We conduct a follow-up to Chen et al. (2020) and study demand for and use of cash after the containment measures imposed at the beginning of the COVID-19 pandemic were relaxed during the summer of 2020. We find that bank notes in circulation continued to rise in July due to ongoing cash...

This paper presents Bank of Canada staff's current assessment of the US neutral rate, along with a newly developed set of models on which that assessment is based. The overall assessment is that the US neutral rate currently lies in a range of 1.75 to 2.75 percent. This represents a decline of...

This paper proposes a method for estimating the joint distribution of two or more variables when only their marginal distributions and the distribution of their aggregates are observed. Nonparametric identification is achieved by modelling dependence using a latent commonfactor structure....

During and after the Great Recession of 2008-09, conventional monetary policy in the United States and many other advanced economies was constrained by the effective lower bound (ELB) on nominal interest rates. Several central banks implemented large-scale asset purchase (LSAP) programs, more...

This paper will review the development process of China\\\'s government bond market, analyze the current situation and problems as well as the status of economic reform in China and for And make policy recommendations on the development of the government bond market in China from a strategic...

From the perspective of the subprime mortgage crisis and the European debt crisis expounded the importance of a developed government bond market to cushion the financial crisis, And comparative analysis of the United States, the United Kingdom, Japan, Germany, the euro zone and offshore...

We estimate capacity output and cycles relative to it in India’s non-agricultural sector from 1951 to 2008, defining capacity as the level of output beyond which demand leads to a rise in prices. We postulate a delayed response of the price level of non-agricultural goods and services after...

This study contributes to the stock returns-inflation relation literature in developing countries by revisiting the issue with reference to the emerging economy, India. More specifically, it tests whether the Indian stock market provides an effective hedge against inflation using monthly data on...

The paper is aimed at stating if economic crisis observed during the period 2007-2009 will give rise to greater or reduced economic freedom. Seeking the answer to this question, Economic Freedom Index developed by Fraser Institute during the period 2007-2010 was subject to analysis. The research...

El papel de las universidades es proveer al aparato productivo de capital humano calificado para el desempeño de las actividades económicas, sin embargo, desde el punto de vista del perfil de formación profesional, no necesariamente los profesionistas se desempeñan en actividades para las...