Author: Vania Stavrakeva
Publisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 41
Book Description
Conventional wisdom holds that lowering a home country's interest rate relative to another's will depreciate the domestic currency. We document that US monetary policy easings actually had the opposite effect during the Great Recession. We attribute this effect to calendar-based forward guidance that signaled economic weakness which resulted in a flight-to-safety effect and lower expected inflation in the United States. Our results imply that accusations that the Federal Reserve engaged in a "competitive devaluation" over the Great Recession were unfounded.
The Dollar During the Great Recession
Author: Vania Stavrakeva
Publisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 41
Book Description
Conventional wisdom holds that lowering a home country's interest rate relative to another's will depreciate the domestic currency. We document that US monetary policy easings actually had the opposite effect during the Great Recession. We attribute this effect to calendar-based forward guidance that signaled economic weakness which resulted in a flight-to-safety effect and lower expected inflation in the United States. Our results imply that accusations that the Federal Reserve engaged in a "competitive devaluation" over the Great Recession were unfounded.
Publisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 41
Book Description
Conventional wisdom holds that lowering a home country's interest rate relative to another's will depreciate the domestic currency. We document that US monetary policy easings actually had the opposite effect during the Great Recession. We attribute this effect to calendar-based forward guidance that signaled economic weakness which resulted in a flight-to-safety effect and lower expected inflation in the United States. Our results imply that accusations that the Federal Reserve engaged in a "competitive devaluation" over the Great Recession were unfounded.
Global Flight to Safety, Business Cycles, and the Dollar
Author: Martin Bodenstein
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
America
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 838
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 838
Book Description
Flight
Author:
Publisher:
ISBN:
Category : Aeronautics
Languages : en
Pages : 876
Book Description
Publisher:
ISBN:
Category : Aeronautics
Languages : en
Pages : 876
Book Description
The Flight of International Capital
Author: Brendan Brown
Publisher: Routledge
ISBN: 1351346466
Category : Business & Economics
Languages : en
Pages : 369
Book Description
Originally published in 1987, The Flight of International Capital provides a fascinating comprehensive analysis of the history of international money movements. Taking 1931 as the turning point between old-style and modern methods of conducting monetary affairs, the book relates currency shifts and investment trends to political events. He deals with five eras in the history of international capital; the unsettled post-crash period 1931-1936; the flight of capital to the US before World War II; the dollar and Swiss Franc’s time as the only ‘hard monies’ till the late fifties; the emergence of the mark-dollar axis before 1971; and finally, the behaviour of floating currencies.
Publisher: Routledge
ISBN: 1351346466
Category : Business & Economics
Languages : en
Pages : 369
Book Description
Originally published in 1987, The Flight of International Capital provides a fascinating comprehensive analysis of the history of international money movements. Taking 1931 as the turning point between old-style and modern methods of conducting monetary affairs, the book relates currency shifts and investment trends to political events. He deals with five eras in the history of international capital; the unsettled post-crash period 1931-1936; the flight of capital to the US before World War II; the dollar and Swiss Franc’s time as the only ‘hard monies’ till the late fifties; the emergence of the mark-dollar axis before 1971; and finally, the behaviour of floating currencies.
Flight Pay
Author: United States. Congress. House. Committee on Armed Services. Subcommittee No. 4
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 874
Book Description
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 874
Book Description
Fly
Author:
Publisher:
ISBN:
Category : Aeronautics
Languages : en
Pages : 444
Book Description
Publisher:
ISBN:
Category : Aeronautics
Languages : en
Pages : 444
Book Description
Flight Simulators
Author: United States. Congress. Senate. Committee on Armed Services. Subcommittee on Research and Development
Publisher:
ISBN:
Category : Flight simulators
Languages : en
Pages : 166
Book Description
Publisher:
ISBN:
Category : Flight simulators
Languages : en
Pages : 166
Book Description
The Code of Federal Regulations of the United States of America
Author:
Publisher:
ISBN:
Category : Administrative law
Languages : en
Pages : 652
Book Description
The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government.
Publisher:
ISBN:
Category : Administrative law
Languages : en
Pages : 652
Book Description
The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government.
Trade Information Bulletin
Author:
Publisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 114
Book Description
Publisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 114
Book Description