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Financial Cycles, Credit Bubbles and Stabilization Policies

Corrado, Luisa - 2019

This paper analyzes the effects of several policy instruments to mitigate financial bubbles generated in the banking … innovation. By incorporating a loan management technology and a bank equity channel we can evaluate the efficacy of several … policy instruments in counteracting financial bubbles. We find that an endogenous capital requirement reduces the impact of a …

Persistent link: https://www.econbiz.de/10012892165

The Fiscal Theory of the Price Level with a Bubble

Brunnermeier, Markus K. - 2020

This paper incorporates a bubble term in the standard FTPL equation to explain why countries with persistently negative primary surpluses can have a positively valued currency and low inflation. It also provides an example with closed-form solutions in which idiosyncratic risk on capital returns...

Persistent link: https://www.econbiz.de/10012834354

Another Look at Cryptocurrency Bubbles

Gronwald, Marc - 2019

This paper deals with cryptocurrency bubbles. First, it points out that a number of recent papers on cryptocurrency … bubbles are awed due to an insufficient consideration of the fundamental value of cryptocurrencies. As even fiat money is said … to exhibit features of bubbles, the same applies to cryptocurrencies. Thus, any empirical investigation into either the …

Persistent link: https://www.econbiz.de/10012866076

The Role of Venture Capital and Governments in Clean Energy : Lessons from the First Cleantech Bubble

van den Heuvel, Matthias; Popp, David - 2022

greater impact on clean energy innovation than investing in startups that will then struggle through the “valley of death …

Persistent link: https://www.econbiz.de/10013292501

Social relations and relational incentives

Dur, Robert; Tichem, Jan - 2012

This paper studies how social relationships between managers and employees affect relational incentive contracts. To this end we develop a simple dynamic principal-agent model where both players may have feelings of altruism or spite toward each other. The contract may contain two types of...

Persistent link: https://www.econbiz.de/10010282065

Complexity and Distributive Fairness Interact in Affecting Compliance Behavior

Bellemare, Charles - 2019

Filing income tax returns or insurance claims often requires that individuals comply with complex rules to meet their obligations. We present evidence from a laboratory tax experiment suggesting that the effects of complexity on compliance are intrinsically linked to distributive fairness. We...

Persistent link: https://www.econbiz.de/10012860571

Ties

Revelli, Federico - 2019

This paper investigates whether the rare occurrence of a local election ending in a tie or being decided by a single vote generates informational spill-overs on nearby localities' subsequent elections. First, based on the pivotal-voter theory, we develop a model of costly instrumental voting in...

Persistent link: https://www.econbiz.de/10012864930

Types of Contact : A Field Experiment on Collaborative and Adversarial Caste Integration

Lowe, Matt - 2020

I estimate the effects of collaborative and adversarial intergroup contact. I randomly assigned Indian men from different castes to participate in cricket leagues or to serve as a control group. League players faced variation in collaborative contact, through random assignment to...

Persistent link: https://www.econbiz.de/10012841733

Does Market Interaction Erode Moral Values?

Özdemir, Yagiz - 2020

The widespread use of markets leads to unprecedented material well-being in many societies. We study whether market interaction, as a side effect, erodes moral values. An encompassing understanding of the virtues and vices of markets, including their possible impact on moral values, is necessary...

Persistent link: https://www.econbiz.de/10012823552

Trust, Ethnic Diversity, and Personal Contact : A Field Experiment

Finseraas, Henning - 2019

We study how close personal contact with minorities affects in-group and out-group trust in a field experiment in the armed forces. Soldiers are randomly assigned to rooms with or without ethnic minorities. At the end of the recruit period, we measure trust by using a trust game. Results...

Persistent link: https://www.econbiz.de/10012892072

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