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Did doubling reserve requirements cause the recession of 1937-1938? : a microeconomic approach
Calomiris, Charles W.; Mason, Joseph R.; Wheelock, David C. - 2011
In 1936-37, the Federal Reserve doubled the reserve requirements imposed on member banks. Ever since, the question of whether the doubling of reserve requirements increased reserve demand and produced a contraction of money and credit, and thereby helped to cause the recession of 1937-1938, has...
Persistent link: https://www.econbiz.de/10008841012
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Discriminating between Keynesian and classical theories of the business cycle : Japan 1967-1982
Parkin, Michael - 1984
Persistent link: https://www.econbiz.de/10003647887
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Withstanding great recession like China
Wen, Yi; Wu, Jing - 2014
Persistent link: https://www.econbiz.de/10010337050
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The visible hand : the role of government in China's long-awaited industrial revolution
Fortier, George E.; Wen, Yi - 2016
China is undergoing its long-awaited industrial revolution. There is no shortage of commentary and opinion on this … fundamental mechanisms behind China's rapid industrialization. This article reviews the New Stage Theory of economic development …, despite sharp differences in political and institutional conditions. One of the key conclusions exemplified by China …
Persistent link: https://www.econbiz.de/10011539803
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Uncertainty and economic activity : a global perspective
Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - 2014
The 2007-2008 global financial crisis and the subsequent anemic recovery have rekindled academic interest in quantifying the impact of uncertainty on macroeconomic dynamics. This paper studies the interrelation between financial markets volatility and economic activity assuming that both...
Persistent link: https://www.econbiz.de/10011286232
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Structural fiscal balances in Latin America and the Caribbean : new dataset and estimations
Ardanaz, Martín; Corbacho, Ana; Gonzáles, Alberto; … - 2015
In recent years, an increasing number of countries have began anchoring their fiscal policy frameworks in terms of rules that target the cyclically adjusted or structural (as opposed to actual) balance in an effort to overcome problems of procyclicality and fiscal volatility. The logic for doing...
Persistent link: https://www.econbiz.de/10011316667
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Uncertainty and the macroeconomy : evidence from an uncertainty composite indicator
Charles, Amélie; Darné, Olivier; Tripier, Fabien - 2017
Persistent link: https://www.econbiz.de/10012059527
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Uncertainty shocks and firm creation : search and monitoring in the credit market
Brand, Thomas; Isoré, Marlène; Tripier, Fabien - 2018
Persistent link: https://www.econbiz.de/10012060384
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Timing the Maltese business cycle : a historical perspective
Ellul, Reuben - 2021
Despite data limitations, formal methods can still be applied to identify business cycle turning points and hence date appropriately the Maltese business cycle. An extension of the official quarterly GDP time series to the 1970s allows for a historical view on dating the business cycle, leading...
Persistent link: https://www.econbiz.de/10012431923
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Fiscal decentralization and structural versus cyclical unemployment levels
Akalbeo, Benard; Martinez-Vazquez, Jorge; Yedgenov, … - 2022
Persistent link: https://www.econbiz.de/10013500565