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The behavior of small and large firms during business cycle episodes and during monetary policy episodes : a comparison of earlier and recent periods
Yu, Sung-Eun - 2017
I provide more evidence on the behavior of small and large firms, employing the Flow of Funds data, the QFR data and other sources. The empirical test to examine behavior of small and large firms is conducted in two ways: (1) by different episodes, tight monetary policy episodes and business...
Persistent link: https://www.econbiz.de/10011590970
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The Great Depression : Misunderstanding Deflation
Bartlett, Bruce - 2016
The core problem of both the Great Depression and the 2008/2009 economic crisis was deflation. A review of the Great Depression examines the long, slow intellectual and political process that finally led to a correct understanding of how deflation arose and the difficulty of addressing it with...
Persistent link: https://www.econbiz.de/10012983282
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Supply or demand? : policy makers' confusion in the pesence of hysteresis
Fatás, Antonio; Singh, Sanjay R. - 2022
aggregate demand policies. In this paper we study the case of a central bank that ignores the presence of hysteresis when … bank that mistakes a demand shock for a supply shock, will produce permanent effects on output through their suboptimal … policies. Ex-post, the central bank will see an economy that resembles what they had forecast when designing their policies …
Persistent link: https://www.econbiz.de/10013179263
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Monetary policy in the media
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - 2011
Persistent link: https://www.econbiz.de/10008859079
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Monetary policy in the media
Berger, Helge; Ehrmann, Michael; Fratzscher, Marcel - In: Journal of money, credit and banking : JMCB 43 (2011) 4, pp. 689-709
Persistent link: https://www.econbiz.de/10009238059
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Monetary policy in the media
Berger, Helge (contributor); Ehrmann, Michael (contributor);  … - 2006
Media coverage of monetary policy actions is a central channel of a central bank's communication with the wider public …
Persistent link: https://www.econbiz.de/10003375096
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Media, Money and Trust
Little, Graham - 2019
Humans act based on the ideas they adopt and apply to circumstance with the intensity of action derived from the associated emotions. It follows that in any society the presentation of the ideas to citizens a major driver of citizen opinion and hence a major driver of social development. After...
Persistent link: https://www.econbiz.de/10012859902
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Money, credit, monetary policy, and the business cycle in the euro area : what has changed since the crisis?
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019
This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...
Persistent link: https://www.econbiz.de/10012000041
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Money, credit, monetary policy and the business cycle in the euro area : what has changed since the crisis?
Giannone, Domenico; Lenza, Michele; Reichlin, Lucrezia - 2019
This paper studies the relationship between the business cycle and financial intermediation in the euro area. We establish stylized facts and study their stability during the global financial crisis and the European sovereign debt crisis. Long-term interest rates have been exceptionally high and...
Persistent link: https://www.econbiz.de/10011959310
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Banks' leverage behaviour in a two-agent New Keynesian model
Boitani, Andrea; Punzo, Chiara - 2018
In a NK model with two types of rational agents, savers and capitalists, and non-maximizing banks, financial shocks do affect the macroeconomic dynamics depending on banks' behaviour as for their leverage ratio. We first show that the level of banks' leverage - which may be imposed by banks...
Persistent link: https://www.econbiz.de/10011790871