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U.S. Job Flows and the China Shock
Asquith, Brian - 2017
International trade exposure affects job creation and destruction along the intensive margin (job flows due to expansions and contractions of firms' employment) as well as along the extensive margin (job flows due to births and deaths of firms). This paper uses 1992-2011 employment data from the...
Persistent link: https://www.econbiz.de/10012941975
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Interpreting the Unconventional U.S. Monetary Policy of 2007-09
Reis, Ricardo - 2010
compares the Federal Reserve's actions with the literature on optimal policy in a liquidity trap. The theory suggests that, to … securities markets can restore liquidity with fewer government funds than extending credit to the originators of loans …
Persistent link: https://www.econbiz.de/10013148674
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Corporate Bond Liquidity During the Covid-19 Crisis
Kargar, Mahyar - 2020
We study liquidity conditions in the corporate bond market during the COVID-19 pandemic, and the effects of the … unprecedented interventions by the Federal Reserve. We find that, at the height of the crisis, liquidity conditions deteriorated … “lean against the wind” and bid-ask spreads declined. To study the causal impact of the interventions on market liquidity …
Persistent link: https://www.econbiz.de/10012831284
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Liquidity risk after the crisis
Malz, Allan Martin - In: The Cato journal : an interdisciplinary journal of … 38 (2018) 1, pp. 35-64
Persistent link: https://www.econbiz.de/10011931011
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Debt and systemic risk : the contribution of fiscal and monetary policy
Steil, Benn - In: The Cato journal : an interdisciplinary journal of … 30 (2010) 2, pp. 391-396
Persistent link: https://www.econbiz.de/10008909785
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The fiscal-monetary policy mix
Reynolds, Alan - In: The Cato journal : an interdisciplinary journal of … 21 (2001) 2, pp. 263-275
Persistent link: https://www.econbiz.de/10001631617
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Don't mix monetary and fiscal policy : why return to an old, flawed framework?
Levy, Mickey D. - In: The Cato journal : an interdisciplinary journal of … 21 (2001) 2, pp. 277-283
Persistent link: https://www.econbiz.de/10001631618
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Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market
Deng, Yongheng - 2011
In the recent financial crisis, macroeconomic stimuli produced mixed results across developed economies. In contrast, China's stimulus boosted real GDP growth from an annualized 6.2% in the first quarter of 2009 trough to 11.9% in the first quarter of 2010. Amidst this phenomenal response, land...
Persistent link: https://www.econbiz.de/10013128599
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U.S. Monetary and Fiscal Policy in the 1930s
Fishback, Price V. - 2010
The paper provides a survey of fiscal and monetary policies during the 1930s under the Hoover and Roosevelt Administrations and how they influenced the policies during the recent Great Recession. The discussion of the causal impacts of monetary policy focuses on papers written in the last decade...
Persistent link: https://www.econbiz.de/10013136747
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The Imbalances of the Bretton Woods System 1965 to 1973 : U.S. Inflation, the Elephant in the Room
Bordo, Michael D. - 2018
This paper argues that the key deep underlying fundamental for the growing international imbalances leading to the collapse of the Bretton Woods system between 1971 and 1973 was rising U.S. inflation since 1965. It was driven in turn by expansionary fiscal and monetary policies—the elephant in...
Persistent link: https://www.econbiz.de/10012906267