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Looking back at actual U.S. macroeconomic policy during this period,
I see major swings in the balance between rules and discretion, first away
from discretion toward rules-based policies and then b...
武汉理工大学货币银行学英文课件Chapter11 The Central Bank Balance Sheet and the Money Supply Process
武汉理工大学 货币银行学 英文 课件 Chapter11 The Central Bank Balance Sheet and the Money Supply Process
2015/6/4
武汉理工大学货币银行学英文课件Chapter11 The Central Bank Balance Sheet and the Money Supply Process。
General Balance Functions in the Theory of Interest
balance function investment project internal rate of return
2012/9/14
We develop an axiomatic theory of balance functions (future value functions) in the theory of interest that is derived from financial considerations and which applies to general regulated payment stre...
Balance Sheet Adjustments during the 2008 Crisis
securitized assets mortgage-backed securities other asset-backed securities financial institutions
2011/10/3
This paper measures how securitized assets, including mortgage-backed securities and other asset-backed securities, have shifted across financial institutions during this crisis and how the availabili...
The Relation Between the Cyclically Adjusted Budget Balance and the Growth Accounting Method of Deriving Net Fiscal Effort
expansionary/contractionary fiscal policy cyclically adjusted budget balance
2009/7/17
This paper deals with the growth accounting method used to derive “net fiscal effort”. Net fiscal effort can then provide a clue about whether fiscal policy is expansionary or not, and, together with ...
HOW WILL CHINA’S SAVING-INVESTMENT BALANCE EVOLVE?
Investment saving financing demographics corporate governance China
2009/1/16
This paper investigates how China’s saving, investment, and the saving-investment balance will evolve in the decades ahead. Household saving in China is relatively high, compared to OECD countries. Ho...
Household Balance Sheets, Consumption, and the Economic Slump
Great Recession Aggregate Demand Consumption Household Leverage Household Debt Marginal Propensity to Consume, Deleveraging
2014/3/19
We investigate the consumption consequences of the 2006 to 2009 housing collapse using the highly unequal geographic distribution of wealth losses across the United States. We estimate a large elastic...