We introduce shocks to the availability of US dollar funding for non-US financial intermediaries in a two-country New Keynesian model with financial frictions. Such dollar shortages lead to uncovered interest rate parity deviations and have a significant negative effects on the macroeconomy....

This paper investigates how monetary expansion affects household consumption and savings through household debts. Using monetary policy cuts in China in the end of 2008 as an experiment, we find that the resulted increase in indebted households’ disposable income leads to increasing...

We build a tractable two-agent New Keynesian (TANK) model to jointly study four types of policy: conventional monetary policy, quantitative easing (QE), government expenditures, and lump-sum transfers. We find QE, transfers, and government spending can have the same effects on the aggregate...

Do sanctions strengthen the targeted regime? I analyze the 2014 imposition of Western sanctions on Russia and its impact on voting. The United States and the European Union introduced targeted measures against Russian entities and individuals related to President Putin’s regime. Using polling...

How important is a relationship with a bank to a firm’s performance and survival? If firms can easily switch among different sources of credit supply, then the loss of any one source may have little implication for the firms that have borrowed from that source. However, to the extent that...

Governments around the world have gone on a massive fiscal expansion in response to the Covid crisis, increasing government debt to levels not seen in 75 years. How will this debt be repaid? What role do conventional and unconventional monetary policy play? We investigate debt sustainability in...

General Tracks: - Additive Manufacturing - Digital and Cyber Manufacturing - Global Economy and Its Impact on Manufacturing Trend - Industrial Engineering and Operations Research - Manufacturing Systems and Supply Chains

The International Conference of Production Research, ICPR - Américas 2018, aims at exchanging experiences and encouraging collaborative work among researchers and practitioners from the Americas and the Caribbean region. The conference also seeks to plan and organize the activities of the...

The International Conference on Production Research (ICPR) encourages the communication among researchers in the fields of production development, production systems and processes.

The main theme of ICPR 22 is CHALLENGES FOR SUSTAINABLE OPERATIONS, from an interdisciplinary perspective. Topics: - ENTERPRISE ENGINEERING - OPERATIONS STRATEGY AND PERFORMANCE - PRODUCTION TECHNOLOGY - PRODUCTION SYSTEMS AND MANAGEMENT - SUPPLY CHAIN AND LOGISTICS - SERVICE ENGINEERING -...