Zobrazeno 1 - 10
of 10
pro vyhledávání: '"Jonathan E. Goldberg"'
Autor:
Yoshio Nozawa, Jonathan E. Goldberg
Publikováno v:
The Journal of Finance. 76:755-796
This paper examines dealer inventory capacity, or liquidity supply, as a driver of liquidity and expected returns in the corporate bond market. We identify shocks to aggregate liquidity supply using data on corporate bond yields and dealer positions.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::c967d397c68cda3242c25b7e76272b97
https://doi.org/10.1111/jofi.12991
https://doi.org/10.1111/jofi.12991
Publikováno v:
Finance and Economics Discussion Series. 2020:1-34
This paper examines potential interactions between financial stability and the monetary policy strategies and tools considered in the Federal Reserve’s review of monetary policy strategy, tools, and communication practices. Achieving the Federal Re
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::365d962222d5baa48e6c32ed762e75df
https://doi.org/10.17016/feds.2020.074
https://doi.org/10.17016/feds.2020.074
Autor:
Jonathan E. Goldberg
Publikováno v:
Journal of Financial Economics. 136:806-827
This paper develops a novel measure of liquidity supply by broker-dealers using data on their trading positions in Treasury bonds and the deviations of Treasury yields from a fitted yield curve. The measure is informative about liquidity in other ass
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::1100901c11b3a1bd753f4d3863ffc3f9
https://doi.org/10.1016/j.jfineco.2019.11.006
https://doi.org/10.1016/j.jfineco.2019.11.006
Autor:
Craig A. Chikis, Jonathan E. Goldberg
Publikováno v:
FEDS Notes. 2021
Beginning in late February 2020, market liquidity for corporate bonds dried up and corporate bond credit spreads soared amid broad financial market dislocations related to the COVID-19 pandemic. The causes of this liquidity dry-up and the spike in co
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f11ed5ab48367181b599b653b5f8b5b7
https://doi.org/10.17016/2380-7172.2946
https://doi.org/10.17016/2380-7172.2946
Autor:
Jonathan E. Goldberg
Publikováno v:
Macroeconomic Dynamics. 25:1779-1809
This paper studies the macroeconomic effects of shocks to idiosyncratic business risk in an economy with endogenously incomplete markets. I develop a model in which firms face idiosyncratic risk and obtain insurance from intermediaries through contra
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ef4360f30760b7ebc1cf8d917ca2753a
https://doi.org/10.1017/s1365100519000865
https://doi.org/10.1017/s1365100519000865
Autor:
Jonathan E. Goldberg
Publikováno v:
FEDS Notes. 2020
Strains in the Treasury market in March indicated a decline in broker-dealer inventory capacity, which has historically predicted persistent reductions in market liquidity across asset classes, the availability of financing for non-financial firms, a
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::63d2f37ffc40f900799c54ba0c438090
https://doi.org/10.17016/2380-7172.2581
https://doi.org/10.17016/2380-7172.2581
Autor:
Jonathan E. Goldberg
Publikováno v:
SSRN Electronic Journal.
This paper develops a novel measure of liquidity supply by broker-dealers using data on their trading positions in Treasury bonds and the deviations of Treasury yields from a fitted yield curve. The measure is informative about liquidity in other ass
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8d109df169ed1cef1734ed2b0e7e6eeb
https://doi.org/10.2139/ssrn.3162203
https://doi.org/10.2139/ssrn.3162203
Autor:
Yoshio Nozawa, Jonathan E. Goldberg
Publikováno v:
SSRN Electronic Journal.
This paper examines dealer inventory capacity, or liquidity supply, as a driver of liquidity and expected returns in the corporate bond market. We identify shocks to aggregate liquidity supply using data on corporate bond yields and dealer positions.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::8b1da6ba46e1770340628a5a8b608b24
https://doi.org/10.2139/ssrn.3209658
https://doi.org/10.2139/ssrn.3209658
Autor:
Jonathan E. Goldberg, Jason Wu, Michael J. Fleming, Tobias Adrian, Morgan Lewis, Fabio M. Natalucci
Publikováno v:
FEDS Notes. 2013
Long-term interest rates hit record-low levels in 2012 but have since increased substantially.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::db076257072b570316453303aa525504
https://doi.org/10.17016/2380-7172.0004
https://doi.org/10.17016/2380-7172.0004
Autor:
Jonathan E. Goldberg
Publikováno v:
SSRN Electronic Journal.
This thesis examines questions at the intersection of macroeconomics and finance. Chapter 1 studies the persistent effects of a decrease in firms' ability to borrow. I develop a tractable model of deleveraging that emphasizes (i) firms as suppliers o
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::930a77654627623867754c45dbeeea4d
https://doi.org/10.2139/ssrn.1886584
https://doi.org/10.2139/ssrn.1886584