Zobrazeno 1 - 10
of 34
pro vyhledávání: '"John C. Driscoll"'
Publikováno v:
Finance and Economics Discussion Series. 2021:1-43
Has information technology improved small businesses' access to credit by hardening the information used in loan underwriting and reducing the importance of proximity to lenders? Previous research, pointing to increasing average lending distances, su
Autor:
John C. Driscoll, Robert M. Adams
Publikováno v:
FEDS Notes. 2018
In this note, we decompose growth into that related to mergers and acquisitions (M&A) and to all other sources; discuss factors that have affected growth and consolidation; describe our data sources and methodology; and present results.
Autor:
Luca Guerrieri, Albert Queraltó, John C. Driscoll, Jae Sim, Matteo Iacoviello, Francisco Covas, Mohammad R. Jahan-Parvar, Michael T. Kiley
Publikováno v:
Finance and Economics Discussion Series. 2015:1-51
The macro spillover effects of capital shortfalls in the financial intermediation sector are compared across five dynamic equilibrium models for policy analysis. Although all the models considered share antecedents and a methodological core, each mod
Autor:
John C. Driscoll, Steinar Holden
Publikováno v:
Journal of Macroeconomics. 41:133-147
Over the past 20 years, macroeconomists have incorporated more and more results from behavioral economics into their models. We argue that doing so has helped fixed deficiencies with standard approaches to modeling the economy--for example, the count
Autor:
Francisco Covas, John C. Driscoll
Publikováno v:
Finance and Economics Discussion Series. 2014:1-37
We develop a nonlinear dynamic general equilibrium model with a banking sector and use it to study the macroeconomic impact of introducing a minimum liquidity standard for banks on top of existing capital adequacy requirements. The model generates a
Publikováno v:
SSRN Electronic Journal.
We examine the real effects of changes in bank mortgage loan underwriting standards by combining responses to the Federal Reserve’s Senior Loan Officer Opinion Survey, application information from the Home Mortgage Disclosure Act, and local housing
Publikováno v:
International Finance. 13:79-108
Taking the mean-variance portfolio model as a benchmark, we compute the optimally diversified portfolio for banks located in France, Germany, the U.K., and the U.S. under different assumptions about currency hedging. We compare these optimal portfoli
Publikováno v:
Journal of money, credit, and banking. 45(4)
We derive the first closed-form optimal refinancing rule: Refinance when the current mortgage interest rate falls below the original rate by at least 1ψ[ϕ+W(−exp(−ϕ))]. In this formula W(.) is the Lambert W-function, ψ=2(ρ+λ)σ,ϕ=1+ψ(ρ+
Autor:
Steinar Holden, John C. Driscoll
Publikováno v:
Journal of the European Economic Association. 2:240-251
We argue that peoples’ concern for fairness may explain an unsolved puzzle in macroeconomics: the persistence of ine ation. We extend a 1990 wage-contracting model of Bhaskar in which workers’ disutility from being paid less than other workers ex
Autor:
John C. Driscoll
Publikováno v:
Journal of Monetary Economics. 51:451-471
This paper uses a panel of state-level data to test whether changes in bank loan supply affect output. Since the U.S. states are small open economies with fixed exchange rates, state-specific shocks to money demand are automatically accommodated, lea