해외동향 | Fiscal space and the aftermath of financial crises: How it matters and why | 한국금융연구원

[LHKOREA]

2019-03-12 일자 [제 19-18 호]

Fiscal space and the aftermath of financial crises: How it matters and why
Brookings (2019-03-12)

In OECD countries over the period 1980-2017, countries with lower debt-to-GDP ratios responded to financial distress with much more expansionary fiscal policy and suffered much less severe aftermaths. Two lines of eviden ..  more

Currency Regimes and the Carry Trade
CEPR (2019-03-12)

This study exploits a new long-run data set of daily bid and offered exchange rates in spot and forward markets from 1919 to the present to analyze carry returns in fixed and floating currency regimes. We first find that ..  more

The Return to Protectionism
NBER (2019-03-12)

We analyze the short-run impacts of the 2018 trade war on the U.S. economy. We estimate import demand and export supply elasticities using changes in U.S. and retaliatory tariffs over time. Imports from targeted countrie ..  more

제 목	발행기관
Build, buy or partner: fintech viewed through the digital lending lens	BAI
Risk management's innovative new world: business enablement, consumer trust	BAI
Accelerating financial inclusion in India	Brookings
Fiscal space and the aftermath of financial crises: How it matters and why	Brookings
Okun revisited: Who benefits most from a strong economy?	Brookings
On the economics of a carbon tax for the United States	Brookings
Breaking the Word Bank: Effects of Verbal Uncertainty on Bank Behavior	FDIC
Inferring Term Rates from SOFR Futures Prices	FRB
Test Questions, Economic Outcomes, and Inequality	FRB
Foreign Exchange Reserves as a Tool for Capital Account Management	FRB of Dallas
The Persistent Employment Effects of the 2006-09 U.S. Housing Wealth Collapse	FRB of Richmond
Bond Flows and Liquidity: Do Foreigners Matter?	FRB of San Francisco
The Mobile Economy 2019	GSMA Intelligence
Reimagining mobility: A CEO's guide	McKinsey
A Practical Method to Reduce Privacy Loss when Disclosing Statistics Based on Small Samples	NBER
Aggregate Nominal Wage Adjustments: New Evidence from Administrative Payroll Data	NBER
Disability and Distress: The Effect of Disability Programs on Financial Outcomes	NBER
Environmental Policy and Innovation: A Decade of Research	NBER
The Deadweight Loss of Social Recognition	NBER
The Return to Protectionism	NBER
Trade Shocks and the Shifting Landscape of U.S. Manufacturing	NBER
Who's Paying Attention? Measuring Common Ownership and Its Impact on Managerial Incentives	NBER
LIBOR Transition Roadmap For Investment Managers	Oliver Wyman
Supervising Tomorrow - How technology and industry trends will change financial supervision	Oliver Wyman
3 billion reasons voice can transform banking	PwC

제 목	발행기관
Monetary financing with interest-bearing money	Bank of England
Shapley regressions: a framework for statistical inference on machine learning models	Bank of England
Investment and the WACC: new micro evidence for France	Bank of France
A new economic policy uncertainty index for Spain	Bank of Spain
Measuring economic and economic policy uncertainty, and their macroeconomic effects: the case of Spain	Bank of Spain
Timed to say goodbye: does unemployment benefit eligibility affect worker layoffs	Bank of Spain
Shadow Banking and the Great Recession: Evidence from an Estimated DSGE Model	Central Bank of Luxembourg
Changing Business Cycles: The Role of Women's Employment	CEPR
Currency Regimes and the Carry Trade	CEPR
Targeting FDI	CEPR
Price rules in consumer credit: should the EU act?	CEPS
Model and estimation risk in credit risk stress tests	Deutsche Bundesbank
The nonlinear dynamics of corporate bond spreads: regime-dependent effects of their determinants	Deutsche Bundesbank
Fighting Climate Change with Disclosure? The Real Effects of Mandatory Greenhouse Gas Emission Disclosure	DIW
Occupational Characteristics and the Gender Pay Gap	DIW
Does monetary policy affect income inequality in the euro area?	DNB
Consumer attitudes and awareness of cryptoassets	FCA
Cyber security - industry insights	FCA
Microstructure of foreign exchange markets	Norges Bank

