Narrow search
Showing 1 - 10 of 597
Cover Image
A Theory of Labor Markets with Inefficient Turnover
Blanco, Andres; Drenik, Andres; Moser, Christian; … - National Bureau of Economic Research - 2024
We develop a theory of labor markets with four features: search frictions, worker productivity shocks, wage rigidity, and two-sided lack of commitment. Inefficient job separations occur in the form of endogenous quits and layoffs that are unilaterally initiated whenever a worker's...
Persistent link: https://www.econbiz.de/10014544688
Cover Image
Labor Misallocation Across Firms and Regions
Heise, Sebastian; Porzio, Tommaso - National Bureau of Economic Research - 2022
We develop a frictional labor market model with multiple regions and heterogeneous firms to study how frictions impeding labor mobility across space affect the joint allocation of labor across firms and regions. Bringing the model to matched employer-employee data from Germany, we find that...
Persistent link: https://www.econbiz.de/10013334515
Cover Image
What about Japan?
Chien, YiLi; Cole, Harold L.; Lustig, Hanno - National Bureau of Economic Research - 2023
Japan's low-rate policies on its government and households. Because of the duration mismatch on the government balance sheet …
Persistent link: https://www.econbiz.de/10014436981
Cover Image
Do financial experts on audit committees matter for bank insolvency risk-taking? The monitoring role of bank regulation and ethical policy
García-Sánchez, Isabel-María; García-Meca, Emma; … - In: Journal of business research : JBR 76 (2017), pp. 52-66
Persistent link: https://www.econbiz.de/10011712552
Cover Image
Female directors, capital structure, and financial distress
García Martín, C. José; Herrero, Begoña - In: Journal of business research : JBR 136 (2021), pp. 592-601
Persistent link: https://www.econbiz.de/10012663233
Cover Image
U.S. Liquid Government Liabilities and Emerging Market Capital Flows
Lee, Soyean; Engel, Charles - National Bureau of Economic Research - 2024
tightening. We offer new evidence to confirm these findings, and then propose a theory based on the liquidity of U.S. government … liabilities held by the public. We hypothesize that QE, by increasing liquidity, offers greater flexibility for investors that … investments in illiquid loans to emerging markets. The effect of increasing the liquidity of U.S. government liabilities on …
Persistent link: https://www.econbiz.de/10014576601
Cover Image
Helicopter Drops and Liquidity Traps
Amador, Manuel; Bianchi, Javier - National Bureau of Economic Research - 2023
drops can be a useful stabilization tool during a liquidity trap. With commitment, even with balance sheet constraints …
Persistent link: https://www.econbiz.de/10014247967
Cover Image
Liquidity Dependence and the Waxing and Waning of Central Bank Balance Sheets
Acharya, Viral V.; Chauhan, Rahul S.; Rajan, Raghuram Govind - National Bureau of Economic Research - 2023
in 2017, there was no commensurate shrinkage of these claims on liquidity. Consequently, the financial sector was left … more sensitive to potential liquidity shocks, with weaker-capitalized banks most exposed. This necessitated Fed liquidity … provision in September 2019 and again in March 2020. Liquidity-risk-exposed banks suffered the most drawdowns and the largest …
Persistent link: https://www.econbiz.de/10014247971
Cover Image
The Impacts of Crises on the Trilemma Configurations
Aizenman, Joshua; Chinn, Menzie David; Itō, Hiro - National Bureau of Economic Research - 2022
important policy instrument, insuring against liquidity shortages. We find that countries' policy mixes are diverse, and have …
Persistent link: https://www.econbiz.de/10013362059
Cover Image
Interactions Between Monetary and Fiscal Policy : How Monetary Conditions Affect Fiscal Consolidation
Ahrend, Rudiger - 2006
This paper assesses how and in what circumstances, fiscal consolidations are affected by monetary conditions, using data covering 24 OECD countries over the past 25 years, Focusing on fiscal consolidation “episodes”, it is found that these tend to occur when large budget deficits threaten...
Persistent link: https://www.econbiz.de/10012444085