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Reserves, liquidity and money : an assessment of balance sheet policies
Chadha, Jagjit; Corrado, Luisa; Meaning, Jack - 2012
of non-conventional monetary policies has provided some evidence on the efficacy of liquidity and asset purchases for … balance sheet operations supply (remove) liquidity to a financial market that is otherwise short (long) of liquidity and hence … reserves ; monetar & fiscal policy instruments ; Basel III. …
Persistent link: https://www.econbiz.de/10009533594
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Monetary and Fiscal Complementarity in the Covid-19 Pandemic
Chadha, Jagjit; Corrado, Luisa; Meaning, Jack; Schuler, … - 2021
stabilised financial markets with emergency liquidity provided through a new open-ended long-term asset purchase programme. To …
Persistent link: https://www.econbiz.de/10013210564
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IS U.S. MONEY CAUSING CHINA'S OUTPUT?
Johansson, Anders C. - Stockholm China Economic Research Institute, … - 2009
This paper tries to answer the long-standing question of whether money causes output. Instead of focusing on domestic monetary policy and output, we analyze U.S. monetary policy and its possible effects on real output in China. Our results indicate that the main monetary instrument in the U.S.,...
Persistent link: https://www.econbiz.de/10004999560
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The Endogenous Money Hypothesis – Empirical Evidence from the United States (1959-2008)
Mueller, Paul - 2018
Standard economic textbooks portray the money supply as exogenous. Most of these use a money multiplier framework to demonstrate the causal role of the monetary base in determining commercial bank lending and overall economic activity. In contrast, endogenous money theories attribute the...
Persistent link: https://www.econbiz.de/10012938223
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Credit Monitoring in the USA and EU Countries
Kadish, Peter - 2010
In order to analyze current state of events in the world economy, parallel analysis with the country that has gone through boom cycle in real estate and financial asset prices (as US did during the last decade) and sudden consequential bust in mid 70s and late 80s (USA 2007), namely Japan, is...
Persistent link: https://www.econbiz.de/10014192772
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Is U.S. Money Causing China's Output?
Johansson, Anders C. - 2009
This paper tries to answer the long-standing question of whether money causes output. Instead of focusing on domestic monetary policy and output, we analyze U.S. monetary policy and its possible effects on real output in China. Our results indicate that the main monetary instrument in the U.S.,...
Persistent link: https://www.econbiz.de/10013159808
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The impact of monetary policy shocks on commodity prices
Anzuini, Alessio; Lombardi, Marco; Pagano, Patrizio - 2010
Global monetary conditions have often been cited as a driving factor of commodity prices. This paper investigates the empirical relationship between US monetary policy and commodity prices by means of a standard VAR system, commonly used in analysing the effects of monetary policy shocks. The...
Persistent link: https://www.econbiz.de/10003994006
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The changing macroeconomic response to stock market volatility shocks
Beetsma, Roel; Giuliodori, Massimo - 2011 - This version: 14 November 2011
There is substantial consensus in the literature that positive uncertainty shocks predict a slowdown of economic activity. However, using U.S. data since 1950 we show that the macroeconomic response pattern to stock market volatility shocks has changed substantially over time. The negative...
Persistent link: https://www.econbiz.de/10009380407
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Estimating the Effects of Political Pressure on the Fed : A Narrative Approach with New Data
Drechsel, Thomas - National Bureau of Economic Research - 2024
This paper combines new data and a narrative approach to identify shocks to political pressure on the Federal Reserve. From archival records, I build a data set of personal interactions between U.S. Presidents and Fed officials between 1933 and 2016. Since personal interactions do not...
Persistent link: https://www.econbiz.de/10014544739
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Dos aplicaciones de la teoría cuantitativa
Ávila, Jorge C. - 2019
El propósito del ensayo es sistematizar, en la tradición de Friedman y Schwartz (1963), el análisis de dos recientes coyunturas monetarias: la crisis de las hipotecas sub-prime (EEUU 2008-2011) y la corrida contra las Lebac (Argentina 2018-2019). Ambos casos son un buen ejemplo de la...
Persistent link: https://www.econbiz.de/10012063842