Policy actions after the financial crisis
Dislocations in FX Swap and Money Markets in Hong Kong and Policy Actions during the Financial Crisis of 2008
... global financial crisis of 2008, many non-US financial institutions relied heavily on the foreign-exchange (FX) swap markets for US-dollar ...the policy actions taken by the Hong Kong ...
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Federal Reserve's Unconventional Monetary Policy After the Financial Crisis
... monetary policy actions tend to take time to have an effect on the ...monetary policy actions’ effects on the economical factors on the longer run past the observation ...monetary ...
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Pensions Funds and the crisis - national policy actions
... As long-term investors, it is often seen that short-term fiscal and investment policies changes might not have big consequences on the workplace pension sector. However, these initiatives are likely to affect the ...
Fiscal Policy after the Financial Crisis
... consolidation after abandoning a peg. During the eighties, in Finland financial deregulation and tax incentives for housing investment fuelled a boom characterized by huge capital inflows, large private ...
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Fiscal Policy after the Financial Crisis
... demonstrate that the HIPCs debt after relief was “sustainable”, i.e. debt ratios would not increase again in the future. How to reconcile these irreconcilable mandates? The answer appears in the next table: ...
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Fiscal Policy after the Financial Crisis
... This is a consequence in large part of not increasing benefits enough if the age of benefit receipt is delayed, i.e., benefits are not actuarially fair. Thus the gain in wage earnings is partially, or even largely, ...
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Fiscal Policy after the Financial Crisis
... In this paper, we estimate government purchase multipliers for a large number of OECD countries, allowing these multipliers to vary smoothly according to the state of the economy and using real-time forecast data to ...
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Fiscal Policy after the Financial Crisis
... However, there are several problems in trying to link the quantitative results of this modeling to the actual U.S. economy. One is that the modeling shows that a drop in wages reduces taxes paid into the Social ...
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Fiscal Policy after the Financial Crisis
... For these reasons, the US time series data beginning with World War II appear to have little information about the government spending multiplier that is relevant for the current situati[r] ...
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Fiscal Policy after the Financial Crisis
... The main advantage of our identification strategy — namely, as already mentioned, that it allows us to use time fixed effects and thus control for time-specific aggregate effects such as the stance of monetary ...
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Fiscal Policy after the Financial Crisis
... 1 Introduction The potential stimulus effects of fiscal policy have once again become an active area of academic research. Before The Great Recession, the few researchers who estimated the effects of government ...
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Fiscal Policy after the Financial Crisis
... years after the end of the …scal adjustment because the results of an election within two years after the end of the period of de…cit reduction could be a¤ected by the tight …scal policy quite ...
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Fiscal Policy after the Financial Crisis
... Mostly, however, it is the scope for improving the uniformity and coverage of the VAT that stands out. As between the two elements of the policy gap, the significance of exemptions suggested in Table 4 is both ...
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Implementing Monetary Policy after the 2008 Financial Crisis
... the financial world watches as the Federal Open Market Committee (FOMC) decides on a target interest rate in the federal funds market for the next ...monetary policy after the latest global ...
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Explaining policy change in the EU : financial reform after the crisis
... by policy entrepreneurs and veto players was crucial in determining the presence and extent of change in response to the ...In financial regulation, the Commission was quite active at the agenda-setting ...
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Explaining policy change in the EU : financial reform after the crisis
... by policy entrepreneurs and veto players was crucial in determining the presence and extent of change in response to the ...In financial regulation, the Commission was quite active at the agenda-setting ...
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Fiscal policy in Colombia and a prospective analysis after the 2008 financial crisis
... Despite this short-term fiscal deterioration, the Colombian fiscal indicators had been improving over the pre-crisis period, as a result of a favorable domestic and external macroeconomic environment as well as ...
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Monetary Policy In a Financial Crisis
... Credit after the Crisis ...the financial crisis began unfolding, the East Asian financial system, not excluding Korea’s, had often been criticized for its insufficient transparency and ...
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Monetary Policy in a Financial Crisis
... path after a collateral shock is of independent interest because it captures key features of actual economies in the aftermath of a crisis, it is not the central focus of our ...monetary ...
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Financial Crisis and Public Policy
... Those questions point to the second ele- ment of financial innovations involving mort- gage-backed securities. It involves a key finan- cial discovery: the Black-Scholes formula for dynamic hedging. This formula ...
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