Showing 1 - 10 of 256
Persistent link: https://www.econbiz.de/10010723902
Persistent link: https://www.econbiz.de/10010723931
Several recent studies have recommended greater reliance on subordinated debt as a tool to discipline bank risk taking …. Some of these proposals recommend using subordinated debt yield spreads as additional triggers for supervisory discipline … subordinated debt spreads dominate the current capital measures used to trigger PCA and consideration should be given to using …
Persistent link: https://www.econbiz.de/10005726290
Persistent link: https://www.econbiz.de/10010723906
Persistent link: https://www.econbiz.de/10010724028
Persistent link: https://www.econbiz.de/10001466230
In this paper, we analyze the implications of price setting restrictions for the conduct of cyclical fiscal and monetary policy. We consider an environment with monopolistic competitive firms, a shopping time technology, prices set one period in advance, and government expenditures that must be...
Persistent link: https://www.econbiz.de/10005419923
We study the effect of different types of macroeconomic impulses on the nominal yield curve. We employ two distinct approaches to identifying economic shocks in VARs. Our first approach uses a structural VAR due to Galí (1992). Our second strategy identifies fundamental impulses from...
Persistent link: https://www.econbiz.de/10005419944
We study the effects of nominal debt on the optimal sequential choice of monetary and debt policy. When the stock of … debt is nominal, the incentive to generate unanticipated inflation increases the cost of the outstanding debt even if no … outstanding stock of debt progressively until these extra costs disappear. Nominal debt is therefore a burden on monetary policy …
Persistent link: https://www.econbiz.de/10005419963
Persistent link: https://www.econbiz.de/10001761447