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Asset price bubbles : a selective survey
Scherbina, Anna - 2013
Persistent link: https://www.econbiz.de/10009726553
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Asset Price Bubbles : A Selective Survey
Scherbina, Anna - 2013
Why do asset price bubbles continue to appear in various markets? This paper provides an overview of recent literature … on bubbles, with significant attention given to behavioral models and rational models with frictions. Unlike the standard … insights for how bubbles are initiated and sustained, the reasons they burst, and why arbitrage forces do not routinely step in …
Persistent link: https://www.econbiz.de/10014395388
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Identifying speculative bubbles : a two-pillar surveillance framework
Jones, Bradley - 2014
Persistent link: https://www.econbiz.de/10010479411
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External imbalances and financial crises
Taylor, Alan M. - 2013
Consider two views of the global financial crisis. One view looks across the border: it blames external imbalances, the unprecedented current account deficits and surpluses in recent years. Another view looks within the border: it faults domestic financial systems where risks originated in...
Persistent link: https://www.econbiz.de/10012667413
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Identifying Speculative Bubbles : A Two-Pillar Surveillance Framework
Jones, Bradley - 2014
In the aftermath of the global financial crisis, the issue of how best to identify speculative asset bubbles (in real …
Persistent link: https://www.econbiz.de/10014411764
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The U.S. oil supply revolution and the global economy
Mohaddes, Kamiar; Raissi, Mehdi - 2015
This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2 to 2011Q2. Set-identification of the U.S. oil supply shock is achieved through...
Persistent link: https://www.econbiz.de/10011445835
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Implementing the United States' domestic and international climate mitigation goals : a supportive fiscal policy approach
Parry, Ian W. H. - 2021
The United States has pledged to become carbon neutral by 2050, meet sectoral objectives (e.g., for carbon free power, electric vehicles) and encourage greater mitigation among large emitting countries and of international transportation emissions. Fiscal policies at the national, sectoral, and...
Persistent link: https://www.econbiz.de/10012518755
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Risks and vulnerabilities in the U.S. bond mutual fund industry
Bouveret, Antoine; Yu, Jie - 2021
This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of analyses to identify which fund categories are more vulnerable to distress than others, and how sales from funds can impact financial stability. We develop a new measure to identify...
Persistent link: https://www.econbiz.de/10012605013
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U.S. dollar currency premium in corporate bonds
Caramichael, John; Gopinath, Gita; Liao, Gordon Y. - 2021
We isolate a U.S. dollar currency premium by comparing corporate bonds issued in the dollar and the euro by firms o utside t he U .S. a nd e uro a rea. We make s everal empirical observations that dissect the perceived advantage of borrowing in the dollar. First, while the dollar dominates...
Persistent link: https://www.econbiz.de/10012605639
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U.S. monetary policy normalization and global interest rates
Caceres, Carlos; Carrière-Swallow, Yan; Demir, Ishak; … - 2016
As the Federal Reserve continues to normalize its monetary policy, this paper studies the impact of U.S. interest rates on rates in other countries. We find a modest but nontrivial pass-through from U.S. to domestic short-term interest rates on average. We show that, to a large extent, this...
Persistent link: https://www.econbiz.de/10011715431