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The Fed's International Dollar Liquidity Facilities : New Evidence on Effects

Goldberg, Linda S.; Ravazzolo, Fabiola - 2021

In March 2020, the Federal Reserve eased the terms on its standing swap lines in collaboration with other central banks, reactivated temporary swap agreements, and then introduced the new Foreign and International Monetary Authorities (FIMA) Repo Facility. We provide new evidence on how the...

Persistent link: https://www.econbiz.de/10013309964

Complexity in Large U.S. Banks

Goldberg, Linda S. - 2019

While both size and complexity are important for the largest U.S. bank holding companies (BHCs), specific types of complexity and their patterns across banks are not well understood. We introduce a range of measures of organizational, business, and geographic complexity. Comparing 2007 with...

Persistent link: https://www.econbiz.de/10012891671

International Capital Flow Pressures

Goldberg, Linda S. - 2018

This paper presents a new measure of capital flow pressures in the form of a recast exchange market pressure index. The measure captures pressures that materialize in actual international capital flows as well as pressures that result in exchange rate adjustments. The formulation is...

Persistent link: https://www.econbiz.de/10012927984

Subjective Intertemporal Substitution

Crump, Richard K. - 2020

We estimate the elasticity of intertemporal substitution (EIS)—the response of expected consumption growth to changes …). This unique data set allows us to estimate the consumption Euler equation with no auxiliary assumptions on the properties … with the results of much of the literature. In addition, planned consumption displays excess sensitivity to expected income …

Persistent link: https://www.econbiz.de/10012856136

Inflation band targeting and optimal inflation contracts

Mishkin, Frederic S.; Westelius, Niklas J. - In: Journal of money, credit and banking : JMCB 40 (2008) 4, pp. 557-582

Persistent link: https://www.econbiz.de/10003714478

Globalization, macroeconomic performance, and monetary policy

Mishkin, Frederic S. - In: Journal of money, credit and banking : JMCB 41 (2009), pp. 187-196

Persistent link: https://www.econbiz.de/10003807835

Have we underestimated the likelihood and severity of zero lower bound events?

Hess, Chung; Laforte, Jean-Philippe; Reifschneider, … - In: Journal of money, credit and banking : JMCB 44 (2012), pp. 47-82

Persistent link: https://www.econbiz.de/10009574677

Three lessons for monetary policy in a low-inflation era

Reifschneider, David Leon; Williams, John C. - In: Journal of money, credit and banking : JMCB 32 (2000) 4,2, pp. 936-966

Persistent link: https://www.econbiz.de/10001537696

Banking Globalization, Transmission, and Monetary Policy Autonomy

Goldberg, Linda S. - 2013

International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of...

Persistent link: https://www.econbiz.de/10013075025

Macroeconomic Interdependence and the International Role of the Dollar

Goldberg, Linda S. - 2008

The U.S. dollar plays a key role in international trade invoicing along two complementary dimensions. First, most U.S. exports and imports are invoiced in dollars; second, trade flows that do not involve the United States are often invoiced in dollars, a fact that has received relatively little...

Persistent link: https://www.econbiz.de/10012725210