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Does Bank Lending Affect Output? Evidence from the U.S. States

Driscoll, John C. - 2003

accommodated, leading to changes in lending if banks rely on deposits as a source of funding. Using these shocks as an instrumental …

Persistent link: https://www.econbiz.de/10014075822

Friedman's Monetary Economics in Practice

Nelson, Edward - 2011

economics. Five major aspects of the policy response are: 1) discount window lending has been provided broadly to the financial …

Persistent link: https://www.econbiz.de/10013124914

The effect of bank supervision on risk taking : evidence from a natural experiment

Kandrac, John; Schlusche, Bernd - 2017

In this paper, we exploit a natural experiment in which thrifts in several states witnessed an exogenous reduction in supervisory attention to assess the effect of supervision on financial institutions' willingness to take risk. We show that the affected institutions took on much more risk than...

Persistent link: https://www.econbiz.de/10011710132

Demand for M2 at the Zero Lower Bound : The Recent U.S. Experience

Judson, Ruth A. - 2014

In this paper, we re-examine the relationship between money and interest rates with a focus on the past few years, when the opportunity cost of M2 has dropped below zero. Until the late 1980s, a stable relationship between monetary aggregates and the opportunity cost of holding money -- measured...

Persistent link: https://www.econbiz.de/10013056165

Paper or Plastic? The Effect of Time on the Use of Check and Debit Cards at Grocery Stores

Klee, Elizabeth - 2006

Time is a significant cost of conducting transactions, and theoretical models predict that transactions costs significantly affect the type of media of exchange buyers use. However, there is little empirical work documenting the magnitude of this effect. This paper uses grocery store scanner...

Persistent link: https://www.econbiz.de/10012733740

The Choice at the Checkout : Quantifying Demand Across Payment Instruments

Borzekowski, Ron - 2018

Dramatic changes have occurred in the U.S. payment system over the past two decades, most notably an explosion in electronic card-based payments. Not surprisingly, this shift has been accompanied by a series of policy debates, all of which hinge critically on understanding consumer behavior at...

Persistent link: https://www.econbiz.de/10012706548

Consumers' Use of Debit Cards : Patterns, Preferences, and Price Response

Borzekowski, Ron - 2017

Debit card use at the point of sale has grown dramatically in recent years in the U.S., and now exceeds the number of credit card transactions. However, many questions remain regarding patterns of debit card use, consumer preferences when using debit, and how consumers might respond to explicit...

Persistent link: https://www.econbiz.de/10012706811

Measuring inflation anchoring and uncertainty : a US and Euro area comparison

Grishchenko, Olesya; Mouabbi, Sarah; Renne, Jean-Paul - 2017

We use several US and euro-area surveys of professional forecasters to estimate a dynamic factor model of inflation featuring time-varying uncertainty. We obtain survey-consistent distributions of future inflation at any horizon, both in the US and the euro area. Equipped with this model, we...

Persistent link: https://www.econbiz.de/10011803186

Reversing the Trend : The Recent Expansion of the Reverse Mortgage Market

Shan, Hui - 2010

Reverse mortgages allow elderly homeowners to tap into their housing wealth without having to sell or move out of their … more likely to purchase reverse mortgages when the local housing market is at its peak. This finding suggests that the 2000 …-05 housing market boom may be partially responsible for the rapid growth of reverse mortgage markets. Lastly, I show that the …

Persistent link: https://www.econbiz.de/10014202553

Nominal Mortgage Contracts and the Effects of Inflation on Portfolio Allocation

Nichols, Joseph B. - 2008

demonstrates how the share of total wealth held in housing is sensitive to the rate of inflation, even when perfectly anticipated …

Persistent link: https://www.econbiz.de/10014216526