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Persistent link: https://www.econbiz.de/10013520482
A narrative history by a Fed insider of how monetary policy is shaped in the US, with special emphasis on the …
Persistent link: https://www.econbiz.de/10012397913
This volume empirically analyzes the effects of quantitative easing (QE) on interest rates and the economy in the US … simulation results suggest that the unconventional monetary policies have a positive influence on industrial production in the US …, UK and Japan. The authors’ analysis finds that QE contributes to the reduction in unemployment in the US and Japan, and a …
Persistent link: https://www.econbiz.de/10014017297
Introduction -- Part I -- Historical Perspectives on Money, Financial Institutions and Markets -- What Gives Money Its Value? -- From Gold to Paper -- What is Driving the Financial World Today? -- Part II Banking: Asset & Liability Management; Banking Supervision & Regulation -- How Are Banks...
Persistent link: https://www.econbiz.de/10014017411
Monetary Interaction between Europe and America -- Monetary Cooperation between Europe and America -- Fiscal Interaction between Europe and America -- Fiscal Coopearation between Europe and America -- Monetary and Fiscal Interaction between Europe and America: Cold-Turkey Policies -- Monetary...
Persistent link: https://www.econbiz.de/10013522949
affected the distribution of credit, wealth, and income in the US. …
Persistent link: https://www.econbiz.de/10013520922
The book reveals how the Global Credit Bubble and Bust of 2003-10 stemmed from giant monetary disequilibrium created by the Federal Reserve. Almost continually that institution has pursued flawed monetary practice and principle which has mutated into Bernanke-ism. The book dissects this and...
Persistent link: https://www.econbiz.de/10012652522
We study the implications of global supply chains for the design of monetary policy, using a small-open economy New Keynesian model with multiple stages of production. Within the family of simple monetary policy rules with commitment, a rule that targets separate producer price inflation at...
Persistent link: https://www.econbiz.de/10012479127
This paper starts by documenting a new fact that consumer price index (CPI) and producer price index (PPI) used to move in tandem within a given country around the world, but start to diverge after 2000. Understanding the source of divergence is important as it potentially affects optimal...
Persistent link: https://www.econbiz.de/10012453395
The creation of the euro and the European Central Bank is a remarkable and unprecedented event in economic and political history: creating a supranational central bank and leaving eleven countries without national currencies of their own. The experience of the first year confirms that one size...
Persistent link: https://www.econbiz.de/10012471257