Similar Search Results

Flight to what? : dissecting liquidity shortages in the financial crisis

Dong, Feng; Wen, Yi - 2017 - This version: August, 2017

We endogenize the liquidity and the quality of private assets in a tractable incomplete-market model with heterogeneous … agents. The model decomposes the convenience yield of government bond into a "liquidity premium" (flight to liquidity) and a … and bond premiums, the model reveals that a sharp reduction in the quality, instead of the liquidity, of private assets …

Persistent link: https://www.econbiz.de/10011780935

From convoy to parting ways? : post-crisis divergence between European and US macroeconomic policies

Pisani-Ferry, Jean; Posen, Adam Simon - 2011

The response in 2008-09 to the global financial crisis was in many ways a high water mark for transatlantic policy coordination. The major economies of the EU and the US rapidly agreed on a series of measures to limit the crisis. However, the common approach has since unraveled. This paper...

Persistent link: https://www.econbiz.de/10008907705

Money matters : broad divisia money and the recovery of U.S. nominal GDP from the COVID-19 recession

Bordo, Michael D.; Duca, John V. - 2023

Persistent link: https://www.econbiz.de/10014456226

Taxes, institutions and foreign diversification opportunities

Desai, Mihir A.; Dharmapala, Dhammika - 2008

Persistent link: https://www.econbiz.de/10003846902

The role of institutional quality on the effects of fiscal stimulus

Avellán, Leopoldo; Galindo Andrade, Arturo José; … - 2020

This paper provides evidence on the effect of fiscal stimulus on economic activity in countries with different degrees of institutional quality. The identification strategy makes use of data on military expenditure to instrument government consumption using local lineal projections as presented...

Persistent link: https://www.econbiz.de/10012238283

Debt portfolios

Hintermaier, Thomas; Koeniger, Winfried - 2009

We provide a model with endogenous portfolios of secured and unsecured household debt. Secured debt is collateralized by durables whereas unsecured debt can be discharged in bankruptcy procedures. We show that the model matches the main quantitative characteristics of observed wealth and debt...

Persistent link: https://www.econbiz.de/10003850601

Interest rate dynamics, variable-rate loan contracts, and the business cycle

Pintus, Patrick A.; Wen, Yi; Xing, Xiaochuan - 2015 - This version: November 4, 2015

Persistent link: https://www.econbiz.de/10011392276

Did the founding of the Federal Reserve affect the vulnerability of the interbank system to systemic risk?

Carlson, Mark; Wheelock, David C. - 2016 - Draft: July 18, 2016

Persistent link: https://www.econbiz.de/10011539785

The credit default swap market and the settlement of large defaults

Coudert, Virginie; Gex, Mathieu - 2010

Persistent link: https://www.econbiz.de/10008748212

Mortgage defaults

Hatchondo, Juan Carlos; Martinez, Leonardo; Sanchez, Juan M. - 2011

We incorporate house price risk and mortgages into a standard incomplete market (SIM) model. We calibrate the model to match U.S. data, and we show that the model also accounts for non-targeted features of the data such as the distribution of down payments, the life-cycle profile of home...

Persistent link: https://www.econbiz.de/10009298094

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