제 목	발행기관
Determinants and Impacts of Financial Literacy in the Lao PDR	ADBI
Sectoral and Skill Contributions to Labor Productivity in Asia	ADBI
Services and Manufacturing in Global Value Chains: Is the Distinction Obsolete?	ADBI
The Dynamics of Urbanization, Housing, and Land Provision in the Pacific Island Countries	ADBI
미국 신용시장의 최근 동향 (In Japanese)	BOJ
인도의 금융부문 리스크 평가 (In Japanese)	IIMA
스웨덴의 임금결정 구조와 시사점 (In Japanese)	JRI
신흥국 자본유입 동향과 전망 - 아세안 국가의 금융리스크와 중국의 영향, 정책대응 과제 (In Japanese)	JRI
개인자산형성 촉진 방안 (In Japanese)	MUFG
가상통화는 통화인가? 지불수단으로서의 가상통화에 관하여 (In Japanese)	NDL, Japan
A Model of the Australian Housing Market	Reserve Bank of Australia

제 목	발행기관
On the global Impact of risk-off shocks and policy-put frameworks	BIS
Moving Toward Gender Balance in Private Equity and Venture Capital	IFC
China's Evolving Exchange Rate Regime	IMF
Determinants of Currency Composition of Reserves: a Portfolio Theory Approach with an Application to RMB	IMF
Do Fiscal Rules Cause Better Fiscal Balances? A New Instrumental Variable Strategy	IMF
Fiscal Redistribution and Social Welfare	IMF
The Russian State's Size and its Footprint: Have They Increased?	IMF
BBVA big data on online credit card transactions	OECD
Calibrating GDP fan charts using probit models with a comparison to the approaches of the Bank of England and Riksbank	OECD
OECD Interim Economic Outlook, 2019	OECD
SIGI(Social Institutions and Gender Index) 2019 Global Report	OECD
Using probit models of downturn risk to calibrate GDP Fan charts for New Zealand	OECD
Active Trading and (Poor) Performance : The Social Transmission Channel	World Bank
Global Inflation Synchronization	World Bank

제 목	발행기관
India Announces Election Dates as Modi Fights to Retain Power	bloomberg
This Japanese Megabank Really Needs a Home Run	bloomberg
EU Urges Trump to Lift Tariffs So Allies Can Cooperate on China	bloomberg
The Fed and ECB Confront a New Normal That Looks a Lot Like Japans	bloomberg
Trump Pushes China Trade Deal to Boost Markets as 2020 Heats Up	bloomberg
Trumps Big Tax Cuts Did Little to Boost Economic Growth	bloomberg
Recessions Are Getting Tougher to Predict	bloomberg
Wall Street Regulators Could Take a Fresh Look at Bonuses	bloomberg
China is Too Big Not to Slow Down	bloomberg
China Lowers Growth Target and Cuts Taxes as Economy Slows	bloomberg
Chinas formerly white hot tech sector is in the doldrums	economist
The new scramble for Africa	economist
Prices of prime properties around the world are falling	economist
The London Stock Exchange is thriving despite Brexit	economist
Climate change and population growth are making the worlds water woes more urgent	economist
Why did the China shock hurt so much	economist
A second person has probably been cured of HIV	economist
Will a worsening outlook for inflation force the ECB to act	economist
Britain and the EU must extend Article 50	economist
New data sources make it harder for executives to mislead investors	economist
An overhaul of the international tax system can wait no longer	ft
Chinas cyclical recovery is picking up steam	ft
ECB unveils fresh bank stimulus amid rising eurozone gloom	ft
Feds Brainard backs case for rate hike pause	ft
Blow to Trump as US trade deficit hits 10 year high	ft
Xi Jinping needs a trade deal just as much as Donald Trump does	ft
BoE sets up facility to buffer banks in event of chaotic Brexit	ft
The ECB must reconsider its plan to tighten	ft
China sets lower GDP target as trade war hits home	ft
Fundraising drought suggests nerves over Brexit	ft
Central Banks Play a Game of Risk Management	wsj
Feds Fight With Private Bank Escalates	wsj
ECB to Launch New Stimulus in Major Policy Reversal	wsj
Stock Market Volatility Takes a Bite Out of US Households Net Worth	wsj
Trade Deficit Freak Out	wsj
US Posts Record Annual Trade Deficit	wsj
Democrats Aim for Financial Transactions Tax	wsj
Wall Street to Tamp Down on Default Insurance Bets	wsj
China Expects 2019 Economic Growth of 6 to 6.5 percent	wsj
The US Is Ceding the Pacific to China	wsj