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Mengel, Friederike - 2019

This paper provides new evidence on gender bias in teaching evaluations. We exploit a quasi-experimental dataset of 19,952 student evaluations of university faculty in a context where students are randomly allocated to female or male instructors. Despite the fact that neither students' grades...

Persistent link: https://www.econbiz.de/10012892308

Taxing Our Wealth

Scheuer, Florian; Slemrod, Joel - 2021

This paper evaluates proposals for an annual wealth tax. While a dozen OECD countries levied wealth taxes in the recent past, now only three retain them, with only Switzerland raising a comparable fraction of revenue as recent proposals for a US wealth tax. Studies of these taxes sometimes, but...

Persistent link: https://www.econbiz.de/10013314892

Stochastic Contracts and Subjective Evaluations

Lang, Matthias - 2021

Subjective evaluations are widely used, but call for different contracts from traditional moral-hazard settings. Previous literature shows that contracts require payments to third parties, which real-world contracts rarely use. I show that the implicit assumption of deterministic contracts makes...

Persistent link: https://www.econbiz.de/10013311715

Monetary Policy Transparency

Geraats, Petra - 2014

There has been a remarkable rise in the transparency of monetary policy during the last two decades. This paper …. Furthermore, it reviews the theoretical literature on monetary policy transparency and relevant empirical findings. The focus is …

Persistent link: https://www.econbiz.de/10010333377

Transparency, Flexibility and Macroeconomic Stabilization

Geraats, Petra - 2014

. This paper shows that such economic transparency could give central banks greater flexibility to respond to macroeconomic …

Persistent link: https://www.econbiz.de/10010333384

Who do you blame in local finance? An analysis of municipal financing in Italy

Bordignon, Massimo; Piazza, Santino - 2010

A 1999 reform allowed Italian Mayors to partially substitute a more accountable source of tax revenue (the property tax) with a less transparent one (a surcharge on the personal income tax). Theoretical analysis suggests this should give incompetent Mayors a less costly way to hide themselves,...

Persistent link: https://www.econbiz.de/10010270475

Transparency of monetary policy : theory and practice

Geraats, Petra Maria - 2005

Transparency has become one of the main features of monetary policymaking during the last decade. This paper … establishes some stylized facts. In addition, it provides a systematic overview of the practice of monetary policy transparency … framework, including inflation targeting. Nevertheless, the paper finds significant differences in transparency across monetary …

Persistent link: https://www.econbiz.de/10010274033

Trends in monetary policy transparency

Geraats, Petra Maria - 2009

Transparency has become a prominent feature of monetary policy. This paper provides an overview of central bank … communication practices and is the first to systematically analyze transparency trends throughout the world and across monetary … inflation and economic development have undergone larger increases in transparency. Moreover, it shows that greater transparency …

Persistent link: https://www.econbiz.de/10010274045

Central bank independence and conservatism under uncertainty: Substitutes or complements?

Hefeker, Carsten; Zimmer, Blandine - 2011

The paper examines the optimal combination of central bank independence and conservatism in the presence of uncertain central bank preferences. We develop a model of endogenous monetary policy delegation in which government chooses the central bank's degree of inde-pendence and conservatism so...

Persistent link: https://www.econbiz.de/10010274857

Strategic complementarity, fragility, and regulation

Vives, Xavier - 2011

The paper analyzes a very stylized model of crises and demonstrates how the degree of strategic complementarity in the actions of investors is a critical determinant of fragility. It is shown how the balance sheet composition of a financial intermediary, parameters of the information structure...

Persistent link: https://www.econbiz.de/10010277386