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Public Debt, Inequality and Power. The Making of a Modern Debt State

Hager, Sandy Brian - 2016

Who are the dominant owners of US public debt? Is it widely held, or concentrated in the hands of a few? Does ownership of public debt give these bondholders power over our government? What do we make of the fact that foreign-owned debt has ballooned to nearly 50 percent today? Until now, we...

Persistent link: https://www.econbiz.de/10011646691

Public Debt, Ownership and Power: The Political Economy of Distribution and Redistribution

Hager, Sandy Brian - 2013

those who receive interest payments on government bonds are distinct from those who pay the taxes that finance the interest … effects. Some claim that the public debt is heavily concentrated and that interest payments on government bonds redistribute … interest has become rapidly concentrated in the hands of dominant owners, the top 1% of households and the 2,500 largest …

Persistent link: https://www.econbiz.de/10011646706

From Olson to Veblen: The Stagflationary Rise of Distributional Coalitions

Nitzan, Jonathan - 1992

This essay deals with the relationship between stagflation and the process of restructuring. The literature dealing with the interaction of stagnation and inflation is invariably based on some explicit or implicit assumptions about economic structure, but there are very few writings which...

Persistent link: https://www.econbiz.de/10011647601

Pay cash or buy on time?

Wang, Guan Jun - In: International journal of economics and finance 9 (2017) 5, pp. 156-158

Persistent link: https://www.econbiz.de/10011674577

Measuring External Risks for Peru: Insights from a Macroeconomic Model for a Small Open and Partially Dollarized Economy

Han, Fei - International Monetary Fund (IMF) - 2014

This paper quantifies the effects of external risks for Peru, with particular attention to two major external risks, Chinaâ€™s investment slowdown and the U.S. monetary policy tightening. In particular, a macroeconomic model for a small open and partially dollarized economy is developed and...

Persistent link: https://www.econbiz.de/10011142105

News and Monetary Shocks at a High Frequency: A Simple Approach

Matheson, Troy; Stavrev, Emil - International Monetary Fund (IMF) - 2014

We develop a simple approach to identify economic news and monetary shocks at a high frequency. The approach is used to examine financial market developments in the United States following the Federal Reserveâ€™s May 22, 2013 taper talk suggesting that it would begin winding down its...

Persistent link: https://www.econbiz.de/10011142128

The Effects of Unconventional Monetary Policies on Bank Soundness

Lambert, Frederic; Ueda, Kenichi - International Monetary Fund (IMF) - 2014

Unconventional monetary policy is often assumed to benefit banks. However, we find little supporting evidence. Rather, we find some evidence for heightened medium-term risks. First, in an event study using a novel instrument for monetary policy surprises, we do not detect clear effects of...

Persistent link: https://www.econbiz.de/10011142163

Financial Plumbing and Monetary Policy

Singh, Manmohan - International Monetary Fund (IMF) - 2014

This paper focuses on how changes in financial plumbing of the markets may impact the monetary policy options as central banks contemplate lift off from zero lower bound (ZLB). Under the proposed regulations, banks will face leverage ratio constraints. As a result of quantitative easing (QE),...

Persistent link: https://www.econbiz.de/10011123867

Monetary policy : effects of the decrease of the interest rates of the Federal Reserve in dollarized economies (USA, Ecuador, El Salvador and Panama)

León, Marcelo; Barroso, María de la O - In: Revista de economía mundial : REM ; revista de la … 61 (2022), pp. 137-157

Persistent link: https://www.econbiz.de/10013488655

Real-time inequalities and policies during the pandemic in the US

Corrado, Luisa; Fantozzi, Daniela; Giglioli, Simona - 2022

Persistent link: https://www.econbiz.de/10013554908