Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute - Ultra Easy Monetary Policy and the Law of Unintended Consequences* pptx

... remainvacantaftertheirpurchase.  65 Onreturningfromavisitto the USin the late1920’s,Hayekforetoldadeepslump.Onbeingtoldthiswas impossible,becauseUSpriceswereessentialstable,Hayekapparentlyrespondedthatthiswasprecisely the evidence of anunderlyingproblem.Increasesinproductivityshouldhave...

Ngày tải lên: 22/03/2014, 23:20

... helpful comments and conversations. The views expressed in this paper are those of the authors and do not necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve ... as the liquidity of a market for the long-run te chnology. From that perspective, our result states that the higher the liquidity of the market f...

Ngày tải lên: 29/03/2014, 13:20

... are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System. Central banks routinely state monetary policies in terms of interest ... terms of interest rates, we examine the question of whether money and interest rates have the same relationship when central banks for- mulate monetary poli...

Ngày tải lên: 22/03/2014, 23:20

... “Interest on Reserves and Monetary Policy. ” Federal Reserve Bank of New York Economic Policy Review 8, no. 1 (May): 1 3-2 9. Proceedings of a Conference Sponsored by the Federal Reserve Bank of New ... Reserve Bank of New Zealand’s operating framework. 11 Sources of Bank Reserves Figure 5 illustrates the link between the size of the Fed...

Ngày tải lên: 16/02/2014, 12:20

... specified in Decree 2 2-2 006-ND-CP. 15. Article 7.6 and Article 8.2(b) of Decree 2 2-2 006-ND-CP. 16. Article 11 and Article 32 of Decree 2 2-2 006-ND-CP. 17. Federal Reserve Bank of San Francisco, Country ... diversify the market participants in the banking industry, strengthen the resiliency of the banking sector, and follow internationally accepted...

Ngày tải lên: 06/03/2014, 10:20

... II, and III, credit to AIG, and other Fed assets. Liabilities: Other—Reverse repos, Treasury cash holdings, and deposits with Federal Reserve Banks other than reserve balances and excluding the ... with Federal Reserve banks (part of “Other”). Assets: Lending to nonbanks—TALF, CPFF, AMLF, and MMIFF; Short-term lending to financials—discount window, TAF, currency...

Ngày tải lên: 15/03/2014, 20:20

... necessar- ily reective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors or omissions are the responsibility of the authors. Federal Reserve Bank of New ... authors and do not necessarily reect the position of the Federal Reserve Bank of New York or the Federal Reserve System. Abstract The rapi...

Ngày tải lên: 22/03/2014, 21:20

... discussion and elicit comments. The views expressed in this paper are those of the authors and are not necessar- ily reective of views at the Federal Reserve Bank of New York or the Federal Reserve ... retrospect, the change in application of bankruptcy law to the treatment of repos was perhaps the most important change. Since the enactment of the...

Ngày tải lên: 22/03/2014, 21:20

... furthermore, the presence of the expectation of future contraction, μ ˆ Y L , on the right-hand side of the AD equation. The expectation of future contraction makes the effect of both the shock and ... necessarily reflect the position of the Federal Reserve Bank of New York or the Federal Reserve System. the value for φ II is chosen so that th...

Ngày tải lên: 29/03/2014, 13:20

... Chari ∗ University of Minnesota and Federal Reserve Bank of Minneapolis Patrick J. Kehoe ∗ Federal Reserve Bank of Minneapolis andUniversityofMinnesota Ellen R. M cG ratta n ∗ Federal Reserve Bank of Minneapolis andUniversityofMinnesota ABSTRACT We ... those of the authors and not necessarily thos e of the Federal Reserve Bank of Minneapolis or t...

Ngày tải lên: 29/03/2014, 20:20