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the credit market and the deposits market. Using the aggregated balance sheet of the banking sector, endogenous money is …. -- monetary policy ; Endogenous money ; industrial organization approach to banking theory ; money multiplier ; vector error …
Persistent link: https://www.econbiz.de/10009620766
Fairness is a strong concern as shown by the robust results of dictator giving and ultimatum experiments. Efficiency … provision games. In our experiment participants can increase efficiency by gift giving at the cost of reducing their own … for mutual gift giving. In both cases decisions can be conditioned on whether there is or there is not an efficiency gain …
Persistent link: https://www.econbiz.de/10009612570
agencies the result may, however, be both, crowding out and crowding in of business ethics. The crucial feature is the bank …
Persistent link: https://www.econbiz.de/10009578022
The most important policy instruments of the Bundesbank and of the coming European Central Bank involve lending to … domestic credit institutions. In this monetary setup, banks use short-term central bank credits extensively in order to … borrowed reserves is of crucial importance for monetary policy practice. -- Loan and money supply ; central bank lending …
Persistent link: https://www.econbiz.de/10009578028
explorative study aims to shed some light into the black-box of the matching technology by applying nonparametric estimation …
Persistent link: https://www.econbiz.de/10009574874
Estimation …
Persistent link: https://www.econbiz.de/10009574875
exchange rate. The separate estimation of long-run money demands leads to a "structural" error correction equation which allows …
Persistent link: https://www.econbiz.de/10009574885
East-West migration in Germany peaked at the beginning of the 90s although the average wage gap between Eastern and Western Germany continues to average about 25%. We analyze the propensity to migrate using microdata from the German Socioeconomic Panel. Fitting a parametric Generalized Linear...
Persistent link: https://www.econbiz.de/10009574896
We show in the paper that the decomposition proposed by Beveridge and Nelson (1981) for models that are integrated of order one can be generalized to seasonal Arima models by means of a partial fraction decomposition. Two equivalent algorithms are proposed to optimally (in the mean squared...
Persistent link: https://www.econbiz.de/10009577456
We establish a relation between stochastic volatility models and the class of generalized hyperbolic distributions. These distributions have been found to fit exceptionally well to the empirical distribution of stock returns. We review the background of hyperbolic distributions and prove...
Persistent link: https://www.econbiz.de/10009577459