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How the New Fed Municipal Bond Facility Capped Muni-Treasury Yield Spreads in the Covid-19 Recession
Bordo, Michael D.; Duca, John V. - National Bureau of Economic Research - 2021
For over two centuries, the municipal bond market has been a source of systemic risk, which returned early in the Covid-19 downturn when borrowing from securities markets became costly for many private and public entities, and some found it difficult to borrow at all. Indeed, just before the Fed...
Persistent link: https://www.econbiz.de/10012482653
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Bond Market Inflation Expectations in Industrial Countries : Historical Comparisons
Bordo, Michael D. - 2001
We define the Fisherian Golden Rule measure of bond market inflation expectations as the difference between bond rates … and trend real GDP growth rates. The concept is based on the Fisherian theory that an increase in longer-term inflation … rates of interest would equal the growth rate of real output. We compare the bond market inflation experiences of 13 …
Persistent link: https://www.econbiz.de/10012470134
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Bond Market Inflation Expectations in Industrial Countries : Historical Comparisons
Bordo, Michael D. - 2003
We define the Fisherian Golden Rule measure of bond market inflation expectations as the difference between bond rates … and trend real GDP growth rates. The concept is based on the Fisherian theory that an increase in longer-term inflation … rates of interest would equal the growth rate of real output. We compare the bond market inflation experiences of 13 …
Persistent link: https://www.econbiz.de/10012786913
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Bond market inflation expectations in industrial : countries historical comparisons
Bordo, Michael D.; Dewald, William G. - 2001
Persistent link: https://www.econbiz.de/10001626400
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How the new fed municipal bond facility capped muni-treasury yield spreads in the COVID-19 recession
Bordo, Michael D.; Duca, John V. - 2021
Persistent link: https://www.econbiz.de/10012656484
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How the new fed municipal bond facility capped municipal-treasury yield spreads in the Covid-19 recession
Bordo, Michael D.; Duca, John V. - In: Journal of the Japanese and international economies : … 67 (2023), pp. 1-17
Persistent link: https://www.econbiz.de/10014252707
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How the New Fed Municipal Bond Facility Capped Muni-Treasury Yield Spreads in the Covid-19 Recession
Bordo, Michael D.; Duca, John V. - 2021
For over two centuries, the municipal bond market has been a source of systemic risk, which returned early in the COVID-19 downturn when borrowing from securities markets became costly for many private and public entities, and some found it difficult to borrow at all. Indeed, just before the Fed...
Persistent link: https://www.econbiz.de/10014048698
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The gold standard and economic stability : a counterfactual experiment
Bordo, Michael D. - In: Studies in economic analysis 9 (1985) 2, pp. 3-27
Persistent link: https://www.econbiz.de/10001114227
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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
Persistent link: https://www.econbiz.de/10011981874
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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. - In: Open economies review 31 (2020) 1, pp. 195-211
Persistent link: https://www.econbiz.de/10012229712