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The reform of October 1979: How it happened and why
Lindsay, David E.; Orphanides, Athanasios; Rasche, Robert H. - 2004
This study offers a historical review of the monetary policy reform of October 6, 1979, and discusses the influences …) meetings during 1979. We then present and discuss in detail the reasons for the FOMC's adoption of the reform and the … the reform were consistent with monetarism, new, neo, or old-fashioned Keynesianism, nominal income targeting, and …
Persistent link: https://www.econbiz.de/10010298294
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Insolvency after the 2005 bankruptcy reform
Albanesi, Stefania; Nosal, Jaromir - 2015
and Consumer Protection Act (BAPCPA), the most substantive reform of personal bankruptcy in the United States since the … Bankruptcy Reform Act of 1978. The 2005 legislation introduced a means test based on income to establish eligibility for Chapter …, especially, the financial cost of filing for bankruptcy. We study the effects of the reform on bankruptcy, insolvency, and …
Persistent link: https://www.econbiz.de/10010505950
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Letter from America: The US Economy and the Election
Galbraith, James K. - In: Intereconomics 59 (2024) 2, pp. 119-120
Persistent link: https://www.econbiz.de/10014545962
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Financialization: What it is and Why it Matters
Palley, Thomas I. - 2008
Financialization is a process whereby financial markets, financial institutions and financial elites gain greater influence over economic policy and economic outcomes. Financialization transforms the functioning of economic system at both the macro and micro levels. Its principal impacts are to...
Persistent link: https://www.econbiz.de/10010460461
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The Influence of the Taylor rule on US monetary policy
Ilbas, Pelin; Røisland, Øistein; Sveen, Tommy - 2013
We analyze the influence of the Taylor rule on US monetary policy by estimating the policy preferences of the Fed within a DSGE framework. The policy preferences are represented by a standard loss function, extended with a term that represents the degree of reluctance to letting the interest...
Persistent link: https://www.econbiz.de/10011506761
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Finance-dominated capitalism in crisis : the case for a Global Keynesian New Deal
Hein, Eckhard; Truger, Achim - 2010
We analyse the long-run imbalances of finance-dominated capitalism underlying the present crisis - which began in 2007 - with a focus on developments in the US and Germany. We argue that beyond inefficient regulation of the financial sector, the severeness of the present crisis has been mainly...
Persistent link: https://www.econbiz.de/10009549800
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The Influence of the Taylor Rule on US Monetary Policy
Ilbas, Pelin - 2013
We analyze the influence of the Taylor rule on US monetary policy by estimating the policy preferences of the Fed within a DSGE framework. The policy preferences are represented by a standard loss function, extended with a term that represents the degree of reluctance to letting the interest...
Persistent link: https://www.econbiz.de/10013073072
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Revealing the Preferences of the US Federal Reserve
Ilbas, Pelin - 2008
We use Bayesian methods to estimate the preferences of the US Federal Reserve by assuming that monetary policy is performed optimally under commitment since the mid-sixties. For this purpose, we distinguish between three subperiods, i.e. the pre-Volcker, the Volcker-Greenspan and the Greenspan...
Persistent link: https://www.econbiz.de/10012723870
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Do Localised Lockdowns Cause Labour Market Externalities?
Guaitoli, Gabriele; Tochev, Todor - 2021
The business restrictions introduced during the COVID-19 pandemic greatly affected the labour market. However, quantifying their costs is not trivial as local policies affect neighbouring areas through spillovers. Exploiting the U.S. local variation in restrictions and commuting, we estimate the...
Persistent link: https://www.econbiz.de/10013218389
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Public Firm Borrowers of the US Paycheck Protection Program
Cororaton, Anna; Rosen, Samuel - 2021
We document that nearly half of US public firms were eligible for the Paycheck Protection Program (PPP) in 2020, with 41.8% of those eligible choosing to borrow. Consistent with the program's objectives, borrowers tended to be smaller with less cash, higher leverage, and fewer investment...
Persistent link: https://www.econbiz.de/10013237119