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GDP solera : the ideal vintage mix
Almuzara, Martín; Amengual, Dante; Fiorentini, Gabriele; … - 2022
We exploit the information in the successive vintages of gross domestic expenditure (GDE) and gross domestic income (GDI) from the current comprehensive revision to obtain an improved, timely measure of U.S. aggregate output by exploiting cointegration between the different measures and taking...
Persistent link: https://www.econbiz.de/10013336360
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Demand Adjusted Capital Input and Potential Output in the Context of U.S. Economic Growth
Bitros, Georgios (George) C. - 2019
Two alternative measures of demand adjusted capital input for the U.S. non-farm private business sector are derived and their differential impacts on the potential supply of output are compared to those obtained using the unadjusted index of capital input published by the Congressional Budget...
Persistent link: https://www.econbiz.de/10012869529
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Are Foreign Banks Out-Competing U.S. Banks in the U.S. Market?
Nolle, Daniel E. - 2012
The market share of foreign-owned banks (subsidiaries, branches, and agencies) in the United States grew dramatically during the 1980s and early 1990s, amid fears that foreign banks were out-competing U.S.-owned banks in their home market. However, more recent data show that growth of the market...
Persistent link: https://www.econbiz.de/10013112116
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Credit standards and capital allocation in a low interest rate environment
Andersen, Svend Greniman; Kuchler, Andreas - 2016
Using firm-level data from surveys and financial statements, this paper presents an analysis of credit standards, capital allocation and financial conditions of non-financial enterprises in Denmark since the beginning of the financial crisis. The analysis indicates that low interest rates and...
Persistent link: https://www.econbiz.de/10011489436
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Technological progress, the "User Cost of Money," and the real output of banks
Basu, Susanto; Wang, J. Christina - 2013 - This version: December 31, 2013
-Tobin model where households need bank services to purchase consumption goods. Bank deposits are the single medium of exchange in …
Persistent link: https://www.econbiz.de/10010249811
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Real output of bank services : what counts is what banks do, not what they own
Inklaar, Robert; Wang, J. Christina - 2011
The measurement of bank output, a difficult and contentious issue, has become even more important in the aftermath of … information and transactions imply a quantity measure of bank service output based on transaction counts instead of balances of … on balances, this implies a potentially considerable bias in the estimate of bank output growth in Europe vis-à-vis that …
Persistent link: https://www.econbiz.de/10008858830
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The Cost of COVID-19 : A Rough Estimate of the 2020 US GDP Impact
Makridis, Christos - 2020
In this brief, we provide a back-of-the-envelope estimate of the impact of current mitigation measures on the 2020 GDP growth rate. That impact varies by industry, and we are able to identify this variation by adopting a simple but plausible assumption: industries will remain in business in...
Persistent link: https://www.econbiz.de/10012837601
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Reconciled Estimates of Monthly GDP in the US
Koop, Gary; McIntyre, Stuart G.; Mitchell, James; Poon, … - 2022
In the US, income and expenditure-side estimates of GDP (GDPI and GDPE) measure "true" GDP with error and are available at a quarterly frequency. Methods exist for using these proxies to produce reconciled quarterly estimates of true GDP. In this paper, we extend these methods to provide...
Persistent link: https://www.econbiz.de/10013308569
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How Do Changing U.S. Interest Rates Affect Banks in the Gulf Cooperation Council (GCC) Countries?
Adedeji, Olumuyiwa - 2020
in the GCC. We use bank-level panel data, exploiting variation across banks within countries, to isolate the impact of ….S. monetary policy to liability rates than to asset rates and bank profitability, largely reflecting funding structures. In … addition, we explore the role of shifts in the quantity of bank liabilities as policy rates change and the role of large banks …
Persistent link: https://www.econbiz.de/10012843506
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The Non-U.S. Bank Demand for U.S. Dollar Assets
Adrian, Tobias - 2020
The USD asset share of non-U.S. banks captures the demand for dollars by these investors. An instrumental variable strategy identifies a causal link from the USD asset share to the USD exchange rate. Cross-sectional asset pricing tests show that the USD asset share is a highly significant...
Persistent link: https://www.econbiz.de/10012828241