Zobrazeno 1 - 10
of 4 349
pro vyhledávání: '"jel:E44"'
Publikováno v:
Journal of the European Economic Association.
When financial contracts are not fully enforceable and firms observe their own nominal sales before the observation of the aggregate nominal price, the optimal financial contract is not fully indexed to inflation. Because of the limited nominal index
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::239f584b73b057d06631d2db79365307
https://doi.org/10.1093/jeea/jvad029
https://doi.org/10.1093/jeea/jvad029
We study the importance of financial markets for (un)employment fluctuations in a model with searching and matching frictions where firms issue debt under limited enforcement. Higher debt allows employers to bargain lower wages which in turn increase
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::4a67eecc4354e5b80cb925fcdfdc95ad
https://hdl.handle.net/11565/4053266
https://hdl.handle.net/11565/4053266
Autor:
Britta Niehof, Bernd Hayo
Publikováno v:
SSRN Electronic Journal.
To analyse the interdependence between monetary and fiscal policy during a financial crisis, we develop an open-economy DSGE model with monetary and fiscal policy as well as financial markets in a continuous-time framework based on stochastic differe
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::244a9997e253d1ba61d87482071715e6
https://doi.org/10.2139/ssrn.4372554
https://doi.org/10.2139/ssrn.4372554
Autor:
Bowe, Frida, Kirkeby, Sara J., Lindalen, Ingvild H., Matsen, Kristine A., Meyer, Sara S., Robstad, Ørjan
This paper presents a framework for quantifying uncertainty around point forecasts for GDP, inflation and house prices in Norway. The framework combines quantile regressions using a broad set of uncertainty indicators with a skewed t-distribution, al
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::ca2744327eaa665a5ecc4640b8528e74
https://hdl.handle.net/11250/3073130
https://hdl.handle.net/11250/3073130
Autor:
Stefan Notz, Peter Rosenkranz
Publikováno v:
International Review of Economics & Finance. 76:424-450
Understanding differences in business cycle phenomena between Emerging Market Economies (EMEs) and industrialized countries has been at the center of recent research on macroeconomic fluctuations. The purpose of this paper is to investigate the impor
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::dd165032571e2b3738d6ca6e54f9a56f
https://doi.org/10.1016/j.iref.2021.04.010
https://doi.org/10.1016/j.iref.2021.04.010
Publikováno v:
Journal of Money, Credit and Banking.
This paper augments a relatively standard dynamic general equilibrium model with financial frictions in order to quantify the macroeconomic effects of the credit deepening process observed in many Latin American (LA) countries in the last decade, mos
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::1c7ad3226d8eca3a43bfd6c48822cfca
https://doi.org/10.1111/jmcb.12936
https://doi.org/10.1111/jmcb.12936
Publikováno v:
Journal of Regulatory Economics. 60:167-192
The effects of capital requirements on risk-taking and welfare are studied in an overlapping generations model of endogenous growth with banking, limited liability, and government guarantees. Capital producers face a choice between a safe technology
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f260bd68abad37b92fa379722ed3867d
https://doi.org/10.1007/s11149-021-09438-z
https://doi.org/10.1007/s11149-021-09438-z
Publikováno v:
The Review of Economic Studies. 88:126-161
What is the aggregate and distributional impact of microfinance? To answer this question, we develop a quantitative macroeconomic framework of entrepreneurship and financial frictions in which microfinance is modelled as guaranteed small-size loans.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f11d4328fc2285db997758100598c5c5
https://doi.org/10.1093/restud/rdaa047
https://doi.org/10.1093/restud/rdaa047
Autor:
Frederic Malherbe
Publikováno v:
American Economic Journal: Macroeconomics. 12:139-174
I study economies where banks do not fully internalize the social costs of default, which distorts their lending decisions. In all these economies, a common general equilibrium effect leads to aggregate over-investment. As a result, under laissez-fai
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0d6903f7a6cb23120667247e286124dd
https://doi.org/10.1257/mac.20160140
https://doi.org/10.1257/mac.20160140
In a parsimonious regime switching model, we find strong evidence that expected consumption growth varies over time. Adding inflation as a second variable, we uncover two states in which expected consumption growth is low, one with high and one with
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::f6baa7ac448af1980ce11583f9c9d92d
http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/61999
http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/61999