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The financial (in)stability real interest rate, r**
Akinci, Ozge; Benigno, Gianluca; Del Negro, Marco; … - 2020
We introduce the concept of a financial stability real interest rate using a macroeconomic banking model with an occasionally binding financing constraint, as in Gertler and Kiyotaki (2010). The financial stability interest rate, r**, is the threshold interest rate that triggers the constraint...
Persistent link: https://www.econbiz.de/10012309222
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Impact of Per Capita Income on Exchange Rate with Regression Tool
Khan, Muhammad Asim - 2010
In this article we test the relationship between per capita income differential and exchange rate differential between two different economic background countries. Recent researches have been done on the testing of international Fisher effect, Interest rate, GDP growth rate and purchasing power...
Persistent link: https://www.econbiz.de/10013136531
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On the Meaning of Internal Rates of Return and Why an Internal Rate of Return is Not an Investment Criterion
Osborne, Michael - 2011
internal rate of return cannot be an investment criterion. Moreover, a rate of return should not be considered in isolation; a …
Persistent link: https://www.econbiz.de/10013133342
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Stock-Bond Correlation and Out-of-Sample Portfolio Performance Using Analyst Forecasts
Jivraj, Farouk - 2017
In this paper I examine whether one can use analyst forecasts of macroeconomic variables to improve investors ex-ante allocation of wealth between stocks and bonds. Such forecasts provide a forward-looking approach which I find improves investor's information set for the myopic stock-bond...
Persistent link: https://www.econbiz.de/10012975364
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When is Sovereign Debt Odious? A Theory of Government Repression, Growth Traps, and Growth Boosts
Acharya, Viral V.; Rajan, Raghuram G.; Shim, Jack - 2022
We examine the dynamics of a country’s growth, consumption, and sovereign debt, assuming that the government is myopic … that saves little, the government may engage in more repressive policies to enhance its debt capacity. This could lead to a … 'growth trap' where household steady-state consumption is lower than if the government had no access to debt. We discuss the …
Persistent link: https://www.econbiz.de/10014078840
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Kausalität in den Wirtschaftswissenschaften: Welche Ursachen hat die Finanzkrise?
Bernholz, Peter - 2009
Die Frage nach der Kausalität fällt in die Methodologie. Methodologie ist in den Wirtschaftswissenschaften ein Bereich, der sowohl bei Ökonomen als auch bei Philosophen kaum Beachtung findet. Ökonomik hat sich ursprünglich als eine kausal erklärende Wissenschaft verstanden. Sie wollte für...
Persistent link: https://www.econbiz.de/10003874794
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The global crisis and the remedial actions : a nonmainstream perspective
Sen, Sunanda - 2011
context of the lost monetary and fiscal autonomy in both developing countries and the eurozone, especially with the debt …
Persistent link: https://www.econbiz.de/10009269425
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A Bitcoin standard : lessons from the gold standard
Weber, Warren E. - 2016
This paper imagines a world in which countries are on the Bitcoin standard, a monetary system in which all media of exchange are Bitcoin or are backed by it. The paper explores the similarities and differences between the Bitcoin standard and the gold standard and describes the media of exchange...
Persistent link: https://www.econbiz.de/10011446194
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The effects of monetary policy : a meta-analysis : presented at CESifo Area Conference on Macro, Money and International Finance, February 2004
De Grauwe, Paul; Costa, Cláudia - 2004
In this paper we perform a meta-analysis of the effects of monetary policies on output and prices. We use a sample of published papers on the effects of monetary policies in different countries. There is a large variation in the estimated effects of monetary policies on output and prices. We...
Persistent link: https://www.econbiz.de/10011449687
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Should cryptocurrencies be included in the portfolio of international reserves held by central banks?
Moore, Winston; Stephen, Jeremy - In: Cogent economics & finance 4 (2016) 1, pp. 1-12
In most countries, the central bank is required to hold reserve assets as a means of providing credibility for the value of the fiat currency. These assets can be in the form of gold, foreign exchange or some other internationally recognised reserve asset and are held to permit the country to...
Persistent link: https://www.econbiz.de/10011450546