2015-11-03 일자 [제
15-80 호] |
The Choice Channel of Financial
Innovation NBER (2015-11-03)
Financial innovations in
recent decades have vastly expanded investors' portfolio choice. We
theoretically analyze the effect of these developments on investors' savings and
asset returns. In our model, investors with possibly het .. more |
Employment and the Great Recession : The Role of Real Wages IMF
(2015-11-03)
This paper argues that the sharp increase in unemployment in
a number of advanced countries during the Great Recession was not just cyclical
(the result of a lack of aggregate demand); the degree of adjustment of real
wages and th .. more |
Beyond zero rates and unconventional monetary policy BIS
(2015-11-02)
Monetary policy in major currencies can spill over to
emerging market economies (EMEs) through various channels. Spillovers from
global financial conditions have the effect of constraining EMEs' policy
choices, making more likely .. more | |
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