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The Gold Pool (1961-1968) was one of the most ambitious cases of central bank cooperation in history. Major central …
Persistent link: https://www.econbiz.de/10012453697
An analogy has been made between the collapse of the Bretton Woods system in 1971 and the recent Eurozone crisis. The build up of TARGET balances in the Eurosystem of Central Banks after 2007 with the GIPS (deficit countries having large liabilities) and Germany (a surplus country) with large...
Persistent link: https://www.econbiz.de/10012458395
the rest of the world rather than focusing on issues with U.S. monetary and fiscal policies. In addition, at the urging of …
Persistent link: https://www.econbiz.de/10012481056
of the World (ROW) is developed to quantify capital controls and evaluate their impact on the world economy. We find … these controls had large effects. Counterfactual analysis show world output would have been 0:5 percent higher had there …
Persistent link: https://www.econbiz.de/10014337829
until the First World War. News events and macroeconomic variables cannot account for this extended period of reduced …
Persistent link: https://www.econbiz.de/10012467364
Economic studies typically underestimate incremental changes in consumer goods and design innovations that enhance allocative efficiency and structural dynamics. This paper assesses over 12,000 innovations by female patentees and participants in industrial fairs and prize-granting institutions...
Persistent link: https://www.econbiz.de/10012455595
This paper surveys the current state of the literature on international monetary policy coordination. It relates recent policy discussions to the lessons from the literature. It proposes several avenues for future research
Persistent link: https://www.econbiz.de/10012457714
During the Bretton Woods era, balance-of-payments developments, gold losses, and exchange-rate concerns had little influence on Federal Reserve monetary policy, even after 1958 when such issues became critical. The Federal Reserve could largely disregard international considerations because the...
Persistent link: https://www.econbiz.de/10012458009
This essay is the introduction to a book of the same title, forthcoming in summer of 2021 from Oxford University Press. The purpose is to document the ways in which patent systems are products of battles over the economic surplus from innovation. The features of these systems take shape as...
Persistent link: https://www.econbiz.de/10012533323
changing demands for modern central bank interventions in the economy. Financial instability, followed by WWII, left a world …
Persistent link: https://www.econbiz.de/10012455241