Chapter Eighteen
... The FDIC, SAIF, BIF, NCUA • Federal Deposit Insurance Corporation (FDIC) – As a result of the Depression, to restore public confidence in the banking industry, the FDIC was created to insure deposits against bank failures • FDIC reorganized into the Banking Insurance Fund (BIF) and Savings Associat ...
... The FDIC, SAIF, BIF, NCUA • Federal Deposit Insurance Corporation (FDIC) – As a result of the Depression, to restore public confidence in the banking industry, the FDIC was created to insure deposits against bank failures • FDIC reorganized into the Banking Insurance Fund (BIF) and Savings Associat ...
The last generation of research into macroeconomic policy has
... basis for Cukierman, Miller, and Neyapti’s (2002) coding for the transition economies as well as the Latin American and Caribbean analysis by Carstens and Jácome (2005) and Jácome and Vázquez's (2008). 6 This approach is not without its critics, however, with Banaian, Burdekin and Willett (1998) and ...
... basis for Cukierman, Miller, and Neyapti’s (2002) coding for the transition economies as well as the Latin American and Caribbean analysis by Carstens and Jácome (2005) and Jácome and Vázquez's (2008). 6 This approach is not without its critics, however, with Banaian, Burdekin and Willett (1998) and ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... Shih (1990), Chiu and Hou (1993), and Wu and Shea (1993), emphasize that prosperous stock and real estate transactions in this period created a great deal of transactional demand for money.3Although there are no official data on the value of real estate transactions, table 8.2 shows that the total t ...
... Shih (1990), Chiu and Hou (1993), and Wu and Shea (1993), emphasize that prosperous stock and real estate transactions in this period created a great deal of transactional demand for money.3Although there are no official data on the value of real estate transactions, table 8.2 shows that the total t ...
Working Paper No. 59 James R. Lothian Anthony Cassese 1050
... First let us consider the question of price arbitrage. Here the empirical evidence to date is inconsistent with convergence of overall rates of inflation within a quarter and perhaps even within the period of several years.5 One reason may be the existence of sizeable non—tradeable goods sectors. In ...
... First let us consider the question of price arbitrage. Here the empirical evidence to date is inconsistent with convergence of overall rates of inflation within a quarter and perhaps even within the period of several years.5 One reason may be the existence of sizeable non—tradeable goods sectors. In ...
NBER WORKING PAPER SERIES LIQUIDITY TRAPS: AN INTEREST-RATE-BASED EXIT STRATEGY Stephanie Schmitt-Grohé
... assets. The strongest version of this argument is known as Friedman’s rule, and calls for targeting a long-run level of deflation equal to the long-run level of the real interest rate. On the other hand, in a world in which downward nominal rigidities, particularly in wages, are pervasive, deflation ...
... assets. The strongest version of this argument is known as Friedman’s rule, and calls for targeting a long-run level of deflation equal to the long-run level of the real interest rate. On the other hand, in a world in which downward nominal rigidities, particularly in wages, are pervasive, deflation ...
Dollar Adjustment - Peterson Institute for International Economics
... promptly. One was the presence of considerable slack in the US economy, which meant that the dollar could decline without much (if any) adverse impact on US inflation and interest rates. The other was the superiority of US economic performance relative to other industrial countries, which reduced th ...
... promptly. One was the presence of considerable slack in the US economy, which meant that the dollar could decline without much (if any) adverse impact on US inflation and interest rates. The other was the superiority of US economic performance relative to other industrial countries, which reduced th ...
chapter 9
... can, through sterilization, maintain a level of money supply that is too high to achieve an external balance. In the absence of sterilization, a balance of payments deficit that arises from a monetary disequilibrium will eventually always be self-correcting. However, this can be a very painful proce ...
... can, through sterilization, maintain a level of money supply that is too high to achieve an external balance. In the absence of sterilization, a balance of payments deficit that arises from a monetary disequilibrium will eventually always be self-correcting. However, this can be a very painful proce ...
Ch 2: C 1-8
... 2.a. If the firm buys a car for an executive's use, the purchase counts as investment (I). However, if the firm pays the executive a higher salary and she then buys a car, the purchase of her car is counted as consumption (C). In either case, GDP will increase. 2.b. The services that a homemaker pro ...
