Showing 1 - 10 of 70
Individuals, endowments and trusts face uncertain lifetimes. When the planning horizon of an entity is stochastic and Pareto distributed, hyperbolic discounting and time-varying consumption rates are optimal. We derive expressions for the optimal rate of consumption (draw-down) from wealth for...
Persistent link: https://www.econbiz.de/10010607778
Expanded public availability of U.S. banking data has prompted a need to reexamine end-of-quarter window dressing. We find substantial heterogeneity in the pattern of window dressing across banks and products, not all of which can be explained as customerinitiated, and some of which is...
Persistent link: https://www.econbiz.de/10010860353
This paper arms central bank policy makers with ways to think about interactions between financial stability and monetary policy. We frame the issue of whether to integrate financial stability into monetary policy operating rules by appealing to the observation that in actual economies financial...
Persistent link: https://www.econbiz.de/10011031838
, large business enterprises: namely, creating an environment of open and fair competition for all positions within the …
Persistent link: https://www.econbiz.de/10005030304
India has a federal system of governance with both the state or provincial and the Central governments responsible for … variations in economic conditions in turn. It is in this context, this paper examines whether governments in India within a … indicate that Government in India within a federal framework has mechanisms that foster development equitably across its states …
Persistent link: https://www.econbiz.de/10004980468
Derived from livelihoods surveys and ethnographic material about people living on the chars, or river islands, in deltaic lower Bengal, this paper illustrates the complex, diverse and ingenious ways that the poor manage money. These islands constitute some of the most vulnerable locations...
Persistent link: https://www.econbiz.de/10011201578
such volatility for India. It provides results on the determinants of inflation volatility and expected inflation …
Persistent link: https://www.econbiz.de/10011201603
decisions of households, and regional and ethnic factors on patterns of household level fertility in India. These have helped … determine the composition of India's young (aged 9 to 34) today. Demographic transition is well underway in India with rising … across various groups in India. …
Persistent link: https://www.econbiz.de/10010762616
India suffered humiliations in terms of balance of payments crises in 1991 but since then it has weathered all crises … deficits. It is in this context that an analysis of fiscal and debt problems of India is timely and assumes importance. The … paper delves upon fiscal exuberance and debt management practices in India, the budgetary allocations, changing structure of …
Persistent link: https://www.econbiz.de/10010762617
This paper underscores the substantial spatial disparities across India and evaluates the case for putting together … predictability needed to ensure that India's state driven growth blossoms and attains full fruition. …
Persistent link: https://www.econbiz.de/10010762618