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A Representative Consumer Theory of Distribution

Caselli, Francesco; Ventura, Jaume - London School of Economics and Political Science - 2000

This paper introduces various sources of consumer heterogeneity in one-sector representative consumer (RC) growth models and develops tools to study the evolution of the distribution of consumptions, assets and incomes.[...]

Persistent link: https://www.econbiz.de/10009305094

Banks’ Payments-Driven Revenues

Radecki, Lawrence J. - Federal Reserve Bank <New York, NY>; London School of … - 1999

now furnish material onsources of noninterest income and the amounts earned thatis much more detailed than the information … bankingindustry. This goal is served by taking a broad view of thepayments business and analyzing information provided bylarge bank … filed in regularreports to supervisors. This information is used to estimatethe size of the payments area.[...] …

Persistent link: https://www.econbiz.de/10005870063

Trade and the Skill Premium Puzzle with Capital Market Imperfections

Bonfatti, Roberto; Ghatak, Maitreesh - University <Oxford> / Department of Economics; London … - 2010

An interesting puzzle is that trade liberalization in the 1980s and 1990s has been associated with a sharp increase in the skill premium in both developed and developing countries.This is in contrast with neoclassical theory, according to which trade should increase therelative return of the...

Persistent link: https://www.econbiz.de/10008860714

Repayment Frequency in Micro nance Contracts with Present-Biased Borrowers

Fischer, Greg; Ghatak, Maitreesh - London School of Economics and Political Science - 2010

This paper analyzes the theoretical underpinnings of high-frequency repayment, a featurein nearly all microfinance contracts that has been largely overlooked by theorists. The pervasive belief among practitioners that frequent repayment is critical in achieving high repaymentrates is puzzling....

Persistent link: https://www.econbiz.de/10008860716

Entrepreneurial talent, occupational choice, and trickle up policies

Ghatak, Maitreesh; Morelli, Massimo; Sjöström, Tomas - London School of Economics and Political Science; Ohio …; … - 2006

subject to private information. Untalented entrepreneurs depress the returns to entrepreneurshipbecause of adverse selection …

Persistent link: https://www.econbiz.de/10008860726

CREDIT AND GROWTH UNDER LIMITED COMMITMENT

AZARIADIS, COSTAS; Kaas, Leo - London School of Economics and Political Science - 2008

We consider a linear growth model with idiosyncratic productivity shocks in whichproducers cannot commit to repay their loans. Borrowing constraints are determinedendogenously by the borrowers’ incentives to repay, assuming that defaulters lose a shareof output and are excluded from future...

Persistent link: https://www.econbiz.de/10009138462

Estimating the Peace Dividend: The impact of violence on house prices in Northern Ireland

Besley, Timothy; Müller, Hannes - London School of Economics and Political Science - 2009

This paper exploits data on the pattern of violence across regionsand over time to estimate the impact of the peace process in NorthernIreland on house prices. We begin with a linear model that estimatesthe average treatment effect of a conflict-related killing on house prices-showing a negative...

Persistent link: https://www.econbiz.de/10009138507

Intentions to participate in adolescent Training Programs: Evidence from Uganda

Bandiera, Oriana; Gulesci, Selim; Burgess, Robin; … - London School of Economics and Political Science - 2009

Almost one third of the population in developing countries is under age 15. Hence improvingthe effectiveness of policy interventions that target adolescents might be especiallyimportant. We analyze the intention to participate in training programs of adolescent girlsin Uganda, a country with...

Persistent link: https://www.econbiz.de/10009248836

Supervisory Information and the Frequency of Bank Examinations

Hirtle, Beverly J.; López, José A. - Federal Reserve Bank <New York, NY>; London School of … - 1999

length of time between bank examinations affects thequality of information available to supervisors. For thesepurposes, we … define the quality of information in terms ofhow accurately the information from a prior examinationreflects the current … condition of a bank. Our analysisassumes that examination information incorporates twotypes of data: information available from …

Persistent link: https://www.econbiz.de/10005870064

Optimal commitment policy under noisy information

Aoki, Kosuke - London School of Economics and Political Science - 2005

, if current policy turns outto be too expansionary (contractionary) because of the bank’s information problem …

Persistent link: https://www.econbiz.de/10005870372

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