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The US inflation-unemployment tradeoff : methodological issues and further evidence

Karanassou, Marika; Sala, Hector - 2009

This paper addresses the various methodological issues surrounding vector autoregressions, simultaneous equations, and chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that money growth is a superior indicator of the monetary...

Persistent link: https://www.econbiz.de/10003878210

Did inequality cause the U.S. financial crisis?

Treeck, Till van - 2012

Entstehung einer Kreditblase beigetragen, die schließlich geplatzt ist, und zu dem hohen Leistungsbilanzdefizit der USA. Der …

Persistent link: https://www.econbiz.de/10009616515

Quantifying the Effect of Financial Conditions in the Euro Area, Japan, United Kingdom and United States

Guichard, Stéphanie - 2009

This paper constructs a broad measure of financial conditions for the United States, Japan, the Euro Area and the United Kingdom, by extending monetary condition indices which are traditionally used to gauge the impact of monetary policy on the economy. In addition to changes in the exchange...

Persistent link: https://www.econbiz.de/10012445932

Estimating US Monetary Policy Shocks Using a Factor-Augmented Vector Autoregression : An EM Algorithm Approach

Bork, Lasse - 2009

Economy-wide effects of shocks to the US federal funds rate are estimated in a state space model with 120 US macroeconomic and financial time series driven by the dynamics of the federal funds rate and a few dynamic factors. This state space system is denoted a factor-augmented VAR (FAVAR) by...

Persistent link: https://www.econbiz.de/10012718723

Estimating US Monetary Policy Shocks Using a Factor-Augmented Vector Autoregression : An EM Algorithm Approach

Bork, Lasse - 2009

Persistent link: https://www.econbiz.de/10012718964

Low interest rates and executive risk-taking incentives : evidence from the United States

Castro, Paula; Tascon, Maria T.; Castaño, Francisco J.; … - In: Business research quarterly : BRQ 24 (2021) 4, pp. 324-354

This article contributes to the literature by indicating how certain monetary policies impact the compensation incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and managers and between shareholders and creditors, a...

Persistent link: https://www.econbiz.de/10012694415

Too Loose for Comfort - Is Current Monetary Policy Doing More Harm Than Good in the US and the UK?

Michaelson, John - 2019

Policymakers believe that ultra-low interest rates lead higher growth and employment rates. However, actual lending and investment, and therefore job creation, have been well below what was hoped for. Our finding is that ultra low rates hinder, rather than stimulate, economic activity,...

Persistent link: https://www.econbiz.de/10012860706

This Time is Different : Facebook’s Libra Can Improve Both Financial Inclusion and Global Financial Stability As a Viable Alternative Currency to the U.S. Dollar

Taskinsoy, John - 2019

the definition of central bank money and online payment systems. As with any new technology, Facebook's Libra as the new … bonds and central bank reserve assets; of course, this alone does not shield Libra from market fluctuations and exchange …,400 altcoins, Libra will be a liability of individuals and entities plus it will be backed by a central bank like authority (the …

Persistent link: https://www.econbiz.de/10012864964

A Monetary Analysis of the Liquidity Trap with an Application to the USA

Braz Pinto, João - 2020

Keynesian case against the classical one. The “lowflation” environment experienced in the USA and Europe again brought the LT to … the forefront. The quantitative easing monetary policy was introduced in Japan and better applied in the USA and EMU as a … transformation of the monetary base into money supply. To prove our thesis, we study the behavior of the USA money multiplier and the …

Persistent link: https://www.econbiz.de/10012840524

Diminishing American Power : The US - China Trade War, Sanctions, and Coronavirus

Taskinsoy, John - 2020

Today, the problem facing the United States is not whether cryptocurrencies are money or “thin air,” Iran's nuclear ambition, or COVID-19 induced recession; it is China's fast acceleration in becoming a game changer in the world order that the U.S. has dominated for more than a century....

Persistent link: https://www.econbiz.de/10012825152