해외동향 | Structural Change in Investment and Consumption: A Unified Approach | 한국금융연구원

[LHKOREA]

2018-05-09 일자 [제 18-34 호]

Structural Change in Investment and Consumption: A Unified Approach
NBER (2018-05-09)

Existing models of structural change typically assume that all of investment is produced in manufacturing. This assumption is strongly counterfactual: in the postwar US, the share of services value added in investment ex ..  more

Fiscal and Monetary Regimes: A Strategic Approach
CEPR (2018-05-09)

This paper develops a full-fledged strategic analysis of Wallace's "game of chicken". A public sector facing legacy nominal liabilities is comprised of fiscal and monetary authorities that respectively set the primary su ..  more

Channels of US monetary policy spillovers to international bond markets
BIS (2018-05-09)

We document significant US monetary policy (MP) spillovers to international bond markets. Our methodology identifies US MP shocks as the change in short-term treasury yields within a narrow window around FOMC meetings, a ..  more

제 목	발행기관
Investing in a Localized World	A.T. Kearney
ABA Study: The State of Digital Lending	ABA
Large banks are winning: Here are five strategies to beat them	BAI
Why high tech and human touch should go hand in glove	BAI
Housing Price Network Effects from Public Transit Investment: Evidence from Vancouver	Bank of Canada
Defining the middle class: Cash, credentials, or culture?	Brookings
The dangerous inadequacies of the world's crisis-response mechanisms	Brookings
Capital (and Earnings) Incentives for Loan Loss Provisions in Brazil: evidence from a crisis-buffering regulatory intervention	Central Bank of Brazil
ePRIVACY AND DATA PROTECTION	Citi
Decoding millennials in the gig economy	Deloitte
Who's the boss? Trends in CIO reporting structure	Deloitte
Deposit Inflows and Outflows in Failing Banks: The Role of Deposit Insurance	FDIC
Foreign Effects of Higher U.S. Interest Rates	FRB
How much does health insurance cost? Comparison of premiums in administrative and survey data	FRB
Reconsidering the Consequences of Worker Displacements: Firm versus Worker Perspective	FRB
The Origins of Aggregate Fluctuations in a Credit Network Economy	FRB
Voluntary Reserve Targets	FRB
Quasi Maximum Likelihood Analysis of High Dimensional Constrained Factor Models	FRB of Boston
The BUILD Act's Proposed U.S. Development Finance Corporation Would Supersize OPIC, But Not Improve It	Heritage
A Consensus Strategy for a Universal Job Guarantee Program	Levy
Corporate Debt in Latin America and its Macroeconomic Implications	Levy
Building the corporate bank of the future	McKinsey
Insurance 2030 - The impact of AI on the future of insurance	McKinsey
State of the Agent Network, India 2017	MicroSave
An Aggregative Games Approach to Merger Analysis in Multiproduct-Firm Oligopoly	NBER
Asymmetric Business-Cycle Risk and Social Insurance	NBER
Do Properly Anticipated Prices Fluctuate Randomly? Evidence from VIX Futures Markets	NBER
New Evidence on the Markup of Prices over Marginal Costs and the Role of Mega-Firms in the US Economy	NBER
Structural Change in Investment and Consumption: A Unified Approach	NBER
Technology and Skill: Twin Engines of Growth	NBER
The Finance Uncertainty Multiplier	NBER
Working Longer in the U.S.: Trends and Explanations	NBER
LIBOR Fallbacks In Focus: A Lesson In Unintended Consequences	Oliver Wyman
Organizational Agility	Oliver Wyman

제 목	발행기관
Oil price collapse and firm leverage in resource-dependent countries	Bank of Finland
ECB monetary policy and the euro exchange rate	Bank of Italy
Firms' investments during two crises	Bank of Italy
How can the government spending multiplier be small at the zero lower bound?	Bank of Italy
The global component of inflation volatility	Bank of Italy
The potential of big housing data: an application to the Italian real-estate market	Bank of Italy
Asymmetric Inflation Expectations, Downward Rigidity of Wages, and Asymmetric Business Cycles	CEPR
Changing the Structure of Minimum Wages: Firm Adjustment and Wage Spillovers	CEPR
Fiscal and Monetary Regimes: A Strategic Approach	CEPR
Housing Constraints and Spatial Misallocation	CEPR
Institutional Investors and Information Acquisition: Implications for Asset Prices and Informational Efficiency	CEPR
Market integration from measurement to economic analysis: a survey of the recent literature	CEPR
The Dynamics of Sovereign Debt Crises and Bailouts	CEPR
The Rise of Shadow Banking: Evidence from Capital Regulation	CEPR
Well-being Inequality in the Long Run	CEPR
A comprehensive view on risk reporting: evidence from supervisory data	Deutsche Bundesbank
Price or Variety? An Eval‎uation of Mergers Effects in Grocery Retailing	DIW
Credit shocks and the European labour market	DNB
The impact of the ECB asset purchases on the European bond market structure: Granular evidence on ownership concentration	DNB
From carry trades to curvy trades	ECB
Private and public risk sharing in the euro area	ECB
The evolving impact of global, region-specific and country-specific uncertainty	ECB
EIF VC Survey 2018 - Fund managers' market sentiment and views on public intervention	EIF
Choices of dominated mortgage products by UK consumers	FCA
Effects of the advice requirement and intermediation in the UK mortgage market	FCA
Mortgages Market Study - Interim Report	FCA
Six of One...? Choice of intermediary in the UK mortgage market	FCA
International Monetary Policy Transmission through Banks in Small Open Economies	Swiss National Bank

