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How Certain are Dutch Households about Future Income? An Empirical Analysis
Das, Marcel; Donkers, A.C.D. - Tilburg University, Center for Economic Research - 1997
this paper we empirically analyze subjective income uncertainty in the Netherlands. Data come from the Dutch VSB panel. We … measure income uncertainty directly by asking questions on expected household income in the next twelve months. First, we …, we investigate the relationship between the measure of income uncertainty and some household characteristics. Controlling …
Persistent link: https://www.econbiz.de/10011091934
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Intertemporal Consumption with Directly Measured Welfare Functions and Subjective Expectations
van soest, arthur; Kapteyn, A.; Kleinjans, K. - Tilburg University, Center for Economic Research - 2008
Euler equation estimation of intertemporal consumption models requires many, often unverifiable assumptions. These include assumptions on expectations and preferences. We aim at reducing some of these requirements by using direct subjective information on respondents’ preferences and...
Persistent link: https://www.econbiz.de/10011092114
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Macroprudential Policy, Countercyclical Bank Capital Buffers and Credit Supply : Evidence from the Spanish Dynamic Provisioning Experiments
Jiménez, G.; Ongena, S.; Peydro, J.L.; Saurina, J. - Tilburg University, Center for Economic Research - 2012
Abstract: We analyze the impact of the countercyclical capital buffers held by banks on the supply of credit to firms and their subsequent performance. Countercyclical ‘dynamic’ provisioning that is unrelated to specific loan losses was introduced in Spain in 2000, and modified in 2005 and...
Persistent link: https://www.econbiz.de/10011091652
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Does Monetary Policy Affect the Central Bank's Role in Bank Supervision?
Ioannidou, Vasso - Tilburg University, Center for Economic Research - 2002
Persistent link: https://www.econbiz.de/10011092048
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The Lender of Last Resort : Liquidity Provision Versus the Possibility of Bail-out
Eijffinger, Sylvester; Nijskens, R.G.M. - Tilburg University, Center for Economic Research - 2010
Banking regulation has proven to be inadequate to guard systemic stability in the recent financial crisis. Central banks have provided liquidity and ministries of finance have set up rescue programmes to restore confidence and stability. Using a model of a systemic bank suffering from liquidity...
Persistent link: https://www.econbiz.de/10011092076
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Bank Liquidity, Interbank Markets, and Monetary Policy
Freixas, X.; Martin, A.; Skeie, D. - Tilburg University, Center for Economic Research - 2010
A major lesson of the recent financial crisis is that the interbank lending market is crucial for banks facing large uncertainty regarding their liquidity needs. This paper studies the efficiency of the interbank lending market in allocating funds. We consider two different types of liquidity...
Persistent link: https://www.econbiz.de/10011092909
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A Note on "Stability of Tâtonnement Processes of Short Period Equilibria with Rational Expectations"
Herings, P.J.J. - Tilburg University, Center for Economic Research - 1997
In Hens (1997), a new adjustment process is proposed for a setting with reopening spot and asset markets. He argues by means of an intemporal variant of Scarf's example that this process is more stable than the other processes, although in general it might be more stable or less stable. This...
Persistent link: https://www.econbiz.de/10011090350
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Should smart investors buy funds with high returns in the past
Palomino, F.A.; Uhlig, H.F.H.V.S. - Tilburg University, Center for Economic Research - 1999
Persistent link: https://www.econbiz.de/10011090424
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The Gambler's Fallacy and Gender
Suetens, Sigrid; Tyran, J.R. - Tilburg University, Center for Economic Research - 2011
The “gambler’s fallacy” is the false belief that a random event is less likely to occur if the event has occurred recently. Such beliefs are false if the onset of events is in fact independent of previous events. We study gender differences in the gambler’s fallacy using data from the...
Persistent link: https://www.econbiz.de/10011090580
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News on Inflation and the Epidemiology of Inflation Expectations
Pfajfar, Damjan; Santoro, E. - Tilburg University, Center for Economic Research - 2012
aggregate and household-level data from the Survey Research Center at the University of Michigan. We highlight a fundamental …
Persistent link: https://www.econbiz.de/10011090809