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Dynamic Asset Allocation Based on Valuation and Momentum Applied to a Global All-Equity Portfolio

White, James - 2020

There has been considerable research into dynamic global tactical asset allocation (GTAA) strategies driven by simple measures of Valuation and Momentum applied to a baseline balanced portfolio of equities and fixed income (see Blitz and van Vliet 2008, Wang and Kochard 2011, Gnedenko and Yelnik...

Persistent link: https://www.econbiz.de/10012838940

The Revived Bretton Woods System, Liquidity Creation, and Asset Price Bubbles

Dellas, Harris - 2013

In this article, we argue that the present constellation of exchange rate arrangements among the major currencies has led to the creation of excessive global liquidity, which has contributed to asset price bubbles. Although the exchange rates of many of the major currencies — including the...

Persistent link: https://www.econbiz.de/10013083537

Would a Stricter Fed Policy and Financial Regulation Have Averted the Financial Crisis?

Gokhale, Jagadeesh - 2009

Many commentators have argued that if the Federal Reserve had followed a stricter monetary policy earlier this decade when the housing bubble was forming, and if Congress had not deregulated banking but had imposed tighter financial standards, the housing boom and bust - and the subsequent...

Persistent link: https://www.econbiz.de/10013155688

Rules Versus Discretion in Monetary Policy Historically Contemplated

Glasner, David - 2017

cost of production. Two classes of monetary rules can be identified: (1) price rules that target the value of money in … of money in circulation. Historically, price rules, e.g. the gold standard, have predominated, but the Bank Charter Act … a price rule until Henry Simons proposed a constant money supply consisting of government-issued fiat currency and …

Persistent link: https://www.econbiz.de/10014121191

Central Banks and Climate Change : Mission Impossible?

Cullen, Jay - 2022

There is growing presumption that central banks have a significant role to play in addressing environmental challenges, especially climate change. This article explains, on the basis of both theoretical and empirical evidence, that attempting to use existing central bank powers to tackle climate...

Persistent link: https://www.econbiz.de/10014076535

Social networks and the process of "globalization"

Duernecker, Georg; Vega-Redondo, Fernando - 2012

We propose a stylised dynamic model to understand the role of social networks in the phenomenon we call "globalization." This term refers to the process by which even agents who are geographically far apart come to interact, thus being able to overcome what would otherwise be a fast saturation...

Persistent link: https://www.econbiz.de/10011490085

Monetary policy committee transparency: Measurement, determinants, and economic effects

Hayo, Bernd; Mazhar, Ummad - 2011

This paper studies monetary policy committee transparency (MPCT) based on a new index that measures central bankers' educational and professional backgrounds as disclosed through central bank websites. Based on a novel cross-sectional data set covering 75 central banks, we investigate the...

Persistent link: https://www.econbiz.de/10010286350

Monetary policy committee transparency : measurement, determinants, and economic effects

Hayo, Bernd; Mazhar, Ummad - 2011 - This version: 28 September 2011

Persistent link: https://www.econbiz.de/10009305845

Optimal monetary policy with informational frictions

Angeletos, Marios; La’O, Jennifer - 2011

We study optimal monetary policy in an environment in which firms' pricing and production decisions are subject to informational frictions. Our framework accommodates multiple formalizations of these frictions, including dispersed private information, sticky information, and certain forms of...

Persistent link: https://www.econbiz.de/10009489131

Central Bank Transparency, Exchange Rates, and Demand Imbalances

Candian, Giacomo - 2020

Do the benefits of central bank transparency depend on the structure of financial markets? We address this question in a two-country model with dispersed information among price-setting firms. The volatility of the real exchange rate is non-monotonic in the precision of public communications....

Persistent link: https://www.econbiz.de/10012836140

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