Zobrazeno 1 - 10
of 19
pro vyhledávání: '"Gulan, Adam"'
Publikováno v:
In Journal of International Economics July 2021 131
Publikováno v:
In Journal of Monetary Economics January 2017 85:90-109
Interest Rates, Leverage, and Business Cycles in Emerging Economies: The Role of Financial Frictions
Autor:
Fernández, Andrés, Gulan, Adam
Publikováno v:
American Economic Journal: Macroeconomics, 2015 Jul 01. 7(3), 153-188.
Externí odkaz:
https://www.jstor.org/stable/24739333
The optimal level of banks' capital requirements has been a key research topic since at least the introduction of the Basel rules in the late 1980s. In this paper, we review the literature, focusing on recent findings from quantitative structural mac
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::9ad0315c3a73adff95af49137f2889c6
https://hdl.handle.net/10419/254299
https://hdl.handle.net/10419/254299
We use Finnish household-level registry and survey data to study the effects of ECB's monetary policy on the distribution of income and wealth. We find that monetary easing has a large positive effect on aggregate economic activity in Finland, but it
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::6dbb8d33954532b0dbfdf1928daa6ef3
https://hdl.handle.net/10419/249599
https://hdl.handle.net/10419/249599
We study macroeconomic consequences of a major trade disruption using the example of the Finnish-Soviet trade collapse in 1991. This is a rare case of a well-identified large trade shock in a developed economy. We find that the shock had a significan
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::5cebde7bd805c9b6bda2ccc5e27686c0
https://hdl.handle.net/10419/212443
https://hdl.handle.net/10419/212443
Autor:
Gulan, Adam
Since the Global Financial Crisis, academic economists and policymakers have had to deal with uncomfortable questions about the quality of their models and the state of macroeconomics as a profession. This note offers a summary of this discussion, fo
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::70fdc3312b519514919b668fc6f80ba3
https://hdl.handle.net/10419/212430
https://hdl.handle.net/10419/212430
Corporate sectors in emerging markets have noticeably increased their reliance on foreign financing, presumably reflecting low global interest rates. The evidence also shows a rebalancing from bank loans towards bonds. To study these developments, th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::004f1acf1da26aa4ad6a77400c027e63
https://hdl.handle.net/10419/212360
https://hdl.handle.net/10419/212360
We investigate the causes of the Finnish Great Depression, 1990-1993. We find that the collapse of the overheated financial and banking sectors starting in 1989 was the trigger of the economic crisis. Foreign shocks, which include the collapse of tra
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::ce832991dff3e5d2634b176091729586
https://hdl.handle.net/10419/212299
https://hdl.handle.net/10419/212299
Autor:
Fernández, Andrés, Gulan, Adam
Countercyclical country interest rates have been shown to be both a distinctive characteristic and an important driving force of business cycles in emerging market economies. In order to account for this, most business cycle models of emerging market
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::5b1917110d2c255cf3cd9ede2842d6c2
https://hdl.handle.net/10419/89045
https://hdl.handle.net/10419/89045