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Confrontés au problème de la trappe à liquidité, plusieurs pays industrialisés, dont les Etats- Unis, ont mis en oeuvre à partir de 2008 des mesures de Quantitative Easing (QE) afin d'améliorer les conditions de financement dans l'ensemble de l'économie. Bien qu'agissant principalement...
Persistent link: https://www.econbiz.de/10010821204
Global liquidity, which consists of both monetary liquidity (quantitative easing and traditional policies) and funding liquidity, follows specific dynamics. The importance of these dynamics is reflected by the growing interest in international policy fora in the economic efects and determinants...
Persistent link: https://www.econbiz.de/10010899663
This paper examines quantity-targeting monetary policy in a two-period economy with fiat money, endogenously incomplete markets of financial securities, durable goods and production. Short positions in financial assets and long-term loans are backed by collateral, the value of which depends on...
Persistent link: https://www.econbiz.de/10011025794
This paper examines the segregative properties of Tiebout-like endogenous processes of jurisdiction formation in presence of a competitive land market. In the model considered, a continuum of households with different wealth levels and the same preferences for local public goods, private...
Persistent link: https://www.econbiz.de/10009325711
that mobility plays in the behavior of prolific inventors, whom we identify based on the number of patents exceeding a … threshold of productivity. We examine mobility in two dimensions: from firm to firm (inter-firm) and from one technical field to … invention value, (2) inter-firm mobility is a consistently positive determinant of productivity and (3) technological mobility …
Persistent link: https://www.econbiz.de/10009401092
How much economic mobility is there across generations in a poor, primarily rural, economy? How much do … degree of mobility across generations, associated with the shift from farm to non-farm sectors and greater economic activity …
Persistent link: https://www.econbiz.de/10010738725
Profils rares, concurrents bien armés en termes d'attractivité... la bataille fait rage dans le secteur du jeu vidéo ! "Guerre des talents, crise de fidélité, comportement professionnel "zappeur", turnover...". Le contexte économique instable et fragile, rend les recrutements d'autant plus...
Persistent link: https://www.econbiz.de/10010820719
This paper investigates the combined impact of a first-mover advantage and of firms' limited mobility on the … development uncertainty and may enter by investing in lumpy capacity units. With perfect mobility, when the first entrant plays as … result is not robust to the introduction of firm-specific limited mobility constraints. If one firm is sufficiently less able …
Persistent link: https://www.econbiz.de/10008790627
then used to explain the length of an individual unemployment spell. This flexible method of estimation accounts for both …
Persistent link: https://www.econbiz.de/10008791548
The aim of this research was twofold: firstly to highlight how the current “hybridisation” of the academic and industrial rationales exerts its influence over the new production of young scientists; secondly to compare, between five OECD countries (USA, France, Great Britain, Japan and...
Persistent link: https://www.econbiz.de/10008791962