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The Origins of the Modern Financial Revolution: Responses to Impediments from Church and State in Western Europe, 1200 - 1600

Munro, John H. - University of Toronto, Department of Economics - 2001

controversies that erupted, over not just the loans, but the sale of interest-bearing debt certificates in secondary markets. The …

Persistent link: https://www.econbiz.de/10005704834

Is the European sovereign crisis self-fulfilling? Empirical evidence about the drivers of market sentiments

Fouquau, Julien; Delatte, Anne-Laure; Bruneau, Catherine - Université Paris-Dauphine (Paris IX) - 2012

We assess the nature of the European sovereign crisis in the light of a model borrowed from the second generation of currency crises. We bring the theory to the data to empirically test the presence of self-fulfilling dynamics and to identify what may have driven the market sentiment during this...

Persistent link: https://www.econbiz.de/10011072502

Monetary policy, trends in real interest rates and depressed demand

Beaudry, Paul; Meh, Césaire Assah - 2021 - Last updated: August 16, 2021

long run. In particular, we show that if monetary policy reacts aggressively to inflation, this supports a steady state … where inflation is close to the central bank's target. However, the same aggressive policy simultaneously favours the … inflation are lower and monetary policy is constrained by the effective lower bound. We discuss how fiscal policy can be used to …

Persistent link: https://www.econbiz.de/10012546126

Bond market inflation expectations and longer-term trends in broad monetary growth and inflation in industrial countries, 1880-2001

Dewald, William G. - 2003

Persistent link: https://www.econbiz.de/10011604299

Climate Change and Natural Gas Dynamic Governance

Burleson, Elizabeth - 2013

Hydraulic fracturing has been a game changer for the energy field, bringing to mind the “nothing in excess” carving at Delphi. Whether heeding ancient oracles or cutting-edge principles of calibration, I argue that dynamic governance innovation can facilitate climate-energy-water balancing...

Persistent link: https://www.econbiz.de/10013086229

Cooperative Federalism and Hydraulic Fracturing

Burleson, Elizabeth - 2012

This article analyzes how cooperative federalism and inclusive decision-making can provide legitimacy and transparency when balancing property rights versus police powers to regulate natural gas production

Persistent link: https://www.econbiz.de/10014040732

From Coase to Collaborative Property Decision-Making : Green Economy Innovation

Burleson, Elizabeth - 2014

This Article considers the advantages and disadvantages of market-based program design, natural gas regulation, and …

Persistent link: https://www.econbiz.de/10014043092

The role of expectations in sudden stops

Mertens, Karel - 2007

This paper presents a flexible-price small open economy model with a peso problem in productivity states. Agents rationally adjust their beliefs about future productivity growth after the arrival of news. A downward revision of expectations triggers a Sudden Stop, together with large declines in...

Persistent link: https://www.econbiz.de/10010292050

Contingent reserves management: An applied framework

Caballero, Ricardo; Panageas, Stavros - 2005

One of the most serious problems that a central bank in an emerging market economy can face is the sudden reversal of capital inflows. Hoarding international reserves can be used to smooth the impact of such reversals, but these reserves are seldom sufficient and always expensive to hold. In...

Persistent link: https://www.econbiz.de/10010280879

The role of expectations in sudden stops

Mertens, Karel (contributor) - 2007

This paper presents a flexible-price small open economy model with a "peso problem" in productivity states. Agents rationally adjust their beliefs about future productivity growth after the arrival of news. A downward revision of expectations triggers a Sudden Stop, together with large declines...

Persistent link: https://www.econbiz.de/10003728236