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Bayer, Christian - 2020

—the liquidity premium. We rationalize this finding in an estimated heterogeneous-agent New-Keynesian (HANK) model with incomplete … markets and portfolio choice, in which public debt affects private liquidity. In this environment, the short-run fiscal … multiplier is amplified by the countercyclical liquidity premium. This liquidity channel stabilizes investment and crowds in …

Persistent link: https://www.econbiz.de/10012830353

Quantitative easing and bank lending : evidence from Japan

Bowman, David; Cai, Fang; Davies, Sally M.; Kamin, Steven - In: Journal of international money and finance 57 (2015), pp. 15-30

Persistent link: https://www.econbiz.de/10011478199

Policy mix and debt sustainability : evidence from fiscal policy rules

Claeys, Peter - 2005

This paper characterises rules-based fiscal policy setting. Basically, we translate a standard monetary policy rule into a simple fiscal policy rule. We then infer on fiscal policymakers' reaction coefficients by testing the rule with GMM. Interaction is also tested directly by the inclusion of...

Persistent link: https://www.econbiz.de/10010261142

Central bank credibility during COVID-19 : evidence from Japan

Christensen, Jens H. E.; Spiegel, Mark - In: Journal of international money and finance 131 (2023), pp. 1-22

Persistent link: https://www.econbiz.de/10014248816

The monetary origins of asymmetric information in international equity markets

Bauer, Gregory H.; Vega, Clara - In: Journal of international money and finance 27 (2008) 7, pp. 1029-1055

Persistent link: https://www.econbiz.de/10003780681

Debt is not free

Moreno Badía, Marialuz; Medas, Paulo; Gupta, Pranav; … - In: Journal of international money and finance 127 (2022), pp. 1-23

Persistent link: https://www.econbiz.de/10013435653

State ownership, macroprudential policies, and bank lending

Mirzaei, Ali; Pasiouras, Fotios; Samet, Anis - In: Journal of international money and finance 117 (2021), pp. 1-20

Persistent link: https://www.econbiz.de/10013284861

Labor Market Institutions, Fiscal Multipliers, and Macroeconomic Volatility

Böck, Maximilian; Crespo Cuaresma, Jesus; Glocker, … - 2022

We study empirically how various labor market institutions – (i) union density, (ii) unemployment benefit remuneration, and (iii) employment protection – shape fiscal multipliers and output volatility. Our theoretical model highlights that more stringent labor market institutions attenuate...

Persistent link: https://www.econbiz.de/10014083477

Stock market liquidity and macro-liquidity shocks : evidence from the 2007 - 2009 financial crisis

Florackis, Chris; Kontonikas, Alexandros; Kostakis, … - In: Journal of international money and finance 44 (2014), pp. 97-117

Persistent link: https://www.econbiz.de/10010391078

Federal Reserve Liquidity Provision during the Financial Crisis of 2007-2009

Fleming, Michael J. - 2012

This paper examines the Federal Reserve's unprecedented liquidity provision during the financial crisis of 2007 …-2009. It first reviews how the Fed provides liquidity in normal times. It then explains how the Fed's new and expanded … liquidity facilities were intended to enable the central bank to fulfill its traditional lender-of-last-resort role during the …

Persistent link: https://www.econbiz.de/10013102405

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