금융 | Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis | 한국금융연구원

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2015-10-06 일자 [제 15-72 호]

Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis
NBER (2015-10-06)

We illustrate a pitfall that can result from the common practice of assessing alternative monetary policies purely by considering the perfect foresight equilibria (PFE) consistent with the proposed rule. In a standard New Keynesia ..  more

Optimal Monetary and Macroprudential Policies: Gains and Pitfalls in a Model of Financial Intermediation
FRB (2015-10-05)

We estimate a quantitative general equilibrium model with nominal rigidities and financial intermediation to examine the interaction of monetary and macroprudential stabilization policies. The estimation procedure uses credit spre ..  more

Global Financial Stability Report : Vulnerabilities, Legacies, and Policy Challenges
IMF (2015-10-06)

Chapters 2 and 3 of the October 2015 Global Financial Stability Report respectively examine the determinants and resilience of market liquidity and the growing level of corporate debt in emerging markets. In terms of market liquid ..  more

제 목	발행기관	발행일자
AEI Political Report-Insiders and outsiders: What Americans are telling the pollsters	AEI	15-10-05
Let Puerto Rico go bankrupt	AEI	15-10-05
A Customer Centric Approach to Security	BAI	15-10-05
Building Buzz with Social Media	BAI	15-10-05
Four Steps to Getting Branch Transformation Right	BAI	15-10-05
How to Choose the Best Payments Hub	BAI	15-10-05
New and Renew for Continuous Innovation	BAI	15-10-05
LCR shaking up bank deposits	Banking Exchane	15-10-05
Why humans should worry about robo-advisors	Banking Exchane	15-10-05
October 2015 update to TIGER: Tracking indexes for the global recovery	Brookings	15-10-05
The Opportunities and Risks of the Sharing Economy	CEPR	15-10-05
Credit Scores and Committed Relationships	FRB	15-10-05
Credit Scores, Trust, and Stock Market Participation	FRB	15-10-05
Exploring the Racial Wealth Gap Using the Survey of Consumer Finances	FRB	15-10-05
International Dollar Flows	FRB	15-10-05
Optimal Monetary and Macroprudential Policies: Gains and Pitfalls in a Model of Financial Intermediation	FRB	15-10-05
Potential Output and Recessions: Are We Fooling Ourselves?	FRB	15-10-05
Recent Trends in Communications Equipment Prices	FRB	15-10-05
The Effects of FOMC Communications before Policy Tightening in 1994 and 2004	FRB	15-10-05
The Role of Dispersed Information in Pricing Default: Evidence from the Great Recession	FRB	15-10-05
Venture Capital and the Performance of Incumbents	FRB	15-10-05
What Can the Data Tell Us About the Equilibrium Real Interest Rate?	FRB	15-10-05
Why Boomerang? Debt, Access to Credit, and Parental Co-residence among Young Adults	FRB	15-10-05
Eval‎uating the Information in the Federal Reserve Stress Tests	FRB of New York	15-10-06
Interest Rates and the Market for New Light Vehicles	FRB of New York	15-10-06
Macroprudential Policy: Case Study from a Tabletop Exercise	FRB of New York	15-10-06
The Cyclicality of Leverage	FRB of New York	15-10-06
A State-Level Analysis of Okun's Law	FRB of St. Louis	15-10-06
Dodd-Frank's Title XI Does Not End Federal Reserve Bailouts	Heritage	15-10-06
The Influence of Foreign Direct Investment, Intrafirm Trading, and Currency Undervaluation on US Firm Trade Disputes	IIE	15-10-06
The Euro's Savior?	Levy	15-10-06
The Impact of Public Investment in Social Care Services on Employment, Gender Equality, and Poverty	Levy	15-10-06
Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis	NBER	15-10-06
Chinese Yellow Dust and Korean Infant Health	NBER	15-10-06
Health Effects of Economic Crises	NBER	15-10-06
Household Debt and Business Cycles Worldwide	NBER	15-10-06
Housing Booms and Busts, Labor Market Opportunities, and College Attendance	NBER	15-10-06
Internalizing Global Value Chains: A Firm-Level Analysis	NBER	15-10-06
Moral Incentives: Experimental Evidence from Repayments of an Islamic Credit Card	NBER	15-10-06

