Zobrazeno 1 - 10
of 21
pro vyhledávání: '"Villa, Alessandro T."'
Publikováno v:
In Review of Economic Dynamics December 2023 51:943-964
Publikováno v:
The RAND Journal of Economics, 2021 Jul 01. 52(2), 446-467.
Externí odkaz:
https://www.jstor.org/stable/45387237
Autor:
Valaitis, Vytautas1 (AUTHOR) v.valaitis@surrey.ac.uk, Villa, Alessandro T.2 (AUTHOR) alessandro.villa@chi.frb.org
Publikováno v:
Quantitative Economics. Jan2024, Vol. 15 Issue 1, p145-173. 29p.
Akademický článek
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Adverse selection in procurement arises when low-cost bidders are also lowquality suppliers. We propose a mechanism called LoLA which, under some conditions, is the best incentive-compatible mechanism for maximizing either the seller's or the social
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::bc3495773d9988ed5d6d76285b061251
https://hdl.handle.net/10419/264335
https://hdl.handle.net/10419/264335
Autor:
Villa, Alessandro T.
Bank market power shapes firm investment and financing dynamics and hence affects the transmission of macroeconomic shocks. Motivated by a secular increase in the concentration of the US banking industry, I study bank market power through the lens of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::4bdfdd63662de713d58e925e67834c2f
https://hdl.handle.net/10419/267996
https://hdl.handle.net/10419/267996
In the wake of rising inflation in the aftermath of unprecedented debt financed stimulus packages, we ask: Can governments use real bonds (TIPS) as part of their debt portfolio to commit to stable inflation rates? We propose a novel framework of opti
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::406b5966f4cbf9bfbbbe67873336ec84
https://hdl.handle.net/10419/267978
https://hdl.handle.net/10419/267978
This paper develops a simulation-based solution method to solve large state space macrofinance models using machine learning. We use a neural network (NN) to approximate the expectations in the optimality conditions in the spirit of the stochastic pa
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::2a1904ad256e3c9e0618a231b8cdb3dc
https://hdl.handle.net/10419/264333
https://hdl.handle.net/10419/264333
We analyze optimal capital and labor taxes in a model where (i) the government makes noncontingent announcements about future policies and (ii) ex-post statecontingent deviations from these announcements are costly. With Full Commitment, optimal fisc
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::5b1dbb50346cd9b2602d8702f219db16
https://hdl.handle.net/10419/264334
https://hdl.handle.net/10419/264334
We revisit the relation between equity returns and financial leverage through the lens of a dynamic trade-off model with costly capital structure rebalancing. The model predicts that expected equity returns depend on whether a firm's leverage is abov
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::6c8e4b4e0efefddefae52813b17883fb
https://hdl.handle.net/10419/267997
https://hdl.handle.net/10419/267997