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Is there any evidence of a Greenspan put?

Hall, Pamela - Schweizerische Nationalbank (SNB) - 2011

Central banks have won in credibility as from the mid-eighties by keeping inflation under control. However, confidence in low inflation might have encouraged agents to excessive risk-taking, leading asset prices to rise. Moreover, the belief in a Federal Reserve guarantee against a sharp market...

Persistent link: https://www.econbiz.de/10009023978

Euro-dollar creation: a mystery story

Machlup, Fritz - In: BNL Quarterly Review 23 (1970) 94, pp. 219-260

The article looks at the disparity of views among experts regarding the growth of the “Euro-dollar market”. Contradictory explanations have been offered by various authors on the sources and uses of these funds. On one side of the spectrum is the idea that Euro-dollar deposits are the result...

Persistent link: https://www.econbiz.de/10010660756

On the International Spillovers of US Quantitative Easing

Fratzscher, Marcel; Duca, Marco Lo; Straub, Roland - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

of Fed announcements, underlining the importance of the market repair and liquidity functions of Fed policies. Third, we …

Persistent link: https://www.econbiz.de/10010662984

Euro-dollar creation: a mystery story

Machlup, Fritz - In: BNL Quarterly Review 23 (1970) 94, pp. 219-260

Persistent link: https://www.econbiz.de/10010854320

Euro-dollar creation: a mystery story

Machlup, Fritz - In: Banca Nazionale del Lavoro Quarterly Review 23 (1970) 94, pp. 219-260

Persistent link: https://www.econbiz.de/10010752016

A global monetary tsunami? On the spillovers of US Quantitative Easing

Fratzscher, Marcel; Lo Duca, Marco; Straub, Roland - C.E.P.R. Discussion Papers - 2012

prices dwarfed those of Fed announcements, underlining the importance of the market repair and liquidity functions of Fed …

Persistent link: https://www.econbiz.de/10011083739

Causes and implications of the low level of the risk-free interest rate

Boeckx, J.; Cordemans, N.; Dossche, M. - In: Economic Review (2013) II, pp. 63-88

In most advanced economies, risk-free interest rates – i.e. the rates applicable to assets with minimal credit risk – have fallen to historically low levels over the recent period, in both nominal and real terms. These interest rates are particularly important because they serve as the basis...

Persistent link: https://www.econbiz.de/10011272855

Monetary policy in the United States and the euro area during the crisis

Cordemans, N.; Ide, S. - In: Economic Review (2012) I, pp. 39-63

liquidity surplus, defined as the sum of the recourse to the deposit facility and the current account holdings in excess of the … deposit facility is an automatic corollary to increased central bank liquidity provision because the relationship between the … placed on the deposit facility are not informative as to whether or not the liquidity is actually “being put to use”, for …

Persistent link: https://www.econbiz.de/10011272861

IS U.S. MONEY CAUSING CHINA'S OUTPUT?

Johansson, Anders C. - Stockholm China Economic Research Institute, … - 2009

This paper tries to answer the long-standing question of whether money causes output. Instead of focusing on domestic monetary policy and output, we analyze U.S. monetary policy and its possible effects on real output in China. Our results indicate that the main monetary instrument in the U.S.,...

Persistent link: https://www.econbiz.de/10004999560

The Performance of Trimmed Mean Measures of Underlying Inflation

Brischetto, Andrea; Richards, Anthony - Reserve Bank of Australia - 2006

This paper uses data for Australia, the United States, Japan and the euro area to examine the relative performance of the headline CPI, exclusion-based ‘cores’, and trimmed means as measures of underlying inflation. Overall, we find that trimmed means tend to outperform headline and...

Persistent link: https://www.econbiz.de/10005426687