제 목	발행기관	발행일자
Allianz Global Wealth Report 2015	Allianz	15-10-05
Low interest rates, incomes and assets: The winners and the losers	Allianz	15-10-05
Dynamic term structure models: the best way to enforce the zero lower bound in the United States	Bank of England	15-10-05
'High and dry': the liquidity and credit of colonial and foreign government debt in the London Stock Exchange (1880-1910)	Bank of England	15-10-05
Household debt and spending in the United Kingdom	Bank of England	15-10-05
Some unpleasant properties of loglinearized solutions when the nominal rate is zero	Bank of England	15-10-05
The informational content of market-based measures of inflation expectations derived from government bonds and inflation swaps in the United Kingdom	Bank of England	15-10-05
Volatility contagion: new evidence from market pricing of volatility risk	Bank of England	15-10-05
BOFIT Forecast for China 2015-2017/2	Bank of Finland	15-10-05
BOFIT Forecast for Russia 2015-2017/2	Bank of Finland	15-10-05
Could climate change affect government expenditures? Early evidence from the Russian regions	Bank of Finland	15-10-05
Rebalancing of demand in China-illustrating possible effects with an input-output analysis	Bank of Finland	15-10-05
Explaining the Recent Slump in Investment: the Role of Expected Demand and Uncertainty	Bank of France	15-10-05
Mega-deals: What Consequences for sub-Saharan Africa?	Bank of France	15-10-05
Real Wage Cyclicality in the Eurozone before and during the Great Recession: Evidence from micro data	Bank of France	15-10-05
Effects of further reductions in the LTV limit	Bank of Netherlands	15-10-05
Fast ML estimation of dynamic bifactor models: an application to European inflation	Bank of Spain	15-10-05
Securitization and asset prices	Bank of Spain	15-10-05
The Great Moderation in historical perspective. Is it that great?	Bank of Spain	15-10-05
Fire Sale Bank Recapitalizations	Bank of Sweden	15-10-05
Why is Europe lagging on next generation access networks?	Bruegel	15-10-05
Disaster Risk and Preference Shifts in a New Keynesian Model	CEPII	15-10-05
A European Unemployment Benefits Scheme: The rationale and the challenges ahead	CEPS	15-10-05
China's slowdown: When the dragon catches the flu, Europe sneezes	CEPS	15-10-05
Current economy and monetary trends, 3rd Quarter 2015	Danmarks Nationalbank	15-10-05
The winner's curse-evidence on the danger of aggressive credit growth in banking	Deutsche Bundesbank	15-10-05
Euro money market survey, September 2015	ECB	15-10-05
The side effects of national financial sector policies: framing the debate on financial protectionism	ECB	15-10-05
"Either he's dead, or my watch has stopped" : The WTO's Nairobi Ministerial Conference must be clear about the future of the Doha Round	ECIPE	15-10-05
The Belgian production network 2002-2012	National Bank of Belgium	15-10-05

제 목	발행기관	발행일자
ASEAN Economic Integration through Trade and Foreign Direct Investment: Long-Term Challenges	ADBI	15-10-05
Household Inflation Expectations: The Term Structure and the Anchor Effects of Monetary Policy	Bank of Japan	15-10-05
Japan's Balance of Payments Statistics for 2014 and International Investment Position at Year-End 2014	Bank of Japan	15-10-05
External Shocks, Banks and Monetary Policy in an Open Economy: Loss Function Approach	Central Bank of the Republic of Turkey	15-10-05
Asynchronous Monetary Policies and International Dollar Credit	HKIMR	15-10-06
The Interaction between Funding Liquidity and Market Liquidity: Evidence from Subprime and European Crises	IMES	15-10-06
Production fragmentation, Upstreamness, and Value-added: Evidence from Factory Asia 1990-2005	JETRO	15-10-06
ICT-Enabled Business Model Innovation by B2B Manufacturers : Pursuing the Creation of Process Value	NRI	15-10-06
Increased Adoption of Cloud Services and Its Impact on the ICT Market	NRI	15-10-06
Time to look at regulating proxy advisory firms	NRI	15-10-06
Estimating New Zealand's neutral interest rate	Reserve Bank of New Zealand	15-10-05
Elastic Labor Supply and Agglomeration	RIETI	15-10-06
Wealth Inequality, or r-g, in the Economic Growth Model	RIETI	15-10-06

