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The first twenty years of the European Central Bank : monetary policy

Hartmann, Philipp; Smets, Frank - 2018

On 1 June 2018 the ECB celebrated its 20th anniversary. This paper provides a comprehensive view of the ECB's monetary policy over these two decades. The first section provides a chronological account of the macroeconomic and monetary policy developments in the euro area since the adoption of...

Persistent link: https://www.econbiz.de/10011959260

Would a Stricter Fed Policy and Financial Regulation Have Averted the Financial Crisis?

Gokhale, Jagadeesh - 2009

standards, the housing boom and bust - and the subsequent financial crisis and recession - would have been averted. In this … bust, and that the many reform ideas currently proposed would have done little or nothing to avert the crisis … credit default swaps for investors is to blame for the financial crisis. We find little evidence for this. Housing data …

Persistent link: https://www.econbiz.de/10013155688

The impact of the Basel III liquidity coverage ratio on macroeconomic stability : an agent-based approach

Li, Boyao - 2017

international response to the 2007–2008 financial crisis. Particularly, the liquidity coverage ratio (LCR) introduced by the Basel … III accord is the first global standard for banking liquidity management. Does this requirement work? And what …

Persistent link: https://www.econbiz.de/10011587669

Investors Can Temper Their Inflation Fears : Post-COVID Inflation is Unlikely to Resemble the Great Inflation of 1968 to 1982

Higgins, Mark - 2021

On August 11, 2021, the U.S. Bureau of Labor Statistics reported a 5.4% per year increase in the CPI for the third consecutive month, intensifying the ongoing debate about whether high inflation will prove temporary or more lasting. This paper seeks to inform this debate by evaluating the...

Persistent link: https://www.econbiz.de/10013215264

The Role of Bank of England Note Issues Amongst the Causes of the Panic of 1825

Pickering, George - 2018

Despite the fact that the Panic of 1825 was arguably Britain's most severe economic crisis of the first half of the …

Persistent link: https://www.econbiz.de/10012915412

Assessing the Impacts of British Monetary Policy in the Advent of the Panic of 1825. (BSc Dissertation, London School of Economics, 2018)

Pickering, George - 2021

This dissertation will analyse the degree to which Bank of England note issues influenced the extent of credit expansion by the British banking system during the 1819-26 business cycle. The evidence presented, both theoretical and empirical, tends to suggest that such an influence did indeed...

Persistent link: https://www.econbiz.de/10013221630

Betting the House

Jordà, Òscar - 2015

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...

Persistent link: https://www.econbiz.de/10013031150

A Theory of Credit Cycles under Pandemic

Dong, Feng; Wang, Pengfei; Xu, Zhiwei - 2021

trigger a credit crisis, followed by a discontinuous sharp fall in aggregate output. By extending to a dynamic general …

Persistent link: https://www.econbiz.de/10013220882

Liquidity, Inflation and Asset Prices in a Time-Varying Framework for the Euro Area

Baumeister, Christiane - 2010

In this paper, we investigate how the dynamic effects of excess liquidity shocks on economic activity, asset prices and inflation differ over time. We show that the impact varies considerably over time, depends on the source of increased liquidity (M1, M3-M1 or credit) and the underlying state...

Persistent link: https://www.econbiz.de/10013137632

Verdict on the Crash : Causes and Policy Implications

Booth, Philip - 2009

This monograph challenges the myth that the recent banking crisis was caused by insufficient statutory regulation of …

Persistent link: https://www.econbiz.de/10013156184