Narrow search
Showing 1 - 4 of 4
Cover Image
Financialization in Commodity Markets
Chari, Varadarajan V. - 2017
an increase in the level and volatility of spot prices. We construct a large panel data set which includes commodities … positively correlated with open interest and not correlated with net financial flows. The facts on spot and futures prices and …
Persistent link: https://www.econbiz.de/10012948088
Cover Image
Two Reasons Why Money and Credit May Be Useful in Monetary Policy
Christiano, Lawrence J. - 2007
We describe two examples which illustrate in different ways how money and credit may be useful in the conduct of monetary policy. Our first example shows how monitoring money and credit can help anchor private sector expectations about inflation. Our second example shows that a monetary policy...
Persistent link: https://www.econbiz.de/10012775800
Cover Image
Monetary Policy and Stock Market Booms
Christiano, Lawrence J. - 2010
role for credit growth (beyond its role in constructing the inflation forecast) would reduce the volatility of output and … asset prices …
Persistent link: https://www.econbiz.de/10013137616
Cover Image
Expectation Traps and Discretion
Chari, Varadarajan V.; Christiano, Lawrence J.; … - 2021
-decreasing volatility in output and employment. We refer to the latter type of equilibria as expectation traps. In effect, our paper …
Persistent link: https://www.econbiz.de/10013215360