Similar Search Results

Auray, Stéphane; Eyquem, Aurélien; Garbinti, Bertrand; … - 2022

How to explain rising income and wealth inequality? We build an original heterogeneous-agent model with three key features: (i) an explicit link between firm's market power and top income shares, (ii) a granular representation of the tax and transfer system, and (iii) three assets with...

Persistent link: https://www.econbiz.de/10013427766

Unraveling the fortunes of the fortunate: an Iterative Bayesian Model Averaging (IBMA) approach

Eicher, Theo S.; Papageorgiou, Chris; Roehn, Oliver - 2007

We investigate country heterogeneity in cross-country growth regressions. In contrast to the previous literature that focuses on low-income countries, this study also highlights growth determinants in high-income (OECD) countries. We introduce Iterative Bayesian Model Averaging (IBMA) to address...

Persistent link: https://www.econbiz.de/10010264062

Markups, Taxes, and Rising Inequality

Auray, Stéphane; Eyquem, Aurélien; Garbinti, Bertrand; … - 2022

How to explain rising income and wealth inequality? We build an original heterogeneous-agent model with three key features: (i) an explicit link between firm’s market power and top income shares, (ii) a granular representation of the tax and transfer system, and (iii) three assets with...

Persistent link: https://www.econbiz.de/10014244079

GDP Growth, Private Debt and Monetary Policy

Cafiso, Gianluca - 2017

Economic research has considered Private Debt a determinant of GDP growth for years. By keeping this perspective, the … objective of this work is to understand how much of the GDP response to a monetary shock is due to the variation of private debt …

Persistent link: https://www.econbiz.de/10011698667

Private Debt and GDP: A Short-Run Perspective

Cafiso, Gianluca - 2016

Mainstream economic research regards private debt as a determinant of GDP growth in the longrun. Levine (2005) surveys … focus from the long to the short-run and study whether private debt has a significant impact on GDP growth in the short …

Persistent link: https://www.econbiz.de/10011584900

Carbon Default Swap - Disentangling the Exposure to Carbon Risk through CDS

Blasberg, Alexander; Kiesel, Rüdiger; Taschini, Luca - 2022

Using Credit Default Swap spreads, we construct a forward-looking, market-implied carbon risk factor and show that carbon risk affects firms' credit spread. The effect is larger for European than North American firms and varies substantially across industries, suggesting the market recognises...

Persistent link: https://www.econbiz.de/10013470275

Exchange Rates and Sovereign Risk: A Nonlinear Approach Based on Local Gaussian Correlations

Heinlein, Reinhold; Legrenzi, Gabriella D.; Mahadeo, … - 2024

We empirically assess the interlinkages between sovereign risk, measured in terms of CDS spreads, and exchange rates …

Persistent link: https://www.econbiz.de/10014534289

Sovereign Risk Dynamics in the EU: The Time Varying Relevance of Fiscal and External (Im)balances

Afonso, António; Alves, José; Monteiro, Sofia - 2024

risk, proxied by 10-year CDS and CDS spreads (against the US) making use of Weighted Least Squares (WLS) analysis …

Persistent link: https://www.econbiz.de/10014534429

The Effects of the Covid-19 Pandemic on Stock Markets, CDS and Economic Activity: Time-Varying Evidence from the US and Europe

Caporale, Guglielmo Maria; Catik, Abdurrahman Nazif; … - 2021

This paper examines the effects of the COVID-19 pandemic on stock returns, CDS and economic activity in the US and the …, whilst the CDS ones are positive and significant only in a few periods, and there are very mixed results for those of stock … activity in all countries in the early stages of the pandemic (especially in Italy), and a positive one on CDS at the same time …

Persistent link: https://www.econbiz.de/10012658022

Techies and Firm Level Productivity

Harrigan, James; Reshef, Ariell; Toubal, Farid - 2023

We study the impact of techies—engineers and other technically trained workers—on firm-level productivity. We first report new facts on the role of techies in the firm by leveraging French administrative data and unique surveys. Techies are STEM-skill intensive and are associated with...

Persistent link: https://www.econbiz.de/10014377443