Results 31 to 40 of about 45,847 (119)
Liquidity and welfare in a heterogeneous-agent economy [PDF]
This paper reconsiders the welfare costs of inflation and the welfare gains from financial intermediation in a heterogeneous-agent economy where money is held as a store of value (as in Bewley, 1980).
Yi Wen
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Liquidity effects in non Ricardian economies [PDF]
It has often been found difficult to generate a liquidity effect (i.e. a negative effect of monetary injections on the nominal interest rate) in the traditional "Ricardian" stochastic dynamic model with a single infinitely lived household.
Jean-Pascal Bénassy
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Government Policy, Credit Markets and Economic Activity [PDF]
The US government has recently conducted large scale purchases of assets and implemented policies that reduced the cost of funds to financial institutions.
Daisuke Ikeda, Lawrence Christiano
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Markets, Systemic Risk, and the Subprime Mortgage Crisis [PDF]
, 2008 The recent subprime mortgage meltdown is undermining financial market stability and has the potential to cause a true systemic breakdown, collapsing the world\u27s financial systems like a row of dominoes.
Schwarcz, Steven L.
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Financial market liquidity and the lender of last resort. [PDF]
In the summer 2007, difficulties in the US subprime mortgage markets have led to disruptive developments in many financial market segments, in particular in interbank money markets, where central banks in the US and in Europe repeatedly intervened to ...
Ewerhart, C., Valla, N.
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The Banking Bailout of the Subprime Crisis: Big Commitments and Small Effects? [PDF]
This paper examines government policies aimed at rescuing banks from the effects of the financial crisis of 2008-2009. Governments responded to the crisis by guaranteeing bank assets and liabilities and by injecting fresh capital into troubled ...
Francesco Marchionne, Michele Fratianni
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Rescuing Banks from the Effects of the Financial Crisis [PDF]
This paper examines government policies aimed at rescuing banks from the effects of the great financial crisis of 2007-2009. To delimit the scope of the analysis, we concentrate on the fiscal side of interventions and ignore, by design, the monetary ...
Francesco Marchionne, Michele Fratianni
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Optimal Stabilization Policy with Flexible Prices [PDF]
We construct a dynamic stochastic general equilibrium model to study optimal monetary stabilization policy. Prices are fully flexible and money is essential for trade.
Aleksander Berentsen, Christopher Waller
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Impacts of Ageing Population on Monetary and Exchange Rate Managements in Singapore [PDF]
This paper finds that the ageing of the population in Singapore will cause a reversal of the current net Central Provident Fund (CPF) contribution into a substantial net CPF withdrawal from 2025, with a peak occurring at 2035. The result is qualitatively
K. C. Tan, Paul S. L. Yip
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Money and Interest Rates with Endogeneously Segmented Markets [PDF]
This paper analyses the effects of open market operations on interest rates in a model in which agents must pay a fixed cost to exchange assets and cash.
Andrew Atkeson +2 more
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