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State Dependence of Monetary Policy Across Business, Credit and Interest Rate Cycles
(Private Enterprise Research Center, Texas A&M University, 2020-04-28)
In this paper, PERC Professor Sarah Zubairy, along with co-authors Sami Alpanda and Eleonora Granziera study how phases of the business, credit and interest rate cycles affect the transmission of monetary policy using ...
Homeownership and Housing Transitions: Explaining the Demographic Composition
(Private Enterprise Research Center, Texas A&M University, 2019-06-03)
The homeownership rate was relatively stable for the few decades preceding 1995, followed by a large increase between 1995-2005 and a subsequent decline over the next ten years. Authors Eunseong Ma and Sarah Zubairy document ...
Public Pension Reforms and Fiscal Foresight: Narrative Evidence and Aggregate Implications
(Private Enterprise Research Center, Texas A&M University, 2020-06-29)
With aging societies, policymakers have increasingly focused on pension retrenchment reforms in recent years to keep their pension systems solvent. PERC Professor Sarah Zubairy and co-author Huixin Bi explore the evolution ...
Household Debt Overhang and Transmission of Monetary Policy
(Private Enterprise Research Center, Texas A&M University, 2018-08-27)
Monetary policy was used during the Great Recession to stimulate the U.S. economy, but were its effects dependent on prevailing levels of high household debt? In working paper 1806, PERC Professor Sarah Zubairy and coauthor ...