제 목	발행기관	발행일자
Climate Change in Coral Triangle of the Pacific Countries: Supporting Communities to Adapt	ADB	15-10-05
Constructing a Bias-Free Trade Governance Indicator: Revealing the Biases of Existing Survey Indicators	ADB	15-10-05
Regional Transport Infrastructure: Mapping Projects to Bridge South Asia and Southeast Asia	ADB	15-10-05
Independent Assessment of the Small&Medium Enterprises Working Group (SMEWG)	APEC	15-10-05
SMEs, Competition Law and Economic Growth	APEC	15-10-05
Trends and Developments in Provisions and Outcomes of RTA/FTAs Implemented in 2014 by APEC Economies	APEC	15-10-05
Cross-border financial linkages: challenges for monetary policy and financial stability	BIS	15-10-05
International reserves and gross capital flow dynamics	BIS	15-10-05
The determinants of long-term debt issuance by European banks: evidence of two crises	BIS	15-10-05
The impact of CCPs' margin policies on repo markets	BIS	15-10-05
The influence of monetary policy on bank profitability	BIS	15-10-05
A Financial Conditions Index for Greece	IMF	15-10-06
Annual Report of the Executive Board	IMF	15-10-06
Capital Controls or Macroprudential Regulation?	IMF	15-10-06
Credit Expansion in Emerging Markets : Propeller of Growth?	IMF	15-10-06
Domestic Market Integration and the Law of One Price in Brazil	IMF	15-10-06
Emerging Powers and Global Governance : Whither the IMF?	IMF	15-10-06
Global Financial Stability Report : Vulnerabilities, Legacies, and Policy Challenges	IMF	15-10-06
How Does Bank Competition Affect Solvency, Liquidity and Credit Risk? Evidence from the MENA Countries	IMF	15-10-06
Monetary Policy Transmission in Emerging Asia : The Role of Banks and the Effects of Financial Globalization	IMF	15-10-06
News Shocks in Open Economies : Evidence from Giant Oil Discoveries	IMF	15-10-06
Optimal Bank Recovery	IMF	15-10-06
Stress Testing Corporate Balance Sheets in Emerging Economies	IMF	15-10-06
What Measure of Inflation Should a Developing Country Central Bank Target?	IMF	15-10-06
World Economic Outlook (WEO) : Adjusting to Lower Commodity Prices	IMF	15-10-06
Changing wage structure in India in the post-reform era : 1993-2011	World Bank	15-10-06

제 목	발행기관	발행일자
China's Slowing Demand Burns Gas Giants	AWSJ	15-10-06
Yuan Picks Up Pace as Global Currency	AWSJ	15-10-06
Dodd-Frank's Effect on Small Banks is Muted	AWSJ	15-10-05
Treasury's Lew Says Congress Must Raise Debt Limit by Nov. 5	AWSJ	15-10-05
Janet Yellen Ally Sees Possible Fed Interest-Rate Move Soon	AWSJ	15-10-02
Fistful of Reasons Why BOJ's Kuroda May Avoid Expanding Stimulus	Bloomberg	15-10-06
TPP Trade Deal: Who Stands to Gain, Suffer in Asia-Pacific	Bloomberg	15-10-06
Saudi Aramco Cuts Crude Pricing to Asia, U.S. Amid Weak Demand	Bloomberg	15-10-05
World's Biggest Currency Trader Says Weak Jobs Means Weak Dollar	Bloomberg	15-10-05
Draghi Says Growth Returning, Calls for Further Euro Integration	Bloomberg	15-10-02
Abenomics : Less of the same	Economist	15-10-02
Global housing markets : Upwardly mobile	Economist	15-10-02
Global monetary system : Thrills and spills	Economist	15-10-02
The world economy : Dominant and dangerous	Economist	15-10-02
War in the Muslim world : Putin dares, Obama dithers	Economist	15-10-02
Italy pushes for eurozone jobless insurance scheme	Financial Times	15-10-06
Plans unveiled to crack down on corporate tax avoidance	Financial Times	15-10-06
Italy defends EU tariffs as last defence against China	Financial Times	15-10-05
World Bank head calls for capital boost	Financial Times	15-10-05
Capital flight darkens economic prospects for emerging markets	Financial Times	15-10-02