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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/10012462989
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Will Subprime be a Twin Crisis for the United States?
Dooley, Michael P. - 2008
We identify incentives generated by the Bretton Woods II system that may have contributed to the sub-prime liquidity … liquidity crisis is or will become a balance of payments crisis for the United States. Given that it happens, the additional … that will help limit the damage from the liquidity crisis …
Persistent link: https://www.econbiz.de/10012464668
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U.S. Job Flows and the China Shock
Asquith, Brian J. - 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/10012453633