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Auto Sales and Credit Supply
Johnson, Kathleen W.; Pence, Karen M.; Vine, Daniel J. - Federal Reserve Board (Board of Governors of the … - 2014
Vehicle purchases fell by more than 20 percent during the 2007-09 recession, and auto loan originations fell by a third. We show that vehicle purchases typically account for an outsized share of the contraction in economic activity during a recession, in part because a concurrent tightening in...
Persistent link: https://www.econbiz.de/10011075122
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Gains from Offshoring? Evidence from U.S. Microdata
Monarch, Ryan; Park, Jooyoun; Sivadasan, Jagadeesh - Federal Reserve Board (Board of Governors of the … - 2014
We construct a new linked data set with over one thousand offshoring events by matching Trade Adjustment Assistance … domestic firm-level aggregate employment, output, wages and productivity. Consistent with heterogenous firm models where …-offshorer. After initiating offshoring, firms experience large declines in employment (46.2 per cent), output (38.5 per cent) and …
Persistent link: https://www.econbiz.de/10011075150
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Federal Open Market Committee statements (August 7, 2007 )
Federal Reserve Board (Board of Governors of the … - 2007
Persistent link: https://www.econbiz.de/10005420037
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Federal Open Market Committee statements (August 17, 2007 )
Federal Reserve Board (Board of Governors of the … - 2007
Persistent link: https://www.econbiz.de/10005420073
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Volatility, money market rates, and the transmission of monetary policy
Carpenter, Seth B.; Demiralp, Selva - Federal Reserve Board (Board of Governors of the … - 2011
Central banks typically control an overnight interest rate as their policy tool, and the transmission of monetary policy happens through the relationship of this overnight rate to the rest of the yield curve. The expectations hypothesis, that longer-term rates should equal expected future...
Persistent link: https://www.econbiz.de/10009001764
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Money and inflation: some critical issues
McCallum, Bennett T.; Nelson, Edward - Federal Reserve Board (Board of Governors of the … - 2010
We consider what, if any, relationship there is between monetary aggregates and inflation, and whether there is any substantial reason for modifying the current mainstream mode of policy analysis, which frequently does not consider monetary aggregates at all. We begin by considering the body of...
Persistent link: https://www.econbiz.de/10008764380
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ABS inflows to the United States and the global financial crisis
Bertaut, Carol; DeMarco, Laurie Pounder; Kamin, Steve; … - Federal Reserve Board (Board of Governors of the … - 2011
, are believed to have contributed to the U.S. housing bubble and to the buildup in financial vulnerabilities that led to …
Persistent link: https://www.econbiz.de/10009251188
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The conquest of worldwide inflation: currency competition and its implications for interest rates and the yield curve: a speech at the Cato Institute Monetary Policy Conference, Wa...
Kroszner, Randall S. - Federal Reserve Board (Board of Governors of the … - 2006
Persistent link: https://www.econbiz.de/10010725269
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Gradualism
Bernanke, Ben S. - Federal Reserve Board (Board of Governors of the … - 2004
remarks at an economics luncheon co-sponsored by the Federal Reserve Bank of San Francisco (Seattle Branch) and the University of Washington, Seattle, Washington
Persistent link: https://www.econbiz.de/10010725675
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Federal Open Market Committee statements (September 18, 2007)
Federal Reserve Board (Board of Governors of the … - 2007
Persistent link: https://www.econbiz.de/10010727432