Showing 1 - 10 of 39
In this paper, we investigate the interactions between public debt and transfer policies in a framework based on Floden [2001], that we extend to allow for transitional dynamics between steady states. First, we show that, starting from a high level of public debt, it is possible to implement a...
Persistent link: https://www.econbiz.de/10010861360
This thesis first presents India’s economy and financial system’s recent history and current issues. Then, with an emphasis on the recent turmoil period, it studies the question of financial integration in various markets: equity markets are dealt with in the 1st chapter, CDS spreads are...
Persistent link: https://www.econbiz.de/10011212049
This review of the literature presents the main tools and results of research at the crossroads between finance and macroeconomics. The literature seeks to jointly analyze the economic cycle and fluctuations in financial-asset prices.Our article follows this approach:we offer a critical analysis...
Persistent link: https://www.econbiz.de/10010706944
The main purpose of this succinct paper consists on bringing to discussion some arguments that oppose to the idea that the capitalization pension system is advantageous under macroeconomic aspect.
Persistent link: https://www.econbiz.de/10011072362
This paper aims at assessing the robustness of demographic projections to different assumptions on mortality, fertility and migration. It builds on a small-scale simulation model for 23 OECD countries, which reproduces closely national projections under similar demographic assumptions. Up to...
Persistent link: https://www.econbiz.de/10010707952
We present an econometric analysis of the effect of long term nutritional conditions on school achievement. We control potential selectivity bias, which is common in this literature, (i) either by restricting the sample, (ii) or by applying a two step Heckman procedure. For Malagasy data, we...
Persistent link: https://www.econbiz.de/10011072904
This paper addresses investment procedures as a mediating instrument (Miller & O’Leary, 2007). We bring to light how …; Phillips & Hardy, 2002; Phillips, Lawrence & Hardy, 2004). Using a content analysis of an investment procedure conducted in … institutionalisation of investment ideals (e.g. competitiveness, value creation) into normative roles. We show that the texts of investment …
Persistent link: https://www.econbiz.de/10010706892
In this paper, we provide a new empirical analysis of the dynamic portfolio decisions of households by simultaneously considering their stock market participation and home tenure choices. There is already a huge body of literature on housing status (own/rent) decisions and many contributions...
Persistent link: https://www.econbiz.de/10010706895
as possible linear pricing rules and can be used to determine the investment opportunities available in such an economy …
Persistent link: https://www.econbiz.de/10010706980
profitability and fixed investment. The adverse effects of financing constraints are increasing in the level of product market …
Persistent link: https://www.econbiz.de/10010707060