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The Optimal Quantity of Money Consistent with Positive Nominal Interest Rates [PDF]

The Friedman rule is strongly immune to most model modifications although it has not actually been observed. The Friedman rule implicitly assumes that a government is perfectly under the control of the representative household.
Harashima, Taiji
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Idiosyncratic asset return and wage risk of US households

Economic Inquiry, Volume 63, Issue 2, Page 636-657, April 2025.
Abstract This paper documents the degree of idiosyncratic asset return heterogeneity, serial correlation, and correlation with wage heterogeneity for US households. Novel panel‐data measurements for returns on household assets are proposed. Sizable transitory idiosyncratic return heterogeneity is documented to exist concurrently with permanent ...
Stephen Snudden
wiley   +1 more source

A Comparison of Two Alternative Monetary Approaches to Exchange Rate Determination over the Long-Run [PDF]

The aim of this paper is to compare the conventional monetary model of the exchange rate with an alternative model, which incorporates a stock price measure and is based on Friedman?s money demand function.
Bruce Morley
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A qualitative assessment of quantitative easing sentiment

Economic Inquiry, EarlyView.
Abstract This mixed‐method study undertakes a comprehensive inquiry of the public discourse on social media surrounding quantitative easing (QE) across the US, the UK, and the European Union. Utilizing a unique tweet dataset, we reveal the sentiment polarity toward QE policy to be strongly negative, at 71.27%, with positive sentiment a mere 4.25 ...
Niamh Wylie, Martha O’Hagan‐Luff
wiley   +1 more source

Inflationary expectations, money growth, and the vanishing liquidity effect of money on interest : a further investigation [PDF]

Market participants recognize two opposing effects of money supply growth on interest rates: a temporary liquidity effect and a permanent expectations effect.
Yash P. Mehra
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Helicopter drops in an open economy when markets are incomplete

Economic Inquiry, EarlyView.
Abstract We characterize the spillover effects of helicopter drops and optimal monetary policy in a tractable two‐country overlapping generations model with incomplete markets. As helicopter drops can affect the distribution of income across countries, they create room for redistribution policies which are particularly relevant when agents are ...
Sara Eugeni
wiley   +1 more source

Unequal hiring wages and their impact on the gender pay gap

Economic Inquiry, EarlyView.
Abstract Payroll data from Great Britain reveal that men are paid more than women upon entry into firms. Although this hiring wage gap has narrowed over the past two decades, it still accounts for over two‐thirds of the steady‐state gender pay gap—the wage gap that would eventually prevail under constant employment levels.
Tho Pham, Daniel Schaefer, Carl Singleton   +2 more
wiley   +1 more source

Does credit for equity investments feedback on stock market volatility? Evidence from an emerging stock market [PDF]

This paper investigates the causal relationships between volatility in Saudi stock market and banks credit for equity investments. Our finding indicate there is a bi-directional feedback effects between the stock price volatility and banks credit loans ...
Onour, Ibrahim
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A series of (un)fortunate events: Commercial bank interest rates and deposit reallocation during the Great Depression in the Netherlands

The Economic History Review, EarlyView.
Abstract During the global economic crisis of 1929–33, deposits in the Dutch commercial banking sector sharply declined as funds shifted to the government‐guaranteed Post Office Savings Bank and other savings institutions. Unlike earlier studies for neighbouring countries, we demonstrate that this shift was driven less by a flight to safety and more by
Ruben Peeters, Amaury de Vicq de Cumptich   +1 more
wiley   +1 more source

Negative nominal interest rates: History and current proposals [PDF]

Given the renewed interest in negative interest rates as a means for overcoming the zero bound on nominal interest rates, this article reviews the history of negative nominal interest rates and gives a brief survey over the current proposals that ...
Menner, Martin, Ilgmann, Cordelius
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