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Monetary Policy and Sectoral Shocks : Did the FED react properly to the High-Tech Crisis?

Raddatz, Claudio - 2003

This paper presents an identification strategy that allows us to study both the sectoral effects of monetary policy and the role that monetary policy plays in the transmission of sectoral shocks. We apply our methodology to the case of the U.S. and find some significant differences in the...

Persistent link: https://www.econbiz.de/10012468863

Monetary Policy and Sectoral Shocks : Did the Fed React Properly to the High-Tech Crisis?

Raddatz, Claudio E.; Rigobon, Roberto - 2021

Persistent link: https://www.econbiz.de/10013227732

신용공급 충격이 재화별 소비에 미치는 영향 (The Effects of Credit Supply Shocks on Durable and Nondurable Consumption)

Kim, Kwanghwan - 2017

transmission of credit supply shock in a two-sector New Keynesian model with a collateral constraints. In the vector autoregression … (VAR) analysis, durable goods and nondurable goods comove in response to a credit supply shock. However, in a two … increase in response to a negative credit supply shock(LTV ratio tightening). Therefore, the comovement problem in two …

Persistent link: https://www.econbiz.de/10012961439

U.S. Regional Growth and Convergence, 1880-1980

McLean, Ian W.; Mitchener, Kris J. - School of Economics, University of Adelaide - 1998

The historical analysis of US regional growth is improved by augmenting existing estimates of state personal income per capita, extending previous studies of convergence across states, and more broadly, offering an improved basis for interpreting other issues in regional development such as the...

Persistent link: https://www.econbiz.de/10008552893

The Market Structure of Securitisation and the US Housing Bubble

Wachter, Susan M. - 2015

the global financial crisis. Excessive debt expansion in the run-up to the crisis resulted in credit risk, under …

Persistent link: https://www.econbiz.de/10013032217

The speculation bubble on the real estate market in the USA in view of selected overinvestment theories

Bochenek, Paweł - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 1, pp. 73-87

This paper offers a specific analysis of speculation bubbles in the economic history of the world, and then tries to … identify the causes and effects of the speculation bubble on the real estate market in the USA, which was the main cause of the … taking place on the real estate market in the USA in the past fifteen years. The final section of the paper is a synthesis of …

Persistent link: https://www.econbiz.de/10009510785

Resolving the US Financial Crisis : Politics Dominates Economics in the New Political Economy

Kregel, Jan A. - 2011

Most economists expected that the “Great Recession” produced by the financial meltdown of 2008 would usher in a resurgence of traditional Keynesian economics and a decline of what has come to be called “market fundamentalism." By contrast, also due to the inadequate size of the 2009...

Persistent link: https://www.econbiz.de/10013125344

Recent Trends in the Real Estate Market and its Analysis, 2013, Volume 2

Augustyniak, Hanna - 2016

Real estate markets, including residential markets, are subject to cycles and are determined by local factors. This dependence is the result of local interactions of a variable demand and rigid short-term supply, which results from the relation between the real sector of the economy (real estate...

Persistent link: https://www.econbiz.de/10013003926

Recent Trends in the Real Estate Market and its Analysis, 2013, Volume 1

Augustyniak, Hanna - 2016

Persistent link: https://www.econbiz.de/10013003927

Global Housing Cycles

Igan, Deniz - 2015

driven by income and demographics but fluctuations in these fundamentals and credit conditions can create deviations from the …

Persistent link: https://www.econbiz.de/10013036333