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Leaning Against the Wind and Crisis Risk

Schularick, Moritz - 2020

Can central banks defuse rising stability risks in financial booms by leaning against the wind with higher interest rates? This paper studies the state-dependent effects of monetary policy on financial stability. Based on the near-universe of advanced economy financial cycles since the 19th...

Persistent link: https://www.econbiz.de/10012825398

Monetary Policy and Racial Inequality

Bartscher, Alina K.; Wachtel, Paul; Kuhn, Moritz; … - 2021

This paper aims at an improved understanding of the relationship between monetary policy and racial inequality. We investigate the distributional effects of monetary policy in a unified framework, linking monetary policy shocks both to earnings and wealth differentials between black and white...

Persistent link: https://www.econbiz.de/10013246912

Betting the House

Jordà, Òscar; Schularick, Moritz; Taylor, Alan M. - 2014

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...

Persistent link: https://www.econbiz.de/10010480826

Central Bank Balance Sheets: Expansion and Reduction since 1900

Ferguson, Niall; Schaab, Andreas; Schularick, Moritz - 2015

In this paper we study the evolution of central banks’ balance sheets in 12 advanced economies since 1900. We find that balance sheet size in most developed countries has fluctuated within rather clearly defined bands relative to output. Historically, clusters of big expansions and...

Persistent link: https://www.econbiz.de/10010531851

Monetary Policy and Racial Inequality

Bartscher, Alina K.; Kuhn, Moritz; Schularick, Moritz; … - 2021

Persistent link: https://www.econbiz.de/10012493023

Bringing the Copenhagen global climate change negotiations to conclusion

Whalley, John; Walsh, Sean - 2008

(China, India, Russia, Brazil) on the other. …

Persistent link: https://www.econbiz.de/10010264483

Trade retaliation in a monetary-trade model

Whalley, John; Yu, Jun; Zhang, Shunming - 2009

. We calibrate such a model to China's trade with the rest of the world and explore two country tariff games using 2005 …

Persistent link: https://www.econbiz.de/10010264539

Chinese experience with global G3 standard-setting

Whalley, John; Zhou, Weimin; An, Xiaopeng - 2009

China's growth strategy as set out in the 11th 5-year plan in 2005 called for upgrading of product quality, the … with this policy, China has been involved in recent years with the development of a Chinese standard in third generation (3 … experience raises issues for China's future development strategy based on product and process upgrading in manufacturing. We …

Persistent link: https://www.econbiz.de/10010264550

Trade sanctions, financial transfers and BRIC's participation in global climate change negotiations

Tian, Huifang; Whalley, John; Cai, Yuezhou - 2009

low wage rapidly growing countries in the BRIC group (Brazil, Russia, India, China) and the groups of countries as a sub …

Persistent link: https://www.econbiz.de/10010266044

The deepening China Brazil economic relationship

Whalley, John; Medianu, Dana - 2010

We document key features of the deepening economic relationship between Brazil and China. This is evident from sharply … international fora. Data presented show bilateral trade between Brazil and China surging after 2001 and China is now Brazil … rates suggest that China will become the dominant trade partner for Brazil surprisingly soon. …

Persistent link: https://www.econbiz.de/10010274919