Similar Search Results

Friedman's Monetary Economics in Practice

Nelson, Edward - 2011

to the path of short-term rates; 3) deposit insurance has been extended, helping to insulate the money stock from credit …

Persistent link: https://www.econbiz.de/10013124914

Does Bank Lending Affect Output? Evidence from the U.S. States

Driscoll, John C. - 2003

.S. states are small open economies with fixed exchange rates, state-specific shocks to money demand are automatically … variable, I find that shocks to money demand have large and statistically significant effects on the supply of bank loans, but …

Persistent link: https://www.econbiz.de/10014075822

The Correlation Between Money and Output in the United Kingdom : Resolution of a Puzzle

Nelson, Edward - 2012

Friedman and Schwartz (1982) and Goodhart (1982) report a zero correlation between money growth and output growth in U … money growth/output growth correlation is indeed recoverable from U.K. historical data. Strike activity in the 1970s and … correlation between money and output in the United Kingdom …

Persistent link: https://www.econbiz.de/10013106773

How Have Banks Been Managing the Composition of High-Quality Liquid Assets?

Ihrig, Jane E. - 2020

We study banks' post-crisis liquidity management. We construct time series of U.S. banks' holdings of high-quality liquid assets (HQLA) and examine how these assets have been managed in recent years to comply with the Liquidity Coverage Ratio (LCR) requirement. We find that, in becoming LCR...

Persistent link: https://www.econbiz.de/10012853822

Non-Linear Phillips Curves with Inflation Regime-Switching

Nalewaik, Jeremy - 2016

Building on the results in Nalewaik (FEDS 2015-93), this work models wage growth and core PCE price inflation as regime-switching processes, whose characteristics in the 1970s, 1980s and early 1990s differ fundamentally from their characteristics in the 1960s and from the mid-1990s to present....

Persistent link: https://www.econbiz.de/10013210454

The monetary base in Allan Meltzer's analytical framework

Nelson, Edward - 2019

mattered for aggregate demand. (ii) The base might serve as a useful indicator of the likely future course of the money stock … money stock, and the economy. Such stimulative actions implied increases in the monetary base; however, Meltzer did …

Persistent link: https://www.econbiz.de/10012016734

Karl Brunner and U.K. monetary debate

Nelson, Edward - 2018

Although he was based in the United States, leading monetarist Karl Brunner participated in debates in the United Kingdom on monetary analysis and policy from the 1960s to the 1980s. During the 1960s, his participation in the debates was limited to research papers, but in the 1970s, as...

Persistent link: https://www.econbiz.de/10012016810

Voluntary reserve targets

Baughman, Garth; Carapella, Francesca - 2018

This paper updates the standard workhorse model of banks' reserve management to include frictions inherent to money …

Persistent link: https://www.econbiz.de/10011932184

The costs and benefits of liquidity regulations : lessons from an idle monetary policy tool

Curfman, Christopher J.; Kandrac, John - 2019

We investigate how liquidity regulations affect banks by examining a dormant monetary policy tool that functions as a liquidity regulation. Our identification strategy uses a regression kink design that relies on the variation in a marginal high-quality liquid asset (HQLA) requirement around an...

Persistent link: https://www.econbiz.de/10012181216

Reaffirming the influence of Milton Friedman on U.K. economic policy

Nelson, Edward - 2017

This paper finds a significant influence of Milton Friedman on U.K. economic policy from the 1970s onward, and especially during the period of the Thatcher Government. The finding is based on a consideration of statements by policymakers and key economic advisers, as well as an analysis of...

Persistent link: https://www.econbiz.de/10011803172

1
2
3
4
5
6
7
8
9
10
Next
Last