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The natural rate of interest in emerging Asia : long-term trends and the impact of crises

Tanaka, Kensuke; Ibrahim, Prasiwi; Brekelmans, Sybrand - 2021

This paper studies the evolution of the natural interest rate in five Southeast Asian countries and considers the effect of economic shocks on the natural interest rate in these countries. The natural interest rate is the interest rate that would prevail in an economy in equilibrium and in the...

Persistent link: https://www.econbiz.de/10012545924

Ages of financial instability

Tonveronachi, Mario - 2020

Starting from the mid-nineteenth century, this paper analyzes two periods of financial instability connected with financial globalization. The first culminates with the 1929 crisis, while the second characterizes the more recent experience starting from the 1970s. The period in between is...

Persistent link: https://www.econbiz.de/10012165419

The Macroprudential Implications of the Qualified Mortgage Debate

McCoy, Patricia A. - 2020

In January 2021, the Consumer Financial Protection Bureau will face a decision: to renew its special definition for Qualified Mortgages (QMs) made by Fannie Mae and Freddie Mac, abolish that definition, or adopt some other approach to Qualified Mortgages. Concerns about access to credit have...

Persistent link: https://www.econbiz.de/10012847759

Macro-Financial Stability in the COVID-19 Crisis : Some Reflections

Adrian, Tobias; Natalucci, Fabio; Qureshi, Mahvash Saeed - 2023

The global financial system has shown remarkable resilience during the COVID-19 pandemic, despite a sharp decline in economic activity and the initial financial market upheaval in March 2020. This paper takes stock of the factors that contributed to this resilience, focusing on the role of...

Persistent link: https://www.econbiz.de/10014258592

Saving social security

Lane, Edward - 2024

implications for inflation. …

Persistent link: https://www.econbiz.de/10014480253

Social Security's Five OASI Inflation Indexing Problems

Lovell, Michael C. - 2008

This paper examines five problems with the inflation indexing procedures used by the Social Security Administration of … the United States in taking inflation into account when calculating Old Age and Survivors Insurance (OASI) Benefits … indexing. As a result of Problems #2 and #4 your OASI check will be larger if wage inflation happens to be extra high in your …

Persistent link: https://www.econbiz.de/10010298570

Inflation and the rich after the global financial crisis

Jovanovic, Branimir - 2014

This paper investigated the link between inflation and the top decile income share after the global financial crisis …. The analysis was done on a sample of 42 countries. We found that higher inflation has reduced the income going to the top … decile. The main explanation is that inflation has eroded their labour income, differently from the low-income individuals …

Persistent link: https://www.econbiz.de/10010374488

The life and work of Martin Stuart ("Marty") Feldstein

Horioka, Charles Yuji - 2014

Martin Stuart ("Marty") Feldstein, currently George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, Inc. (NBER), is a renowned American economist who has made important contributions to public finance, macroeconomics,...

Persistent link: https://www.econbiz.de/10011421488

Saving social security

Lane, Edward - 2024

implications for inflation. …

Persistent link: https://www.econbiz.de/10014581826

The life and work of Martin Stuart ("Marty") Feldstein

Horioka, Charles - 2014

Persistent link: https://www.econbiz.de/10010381488