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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
This paper has two main objectives. First, it computes capital flight (CF) through trade misinvoicing from India using … data from UNCOMTRADE, MIT Observatory of Economic Complexity and IMF E-library. India’s trade with 17 countries over the … least some of the failures of current macroeconomic policy in India could be attributed to CF. …
Persistent link: https://www.econbiz.de/10010904255
This article reviews key past trends in energy security from the perspective of both International Energy Agency members and the Asia Pacific over the past 30 years, and assesses future energy risks. Developments in energy efficiency, unconventional oil and gas, and stationary renewable energy...
Persistent link: https://www.econbiz.de/10010904354
Using Census and NSS data this paper studies the evolution of Gender Bias (GB) in the age group 0–6 in India and its … until 2026. The paper also demonstrates that there are wide variations in GB across various states, even districts, of India …
Persistent link: https://www.econbiz.de/10009318170
relation to household poverty status in India as evidenced by our analysis of Census data (1951–2001) and those from NSS … over the last three censuses of India there is considerable variation by space, by poverty status and by education of women … bias in education and argue that for approximately half of India's children the Right to Education Act must involve …
Persistent link: https://www.econbiz.de/10009364039
In a recent study, Jensen and Miller (2011) propose a new measure of undernutrition, based on a calorie share of staples threshold. Among the merits of this measure are that (i) it dispenses with calorie norms, and (ii) relies on a behavioural approach to estimate this threshold. What our...
Persistent link: https://www.econbiz.de/10009274826
Our study examines changes in diets over the period 1993-2004. Diets have shifted away from cereals towards higher consumption of fruits, vegetables, oils and livestock products. Using household data, reduced form demand relations are estimated for nine food commodities. Significant own and...
Persistent link: https://www.econbiz.de/10009274830