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A Shadow Policy Rate to Calibrate US Monetary Policy at the Zero Lower Bound
Lombardi, Marco J. - 2014
The recent global financial crisis, the Great Recession and the subsequent implementation of a variety of unconventional policy measures have raised the issue of how to correctly measure the stance of monetary policy when policy interest rates reach the zero lower bound (ZLB). In this paper, we...
Persistent link: https://www.econbiz.de/10013052076
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Essays on housing : tax treatment, prices, and macroeconomic implications
Karlman, Markus - 2020
Persistent link: https://www.econbiz.de/10012519330
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Adverse selection and inertia in health insurance markets : when nudging hurts
Handel, Benjamin R. - In: The American economic review 103 (2013) 7, pp. 2643-2682
Persistent link: https://www.econbiz.de/10010246503
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Tobacco regulation and cost-benefit analysis : how should we value foregone consumer surplus?
Levy, Helen; Norton, Edward C.; Smith, Jeffrey A. - 2016
Persistent link: https://www.econbiz.de/10011525473
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Stuck at home : housing demand during the COVID-19 pandemic
Gamber, William L.; Graham, James; Yadav, Anirudh - In: Journal of housing economics 59PB (2023), pp. 1-17
Persistent link: https://www.econbiz.de/10014249267
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An Interest Rate Peg Might Be Better than You Think
Hörmann, Markus - 2009
Active interest rate policy is frequently recommended based on its merits in reducing macroeconomic volatility and being a simple and transparent policy device. In a standard New Keynesian model,we show that an even simpler policy, namely an interest rate peg, can be welfare enhancing: The...
Persistent link: https://www.econbiz.de/10013155382
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Monetary Policy at the Zero Lower Bound
Cabos, Karen - 2015
Both interest rates and inflation rates in the Euro area have reached levels dangerously close to zero. By the strategy … argued that the inflation forecasts of the ECB are central for the communication strategy. In the current situation they …
Persistent link: https://www.econbiz.de/10013009427
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Inflation's Impact on American Households
Altig, David; Auerbach, Alan J.; Eidschun, Erin F.; … - National Bureau of Economic Research - 2024
The post-COVID price surge has reignited interest in inflation's impact on American households. Even if anticipated and … with full market adjustments, inflation affects households through its interaction with the fiscal system, which is the … focus of this paper. Inflation affects households through its interaction with the fiscal. We run the 2019 Survey of …
Persistent link: https://www.econbiz.de/10014544760
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Estimated impact of the Fed's mortgage-backed securities purchase program
Stroebel, Johannes; Taylor, John B. - 2009
Persistent link: https://www.econbiz.de/10003924201
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The housing boom and bust : model meets evidence
Kaplan, Greg; Mitman, Kurt; Violante, Giovanni L. - 2017
Persistent link: https://www.econbiz.de/10011731268