Stephen D Williamson
Biographic Data
| ID | 5867590 |
|---|---|
| NAME | Stephen D Williamson |
| GIVEN NAMES | Stephen D |
| FAMILY NAME | Williamson |
| SIGNATURE | WILLIAMSON S D |
| AFFILIATIONS | Western University |
| ORCID | 0009-0007-4677-1803 |
| VERIFIED | Yes |
| TOTAL WORKS | 3 |
| TOTAL CITATIONS | 9 |
| WORKS AS AUTHOR | 3 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1987 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 2 |
Central Bank Digital Currency
A model of multiple means of payment is constructed to analyze the effects of the introduction of central bank digital currency (CBDC). The introduction of CBDC has three beneficial effects. It mitigates crime associated with physical currency, permits the payment of interest on a key central bank liability, and economizes on scarce safe collateral. CBDC admits another instrument of monetary policy, but may require that the central bank take on p…
The Role of Central Banks
The origins of central banking, in general, are examined, along with the specific origins of the Bank of Canada. A general policy framework is set out, in terms of goals, policy rules, and implementation, and the Bank of Canada’s inflation targeting framework is evaluated. Alternatives to inflation targeting are considered, including price-level targeting, inflation averaging, nominal gross domestic product targeting, and a dual mandate. Monetary…
Financial Intermediation, Business Failures, and Real Business Cycles
In this paper, a general-equilibrium business- cycle model is construct ed that, when subjected to real disturbances, mimics observed qualita tive comovements among real output, money, business failures, risk pr emia, intermediary loans, and prices. In contrast, monetary disturban ces generate cycles that have several inconsistencies with empirical evidence, thus providing support for real business-cycle theory at th e expense of monetary theorie…
Financial Intermediation, Business Failures, and Real Business Cycles
In this paper, a general-equilibrium business- cycle model is construct ed that, when subjected to real disturbances, mimics observed qualita tive comovements among real output, money, business failures, risk pr emia, intermediary loans, and prices. In contrast, monetary disturban ces generate cycles that have several inconsistencies with empirical evidence, thus providing support for real business-cycle theory at th e expense of monetary theorie…
The Role of Central Banks
The origins of central banking, in general, are examined, along with the specific origins of the Bank of Canada. A general policy framework is set out, in terms of goals, policy rules, and implementation, and the Bank of Canada’s inflation targeting framework is evaluated. Alternatives to inflation targeting are considered, including price-level targeting, inflation averaging, nominal gross domestic product targeting, and a dual mandate. Monetary…
Financial Intermediation, Business Failures, and Real Business Cycles
In this paper, a general-equilibrium business- cycle model is construct ed that, when subjected to real disturbances, mimics observed qualita tive comovements among real output, money, business failures, risk pr emia, intermediary loans, and prices. In contrast, monetary disturban ces generate cycles that have several inconsistencies with empirical evidence, thus providing support for real business-cycle theory at th e expense of monetary theorie…
The Role of Central Banks
The origins of central banking, in general, are examined, along with the specific origins of the Bank of Canada. A general policy framework is set out, in terms of goals, policy rules, and implementation, and the Bank of Canada’s inflation targeting framework is evaluated. Alternatives to inflation targeting are considered, including price-level targeting, inflation averaging, nominal gross domestic product targeting, and a dual mandate. Monetary…
Central Bank Digital Currency
A model of multiple means of payment is constructed to analyze the effects of the introduction of central bank digital currency (CBDC). The introduction of CBDC has three beneficial effects. It mitigates crime associated with physical currency, permits the payment of interest on a key central bank liability, and economizes on scarce safe collateral. CBDC admits another instrument of monetary policy, but may require that the central bank take on p…
Economics (3 works) · Banking stability, regulation, efficiency (2 works) · Business (2 works) · Economic theories and models (2 works) · Economic Theory and Policy (2 works) · Finance (2 works) · Finance (2 works) · Financial system (2 works) · Monetary economics (2 works) · Monetary policy (2 works)