Search Results - "Journal of money, credit and banking"

Trade Credit, the Financial Crisis, and SME Access to Finance by CARBÓ-VALVERDE, SANTIAGO, RODRÍGUEZ-FERNÁNDEZ, FRANCISCO, UDELL, GREGORY F.

“…Mounting evidence indicates that firms, particularly SMEs, suffered from a significant credit crunch during this crisis. We analyze for the first time whether…”
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Unconventional Monetary Policy and International Risk Premia by ROGERS, JOHN H., SCOTTI, CHIARA, WRIGHT, JONATHAN H.

“…We assess the relationship between monetary policy, foreign exchange risk premia, and term premia including the period at the zero lower bound (ZLB). We…”
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The Effectiveness of Unconventional Monetary Policy at the Zero Lower Bound: A Cross-Country Analysis by GAMBACORTA, LEONARDO, HOFMANN, BORIS, PEERSMAN, GERT

“…This paper assesses the macroeconomic effects of unconventional monetary policies by estimating a panel vector autoregression (VAR) with monthly data from…”
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Monetary Policy Expectations at the Zero Lower Bound by BAUER, MICHAEL D., RUDEBUSCH, GLENN D.

“…We show that conventional dynamic term structure models (DTSMs) estimated on recent U.S. data severely violate the zero lower bound (ZLB) on nominal interest…”
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The Role of Oil Price Shocks in Causing U.S. Recessions by KILIAN, LUTZ, VIGFUSSON, ROBERT J.

“…Although oil price shocks have long been viewed as one of the leading candidates for explaining U.S. recessions, surprisingly little is known about the extent…”
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Multinational Banks and the Global Financial Crisis: Weathering the Perfect Storm? by DE HAAS, RALPH, VAN LELYVELD, IMAN

“…We use data on the 48 largest multinational banking groups to compare the lending of their 199 foreign subsidiaries during the Great Recession with lending by…”
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Measuring the Macroeconomic Impact of Monetary Policy at the Zero Lower Bound by WU, JING CYNTHIA, XIA, FAN DORA

“…This paper employs an approximation that makes a nonlinear term structure model extremely tractable for analysis of an economy operating near the zero lower…”
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Credit Booms and Lending Standards: Evidence from the Subprime Mortgage Market by DELL'ARICCIA, GIOVANNI, IGAN, DENIZ, LAEVEN, LUC

“…This paper links the U.S. subprime mortgage crisis to demand-side factors that contributed to the rapid expansion of the U.S. mortgage market. We show that…”
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The Effectiveness of Alternative Monetary Policy Tools in a Zero Lower Bound Environment by HAMILTON, JAMES D., WU, JING CYNTHIA

“…This paper reviews alternative options for monetary policy when the shortterm interest rate is at the zero lower bound and develops new empirical estimates of…”
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An Inflation-Predicting Measure of the Output Gap in the Euro Area by JAROCIŃSKI, MAREK, LENZA, MICHELE

“…Using a small Bayesian dynamic factor model of the euro area, we estimate the deviations of output from its trend that are consistent with the behavior of…”
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Evaluating the Macroeconomic Effects of the ECB's Unconventional Monetary Policies by MOUABBI, SARAH, SAHUC, JEAN‐GUILLAUME

“…We quantify the macroeconomic effects of the European Central Bank's unconventional monetary policies using a dynamic stochastic general equilibrium model…”
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Optimal Dynamic Capital Requirements by MENDICINO, CATERINA, NIKOLOV, KALIN, SUAREZ, JAVIER, SUPERA, DOMINIK

“…We characterize welfare maximizing capital requirement policies in a quantitative macrobanking model with household, firm, and bank defaults calibrated to Euro…”
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A Phillips Curve with Anchored Expectations and Short‐Term Unemployment by BALL, LAURENCE, MAZUMDER, SANDEEP

“…This paper examines the behavior of U.S. core inflation, as measured by the weighted median of industry price changes. We find that core inflation since 1985…”
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Global Liquidity, House Prices, and the Macroeconomy: Evidence from Advanced and Emerging Economies by CESA-BIANCHI, AMBROGIO, CESPEDES, LUIS FELIPE, REBUCCI, ALESSANDRO

“…In this paper, we first compare house price cycles in advanced and emerging economies using a new quarterly house price data set covering the period 1990–2012…”
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Explaining Monetary Spillovers: The Matrix Reloaded by KEARNS, JONATHAN, SCHRIMPF, ANDREAS, XIA, FAN DORA

“…This paper relies on a high‐frequency identification approach to provide new insights into monetary policy spillovers by major central banks. Our long and…”
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Monetary Policy Uncertainty and the Response of the Yield Curve to Policy Shocks by TILLMANN, PETER

“…This paper studies the nonlinear response of the term structure of interest rates to monetary policy shocks and presents a new stylized fact. We show that…”
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Rethinking Macroeconomic Policy by BLANCHARD, OLIVIER, DELL'ARICCIA, GIOVANNI, MAURO, PAOLO

“…The great moderation lulled macroeconomists and policymakers alike in the belief that we knew how to conduct macroeconomic policy. The crisis clearly forces us…”
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Shadow Banks and Macroeconomic Instability by MEEKS, ROLAND, NELSON, BENJAMIN, ALESSANDRI, PIERGIORGIO

“…We develop a macroeconomic model inwhich commercial banks can offload risky loans to a “shadow” banking sector, and financial intermediaries trade in…”
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The Cyclical Behavior of the Price‐Cost Markup by NEKARDA, CHRISTOPHER J., RAMEY, VALERIE A.

“…A countercyclical markup of price over marginal cost is a key transmission mechanism for demand shocks in New Keynesian (NK) models. This paper reexamines the…”
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Geopolitical Risk and Investment by WANG, XINJIE, WU, YANGRU, XU, WEIKE

“…Abstract Using a news‐based index of geopolitical risk (GPR), we document a strong negative relationship between firm‐level corporate investment and GPR. When…”
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