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The Revived Bretton Woods System, Liquidity Creation, and Asset Price Bubbles

Dellas, Harris - 2013

led to the creation of excessive global liquidity, which has contributed to asset price bubbles. Although the exchange …

Persistent link: https://www.econbiz.de/10013083537

The changing macroeconomic response to stock market volatility shocks

Beetsma, Roel; Giuliodori, Massimo - 2011 - This version: 14 November 2011

There is substantial consensus in the literature that positive uncertainty shocks predict a slowdown of economic activity. However, using U.S. data since 1950 we show that the macroeconomic response pattern to stock market volatility shocks has changed substantially over time. The negative...

Persistent link: https://www.econbiz.de/10009380407

The Changing Macroeconomic Response to Stock Market Volatility Shocks

Beetsma, Roel M. W. J. - 2011

Persistent link: https://www.econbiz.de/10013117909

The Effects of Macroeconomic Announcements on Commodity Prices

Barnhart, Scott W. - 2009

This article analyzes the immediate reaction of a representative sample of commodity prices and two T-bill yields to the unanticipated components of thirteen macroeconomic announcements. Surprises in the monetary variables cause the majority of the significant commodity price responses; while...

Persistent link: https://www.econbiz.de/10013155905

The Valuation of Inherent Return (Bitcoin, Gold, Oil) Vs. Fiat Return Assets (Stocks, Bonds) – A Common Principle

Van Erlach, Julian - 2022

Economic assets can be classified into two broad categories: those earning an inherent return and those earning a fiat money return. This article shows that both are valued according to the same general principle based on GDP (a constant equal to expected long term real per capita GDP growth)...

Persistent link: https://www.econbiz.de/10013405892

Excess Corporate Profits : A Bubble, or the New Publicani?

Waelbroeck, Henri - 2015

Net corporate profits have persisted at historical highs for almost 10 years. Such levels exceed what can be profitably re-invested, as evidenced by aggregate dividend payouts and buybacks nearing 6% of GDP. We argue that at such levels corporate profits operate effectively as a tax on the...

Persistent link: https://www.econbiz.de/10013015761

Introduction to the Macroeconomic Dynamics : Special Issues on Money, Credit, and Liquidity

Nosal, Ed - 2010

to the Macroeconomics Dynamics special issues on money, credit and liquidity …

Persistent link: https://www.econbiz.de/10013135673

A tractable model of indirect asset liquidity

Herrenbrueck, Lucas; Geromichalos, Athanasios - 2015

Assets have "indirect liquidity" if they cannot be used as media of exchange, but can be traded to obtain a medium of … liquidity, provides closed form solutions for real and nominal assets, and discusses properties of the solutions. Some of these …

Persistent link: https://www.econbiz.de/10011429961

Asymmetric effects of global liquidity expansion on foreign portfolio inflows, exchange rates, and stock prices

Dong-Eun, Rhee; Da Young, Yang - In: Journal of East Asian economic integration 18 (2014) 2, pp. 143-161

This paper examines the effects of global liquidity expansion on advanced and emerging economies by using panel VAR … methodology. The results show that global liquidity expansion tends to boost economy by increasing GDP growth and stock prices …. However, we find that the effects are asymmetric. The effects of global liquidity on GDP and stock prices are greater and more …

Persistent link: https://www.econbiz.de/10011568335

Liquidity Injections May Have Driven the Stock Market Recovery

Sunder, Shyam - 2020

The Fed has responded to sharp drops in stock prices for two decades by pumping massive amounts of liquidity into the …

Persistent link: https://www.econbiz.de/10014352291

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