Results 11 to 20 of about 74,773 (43)

Self-Fulfilling Debt Crises: A Quantitative Analysis

The American Economic Review, 2016
This paper investigates the role of self-fulfilling expectations in sovereign bond markets. We consider a model of sovereign borrowing featuring endogenous debt maturity, risk-averse lenders, and self-fulfilling crises à la Cole and Kehoe (2000). In this
Luigi Bocola, Alessandro Dovis
semanticscholar   +1 more source

Shorting the Dollar When Global Stock Markets Roar: The Equity Hedging Channel of Exchange Rate Determination

Social Science Research Network
This paper investigates the influence of global equity market value shocks on institutional investors’ (IIs’) hedging behavior and the resultant effects on exchange rates.
Nadav Ben Zeev, D. Nathan
semanticscholar   +1 more source

An Equilibrium Model of Global Imbalances and Low Interest Rates

, 2006
P. Gourinchas, Ricardo J. Caballero, E. Farhi   +2 more
semanticscholar   +1 more source

Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications

, 2012
Gabriel Jiménez, S. Ongena, J. Peydró, Jesús Saurina   +3 more
semanticscholar   +1 more source

Real Business Cycles in Emerging Countries?

, 2006
Javier Garcia Cicco, Roberto Pancrazi, Martin Uribe   +2 more
semanticscholar   +1 more source

Are Sticky Prices Costly? Evidence from the Stock Market

, 2013
Y. Gorodnichenko, Michael Weber
semanticscholar   +1 more source

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The Reversal Interest Rate

The American Economic Review, 2023
The reversal interest rate is the rate at which accommodative monetary policy reverses and becomes contractionary for lending. We theoretically demonstrate its existence in a macroeconomic model featuring imperfectly competitive banks that face financial
Joseph Abadi, Markus K. Brunnermeier, Yann Koby   +2 more
semanticscholar   +1 more source

An Alternative Explanation for the “Fed Information Effect”

The American Economic Review, 2023
Regressions of private-sector macroeconomic forecast revisions on monetary policy surprises often produce coefficients with signs opposite to standard macroeconomic models.
Michal Bauer, Eric T Swanson
semanticscholar   +1 more source

Corporate Climate Risk: Measurements and Responses

Social Science Research Network, 2020
This paper conducts a textual analysis of earnings call transcripts to quantify climate risk exposure at the firm level. We construct dictionaries that measure physical and transition climate risks separately and identify firms that proactively respond
Qing Li, Hongyu Shan, Yuehua Tang, Vincent Yao   +3 more
semanticscholar   +1 more source

A Theory of the Term Structure of Interest Rates under Limited Household Risk Sharing

Social Science Research Network, 2021
We present a theory in which the interaction between limited sharing of idiosyncratic labor income risk and labor adjustment costs (that endogenously arise through search frictions) determines interest rate dynamics.
Indrajit Mitra, Yu Xu
semanticscholar   +1 more source