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The Signalling Channel of Central Bank Interventions: Modelling the Yen / US Dollar Exchange Rate

Chen, Yu-Fu; Funke, Michael; Glanemann, Nicole - CESifo - 2011

This paper presents a theoretical framework analysing the signalling channel of exchange rate interventions as an … theoretical premise of the model is that interventions convey signals that communicate information about the exchange rate … objectives of central bank. The model is used to analyse the impact of Japanese FX interventions during the period 1999 -2011 on …

Persistent link: https://www.econbiz.de/10009324091

Leaders as Role Models for the Voluntary Provision of Public Goods

Gaechter, Simon; Renner, Elke - CESifo - 2014

We investigate the link between leadership, beliefs and pro-social behavior. This link is interesting because field evidence suggests that people’s behavior in domains like charitable giving, tax evasion, corporate culture and corruption is influenced by leaders (CEOs, politicians) and beliefs...

Persistent link: https://www.econbiz.de/10010948862

Public Policy for Venture Capital

Keuschnigg, Christian; Nielsen, Søren Bo - CESifo - 2001

This paper proposes a simple partial equilibrium model to investigate the effects of government policy on venture capital backed investments. Giving up an alternative career, entrepreneurs focus their effort on a single, high risk venture each. Venture capitalists acquire an equity stake and...

Persistent link: https://www.econbiz.de/10005765815

Public Policy for Start-up Entrepreneurship with Venture Capital and Bank Finance

Keuschnigg, Christian; Nielsen, Søren Bo - CESifo - 2003

This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially inexperienced and can benefit from venture capital support. Only part of them succeed in matching with a venture capitalist while the rest must resort to standard bank finance. We consider...

Persistent link: https://www.econbiz.de/10005766013

Public Policy and Venture Capital Backed Innovation

Keuschnigg, Christian - CESifo - 2003

This paper discusses the role of public policy towards the venture capital industry. The model emphasizes four margins: supply of entrepreneurs due to career choice, entry of venture capital funds and search for investment opportunities, entrepreneurial effort and venture capital advice during...

Persistent link: https://www.econbiz.de/10005766108

Behavioral and Experimental Economics Can Inform Public Policy: Some Thoughts

Riedl, Arno - CESifo - 2009

Experimental and behavioral economics are well established branches in the economic science. This essay presents and discusses some results and behavioral regularities from these fields which are of potential importance for public policy. After a brief introduction of what experimental and...

Persistent link: https://www.econbiz.de/10008533977

Policy-induced Internal Migration: An Empirical Investigation of the Canadian Case

Day, Kathleen M.; Winer, Stanley L. - CESifo - 2005

We investigate the influence of public policy on interprovincial migration in Canada using new aggregated migration data for 1974-1996, the longest period studied so far. We consider the consequences of regional variation in a variety of policies, and also investigate the effects of certain...

Persistent link: https://www.econbiz.de/10005094353

Growth, Longevity and Public Policy

Ponthiere, Gregory - CESifo - 2006

This paper studies the optimal long-run public intervention in a two-period OLG model where the probability of surviving the first period and the length of the second period can be influenced by distinct policies. While the optimal size of public intervention depends on the extra-productivity of...

Persistent link: https://www.econbiz.de/10005181649