Narrow search
Showing 1 - 10 of 23
Cover Image
A state-level analysis of the Great Moderation
Owyang, Michael T.; Piger, Jeremy M.; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2007
the origin of the aggregate volatility reduction. We show that states with relatively high concentrations in the durable-goods …
Persistent link: https://www.econbiz.de/10005360567
Cover Image
Near-rational exuberance
Bullard, James B.; Evans, George W.; Honkapohja, Seppo - Federal Reserve Bank of St. Louis - 2004
monetary policy framework. Inclusion of judgement in forecasts can lead to self-fulfilling fluctuations, but without the …
Persistent link: https://www.econbiz.de/10005707643
Cover Image
Are government spending multipliers greater during periods of slack? evidence from 20th century historical data
Owyang, Michael T.; Ramey, Valerie A.; Zubairy, Sarah - Federal Reserve Bank of St. Louis - 2013
A key question that has arisen during recent debates is whether government spending multipliers are larger during times when resources are idle. This paper seeks to shed light on this question by analyzing new quarterly historical data covering multiple large wars and depressions in the U.S. and...
Persistent link: https://www.econbiz.de/10011027317
Cover Image
Regional disparities in the transmission of monetary policy
Owyang, Michael T. (contributor);  … - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001979830
Cover Image
What explains the varying monetary response to technology shocks in G-7 countries?
Francis, Neville (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001987095
Cover Image
Modeling volcker as a non-absorbing state : agnostic identification of a markov-switching VAR
Owyang, Michael T. (contributor) - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001974169
Cover Image
Duration dependence in monetary policy : international evidence
Owyang, Michael T. (contributor);  … - 2002 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001974266
Cover Image
Monetary policy in a Markov-switching VECM : implications for the cost of disinflation and the price puzzle
Francis, Neville (contributor);  … - 2003 - [Elektronische Ressource], rev
Persistent link: https://www.econbiz.de/10001978121
Cover Image
Structural breaks and regional disparities in the transmission of monetary policy
Owyang, Michael T.; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2004
Using a regional VAR, we find large differences in the effects of monetary policy shocks across regions of the United States. We also find that the region-level effects of monetary policy differ a great deal between the pre-Volcker and Volcker-Greenspan periods in terms of their depth and...
Persistent link: https://www.econbiz.de/10005360583