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Author: Eric M. Leeper Publisher: ISBN: Category : Monetary policy Languages : en Pages : 38
Book Description
We construct linear projections of macro variables conditional on hypothetical paths of monetary policy, using as an example an identified VAR model. Hypothetical policies are restricted to ones where both the policy intervention and its impacts are consistent with history -- otherwise the linear projections are likely to be unreliable. We use the approach to interpret Federal Reserve decisions, modeling their frequent reassessment in light of new information about the tradeoffs policymakers face. The interventions we consider matter: they can shift projected paths and probability distributions of macro variables in economically meaningful ways
Author: Eric M. Leeper Publisher: ISBN: Category : Monetary policy Languages : en Pages : 38
Book Description
We construct linear projections of macro variables conditional on hypothetical paths of monetary policy, using as an example an identified VAR model. Hypothetical policies are restricted to ones where both the policy intervention and its impacts are consistent with history -- otherwise the linear projections are likely to be unreliable. We use the approach to interpret Federal Reserve decisions, modeling their frequent reassessment in light of new information about the tradeoffs policymakers face. The interventions we consider matter: they can shift projected paths and probability distributions of macro variables in economically meaningful ways
Author: Robert E. Baldwin Publisher: University of Chicago Press ISBN: 0226036510 Category : Business & Economics Languages : en Pages : 392
Book Description
Interest in U.S. trade policy has been stimulated in recent years by the massive American trade deficit, by the belief that intervention by foreign governments in international markets has given other countries a competitive edge over the United States, and by concern about the increase in protectionism among industrial countries. In turn, major analytical developments in international economics have revolutionized trade theory, broadening its scope both by introducing in a more formal manner such concepts as imperfect competition, increasing returns, product differentiation, and learning effects and by including the study of political and economic factors that shape trade policy decisions. This collection of papers—the result of a conference held by the NBER—applies these "new" trade theories to existing world cases and also presents complementary empirical studies that are grounded in more traditional trade theories. The volume is divided into four parts. The papers in part 1 consider the problem of imperfect competition, empirically assessing the economic effect of various trade policies introduced in industries in which the "new" trade theory seems to apply. Those in part 2 isolate the effects of protection from the influences of the many economic changes that accompany actual periods of protection and also examine how the effects from exogenous changes in economic conditions vary with the form of protection. Part 3 provides new empirical evidence on the effect of foreign production by a country's firms on the home country's exports. Finally, in part 4, two key bilateral issues are analyzed: recent U.S.-Japanese trade tensions and the incident involving the threat of the imposition of countervailing duties by the United States on Canadian softwood lumber.
Author: Publisher: ISBN: Category : Languages : en Pages :
Book Description
Nevertheless, though many have called for their reform these two agencies appear to be a continuing feature of the U.S. housing finance system and are currently well-positioned to implement countercyclical credit supply policies. In my dissertation I propose a novel countercyclical policy intervention by the government-sponsored enterprises and analyze its impact on mortgage borrowers.
Author: Amy A. Eyler Publisher: Oxford University Press ISBN: 0190224657 Category : Medical Languages : en Pages : 409
Book Description
Prevention, Policy, and Public Health provides a basic foundation for students, professionals, and researchers to be more effective in the policy arena. It offers information on the dynamics of the policymaking process, theoretical frameworks, analysis, and policy applications. It also offers coverage of advocacy and communication, the two most integral aspects of shaping policies for public health.
Author: John B. Taylor Publisher: ISBN: Category : Financial crises Languages : en Pages : 30
Book Description
This paper is an empirical investigation of the role of government actions and interventions in the financial crisis that flared up in August 2007. It integrates and summarizes several ongoing empirical research projects with the aim of learning from past policy. The evidence is presented in a series of charts which are backed up by statistical analysis in these research projects.
Author: John B. Taylor (Professor of Economics) Publisher: ISBN: Category : Financial crises Languages : en Pages : 0
Book Description
This paper is an empirical investigation of the role of government actions and interventions in the financial crisis that flared up in August 2007. It integrates and summarizes several ongoing empirical research projects with the aim of learning from past policy. The evidence is presented in a series of charts which are backed up by statistical analysis in these research projects.
Author: Julie Schaffner Publisher: Wiley Global Education ISBN: 1118805887 Category : Business & Economics Languages : en Pages : 691
Book Description
Development Economics: Theory Empirical Research and Policy Analysis by Julie Schaffner offers a means to think about development and policy in a way that is disciplined by economic theory and informed by empirical research. The main goal of this text is to get readers to think rigorously using tools of economic analysis. This text will help to define development objectives, understand the development process, identify potential barriers to development, design candidate development interventions, and analyze the multidimensional impact of theory, empirical research and policy analysis within the study of economic development.
Author: Robert E. Baldwin Publisher: University of Chicago Press ISBN: 9780226036076 Category : Business & Economics Languages : en Pages : 390
Book Description
Interest in U.S. trade policy has been stimulated in recent years by the massive American trade deficit, by the belief that intervention by foreign governments in international markets has given other countries a competitive edge over the United States, and by concern about the increase in protectionism among industrial countries. In turn, major analytical developments in international economics have revolutionized trade theory, broadening its scope both by introducing in a more formal manner such concepts as imperfect competition, increasing returns, product differentiation, and learning effects and by including the study of political and economic factors that shape trade policy decisions. This collection of papers—the result of a conference held by the NBER—applies these "new" trade theories to existing world cases and also presents complementary empirical studies that are grounded in more traditional trade theories. The volume is divided into four parts. The papers in part 1 consider the problem of imperfect competition, empirically assessing the economic effect of various trade policies introduced in industries in which the "new" trade theory seems to apply. Those in part 2 isolate the effects of protection from the influences of the many economic changes that accompany actual periods of protection and also examine how the effects from exogenous changes in economic conditions vary with the form of protection. Part 3 provides new empirical evidence on the effect of foreign production by a country's firms on the home country's exports. Finally, in part 4, two key bilateral issues are analyzed: recent U.S.-Japanese trade tensions and the incident involving the threat of the imposition of countervailing duties by the United States on Canadian softwood lumber.
Author: Eric M. Leeper
Author: Eric M. Leeper
Author: Vincent O'Sullivan
Author: Robert E. Baldwin
Author: 
Author: Amy A. Eyler
Author: John B. Taylor
Author: John B. Taylor (Professor of Economics)
Author: Paul Geroski
Author: Julie Schaffner
Author: Robert E. Baldwin