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Heterogeneity, Redistribution, and the FriedmanRule

Bhattacharya, Joydeep; Haslag, Joseph H.; Martin, Antoine - Iowa State University of Science and Technology <Ames, … - 2004

We study several popular monetary models which generate a non-degenerate stationary distribution of money holdings …

Persistent link: https://www.econbiz.de/10009360925

Monetary Policy Transmission to Residential Investment

MacCarthy, Jonathan; Peach, Richard W. - Federal Reserve Bank <New York, NY>

[...]In the first half of the paper, we review the significantchanges in the housing finance system over the past thirty yearsand discuss the implications of these changes for the cost andavailability of mortgage credit. In the second half, we present atwo-part econometric analysis of the...

Persistent link: https://www.econbiz.de/10005869381

Credit Effects in the Monetary Mechanism

Lown, Cara S.; Morgan, Donald P. - Federal Reserve Bank <New York, NY> - 2002

[...]This paper looks for evidence of both types of crediteffects—those that are endogenous to the monetarymechanism and those that are exogenous—using informationon banks’ commercial credit standards as a proxy for bankcredit availability. We compare results from an...

Persistent link: https://www.econbiz.de/10005869388

UNLOCKING PRODUCTIVE ENTREPRENEURSHIP INAFRICA’S LEAST DEVELOPEDCOUNTRIES

Brixiová, Zuzana - William Davidson Institute <Ann Arbor, Mich.> - 2010

economies depends critically on structural transformation and theemergence of productive entrepreneurship that would accelerate …) constraints and develops a theoreticalframework that examines the main obstacles to entrepreneurship in Africa’s LDCs. The … economies, development of productive entrepreneurship cannot be left tomarkets alone. The policy analysis suggests that the …

Persistent link: https://www.econbiz.de/10009360486

The Geography and Determinantsof Entrepreneurship

Tamvada, Jagannadha Pawan - Max-Planck-Institut für Ökonomik <Jena> - 2008

Entrepreneurship literature (Parker 2004) has rarely considered spatial locationas a micro-determinant of occupational …

Persistent link: https://www.econbiz.de/10005864501

The Growth and Decline of Small firmsIn Developing Countries

Coad, Alexander; Tamvada, Jagannadha Pawan - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

Empirical work on micro and small firms has focused on developed countries.The little work that exists on developing countries is all too often based on smallsamples taken from ad hoc questionnaires. The census data we analyze are fairlyrepresentative of the structure of small business in India....

Persistent link: https://www.econbiz.de/10005867795

Fiskalpolitischer Aktivismus auf internationaler Ebene - kostspielig und ineffizient

Hirszowicz, Christine - Institut für Schweizerisches Bankwesen <Zürich> - 2001

ergeben sich aus dem Wirtschaftswachstum und manifestieren sich in der erweiterten Fiskalbasis... …

Persistent link: https://www.econbiz.de/10005857006

Optimal Monetary Policy and Economic Growth

Bhattacharya, Joydeep; Haslag, Joseph H.; Martin, Antoine - Iowa State University of Science and Technology <Ames, … - 2006

This paper studies a overlapping generations economy with capital where limitedcommunication and stochastic relocation create an endogenous transactions role forat money. We assume a production function with a knowledge-externality (Romer-style) that nests economies with endogenous growth (AK...

Persistent link: https://www.econbiz.de/10009360881

Is There an Inflation Puzzle?

Lown, Cara S.; Rich, Robert W. - Federal Reserve Bank <New York, NY>; London School of … - 1997

[...]This article explores the inflation puzzle andinvestigates whether compensation has acted as either atemporary restraint on inflation or as the underlying sourceof a new inflation regime.2 After reviewing the recent behavior of inflation, we specify and estimate a traditionalprice-inflation...

Persistent link: https://www.econbiz.de/10005870223