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price inflation. A theoretical framework of asset pricing based on the ideas of Keynes and Minsky is developed, within which …
Persistent link: https://www.econbiz.de/10010711791
price inflation. A theoretical framework of asset pricing based on the ideas of Keynes and Minsky is developed, within which … suitable for the task of tackling asset price bubbles. …
Persistent link: https://www.econbiz.de/10011104981
price inflation. A theoretical framework of asset pricing based on the ideas of Keynes and Minsky is developed, within which … suitable for the task of tackling asset price bubbles. …
Persistent link: https://www.econbiz.de/10010309122
price inflation. A theoretical framework of asset pricing based on the ideas of Keynes and Minsky is developed, within which … suitable for the task of tackling asset price bubbles. -- Monetary Policy ; Banking Regulation ; Asset Prices ; Bubbles … ; Minsky ; Financial Instability Hypothesis ; Asset Based Reserve Requirements ; Capital Requirements ; Macroprudential …
Persistent link: https://www.econbiz.de/10009550219
We consider optimal monetary policy in a model that integrates credit frictions in the standard New Keynesian model with sticky prices and wages as well as adjustment costs of capital. Different from traditional models with credit frictions such as Carlstrom and Fuerst (1998), the model is able...
Persistent link: https://www.econbiz.de/10011451285
We consider optimal monetary policy in a model that integrates credit frictions in the standard New Keynesian model with sticky prices and wages as well as adjustment costs of capital. Different from traditional models with credit frictions such as Carlstrom and Fuerst (1998), the model is able...
Persistent link: https://www.econbiz.de/10011451472
Monetary policy shocks have a large impact on aggregate stock market returns in narrow event windows around press releases by the Federal Open Market Committee. We use spatial autoregressions to decompose the overall effect of monetary policy shocks into a direct (demand) effect and an indirect...
Persistent link: https://www.econbiz.de/10011657891
Monetary policy shocks have a large impact on stock prices during narrow time windows centered around press releases by the FOMC. We use spatial autoregressions to decompose the overall effect of monetary policy shocks into a direct effect and a network effect. We attribute 50 to 85 percent of...
Persistent link: https://www.econbiz.de/10011770624
The paper examines three aspects of a financial crisis of domestic origin. The first section studies the evolution of a debt-financed consumption boom supported by rising asset prices, leading to a credit crunch and fluctuations in the real economy, and, ultimately, to debt deflation. The next...
Persistent link: https://www.econbiz.de/10010286546
The paper examines three aspects of a financial crisis of domestic origin. The first section studies the evolution of a debt-financed consumption boom supported by rising asset prices, leading to a credit crunch and fluctuations in the real economy, and, ultimately, to debt deflation. The next...
Persistent link: https://www.econbiz.de/10003974885