제 목	발행기관
ASEAN+3 Bond Market Guide 2018: Republic of Korea	ADB
Decoding Article 6 of the Paris Agreement	ADB
Tapping Technology to Maximize the Longevity Dividend in Asia	ADB
A Framework to Study the Role of Structural Transformation in Productivity Growth and Regional Convergence	ADBI
Assessing the Effectiveness of IMF Programs Following the Global Financial Crisis: How Did It Change Since the Asian Crisis?	ADBI
Empirical Analysis of Factors Influencing Price of Solar Modules	ADBI
Heterogeneous Effects of Migration on Child Welfare: Empirical Evidence from Viet Nam	ADBI
The Impact of Monetary and Tax Policy on Income Inequality in Japan	ADBI
Three Generations of Changing Gender Patterns of Schooling in the People's Republic of China	ADBI

제 목	발행기관
Breaking the trilemma: the effects of financial regulations on foreign assets	BIS
Channels of US monetary policy spillovers to international bond markets	BIS
Effects of asset purchases and financial stability measures on term premia in the euro area	BIS
Financial and price stability in emerging markets: the role of the interest rate	BIS
Economic and Social Survey of Asia and the Pacific 2018	ESCAP
Frontier technologies for sustainable development in Asia and the Pacific	ESCAP
Inequality in Asia and the Pacific in the era of the 2030 Agenda for Sustainable Development	ESCAP
Productivity and Jobs in a Globalised World	OECD
Working Together for Local Integration of Migrants and Refugees	OECD
Designing pension systems with coherent funded private pillars including issues for notional defined contribution schemes	World Bank
International data flows and privacy : the conflict and its resolution	World Bank
One more time : what are institutions and how do they change?	World Bank
Political connections and firms : network dimensions	World Bank
The 2014-16 oil price collapse in retrospect : sources and implications	World Bank
The Decline in Access to Correspondent Banking Services in Emerging Markets : Trends, Impacts, and Solutions	World Bank
The use of financial incentives to prevent undesirable behaviors	World Bank
Trade linkages between the belt and road economies	World Bank

제 목	발행기관
Activists Are Coming for Corporate Asia	Bloomberg
Asia Is Becoming More Comfortable With Gaining Currencies	Bloomberg
China Is Quietly Setting Global Standards	Bloomberg
Emerging Market Central Banks Face Toughest Test Since Taper Tantrum	Bloomberg
America Is Minting More Millionaire Retirees Than Ever	Bloomberg
Bitcoin Bulls Celebrate Goldman	Bloomberg
Goldman to Add Crypto Contracts Without Trading Bitcoins	Bloomberg
How Crypto Stacks Up Against Other Investments	Bloomberg
Air Pollution Kills 7 Million People a Year WHO Reports	Bloomberg
Expect One More Rate Hike Than Markets Have Priced In Fund Manager Says	Bloomberg
India Will Work When Women Do	Bloomberg
Zuckerberg Says Facebook to Keep Building Despite Challenges	Bloomberg
A huge interest rate hike has arrested a run on the Argentine peso	Economist
Access to banking services is spreading throughout the developing world	Economist
Trade talks expose a chasm between China and America	Economist
Where will the next crisis occur	Economist
Despite North Korea arms control is unravelling	Economist
Economists focus too little on what people really care about	Economist
Japans bloated retail banks need to downsize	Economist
Turkeys president hopes to turn huge building projects into votes	Economist
Why Powellism versus Enochonomics tears liberals apart	Economist
Both in rich and poor countries universal health care brings huge benefits	Economist
How to regulate crypto	Economist
The flaws of finance	Economist
The great foreign exchange ripoff is coming to an end	Economist
Access to energy is an essential step in African development	FT
Democrats tread fine line on tariffs in Trump country	FT
Long lending boom will be a test of shadow finance	FT
The threat of secular stagnation has not gone away	FT
Argentina tries to halt peso slide with emergency rate rise	FT
S Korean prosecutors to examine Elliott deal with Samsung C&T	FT
Goldman CEO pledges caution in consumer lending	FT
Regulator says Samsung BioLogics breached accounting rules	FT
Blackstone accelerates into subprime car loans	FT
China and US compete to dominate big data	FT
EU vows not to give in to threats as Trump delays tariffs	FT
Has economics failed	FT
Activist Sets Sights on Citigroup	WSJ
Big Banks Steal Smaller Brokers Thunder	WSJ
Oil Prices Reach Highest Level Since 2014	WSJ
Trump and the Chimerica Crisis	WSJ
How Morgan Stanley Got Its Mojo Back	WSJ
Junk Bonds Are Getting Junkier	WSJ
China Trade Showdown	WSJ
Fed Holds Rates Steady but Indicates Increases Will Continue	WSJ
Barclays Looks Outside for New Chairman	WSJ
The Population Bomb Was a Dud	WSJ
US Inflation Hit Federal Reserves 2percent Target in March	WSJ
Worlds Second Most Valuable Cryptocurrency Under Regulatory Scrutiny	WSJ