Zobrazeno 1 - 10
of 45
pro vyhledávání: '"J. Scott Davis"'
Autor:
J. Scott Davis, Michael B. Devereux
Publikováno v:
American Economic Journal: Macroeconomics. 14:60-82
Capital controls may be justified as a policy to combat a financial crisis. But for large economies, capital controls may have substantial spillovers to the rest of the world. We investigate the case for capital controls in a large open economy, when
Autor:
J. Scott Davis, Andrei Zlate
Publikováno v:
European Economic Review. 156:104477
Publikováno v:
Journal of Monetary Economics. 117:473-488
Recent theoretical papers argue that countries can insulate themselves from volatile world capital flows by using a variable tax on foreign capital as an instrument of monetary policy. But empirical papers argue that we rarely observe these cyclical
Publikováno v:
Federal Reserve Bank of Dallas, Globalization Institute Working Papers. 2020
Autor:
Andrei Zlate, J. Scott Davis
Publikováno v:
Journal of International Money and Finance. 94:15-31
This paper measures the effect of monetary tightening in key advanced economies on net capital flows around the world. Measuring this effect is complicated by the fact that the domestic monetary policies of affected economies respond endogenously to
Publikováno v:
SSRN Electronic Journal.
The collateral channel, whereby an increase in residential house prices leads to an increase in commercial property prices, loosening firm borrowing constraints and increasing firm investment, is weaker when residential and commercial real estate are
Publikováno v:
Federal Reserve Bank of Dallas, Globalization Institute Working Papers. 2020
This paper shows how foreign exchange intervention can be used to avoid a sudden stop in capital flows in a small open emerging market economy. The model is based around the concept of an under-borrowing equilibrium defined by Schmitt-Grohe and Uribe