Essential concepts necessary to consider when evaluating the efficacy of quantitative easing

BH Putnam - Review of financial economics, 2013 - Elsevier
The economic impact from quantitative easing (QE) may be much less than assumed by the
Federal Reserve. One focus is on the effectiveness of QE to stabilize a failing banking system…

Exchange rate stability and monetary policy

BH Putnam, JR Woodbury - Review of Financial Economics, 1979 - search.proquest.com
The relationship between monetary policy and exchange rate stability is a critical point of
debate for both public policy and economic theory. This paper develops a simple model of the …

Money, income, and causality in the United States and the United Kingdom: A theoretical explanation of different findings

BH Putnam, DS Wilford - The American Economic Review, 1978 - JSTOR
In an article in this Review, Christopher Sims presented an innovative statistical technique
to determine the direction of causality, then applied this methodology to money and nominal …

[PDF][PDF] Thoughts on investment guidelines for institutions with special liquidity and capital preservation requirements

BH Putnam - Risk Management for Central Bank Foreign …, 2004 - researchgate.net
Management of foreign reserves must weigh the needs of liquidity and capital preservation
during difficult market environments. Dividing foreign reserves into two sections,“liquid” and “…

Money demand and foreign exchange risk: the German case, 1972-1976

MA Akhtar, BH Putnam - The Journal of Finance, 1980 - JSTOR
THE OPTIMAL LEVEL OF domestic money balances may vary according to different degrees
of uncertainty concerning the foreign exchange value of the domestic money. That is, in …

Fiscal Constraints, Domestic Credit, and International Reserve Flows in the United Kingdom, 1952-71: Note

MA Akhtar, BH Putnam, DS Wilford - Journal of Money, Credit and Banking, 1979 - JSTOR
This paper examines the impact of fiscal constraints on monetary policy in the United Kingdom
within the context of the monetary approach to the balance of payments. According to that …

Mean-Variance Optimal Portfolio Models and the Inappropriateness of the Assumption of a Time-Stable Variance-Covariance Matrix

BH Putnam, JM Quintana - Review of Financial Economics, 1991 - search.proquest.com
Risk-return models based on mean-variance analysis are widely applied to optimal portfolio
allocation, options pricing, and corporate valuation. In the application of mean-variance …

Evolving dynamics of the relationship between US core inflation and unemployment

BH Putnam, S Azzarello - Review of Financial Economics, 2015 - Elsevier
Labor market dynamics in the US are changing due to long-term factors including decelerating
labor force growth, rising age of the labor force, and the rapid advance of e-commerce, as …

A short note on the concept of risk management and VaR for asset management firms

BH Putnam, D Sykes Wilford… - Review of Financial …, 2002 - Wiley Online Library
Value at risk (VaR) is now the most commonly cited risk management tool for asset managers
to utilize. Specialized tools are used for particular types of management problems, usually …

International reserve flows: seemingly unrelated regressions

BH Putnam, DS Wilford - Review of World Economics, 1978 - Springer
… money demand and the specified explanatory variables (Y, P, and i), then regression equation
(6) might yield positive, negative, or even zero coefficients with respect to ga and (D/H) gD…