Institution
Federal Reserve System
Other•Washington D.C., District of Columbia, United States•
About: Federal Reserve System is a other organization based out in Washington D.C., District of Columbia, United States. It is known for research contribution in the topics: Monetary policy & Inflation. The organization has 2373 authors who have published 10301 publications receiving 511979 citations.
Topics: Monetary policy, Inflation, Interest rate, Market liquidity, Debt
Papers published on a yearly basis
Papers
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TL;DR: In this article, the authors explored factors that affect the adoption or intention to adopt three e-banking technologies and changes in these factors over time, and found that relative advantage, complexity/simplicity, compatibility, observability, risk tolerance, and product involvement are associated with adoption.
Abstract: Is there an electronic banking (e‐banking) revolution in the USA? Millions of Americans are currently using a variety of e‐banking technologies and millions more are expected to come “online.” However, millions of others have not or will not. This paper explores factors that affect the of adoption or intention to adopt three e‐banking technologies and changes in these factors over time. Using a Federal Reserve Board commissioned data set, the paper finds that relative advantage, complexity/simplicity, compatibility, observability, risk tolerance, and product involvement are associated with adoption. Income, assets, education, gender and marital status, and age also affect adoption. Adoption changed over time, but the impacts of other factors on adoption have not changed. Implications for both the banking industry and public policy are discussed.
513 citations
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European Central Bank1, Federal Reserve System2, National Bureau of Economic Research3, Government of Canada4, University of Palermo5, Organisation for Economic Co-operation and Development6, International Monetary Fund7, Sveriges Riksbank8, Bank of Canada9, Queen's University10, Directorate-General for Economic and Financial Affairs11
TL;DR: The authors assesses the effectiveness of temporary fiscal stimulus using seven structural models used heavily by policymaking institutions, and conclude that temporary stimulus is most effective if it has some persistence and if monetary policy accommodates it.
Abstract: The paper assesses, using seven structural models used heavily by policymaking institutions, the effectiveness of temporary fiscal stimulus. Models can, more easily than empirical studies, account for differences between fiscal instruments, for differences between structural characteristics of the economy, and for monetary-fiscal policy interactions. Findings are: (i) There is substantial agreement across models on the sizes of fiscal multipliers. (ii) The sizes of spending and targeted transfers multipliers are large. (iii) Fiscal policy is most effective if it has some persistence and if monetary policy accommodates it. (iv) The perception of permanent fiscal stimulus leads to significantly lower initial multipliers.
512 citations
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TL;DR: The authors analyzed the duration of bank relationships using a unique panel data set of listed firms and their banks from the bank-dominated Norwegian market and found that firms are more likely to leave a bank as the relationship matures.
509 citations
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TL;DR: This paper examined a variety of models in which the variance of a portfolio's excess return depends on a state variable generated by a first-order Markov process and found that the mean excess return moves inversely with the level of risk.
509 citations
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TL;DR: This paper reviewed the existing literature on the impact of bank concentration and competition on the performance of banks and summarized the main findings of the summarized papers in this special issue of the JMCB within the context of this actively active literature.
Abstract: The consolidation of banks around the world in recent years is intensifying
public policy debates on the influences of concentration and competition
on the performance of banks. In light of these developments, this
paper first reviews the existing literature on the impact of bank concentration
and competition. Second, the paper summarizes the main findings of the
papers in this special issue of the JMCB within the context of this
active literature. Finally, the paper suggests some directions for future
research.
507 citations
Authors
Showing all 2412 results
Name | H-index | Papers | Citations |
---|---|---|---|
Ross Levine | 122 | 398 | 108067 |
Francis X. Diebold | 110 | 368 | 74723 |
Kenneth Rogoff | 107 | 390 | 75971 |
Allen N. Berger | 106 | 382 | 65596 |
Frederic S. Mishkin | 100 | 372 | 34898 |
Thomas J. Sargent | 96 | 370 | 39224 |
Ben S. Bernanke | 96 | 446 | 76378 |
Stijn Claessens | 96 | 462 | 42743 |
Andrew K. Rose | 88 | 374 | 42605 |
Martin Eichenbaum | 87 | 234 | 37611 |
Lawrence J. Christiano | 85 | 253 | 37734 |
Jie Yang | 78 | 532 | 20004 |
James P. Smith | 78 | 372 | 23013 |
Glenn D. Rudebusch | 73 | 226 | 22035 |
Edward C. Prescott | 72 | 235 | 55508 |