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Recursos bibliográficos en papel y digitales -
- libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado: 4 registros
| Registro 1 de 4 | |
| Autor: | Caplin, Andrew - Leahy, John - |
| Título: | Monetary Policy as a Process of Search |
| Fuente: | American Economic Review. v.86, n.4. American Economic Association |
| Páginas: | pp. 689-702 |
| Año: | Sept. 1996 |
| Resumen: | Monetary policymakers are uncertain about the state of the economy and learn from the economy’s reaction to policy. Private agents, however, anticipate any systematic attempt to incorporate this information into future policy. The authors analyze this feedback in the context of a monetary authority’s attempt to stimulate an economy in recession. They show that modest stimuli may prove ineffectual. If small reductions in interest rates are unlikely to promote a response, then they may be followed by further cuts. A vicious circle develops in which the expectation that the policy could fail leads investors to delay investment, thereby promoting failure. |
| Solicitar por: | HEMEROTECA A + datos de Fuente |
| Registro 2 de 4 | |
| Autor: | Caplin, Andrew - Leahy, John - |
| Título: | Trading Costs, Price, and Volume in Asset Markets |
| Fuente: | American Economic Review. v.86, n.2. American Economic Association |
| Páginas: | pp. 192-96 |
| Año: | May 1996 |
| Solicitar por: | HEMEROTECA A + datos de Fuente |
| Registro 3 de 4 | |
| Autor: | Caplin, Andrew - Leahy, John - |
| Título: | Business as Usual, Market Crashes, and Wisdom after the Fact |
| Fuente: | American Economic Review. v.84, n.3. American Economic Association |
| Páginas: | pp. 548-65 |
| Año: | June 1994 |
| Resumen: | The authors present a three-stage model of market dynamics. In the first stage, routine behavior tends to keep information of common interest trapped in private hands. In the second stage, private information reaches a threshold that triggers some agents to alter their behavior; these actions release information to the market. The final stage involves the market’s response to this news as other participants react to the initial departure from routine behavior. The authors present an application to industry investment. They also outline applications to the international debt crisis, to bank runs, and to political upheavals. |
| Solicitar por: | HEMEROTECA A + datos de Fuente |
| Registro 4 de 4 | |
| Autor: | Caplin, Andrew - Nalebuff, Barry - |
| Título: | Individuals and Institutions |
| Fuente: | American Economic Review. v.82, n.2. American Economic Association |
| Páginas: | pp. 317-22 |
| Año: | May 1992 |
| Solicitar por: | HEMEROTECA A + datos de Fuente |
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