Federal Reserve Bank of St Louis Review最新文献_第3页

Government Assistance and Moral Hazard: Evidence from the Savings and Loan Crisis 政府援助与道德风险:来自储蓄和贷款危机的证据

IF 1.7 4区经济学

Federal Reserve Bank of St Louis Review Pub Date : 2022-08-11 DOI: 10.18651/er/v107n3sharma

Padma Sharma

引用次数: 0

Climatological data set of circulation in the East China Sea 东海环流气候资料集

4区经济学

Federal Reserve Bank of St Louis Review Pub Date : 2022-07-19 DOI: 10.11922/sciencedb.00046

Hu Fang Hu Fang

引用次数: 0

Cutting-Edge Methods Did Not Improve Inflation Forecasting during the COVID-19 Pandemic 前沿方法并未改善COVID-19大流行期间的通胀预测

IF 1.7 4区经济学

Federal Reserve Bank of St Louis Review Pub Date : 2022-07-14 DOI: 10.18651/er/v107n3lusompasattiraju

Amaze Lusompa, S. Sattiraju

引用次数: 1

Evaluating Quantitative Easing: The Importance of Accounting for Forward Guidance 评估量化宽松:会计对前瞻性指引的重要性

IF 1.7 4区经济学

Federal Reserve Bank of St Louis Review Pub Date : 2022-06-30 DOI: 10.18651/er/v107n3bundicksmith

Brent H. Bundick, A. L. Smith

{"title":"Evaluating Quantitative Easing: The Importance of Accounting for Forward Guidance","authors":"Brent H. Bundick, A. L. Smith","doi":"10.18651/er/v107n3bundicksmith","DOIUrl":"https://doi.org/10.18651/er/v107n3bundicksmith","url":null,"abstract":"Brent Bundick is a senior research and policy advisor and A. Lee Smith is a vice president and economist at the Federal Reserve Bank of Kansas City. Logan Hotz, a research associate at the bank, helped prepare the article. This article is on the bank’s website at www.KansasCityFed.org On March 15, 2020, the Federal Open Market Committee (FOMC) lowered the federal funds rate—its primary policy tool—to its effective lower bound in response to the pandemic-induced contraction in economic activity. At the same time, the FOMC began engaging in large-scale asset purchases (LSAPs) and provided forward guidance about the future path of the funds rate. Both LSAPs and forward guidance are less conventional tools that the FOMC also deployed to combat the Great Recession of 2007–09. Although the Great Recession and pandemic crisis were driven by very different factors, policymakers in both periods looked to LSAPs and forward guidance to help stabilize financial markets and promote maximum employment and price stability. In theory, LSAPs support the economy by putting downward pressure on longer-term interest rates and improving the flow of credit to households and firms. However, policymakers and economists have yet to reach a consensus on how effective LSAPs are in providing accommodation and improving macroeconomic outcomes. One common approach to measuring the effectiveness of these tools is to study how financial markets respond to announced changes in LSAPs and forward guidance. But the market responses to these tools can be difficult to disentangle because announced changes in LSAPs often coincide with","PeriodicalId":51713,"journal":{"name":"Federal Reserve Bank of St Louis Review","volume":"22 1","pages":""},"PeriodicalIF":1.7,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82801565","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Increasing Brick-and-Mortar Efficiency of Community Banks 社区银行实体效率的提高

IF 1.7 4区经济学

Federal Reserve Bank of St Louis Review Pub Date : 2022-05-12 DOI: 10.18651/er/v107n2jacewitz

Stefan Jacewitz

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引用次数: 1

Monetary Policy and Intangible Investment 货币政策与无形投资

IF 1.7 4区经济学

Federal Reserve Bank of St Louis Review Pub Date : 2022-03-24 DOI: 10.18651/er/v107n2howesvonendebecker

Cooper Howes, Alice von Ende-Becker

引用次数: 1

Frischella perrara beta-fructofuranosidase Frischella狗β -果呋喃苷酶

4区经济学

Federal Reserve Bank of St Louis Review Pub Date : 2022-03-09 DOI: 10.2210/pdb7vco/pdb

T. Tonozuka

引用次数: 0

How Did Banks and Investors Respond to the 2020 Stress Test Results? 银行和投资者如何应对2020年压力测试结果?

IF 1.7 4区经济学

Federal Reserve Bank of St Louis Review Pub Date : 2022-02-03 DOI: 10.18651/er/v107n1marsh

By W. Blake Marsh

{"title":"How Did Banks and Investors Respond to the 2020 Stress Test Results?","authors":"By W. Blake Marsh","doi":"10.18651/er/v107n1marsh","DOIUrl":"https://doi.org/10.18651/er/v107n1marsh","url":null,"abstract":"W. Blake Marsh is a senior economist at the Federal Reserve Bank of Kansas City. This article is on the bank’s website at www.KansasCityFed.org The COVID-19 pandemic heightened investor, regulatory, and supervisory concerns about the U.S. banking system’s ability to survive a downturn. Both businesses and consumers pulled back on economic activity at the start of the health crisis, leading firm revenue to decline sharply amid fears of rapidly accelerating job losses, business closures, and lower household incomes. As a result, expectations that businesses and consumers would be unable to continue servicing their debt obligations increased. Investors and bank supervisors began bracing for significant losses at banks, which could threaten the stability of the broader financial system. Policymakers moved quickly to backstop financial markets while supervisors tried to ensure banks could withstand the anticipated loan losses. In June 2020, the Board of Governors of the Federal Reserve System took steps to preserve capital at large banks by capping dividend payments to shareholders and prohibiting common stock repurchases outright for some time. In doing so, supervisors looked to prevent banks from repeating behaviors observed during the 2007–09 global financial crisis (GFC). During that crisis, banks continued to pay dividends to shareholders while suffering sizable losses. Ultimately, those losses left many banks teetering on the edge of failure, and a federal bailout was required to keep the system afloat.","PeriodicalId":51713,"journal":{"name":"Federal Reserve Bank of St Louis Review","volume":"20 1","pages":""},"PeriodicalIF":1.7,"publicationDate":"2022-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72518191","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Chlamydomonas reinhardtii NADPH Dependent Thioredoxin Reductase 1 domain CS mutant 莱茵衣藻NADPH依赖性硫氧还蛋白还原酶1结构域CS突变体

4区经济学

Federal Reserve Bank of St Louis Review Pub Date : 2022-01-19 DOI: 10.2210/pdb7p9e/pdb

F. Fuesser, D. Kuemmel

引用次数: 0

Long-Term Pressures and Prospects for the U.S. Cattle Industry 美国养牛业的长期压力和前景

IF 1.7 4区经济学

Federal Reserve Bank of St Louis Review Pub Date : 2021-12-17 DOI: 10.18651/er/v107n1cowley

Cortney Cowley

引用次数: 1