …
Persistent link: https://www.econbiz.de/10005368427
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Currency and banking crises: the early warnings of distress
Kaminsky, Graciela L. - Federal Reserve Board (Board of Governors of the … - 1998
The abruptness and virulence of the 1997 Asian crises have led many to claim that these crises are of a new breed and thus they were unforecastable. This paper examines 102 financial crises in 20 countries and concludes that the Asian crises are not of a new variety. Overall, the 1997 Asian...
Persistent link: https://www.econbiz.de/10005368480
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The golden dollar coin: testimony before the Subcommittee on Treasury and General Government of the Committee on Appropriations, U.S. Senate, May 17, 2002
Roseman, Louise L. - Federal Reserve Board (Board of Governors of the … - 2002
Persistent link: https://www.econbiz.de/10010725178