Narrow search
Showing 1 - 10 of 1,418
Cover Image
Distribution, wealth and demand regimes in historical perspective : USA, UK, France and Germany, 1855-2010
Stockhammer, Engelbert; Rabinovich, Joel; Reddy, Niall - 2018
changes in income distribution and in private wealth on consumption and investment covering a period from as early as 1855 … effects are found to be positive and significant for consumption in the USA and UK, but weaker in France and Germany …
Persistent link: https://www.econbiz.de/10011924602
Cover Image
The effects of the saving and banking glut on the U.S. economy
Justiniano, Alejandro; Primiceri, Giorgio E.; … - 2013
We use a quantitative equilibrium model with houses, collateralized debt and foreign borrowing to study the impact of global imbalances on the U.S. economy in the 2000s. Our results suggest that the dynamics of foreign capital flows account for between one fourth and one third of the increase in...
Persistent link: https://www.econbiz.de/10010352184
Cover Image
Do Banks Lend Less in Uncertain Times?
Raunig, Burkhard; Scharler, Johann; Sindermann, Friedrich - 2014
We study the development of bank lending in the U.S. after four large jumps in uncertainty using an event study approach. We find that more liquid banks reduce lending less than banks with smaller liquidity ratios after a surge in uncertainty. Lending by smaller banks is also less responsive to...
Persistent link: https://www.econbiz.de/10013370111
Cover Image
The Triffin dilemma again
Campanella, Edoardo - 2010
Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...
Persistent link: https://www.econbiz.de/10008648332
Cover Image
Do banks lend less in uncertain times
Raunig, Burkhard; Scharler, Johann; Sindermann, Friedrich - 2014
We study the development of bank lending in the U.S. after four large jumps in uncertainty using an event study approach. We find that more liquid banks reduce lending less than banks with smaller liquidity ratios after a surge in uncertainty. Lending by smaller banks is also less responsive to...
Persistent link: https://www.econbiz.de/10010252111
Cover Image
Corporate tax reforms with policy uncertainty
Ábrahám, Árpád; Brendler, Pavel; Cárceles-Poveda, Eva - 2019
One important feature of tax reforms, in particular corporate tax reforms, is the uncertainty surrounding them. Are they going to be permanent or are they likely to be withdrawn by the subsequent government? The expected duration of the reform is important because it affects households' economic...
Persistent link: https://www.econbiz.de/10012312024
Cover Image
Oil prices and the US economy : where is the boom?
Arora, Vipin - 2015
negative if consumption grows slowly. The reasons for this change are straightforward, if underappreciated: (i) the value of …
Persistent link: https://www.econbiz.de/10011289074
Cover Image
The rate of return on everything, 1870-2015
Jordà, Òscar; Knoll, Katharina; Kuvshinov, Dmitry; … - 2018
time - total returns to the largest, but oft ignored, component of household wealth, housing. The annual data on total … returns for equity, housing, bonds, and bills cover 16 advanced economies from 1870 to 2015, and our new evidence reveals many …
Persistent link: https://www.econbiz.de/10011794864
Cover Image
Monetary policy, housing booms and financial (im)balances
Eickmeier, Sandra; Hofmann, Boris - 2010
This paper uses a factor-augmented vector autoregressive model (FAVAR) estimated on U.S. data in order to analyze monetary transmission via private sector balance sheets, credit risk spreads and asset markets in an integrated setup and to explore the role of monetary policy in the three...
Persistent link: https://www.econbiz.de/10010300360
Cover Image
Regional housing market spillovers in the US: lessons from regional divergences in a common monetary policy setting
Vansteenkiste, Isabel - 2007
In this paper, we seek to quantify the importance of state-level housing price spillovers and interest rate shocks to … importance of interstate housing price spillovers. Beyond real house prices and real income per capita, each state … importance of housing price spillovers is state dependent, with shocks occurring in states with relatively lower land supply …
Persistent link: https://www.econbiz.de/10011604754