해외동향 | Expectations about the Federal Reserve's Balance Sheet and the Term Structure of Interest Rates | 한국금융연구원

[LHKOREA]

2018-03-13 일자 [제 18-18 호]

Expectations about the Federal Reserve's Balance Sheet and the Term Structure of Interest Rates
IJCB (2018-03-13)

This paper assesses the effects of the Federal Reserve’s asset purchase programs on Treasury yields, and provides a framework to eval‎uate these effects both initially and over time as market expectations of the economy a ..  more

Welfare Reform and the Labor Market
NBER (2018-03-13)

This paper reviews the basic theoretical models that are appropriate for analyzing different types of welfare reforms, and the related empirical literature. We first present the canonical labor supply model of a classica ..  more

The Role of Stakeholders in Corporate Governance: A View from Accounting Research
CEPR (2018-03-13)

I review the empirical research on the role of stakeholders in corporate governance with an emphasis in contributions from the accounting literature. In particular, I focus on the following stakeholders: employees, the g ..  more

제 목	발행기관
Mobile money in emerging markets: The business case for financial inclusion	McKinsey
All in with AI: How artificial intelligence will disrupt banking - and customer experience - for good	BAI
What really counts: How observing bank branches optimizes staffing beyond the numbers	BAI
Dismiss the Gap? A Real-Time Assessment of the Usefulness of Canadian Output Gaps in Forecasting Inflation	Bank of Canada
The Macroeconomic Effects of Quantitative Easing in the Euro Area: Evidence from an Estimated DSGE Model	Bank of Canada
How Trump's steel and aluminum tariffs could affect state economies	Brookings
Is automation labor-displacing? Productivity growth, employment, and the labor share	Brookings
Macroeconomic effects of the 2017 tax reform	Brookings
Mortgage market design: Lessons from the Great Recession	Brookings
Safety net investments in children	Brookings
Does Investor Attention Affect Trading Volume In The Brazilian Stock Market?	Central Bank of Brazil
Economic Growth, Volatility and Their Interaction: What's the role of finance?	Central Bank of Brazil
Inflation Targeting and Financial Stability: does the quality of institutions matter?	Central Bank of Brazil
"Unconventional" Monetary Policy as Conventional Monetary Policy: A Perspective from the U.S. in the 1920s	FRB
Early-Stage Business Formation: An Analysis of Applications for Employer Identification Numbers	FRB
Liquidity Crises in the Mortgage Market	FRB
Liquidity Requirements, Free-Riding, and the Implications for Financial Stability Evidence from the early 1900s	FRB
Stock Market Cross-Sectional Skewness and Business Cycle Fluctuations	FRB
The Impact of the Current Expected Credit Loss Standard (CECL) on the Timing and Comparability of Reserves	FRB
Transparency and collateral: central versus bilateral clearing	FRB
Sovereign Default and Monetary Policy Tradeoffs	FRB of Kansas
DSGE Forecasts of the Lost Recovery	FRB of New York
What Would You Do with $500? Spending Responses to Gains, Losses, News, and Loans	FRB of New York
Bond Vigilantes and Inflation	IJCB
Eval‎uating Indicators for Use in Setting the Countercyclical Capital Buffer	IJCB
Expectations about the Federal Reserve's Balance Sheet and the Term Structure of Interest Rates	IJCB
Fiscal Policy Stabilization: Purchases or Transfers?	IJCB
Global Factors in the Term Structure of Interest Rates	IJCB
Learning about Commodity Cycles and Saving-Investment Dynamics in a Commodity-Exporting Economy	IJCB
Targeting Constant Money Growth at the Zero Lower Bound	IJCB
The Rate Elasticity of Retail Deposits in the United Kingdom: A Macroeconomic Investigation	IJCB
Income Distribution, Household Debt, and Aggregate Demand	Levy
An agenda for the talent-first CEO	McKinsey
Blockchain Disruption and Smart Contracts	NBER
Capital Markets and Grain Prices: Assessing the Storage Approach	NBER
Climate Adaptive Response Estimation: Short And Long Run Impacts Of Climate Change On Residential Electricity and Natural Gas Consumption Using Big Data	NBER
Concentration in US Labor Markets: Evidence From Online Vacancy Data	NBER
Crowdfunding Scientific Research	NBER
Reach for Yield and Fickle Capital Flows	NBER
Statistical Non-Significance in Empirical Economics	NBER
The Costs of Corporate Tax Complexity	NBER
Welfare Reform and the Labor Market	NBER
The Red Tape Cost Of Brexit	Oliver Wyman
The Search for a Euro Area Safe Asset	PIIE

