Results 151 to 160 of about 1,031,034 (256)
Interest Rate Pegs and the Reversal Puzzle: On the Role of Anticipation
Journal of Money, Credit and Banking, EarlyView.Abstract We revisit the reversal puzzle: a counterintuitive contraction of inflation in response to an interest rate peg. We show that its occurrence is intimately related to the degree of agents' anticipation. If agents perfectly anticipate the peg, reversals occur depending on the duration of the peg.
RAFAEL GERKE +2 more
wiley +1 more source
Heterogeneity in Imperfect Inflation Expectations: Theory and Evidence from a Novel Survey
Journal of Money, Credit and Banking, EarlyView.Abstract Using survey data from Germany, we study heterogeneity in how households form inflation expectations. We elicit (i) uncertainty in perceptions of current inflation and (ii) how persistent households perceive inflation to be. Combining these with standard survey questions on inflation, we infer laws of motion for expectations at the individual ...
ALISTAIR MACAULAY, JAMES MOBERLY
wiley +1 more source
CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective
Journal of Money, Credit and Banking, EarlyView.Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley +1 more source
Taylor Rule Deviations Across Horizons: A Practical Tool for Monetary Policy
Journal of Money, Credit and Banking, EarlyView.Abstract We propose “Taylor rule yields” across horizons for the United States. Applying the standard Taylor rule to expected paths of inflation and the output gap, we construct a sequence of short‐term rates under neutral monetary policy stances, whose average defines the Taylor rule yield at each horizon.
MASAZUMI HATTORI +2 more
wiley +1 more source
Journal of Anatomy, EarlyView.A three‐dimensional biomechanical model of the musculoskeletal system is used to analyse the potential locomotor functions of the small (~1 kg) Late Triassic archosaurian reptile Gracilisuchus stipanicicorum. The study finds that, potentially like the ancestral archosaur, this taxon was probably quadrupedal, plantigrade and neither strongly sprawling ...
Agustina Lecuona +3 more
wiley +1 more source
Racialized Labour in the Colonial Food Regime: The Whitening of England's Farmworkers
Journal of Agrarian Change, EarlyView.ABSTRACT The crystallization of a colonial food regime in the 1870s centred around Britain is key to historical accounts of agrarian political economy. Yet such accounts have neglected the role of the agrarian proletariat in shaping this regime from below and its basis in racialized hierarchy.
Ben Richardson
wiley +1 more source
Monetary Policy, Inflation, and Crises: Evidence from History and Administrative Data
The Journal of Finance, EarlyView.ABSTRACT We show that a U‐shaped monetary rate path increases banking crisis risk, via credit and asset price cycles, analyzing 17 countries over 150 years. Rate hikes (raw or instrumented) increase crisis risk, but only if preceded by prolonged cuts. These patterns are unique to banking crises, unlike noncrisis recessions.
GABRIEL JIMÉNEZ +3 more
wiley +1 more source
Sociology Lens, EarlyView.ABSTRACT In this paper, I contend that classical Black sociologists—who received their doctorates in the late 19th century–mid 20th century—showed early signs of what is now termed as global historical sociology (GHS). Scholars such as W.E.B Du Bois, Franklin Frazier, Charles S Johnson, Allison Davis, and St Clair Drake formed a tradition of historical
Ali Meghji
wiley +1 more source