What Does Anticipated Monetary Policy Do?
FRB of Chicago (2015-12-08)
Forward rate guidance, which
has been used with increasing regularity by monetary policymakers, relies on the
manipulation of expectations of future short-term interest rates. We identify
shocks to these expectations at short and .. more |
Development of statistics for aggregate household debt service ratio in
Korea BIS (2015-12-08)
Households' debt-to-income ratio has risen
at a fast pace since 2002 in Korea Korean banks which were wary of corporate
credit risk after 1997 Asian foreign exchange crisis, focused their business on
the expansion of loans to h .. more |
Big Data and Big Cities: The Promises and Limitations of Improved
Measures of Urban Life NBER (2015-12-08)
New, "big" data sources
allow measurement of city characteristics and outcome variables higher
frequencies and finer geographic scales than ever before. However, big data will
not solve large urban social science questions on its .. more | |