Zobrazeno 1 - 10
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pro vyhledávání: '"Joseph W. Gruber"'
Autor:
Steven B. Kamin, Joseph W. Gruber
Publikováno v:
IMF Economic Review. 64:777-799
We explore the increase in the net lending of non-financial corporations across the OECD following the global financial crisis. We document that this rise reflects both increases in saving and declines in investment. Panel regressions reveal that the
Autor:
Steven B. Kamin, Joseph W. Gruber
Publikováno v:
International Finance Discussion Paper. 2015:1-61
We examine the increase in the net lending (saving minus investment) of nonfinancial corporations in the years preceding and especially following the Global Financial Crisis (GFC). We consider whether this increase in net lending is an endogenous ref
Autor:
Steven B. Kamin, Joseph W. Gruber
Publikováno v:
IFDP Notes. 2017
In recent years, a great deal of attention has been paid in the United States to the simultaneous occurrence of relatively weak corporate capital investment (especially at this point in the business cycle) and historically elevated net share buybacks
Publikováno v:
IFDP Notes. 2016
The dollar's 20 percent climb against a broad index of foreign currencies since the middle of 2014 has led to an increased focus on how dollar fluctuations affect the U.S. economy. This note provides further detail on the structure and estimation of
Autor:
Robert J. Vigfusson, Joseph W. Gruber
Publikováno v:
International Finance Discussion Paper. 2012:1-29
We propose a novel explanation for the observed increase in the correlation of commodity prices over the past decade. In contrast to theories that rely on the increased influence of financial speculators, we show that price correlation can increase a
Publikováno v:
International Finance Discussion Paper. 2010:1-37
We investigate the factors behind the recent decline in the U.S. share of world merchandise exports in an attempt to determine how big a role the changing productivity of U.S. firms has played. We do so against the backdrop of a measure of cost compe
Publikováno v:
International Finance Discussion Paper. 2010:1-25
Global and U.S. trade declined dramatically in the wake of the global financial crisis in late 2008 and early 2009. The subsequent recovery in trade, while vigorous at first, gradually lost momentum in 2010. Against this backdrop, this paper explores
Autor:
Joseph W. Gruber, Steven Kamin
Publikováno v:
International Finance Discussion Paper. 2010:1-40
We examine the impact of fiscal positions, both the level of debt and the fiscal balance, on long-term government bond yields in the OECD. In order to control for the endogenity of fiscal positions to the business cycle, we utilize forward projection
Autor:
Steven B. Kamin, Joseph W. Gruber
Publikováno v:
Review of International Economics. 17:667-688
This paper addresses the popular view that differences in financial development explain the pattern of global current account imbalances. One strain of thinking explains the net flow of capital from developing to industrial economies on the basis of
Autor:
Joseph W. Gruber, Steven Kamin
Publikováno v:
International Finance Discussion Paper. 2005:1-46
This paper assesses some of the explanations that have been put forward for the global pattern of current account imbalances that has emerged in recent years: in particular, the large U.S. current account deficit and the large surpluses of the Asian