Silvana Tenreyro

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    You have more chance of finding the house you want in the summer. But you’ll pay more for it.

You have more chance of finding the house you want in the summer. But you’ll pay more for it.

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For many of us, purchasing a house is one of the most important financial decisions that we will ever make. But does when we buy or sell a house matter? In new research, Silvana Tenreyro and Liwa R. Ngai find that housing markets are seasonal, with prices rising in the spring and summer, and declining in the fall and […]

U.S monetary policy is less powerful in recessions

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With immense pressure on public finances during the Great Recession restricting the use of fiscal policies, many governments have turned to monetary policy instruments to aid economic recovery. But how effective are these policies in times of recession?  Silvana Tenreyro and Gregory Thwaites find that changes in official interest rates have no discernible effect on the economy during recessions. In […]

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