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3 posts

Testing Greenspan’s ‘Spare Tire’ Hypothesis: Benefits of Shareholder Protection Laws during Banking Crises

May 18th, 2015 - Laura Bowen

Firm-level data across 36 countries suggests that shareholder protection laws do mitigate the adverse consequences of banking crises by allowing stock markets to act as an alternative source of financing. More »

Scaling Back Quantitative Easing: Domestic Recovery at a Foreign Cost

June 26th, 2014 - Laura Bowen

Federal Reserve announcements about “tapering,” or reducing the level of quantitative easing, had significant negative impacts on financial asset prices in otherwise robust emerging market economies. More »

Measuring Economic Policy Uncertainty: A Study Analysis

December 17th, 2013 - Eric Tawney

A subject of debate: is economic policy uncertainty holding back a stronger post-Great Recession recovery? More »