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Economic Policy Uncertainty and the Credit Channel : Aggregate and Bank Level U.S. Evidence over Several Decades
Bordo, Michael D. - 2016
Economic policy uncertainty affects decisions of households, businesses, policy makers and Financial intermediaries. We first examine the impact of economic policy uncertainty on aggregate bank credit growth. Then we analyze commercial bank entity level data to gauge the effects of policy...
Persistent link: https://www.econbiz.de/10012456652
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The defining moment : the Great Depression and the American economy in the twentieth century
Bordo, Michael D. (ed.); Goldin, Claudia (ed.);  … - 1998
Persistent link: https://www.econbiz.de/10013480824
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Original Sin and the Great Depression
Bordo, Michael D. - 2020
Was foreign currency denominated debt a determinant of exchange rate and monetary policy during the Great Depression? Policy makers of the day thought so. High-frequency bond price data show depreciation was associated with elevated risk premia on public debt. We also show that foreign currency...
Persistent link: https://www.econbiz.de/10012482024
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Exits from Recessions : The U.S. Experience 1920-2007
Bordo, Michael D. - 2010
instruments of monetary policy and the timing of changes of selected real macro aggregates and price level (inflation) variables … 1960 the Fed has generally tightened when unemployment peaked and this tightening often occurred after inflation began to … rise. The Fed is often too late to prevent inflation …
Persistent link: https://www.econbiz.de/10012462920
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Money Matters : Broad Divisia Money and the Recovery of Nominal GDP from the COVID-19 Recession
Bordo, Michael D.; Duca, John V. - National Bureau of Economic Research - 2023
The rise of inflation in 2021 and 2022 surprised many macroeconomists who ignored the earlier surge in money growth … seeks to restore low inflation …
Persistent link: https://www.econbiz.de/10014322692