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International Spillovers of Forward Guidance Shocks
Language: en
Pages: 43
Authors: Callum Jones
Categories: Business & Economics
Type: BOOK - Published: 2018-05-15 - Publisher: International Monetary Fund

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After 2007, countries that cut their policy interest rates close to zero turned, among other policies, to forward guidance. We estimate a two-country model of t
International Spillovers of Forward Guidance Shocks
Language: en
Pages: 43
Authors: Callum Jones
Categories: Business & Economics
Type: BOOK - Published: 2018-05-15 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

After 2007, countries that cut their policy interest rates close to zero turned, among other policies, to forward guidance. We estimate a two-country model of t
Household Leverage and the Recession
Language: en
Pages: 51
Authors: Callum Jones
Categories: Business & Economics
Type: BOOK - Published: 2018-08-30 - Publisher: International Monetary Fund

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We evaluate and partially challenge the ‘household leverage’ view of the Great Recession. In the data, employment and consumption declined more in states wh
Dominant Currency Paradigm: A New Model for Small Open Economies
Language: en
Pages: 62
Authors: Camila Casas
Categories: Business & Economics
Type: BOOK - Published: 2017-11-22 - Publisher: International Monetary Fund

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Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in
Capitals of Capital
Language: en
Pages: 406
Authors: Youssef Cassis
Categories: Business & Economics
Type: BOOK - Published: 2006-11-23 - Publisher:

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International financial centres have come to represent a major economic stake. Yet no historical study has been devoted to them. Professor Cassis, a leading fin