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Translating a CBDC Dollar Into a Constitutional Dollar

Guzelian, Christopher P. - 2023

The constitutional Dollar was a silver coin. Federal and state paper moneys were unconstitutional, and gold and copper coins were not Dollars. Consequently, notable constitutional originalists claim any Dollar not constructed from silver – including the current widely circulating paper Federal...

Persistent link: https://www.econbiz.de/10014355712

Asset prices and macroeconomic outcomes: A survey

Claessens, Stijn; Kose, M. Ayhan - 2017

This paper surveys the literature on the linkages between asset prices and macroeconomic outcomes. It focuses on three major questions. First, what are the basic theoretical linkages between asset prices and macroeconomic outcomes? Second, what is the empirical evidence supporting these...

Persistent link: https://www.econbiz.de/10012060200

Macroeconomic implications of financial imperfections: A survey

Claessens, Stijn; Kose, M. Ayhan - 2017

changes in financial intermediaries' balance sheets for the supply of credit, liquidity and asset prices, and, consequently …

Persistent link: https://www.econbiz.de/10012060201

Semi-structural VAR and unobserved components models to estimate finance-neutral output gap

Kátay, Gábor; Kerdelhué, Lisa; Lequien, Matthieu - 2020

The paper assesses the impact of adding information on financial cycles on the output gap estimates for eight advanced economies using two unobserved components models: a reduced form extended Hodrick-Prescott filter, and a standard semi-structural unobserved components model. To complement...

Persistent link: https://www.econbiz.de/10012806440

Income inequality, financial crises, and monetary policy

Cairó, Isabel; Sim, Jae W. - 2018

pressure, and excessive credit growth by allocating income to agents featuring low marginal propensity to consume, and if …

Persistent link: https://www.econbiz.de/10011932429

Macroeconomic implications of financial imperfections : a survey

Claessens, Stijn; Kose, M. Ayhan - 2017

changes in financial intermediaries’ balance sheets for the supply of credit, liquidity and asset prices, and, consequently …

Persistent link: https://www.econbiz.de/10011778050

Asset prices and macroeconomic outcomes : a survey

Claessens, Stijn; Kose, M. Ayhan - 2017

Persistent link: https://www.econbiz.de/10011761064

Semi-structural VAR and unobserved components models to estimate finance-neutral output gap

Kátay, Gábor; Kerdelhué, Lisa; Lequien, Matthieu - 2020

Persistent link: https://www.econbiz.de/10012320331

The Effectiveness of Monetary Policy since the Onset of the Financial Crisis

Bouis, Romain; Rawdanowicz, Łukasz; Renne, Jean-Paul; … - Economics Department, Organisation de Coopération et … - 2013

policy interest rate cuts and unconventional policy measures to higher asset prices and lower cost of credit in and outside … willingness to supply credit. The paper also stresses that the monetary accommodation risks having unintended negative … conventionnelles de politique monétaire à des prix d’actifs plus élevés et un coût du crédit plus faible à l’intérieur et à l …

Persistent link: https://www.econbiz.de/10011276812

2010 ROMANIAN BANKING TRENDS

Dorina, Prof. Ph.D Poanta; Jenica, Prof. Ph.D Popescu; … - In: Revista Tinerilor Economisti (The Young Economists Journal) 1 (2010) 14S, pp. 33-38

The Romanian banking system is on the edge of becoming a mature one. The crisis could be the opportunity to make the final transformation. Even if the last year represented a decrease of its profitability, the chance to be closer to the Western banking systems is still on the horizon. The main...

Persistent link: https://www.econbiz.de/10008462787