A5051066814- Global Financial Crisis and Policies
- Monetary Policy and Economic Impact
- Banking stability, regulation, efficiency
- Economic theories and models
- Economic Theory and Policy
- Economic Policies and Impacts
- Housing Market and Economics
- Fiscal Policies and Political Economy
- Credit Risk and Financial Regulations
- Fiscal Policy and Economic Growth
- Global trade and economics
- Regional Development and Policy
- Financial Literacy, Pension, Retirement Analysis
- Market Dynamics and Volatility
- Educational and Psychological Assessments
- European Monetary and Fiscal Policies
- Software Engineering and Design Patterns
- Capital Investment and Risk Analysis
- Distributed and Parallel Computing Systems
- Local Government Finance and Decentralization
- Public-Private Partnership Projects
- State Capitalism and Financial Governance
- Radioactive contamination and transfer
- Radiation Therapy and Dosimetry
- Italy: Economic History and Contemporary Issues
Federal Reserve Bank of Dallas
2015-2024
National Bureau of Economic Research
2023
Vanderbilt University
2008-2021
Utah State University
2020-2021
Keio University
2018-2021
Weatherford College
2021
Fudan University
2021
University of British Columbia
2020-2021
University of Virginia
2021
Federal Reserve
2011-2020
Based on concerns about the item response theory (IRT) linking approach used in Programme for International Student Assessment (PISA) until 2012 as well desire to include new, more complex, interactive items with introduction of computer-based assessments, alternative IRT methods were implemented 2015 PISA round. The new method represents a concurrent calibration using all available data, enabling us find parameters that maximize fit across groups and allowing investigate measurement...
Recessions that are accompanied by financial crises tend to be more severe and followed slower recoveries than ordinary recessions.This paper introduces a new Keynesian model with frictions on both the demand supply side of credit markets can explain this empirical finding.Following shock leads decline in economic activity, an adverse feedback loop arises where falling profits asset values lead increased defaults real sector, these loan losses banking sector.Following increase losses, sector...
Large swings in capital flows into and out of emerging markets can potentially lead to excessive volatility asset prices credit supply.In order lessen the impact on financial instability, a number researchers policy markers have recently proposed use controls.This paper considers benefit adding controls as potential instrument monetary small open economy.In DSGE framework, we find that when domestic agents are subject collateral constraints value is fluctuations driven by foreign inflows...
Is there a link between capital controls and monetary policy autonomy in country with floating currency? Shocks to flows into small open economy lead volatility asset prices credit supply. To lessen the impact of on financial instability, central bank finds it optimal use domestic interest rate "manage" account. Capital account restrictions affect behavior following shocks foreign rate. allow focus less more variables.
Abstract Adopting a single instead of multiple targets can be an effective way to overcome the classic time‐inconsistency problem. The choice mandate depends on trade openness and credibility. Reduced‐form empirical results show as central banks become less credible, they are more likely adopt pegged exchange rate, tendency peg openness. In model with “loose commitment,” credibility falls, either inflation target or rate is adopted. A relatively closed (highly open) economy would (exchange peg).
During a time of rising world interest rates, the central bank small open economy may be motivated to increase its own rate keep from suffering destabilizing outflow capital and depreciation in exchange rate.Empirically, this paper shows that is especially true for with current account deficit, which relies on foreign inflows finance deficit.In addition, method financing has large effect whether or not will opt flow stabilization during rates.A deficit financed mainly through reserve...
This paper explores the relationship between financial performance and macroeconomic fundamentals in emerging market economies not only times of crises, but general during crisis non-crisis years over global cycle.Using a panel framework with data for 119 at an annual frequency, we examine whether varies magnitude and/or switches sign years.We find that better (such as stronger net foreign asset positions higher stocks exchange reserves) are associated just episodes, also normal...