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Unprecedented Actions: The Federal Reserve’s Response to the Global Financial Crisis in Historical Perspective
16 references·1 citing·46 second hop
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(1997)Inflation Targeting: A New Fr…The Gold Standard As a Rule: An Essay in Exploration (1995)The Gold Standard As a Rule: …The Origins of Federal Deposit Insurance (1994)The Origins of Federal Deposi…Asymmetric Information and Financial Crises: A Historical Perspective (1990)Asymmetric Information and Fi…Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation (1985)Sovereign Debt as a Contingen…On the Time Consistency of Optimal Policy in a Monetary Economy (1978)On the Time Consistency of Op…Rules Rather than Discretion: The Inconsistency of Optimal Plans (1977)Rules Rather than Discretion:…Lombard Street: A Description of the Money Market (1873)Lombard Street: A Description…A Black Swan in the Money MarketA Black Swan in the Money Mar…The Evolution of the Financial Stability Mandate (2016)The Evolution of the Financia…Debt with Potential Repudiation: Theoretical and Empirical Analysis (1981)Optimal fiscal and monetary policy in an economy without capital (1983)The Unstable EMS (1993)The Gold Standard as a “Good Housekeeping Seal of Approval” (1996)The Optimal Level of International Reserves for Emerging Market Countries: A New Formula and Some Applications (2011)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Credit Rationing in Markets with Imperfect Information (1981)Corporate financing and investment decisions when firms have information that investors do not have (1984)Bank Insolvency: Bad Luck, Bad Policy, or Bad Banking? (1997)Financial Intermediation (2003)Technological Revolutions and Stock Prices (2009)An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money (1958)Myopia and Inconsistency in Dynamic Utility Maximization (1973)A Guide to Public Sector Debt and Deficits (1985)Servicing the Public Debt: The Role of Expectations* *I have greatly benefited from comments received at Johns Hopkins University, Georgetown University, the Macro Lunch Group of the University of Pennsylvania, MIT, and the Research Department of the International Monetary Fund. I am particularly indebted to Matt Canzoneri, Sara Guerschanik-Calvo, Joseph Harrington, Jr, Elhanan Helpman, Nissan Leviatan, Maury Obstfeld, Assaf Razin, Sweder van Wijnbergen and two anonymous referees. The research on this paper was partly done while I was a visiting scholar at the Research Department of the Internationed Monetary Fund, and it was partially funded by the National Science Foundation. However, any opinions expressed are entirely my own and not those of any of the above institutions. This paper has already been published in the The American Economic Review, 78, 4, September 1988, pp. 647–661. (1989)A Toolkit for Analysing Nonlinear Dynamic Stochastic Models Easily (2001)The Debt-Deflation Theory of Great Depressions (1933)The role of macroeconomic factors in growth (1993)The Science of Monetary Policy: A New Keynesian Perspective (1999)The Macroeconomic Effects of Inflation Targeting (2004)Securing Sustainable Price Stability: Should Credit Come Back from the Wilderness? (2007)Rules, discretion and reputation in a model of monetary policy (1983)The Optimal Degree of Commitment to an Intermediate Monetary Target (1985)Inflation targeting as a monetary policy rule (1999)Monetary Policy and Asset Price Volatility (2000)Should Central Banks Respond to Movements in Asset Prices? 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How Political Institutions Work (2003)A no-arbitrage vector autoregression of term structure dynamics with macroeconomic and latent variables (2003)The black swan: the impact of the highly improbable (2007)Credit Frictions and Optimal Monetary Policy (2009)Hedge Fund Contagion and Liquidity Shocks (2010)Rollover Risk and Credit Risk (2012)Understanding the Soft Budget Constraint (2003)Collective Moral Hazard, Maturity Mismatch, and Systemic Bailouts (2012)Monetary Policy as Financial Stability Regulation (2012)A neo-classical theory of keynesian unemployment (1976)Anatomy of a Financial Crisis (1991)Can banks individually create money out of nothing? — The theories and the empirical evidence (2014)
this work references cited by second hop

References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1873Lombard Street: A Description of the Money Market1,998 cited
  • 1997Inflation Targeting: A New Framework for Monetary Policy?1,233 cited
  • 1978On the Time Consistency of Optimal Policy in a Monetary Economy807 cited
  • 2017An Enquiry into the Nature and Effects of the Paper Credit of Great Britain617 cited
  • n.d.A Black Swan in the Money Market610 cited
  • 1985Sovereign Debt as a Contingent Claim: Excusable Default, Repudiation, and Reputation532 cited
  • 2001One Decade of Inflation Targeting in the World: What Do We Know and What Do We Need to Know?458 cited
  • 2011Monetary Policy Strategy: Lessons from the Crisis455 cited
  • 1990Asymmetric Information and Financial Crises: A Historical Perspective426 cited
  • 2011Over the Cliff: From the Subprime to the Global Financial Crisis400 cited
  • 1995The Gold Standard As a Rule: An Essay in Exploration383 cited
  • 1999Hedge Funds and the Collapse of Long-Term Capital Management270 cited
  • 2015Bailouts and Financial Fragility223 cited
  • 1994The Origins of Federal Deposit Insurance122 cited

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  • 2011Arresting Banking Panics: Federal Reserve Liquidity Provision and the Forgotten Panic of 1929105 cited
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    • 2016The Evolution of the Financial Stability Mandate25 cited