Bulletin n. 3/2011
February 2012
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • João Ricardo Faria, André Varella Mollick, Adolfo Sachsida, Le Wang
    Do central banks affect Tobin's q?
    in International Review of Economics and Finance , Volume 22, Issue 1 ,  2012 ,  1-10
    Previous work has documented inflation effects on Tobin's q in the long run. This paper examines whether the FED's different policies and chairmen tenure have an impact on Tobin's q, after a modified stylized AD-AS model shows that central banks affect q. We do find changing responses of q depending on the pre-Volcker and post-Volcker periods.
    ©2001 - 2020 - Centro Studi sul Federalismo - P. IVA 94067130016