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Market sentiment, financial fragility, and economic activity : the role of corporate securities issuance

Dieckelmann, Daniel - 2021

Using new quarterly U.S. data for the past 120 years, I show that sudden reversals in equity and credit market sentiment approximated by several measures of corporate securities issuance are highly predictive of banking crises and recessions. Deviations in equity issuance from historical...

Persistent link: https://www.econbiz.de/10012431742

Was the U.S. Great Depression a Credit Boom Gone Wrong?

Postel-Vinay, Natacha - 2020

The US Great Depression was preceded by almost a decade of credit growth. This review paper suggests that the 1920s credit boom went through two phases: one, up to around 1927, when credit grew in concert with money; another one, from around 1928 to 1929, when credit grew faster than money....

Persistent link: https://www.econbiz.de/10012848726

Oil price uncertainty and the business cycle : accounting for the influences of global supply and demand within a VAR GARCH-in-mean framework

Thiem, Christopher - 2017

volatility as well as the U.S. economy. We find that - even after accounting for these factors - oil price uncertainty still has … confirms these results. Finally, significant spillover effects in the GARCH model suggest that oil price volatility is a gauge …Dieser Beitrag untersucht den Einfluss von Ölpreisunsicherheit auf die Wirtschaftsaktivität der USA mit Hilfe eines VAR …

Persistent link: https://www.econbiz.de/10011608019

Essays on business cycle analysis and demography

Sarferaz, Samad - 2009

Persistent link: https://www.econbiz.de/10008811071

Banking and Financial Crises in United States History : What Guidance can History Offer Policymakers?

Tallman, Ellis W. - 2010

This paper assesses the validity of comparisons between the current financial crisis and past crises in the United States. We highlight aspects of two National Banking Era crises (the Panic of 1873 and the Panic of 1907) that are relevant for comparison with the Panic of 2008. In 1873,...

Persistent link: https://www.econbiz.de/10013139392

Interbank Networks and the Interregional Transmission of Financial Crises : Evidence from the Panic of 1907

Jaremski, Matthew S.; Wheelock, David C. - National Bureau of Economic Research - 2023

This paper provides quantitative evidence on interbank transmission of financial distress in the Panic of 1907 and ensuing recession. Originating in New York City, the panic led to payment suspensions and emergency currency issuance in many cities. Data on the universe of interbank connections...

Persistent link: https://www.econbiz.de/10014287370

Stock Market Jumps and Uncertainty Shocks During the Great Depression

Mathy, Gabriel - 2014

Stock market volatility was extremely high during the Great Depression relative to any other period in American history …-Nielsen and Shephard (2004) test for jumps in financial time-series. These jumps coincided with periods when stock volatility was … high as the arrival of new information about the uncertain future drove both the record stock volatility and the record …

Persistent link: https://www.econbiz.de/10013057225

Business Cycles and Financial Crises : The Roles of Credit Supply and Demand Shocks

Nason, James M. - 2016

intertemporal price. The model space is limited to stochastic volatility (SV) in the errors of the MS-BVARs. Of the 15 MS …

Persistent link: https://www.econbiz.de/10013007877

Business Cycles and Financial Crises : The Roles of Credit Supply and Demand Shocks

Nason, James M. - 2013

intertemporal price. The model space is limited to stochastic volatility (SV) in the errors of the MS-BVARs. Of the 15 MS …

Persistent link: https://www.econbiz.de/10013078965

Business History > Piketty

Wright, Robert E. - 2015

Piketty's Capital in the 21st Century has attracted more attention than it perhaps deserves given that its main empirical claim, that wealth inequality is bound to occur in "capitalist" economies because the rate of return r is greater than the rate of economic growth g (r g), is not rigorously...

Persistent link: https://www.econbiz.de/10014137599

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