제 목	발행기관
Monetary policy spillovers in the first age of financial globalisation: a narrative VAR approach 1884-1913	Bank of England
A General Equilibrium Appraisal of Capital Shortfall	Bank of France
Dollar Funding and Firm-Level Exports	Bank of France
Stabilising virtues of central banks: (re)matching bank liquidity	Bank of France
Backing the incumbent in difficult times: the electoral impact of wildfires	Bank of Spain
Debt Overhang and Investment Efficiency	CEPR
Sovereign Defaults in Court	CEPR
Tax Evasion and Inequality	CEPR
The Role of Stakeholders in Corporate Governance: A View from Accounting Research	CEPR
Who Owns the Wealth in Tax Havens? Macro Evidence and Implications for Global Inequality	CEPR
Early Warning System of Government Debt Crises	DIW
Job Search with Subjective Wage Expectations	DIW
Mortgage debt and shadow banks	DNB
Quantitative easing and preferred habitat investors in the euro area bond market	DNB
Time-varying wage Phillips curves in the euro area with a new measure for labor market slack	DNB
Innovation strategies of firms - identification, dynamics and intra-industry heterogeneity	Kiel
Public education expenditure, institution development, and regional innovations: an empirical evidence from China	Kiel
Circular Economy in Cities: Evolving the model for a sustainable urban future	WEF
Future of Consumption in Fast-Growth Consumer Markets: China	WEF
Innovation-Driven Cyber-Risk to Customer Data in Financial Services	WEF
Operating Models for the Future of Consumption	WEF
The Global Future Council on Energy: Policy Recommendations	WEF

제 목	발행기관
Gender Pay Gap: A Macro Perspective	ADB
Dynamic Analysis of Budget Policy Rules in Japan	BOJ
Recurrent Bubbles, Economic Fluctuations, and Growth	BOJ
Risk-Taking, Inequality and Output in the Long-Run	BOJ
The Effect of Zoning on Housing Prices	Reserve Bank of Australia

제 목	발행기관
Basel III Monitoring Report	BIS
FSB Correspondent Banking Data Report	FSB
Global Shadow Banking Monitoring Report 2017	FSB
Supplementary Guidance to the FSB Principles and Standards on Sound Compensation Practices	FSB
Canada's Carbon Price Floor	IMF
Economic Fluctuations in Sub-Saharan Africa	IMF
Estimating the Demand for Reserve Assets Across Diverse Groups	IMF
Forecasts in Times of Crises	IMF
How Well Do Economists Forecast Recessions?	IMF
Is Credit Easing Viable in Emerging and Developing Economies? An Empirical Approach	IMF
Is There a Phillips Curve? A Full Information Partial Equilibrium Approach	IMF
Macroprudential Stress Tests: A Reduced-Form Approach to Quantifying Systemic Risk Losses	IMF
More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies	IMF
Sustainable Development Goals (SDGs) and GDP: What National Accounts Bring to the Table	IMF
The Global Banking Network: What is Behind the Increasing Regionalization Trend?	IMF
What is Driving Women's Financial Inclusion Across Countries?	IMF
Mechanics of replacing benefits systems with a basic income: Comparative results from a microsimulation approach	OECD
Gender differences in poverty and household composition through the life-cycle : a global perspective	World Bank
The performance of a consumption augmented asset index in ranking Households and Identifying the Poor	World Bank

제 목	발행기관
Bitcoin Is Ridiculous Blockchain Is Dangerous	Bloomberg
Inflation Is Now All of a Sudden Above the Target in Norway	Bloomberg
Bitcoin Steadies Amid US Japan Regulatory Clampdown Concern	Bloomberg
PayPal CEO Says Cryptocurrencies Are Just an Experiment for Now	Bloomberg
Ripple Develops Blockchain Payments App With 61 Japanese Banks	Bloomberg
White House Defends Tariffs That Some Nations May Still Escape	Bloomberg
Exchanges Make Millions a Day Off Crypto Fees	Bloomberg
Initial Coin Offerings Likely Need to Follow Bank Secrecy Rules	Bloomberg
Bitcoin Rises Above 50 Day Average for First Time Since January	Bloomberg
Inflation Clarity Eludes the Fed and Markets	Bloomberg
Inside Warren Buffett's deal machine	Economist
The pros and cons of a summit between Donald Trump and Kim Jong Un	Economist
Markets fret about Americas turn toward protectionism	Economist
The rules based system is in grave danger	Economist
Gary Cohn resigns as Donald Trumps economic adviser	Economist
The real problem with pensions	Economist
Capital is on its way to America but for bad reasons	Economist
Labour monitoring technologies raise efficiency and hard questions	Economist
Self driving cars will profoundly change the way people live	Economist
Theresa May strikes a more conciliatory tone in her latest Brexit speech	Economist
China votes to allow Xi Jinping to rule for life	FT
EU and Japan press US on steel and aluminium tariffs	FT
ECB drops pledge to buy more bonds if needed	FT
Swift says blockchain not ready for mainstream use	FT
Beijing puts foot on accelerator for bank lending	FT
US Steel plans to restart steelmaking operations in Illinois	FT
Donald Trumps trade follies presage more protectionism	FT
Emerging markets under pressure as debt mounts	FT
IEA warns of oil supply crunch after 2020	FT
The backlash against shareholder value	FT
GOP Talks of Bill to Thwart Tariffs While Democrat Warren Applauds Trump	WSJ
Why Blockchain Will Survive Even If Bitcoin Doesnt	WSJ
the TPP Goes On	WSJ
Trump Signs Metals Tariffs Sparing Some Allies	WSJ
Big Bank Custody Fight	WSJ
The Meaning of Bitcoins Volatility	WSJ
A Pioneer in Real Estate Blockchain Emerges in Europe	WSJ
Global Inflation Stalled in January	WSJ
Demographics Give a Big Head Start for Family Income and Wealth	WSJ
Steel Tariffs Without Jobs	WSJ