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Fiscal contralization : theory and evidence from the Great Depression

Coen-Pirani, Daniele; Wooley, Michael - In: American economic journal : a journal of the American … 10 (2018) 2, pp. 39-61

Persistent link: https://www.econbiz.de/10011865533

The collateral composition channel

Boissay, Frédéric; Cooper, Russell W. - In: American economic journal : a journal of the American … 12 (2020) 1, pp. 41-75

Persistent link: https://www.econbiz.de/10012173911

Measuring the environmental benefits of wind-generated electricity

Cullen, Joseph - In: American economic journal : a journal of the American … 5 (2013) 4, pp. 107-133

Persistent link: https://www.econbiz.de/10010237643

Distributive politics and electoral incentives : evidence from seven US state legislatures

Aidt, Toke; Shvets, Julia - In: American economic journal : a journal of the American … 4 (2012) 3, pp. 1-29

Persistent link: https://www.econbiz.de/10009581263

Inferring carbon abatement costs in electricity markets : a revealed preference approach using the shale revolution

Cullen, Joseph; Mansur, Erin - In: American economic journal : a journal of the American … 9 (2017) 3, pp. 106-133

Persistent link: https://www.econbiz.de/10011713567

Reforming the Euro Pragmatically : Towards Sustainable Fiscal Policy and a Revamped Eurosystem

Oksanen, Heikki - 2019

The conflicting standpoints on reforming the euro are creating more controversies than practical results. Mistrust …, reforming the euro successfully calls for a convincing high-level commitment to preserve the euro also in unexpected …

Persistent link: https://www.econbiz.de/10012860367

Sustainability and Solvency of Government Finances Under the Euro : Illustrations and Policy Options

Oksanen, Heikki - 2020

In this paper, sound public finances under the euro means sustainability in the long term instead of short- and medium …-term fiscal discipline. The challenges to sustainability are identified for the four largest euro area member states, and several … resort for a euro area government under liquidity shortage to prevent it from developing into a general financial crisis …

Persistent link: https://www.econbiz.de/10012829317

In search for yield? New survey-based evidence on bank risk taking

Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2011

There is growing consensus that the conduct of monetary policy can have an impact on financial and economic stability through the risk-taking incentives of banks. Falling interest rates might induce a 'search for yield' and generate incentives to invest into risky activities. This paper provides...

Persistent link: https://www.econbiz.de/10010274819

Macroeconomic factors and micro-level bank risk

Buch, Claudia M.; Eickmeier, Sandra; Prieto, Esteban - 2010

The interplay between banks and the macroeconomy is of key importance for financial and economic stability. We analyze this link using a factor-augmented vector autoregressive model (FAVAR) which extends a standard VAR for the U.S. macroeconomy. The model includes GDP growth, inflation, the...

Persistent link: https://www.econbiz.de/10010274932

Distributive politics and electoral incentives: Evidence from seven US state legislatures

Aidt, Toke; Shvets, Julia - 2011

We study the effect of electoral incentives on the allocation of public services across legislative districts. We develop a model in which elections encourage individual legislators to cater to parochial interests and thus aggravate the common pool problem. Using unique data from seven US...

Persistent link: https://www.econbiz.de/10010274967