 | Monetary Transmission of Global Imbalances in Asian Countries Author/Editor: Il Houng Lee, Woon Gyu Choi. Release Date:September, 2010 The paper explores the linkages between the global and domestic monetary gaps, and estimates the effects of monetary gaps on output growth, inflation, and net saving rates using panel data for 20 more...
| Price: $18.00
|
| Fire Sales and the Financial Accelerator Author/Editor: David Cook, Woon Gyu Choi. Release Date:June, 2010
| Price: $18.00
|
| Dissecting Taylor Rules in a Structural VAR Author/Editor: Yi Wen, Woon Gyu Choi. Release Date:January, 2010 This paper uncovers Taylor rules from estimated monetary policy reactions using a structural VAR on U.S. data from 1959 to 2009. These Taylor rules reveal the dynamic nature of policy responses to more...
| Price: $18.00
|
| New Keynesian Exchange Rate Pass-Through Author/Editor: David Cook, Woon Gyu Choi. Release Date:September, 2008 Using the theory of optimal local currency pricing, this paper constructs a structural equation to estimate the rate at which foreign producer prices pass through the local currency prices of more...
| Price: $18.00
|
| Capital Flows, Financial Integration, and International Reserve Holdings: The Recent Experience of Emerging Markets and Advanced Economies Author/Editor: Maria Strömqvist, Sunil Sharma, Woon Gyu Choi. Release Date:July, 2007 This paper examines the interaction between capital flows and international reserve holdings in the context of increasing financial integration. For emerging markets the sensitivity of reserves to more...
| Price: $18.00
|
| Financial Market Risk and U.S. Money Demand Author/Editor: David Cook, Woon Gyu Choi. Release Date:April, 2007 This paper examines empirically U.S. broad money demand emphasizing the role of financial market risk. We find that money demand rises with the liquidity risk of stock markets or the credit risk of more...
| Price: $18.00
|
| Stock Market Liquidity and the Macroeconomy: Evidence from Japan Author/Editor: David Cook, Woon Gyu Choi. Release Date:January, 2005 In a liquid financial market, investors are able to sell large blocks of assets without substantially changing the price. We document a steep drop in the liquidity of the Japanese stock market in the more...
| Price: $15.00
|
| Asymmetric Effects of Government Spending: Does the Level of Real Interest Rates Matter? Author/Editor: Michael B. Devereux, Woon Gyu Choi. Release Date:January, 2005 This paper empirically explores how fiscal policy (represented by increases in government spending) has asymmetric effects on economic activity at different levels of real interest rates. It suggests more...
| Price: $15.00
|
| Trade Credit and the Effect of Macro-Financial Shocks: Evidence from U.S. Panel Data Author/Editor: Yungsan Kim, Woon Gyu Choi. Release Date:June, 2003 Many studies examine why firms are financed by their suppliers, but few empirical studies look at the macroeconomic implications of such financial arrangements. Using disaggregated panel data, we more...
| Price: $15.00
|
| Optimal Monetary Policy in a Small Open Economy with Habit Formation and Nominal Rigidities Author/Editor: Yongseung Jung, Woon Gyu Choi. Release Date:January, 2003 Introducing habit formation into an open economy macroeconomic model with price stickiness, we examine the characteristics of an optimal monetary policy. We find that, first, the optimal policy rule more...
| Price: $15.00
|
|
Help