Zobrazeno 1 - 8
of 8
pro vyhledávání: '"Bruce A. Smith"'
Autor:
Bruce D. Smith, James B. Bullard
Publikováno v:
Journal of Monetary Economics. 50:389-417
We study dynamic economies in which agents may have incentives to hold both privately-issued (a.k.a. inside) and publicly-issued (a.k.a. outside) circulating liabilities as part of an equilibrium. Our analysis emphasizes spatial separation and limite
Publikováno v:
Journal of Monetary Economics. 49:1235-1260
This paper undertakes a simple general equilibrium analysis of the consequences of deposit insurance programs, the way in which they are priced, and the way in which they fund revenue shortfalls. In our economy, the central issue in analyzing deposit
Publikováno v:
Journal of Monetary Economics. 47:221-248
A growing theoretical literature describes mechanisms whereby even predictable increases in the rate of inflation interfere with the ability of the financial sector to allocate resources effectively. This paper empirically assesses these predictions.
Autor:
Bruce D. Smith, Elisabeth Huybens
Publikováno v:
Journal of Monetary Economics. 43:283-315
Empirical evidence suggests that real activity, the volume of bank lending activity, and the volume of trading in equity markets are strongly positively correlated. At the same time, inflation and financial market activity are strongly negatively cor
Autor:
Bruce D. Smith
Publikováno v:
Journal of Monetary Economics. 34:27-46
Autor:
Bruce D. Smith
Publikováno v:
Journal of Monetary Economics. 14:293-317
The regulation of deposit interest rates has received little support from economists. The same is true for the original rationale for such regulation: that bank competition for deposits generates inherent ‘instability’ in the banking system. This
Autor:
Thomas F. Cooley, Bruce D. Smith
Publikováno v:
Journal of Monetary Economics. 24:211-233
A model of policy formulation is proposed in which the government and the private sector form dynamic coalitions for the purpose of choosing policy actions. However, current players cannot commit their future selves to any particular actions. Definin
Autor:
Bruce D. Smith, David M. Modest
Publikováno v:
Journal of Monetary Economics. 12:571-593
There exists a debate among economic historians concerning the ‘standard of living’ of the British working class during the industrial revolution. In this debate, trends in real wages figure prominently and virtually all long- and short-term real