Circumventing the Zero Lower Bound with Monetary Policy Rules Based on Money...
Discussions of monetary policy rules after the 2007-2009 recession highlight the potential ineffectiveness of a central bank's actions when the short-term interest rate under its control is limited by...
View ArticleThe End of Alchemy: A Review Essay -- by Roger E.A. Farmer
I review The End of Alchemy by Mervyn King, published by W.W. Norton and Company in 2016. I discuss King's proposed regulatory reform, the 'Pawn Broker for All Seasons' (PFAS) and I compare it to an...
View ArticleThe Impact of Climate Change Skepticism on Adaptation in a Market Economy --...
Climate change will increase the risk of temperature extremes. Induced innovation could offset some of this threat. This paper explores the demand and supply for climate adaptation innovation in a...
View ArticleThe Macroeconomic Effects of Government Asset Purchases: Evidence from...
We document the portfolio activity of federal housing agencies and provide evidence on its impact on mortgage markets and the economy. Through a narrative analysis, we identify historical policy...
View ArticleUnderstanding the Economic Impact of the H-1B Program on the U.S. -- by John...
Over the 1990s, the share of foreigners entering the US high-skill workforce grew rapidly. This migration potentially had a significant effect on US workers, consumers and firms. To study these...
View ArticleCompany Stock Reactions to the 2016 Election Shock: Trump, Taxes and Trade --...
The election of Donald J. Trump as the 45th President of the United States of America on 11/8/2016 came as a surprise. Markets responded swiftly and decisively. This note investigates both the initial...
View ArticleTight Money-Tight Credit: Coordination Failure in the Conduct of Monetary and...
Quantitative analysis of a New Keynesian model with the Bernanke-Gertler accelerator and risk shocks shows that violations of Tinbergen's Rule and strategic interaction between policymaking authorities...
View ArticleCommunications: Methods and Applications for Financial Managers
Improving communication is one of the most important – and challenging – issues that management accountants face. In a global survey of CFOs, Ernst & Young said: “Despite two thirds of respondents...
View ArticleStatement on Auditing Standards, Number 127: Omnibus Statement on Auditing...
Paragraph .25a of Statement on Auditing Standards (SAS) No. 122, Statements on Auditing Standards: Clarification and Recodification, section 600, “Special Considerations--Audits of Group Financial...
View ArticleProspective Financial Information Guide
Ensure you have the most current authoritative guidance related to Prospective Financial Information.read more...
View ArticleAssessing international capital flows after the crisis
Proceedings of the IFC Satellite meeting organised in cooperation with the Central Bank of Brazil and the Center for Latin American Monetary Studies (CEMLA) in Rio de Janeiro on 24 July 2015.
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