... 2.a. If the firm buys a car for an executive's use, the purchase counts as investment (I). However, if the firm pays the executive a higher salary and she then buys a car, the purchase of her car is counted as consumption (C). In either case, GDP will increase. 2.b. The services that a homemaker pro ...
Effects of Monetary and Fiscal Policy Power Point
... services demanded. When the Fed increases the money supply, it lowers the interest rate and increases the quantity of goods and services demanded at any given price level, shifting aggregate-demand to the right. • When the Fed contracts the money supply, it raises the interest rate and reduces the q ...
... services demanded. When the Fed increases the money supply, it lowers the interest rate and increases the quantity of goods and services demanded at any given price level, shifting aggregate-demand to the right. • When the Fed contracts the money supply, it raises the interest rate and reduces the q ...
Time Inconsistency and the Exchange Rate Channel of
... case. The relative weight on output stabilisation is set at º ¼ 0:5: In closed-economy models, it is always optimal to stabilise demand shocks completely, since such shocks drive inflation and output in the same direction. In open-economy models, this result does not hold in general. A positive dema ...
... case. The relative weight on output stabilisation is set at º ¼ 0:5: In closed-economy models, it is always optimal to stabilise demand shocks completely, since such shocks drive inflation and output in the same direction. In open-economy models, this result does not hold in general. A positive dema ...
EXCESSIVE LIQUIDITY PREFERENCE Prabhat Patnaik
... recapitalization just to cover the losses and further substantial capitalization to restore its capacity to lend to private borrowers. The second problem relates to the fact that some of the assets, the so-called “toxic” assets, which the banks hold are not immediately saleable. Their true market pr ...
... recapitalization just to cover the losses and further substantial capitalization to restore its capacity to lend to private borrowers. The second problem relates to the fact that some of the assets, the so-called “toxic” assets, which the banks hold are not immediately saleable. Their true market pr ...
The IS-LM model
... The transaction and precautionary motive L1(Y) : The money demanded in order to be able to transact in the future (function of the level of output) The speculation motive L2(i) : The money demanded for purposes of speculation (opportunity cost of the interest rate). When interest is high, people don ...
... The transaction and precautionary motive L1(Y) : The money demanded in order to be able to transact in the future (function of the level of output) The speculation motive L2(i) : The money demanded for purposes of speculation (opportunity cost of the interest rate). When interest is high, people don ...
Financial crises
... – If an institution or investor invests only his own money, the worst outcome is loss of these funds. – If additional funds are borrowed to invest more, then potential gains are increased but so are potential losses. – Moreover, bankcruptcy risk arises, which can spread financial troubles to other i ...
... – If an institution or investor invests only his own money, the worst outcome is loss of these funds. – If additional funds are borrowed to invest more, then potential gains are increased but so are potential losses. – Moreover, bankcruptcy risk arises, which can spread financial troubles to other i ...
Multiple Choice Quiz 1. The labor force consists of A) the entire adult
... A) describes the ratio of a bank's reserves to its deposits. B) describes the ratio of an individual's assets to their monthly expenditures. C) describes the ratio of a bank's assets to its liabilities. D) describes the ratio of unused productive capacity to total productive capacity to describe the ...
... A) describes the ratio of a bank's reserves to its deposits. B) describes the ratio of an individual's assets to their monthly expenditures. C) describes the ratio of a bank's assets to its liabilities. D) describes the ratio of unused productive capacity to total productive capacity to describe the ...
No Slide Title
... backed by or convertible into any good ©1999 South-Western College Publishing ...
... backed by or convertible into any good ©1999 South-Western College Publishing ...
Mr. Woodford and the Challenge of Finance
... standpoint, to imagine allowing the central bank to determine, by arbitrary fiat, the path of aggregate real activity, or the path of real interest rates, or the path of nominal interest rates as it is to imagine allowing it to determine the path of nominal interest rates. In practice, it is easiest ...
... standpoint, to imagine allowing the central bank to determine, by arbitrary fiat, the path of aggregate real activity, or the path of real interest rates, or the path of nominal interest rates as it is to imagine allowing it to determine the path of nominal interest rates. In practice, it is easiest ...