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Articles 1 - 2 of 2
Full-Text Articles in Macroeconomics
The Impact Of Market Perception On Sovereign Default Risk In The European Union, Keith Pendergrast
The Impact Of Market Perception On Sovereign Default Risk In The European Union, Keith Pendergrast
Senior Honors Projects, 2010-2019
The recent debt crisis in the European Union has resulted in the differential treatment of Greece’s debt due in large part to market perception. This is evident in the large differences in credit default swap spreads between Greece and other periphery countries in Europe. The goal of this thesis is to explore the differential treatment, and determine the magnitude of this difference. In order to do this, a fixed effect regression is implemented to first determine that a difference exists. Then, a perception index is created in order to determine the magnitude of the market perception. Using these methods we …
The Effects Of Quantitative Easing In The United States: Implications For Future Central Bank Policy Makers, Matthew Q. Rubino
The Effects Of Quantitative Easing In The United States: Implications For Future Central Bank Policy Makers, Matthew Q. Rubino
Senior Honors Projects, 2010-2019
The purpose of this thesis is to examine the effects of the Federal Reserve’s recent bond buying programs, specifically Quantitative Easing 1, Quantitative Easing 2, Operation Twist (or the Fed’s Maturity Extension Program), and Quantitative Easing 3. In this study, I provide a picture of the economic landscape leading up to the deployment of the programs, an overview of quantitative easing including each program’s respective objectives, and how and why the Fed decided to implement the programs. Using empirical analysis, I measure each program’s effectiveness by applying four models including a yield curve model, an inflation model, a money supply …