Browsing by Subject "monetary policy"
Now showing items 1-4 of 4
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Monetary Policy and Asset Valuation
(2017-09) -
Monetary/Fiscal Policy Mix and Agents’ Beliefs
(Economic Research Initiatives at Duke (ERID) Working Paper, 2014-05-01)We reinterpret post World War II US economic history using an estimated microfounded model that allows for changes in the monetary/fiscal policy mix. We find that the fiscal authority was the leading authority in the ‘60s ... -
Ownership of Capital in Monetary Economies and the Inflation Tax on Equity
(1998)Asset pricing models have only partially captured the true inflation risk of equities. The contribution of this paper is to identify and quantify the extra inflation tax on equities that results when ownership of physical ... -
Relax and Explode: How Financial Deregulation and Loose Monetary Policy Contributed to the 2003-2007 LBO Boom
(2012-04-24)This paper first details the general academic theory behind leveraged buyouts and then explores the financial deregulation effort undertaken by Congress and the Federal Reserve Board throughout the 1980s and 1990s. The ...
