Showing 1 - 10 of 48
Recent literature on the design of optimal monetary policy has shown that deviations fromprice stability are small whenever prices are sticky. This paper reconsiders this issue byintroducing capital accumulation in the model. Optimal monetary policy in this setupimplies small deviations from...
Persistent link: https://www.econbiz.de/10009138466
Persistent link: https://www.econbiz.de/10002887003
Persistent link: https://www.econbiz.de/10001946539
The state is conceptually distinct from both economy and society, with inherent interests in expanding its scope for autonomous action, asserting control over economic and social interactions, and structuring economic and social relations. These interests derive primarily from the state’s...
Persistent link: https://www.econbiz.de/10005870833
This paper offers one Africanist’s perspective on the question (to paraphrase Patrick O’Brien) of how, where, when and why a sample of states encouraged or restrained economic growth from recurring. The last phrase places the focus where it belongs: the issue in Sub-Saharan economic history...
Persistent link: https://www.econbiz.de/10005870845
Recent advances in brain research have provided new evidence thatearly experience matters and have greatly increased interest in theeffects of early childhood interventions on outcomes for children. Thispaper reviews what is now known about the potential benefits andpotential ill effects of...
Persistent link: https://www.econbiz.de/10008733279
[...]In this study, we use recent historical evidence toexplore one dimension of the broad relationship betweenmarket returns and mutual fund flows: the effect of shorttermmarket returns on mutual fund flows. Research onthis issue has already confirmed high correlations betweenmarket returns and...
Persistent link: https://www.econbiz.de/10005870270
bankingindustry. This goal is served by taking a broad view of thepayments business and analyzing information provided bylarge bank …
Persistent link: https://www.econbiz.de/10005870063
length of time between bank examinations affects thequality of information available to supervisors. For thesepurposes, we … condition of a bank. Our analysisassumes that examination information incorporates twotypes of data: information available from … information that can be obtained onlythrough on-site examinations, such as confidential informationabout a bank’s troubled assets …
Persistent link: https://www.econbiz.de/10005870064
[...]We address several questions in this paper. First,how could macro markets be useful to the average person?Second, how large are the potential benefits from diversificationif these markets were to be introduced andused optimally? Third, can existing financial marketsachieve a similar degree...
Persistent link: https://www.econbiz.de/10005870065