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Sovereign Defaults and Debt Sustainability : The Debt Recovery Channel
Diarra, Ibrahima; Guillard, Michel; Kempf, Hubert - 2022
This paper focuses on the debt recovery channel linking the dynamics of public debt to partial sovereign defaults. We build a simple model which incorporates sovereign default and a debt recovery rule. It depends on a parameter that allows for partial debt recovery. We show that the maximum...
Persistent link: https://www.econbiz.de/10013292498
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The Determinants of Subnational Public Spending Allocation for Disaster Risk Reduction in Bangladesh
Karim, Azreen - 2020
disaster risk reduction and climate adaptation in Bangladesh, a country with a very high exposure to weather risk. We use a … comprehensive dataset for the 483 sub-districts (Upazilas) in Bangladesh, tracking disaster risk reduction and adaptation funding … transfers, provided that it is allocated rationally. Broadly, this appears to be the case in Bangladesh. We leave the measuring …
Persistent link: https://www.econbiz.de/10012842384
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Gender Empowerment, Supply-Chain Linkages and Foreign Direct Investment : Evidence on Bangladesh
Kee, Hiau-Looi - 2020
on a unique firm-to-firm dataset of Bangladesh's textiles and garment sectors. We look at the female employment of …
Persistent link: https://www.econbiz.de/10012823560
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Layoffs and Productivity at a Bangladeshi Sweater Factory
Akerlof, Robert - 2020
Conflicts between management and workers are common and can have significant impacts on productivity. We study how workers in a large Bangladeshi sweater factory responded to management's decision to lay off about a quarter of the workers following a period of labor unrest. Our main finding is...
Persistent link: https://www.econbiz.de/10012825388
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Flexible Microcredit : Effects on Loan Repayment and Social Pressure
Czura, Kristina - 2020
Flexible repayment schedules allow borrowers to invest in profitable yet risky projects, but practitioners fear they erode repayment morale. We study repayment choices in rigid and flexible loan contracts that allow discretion in repayment timing. To separate strategic repayment choices from...
Persistent link: https://www.econbiz.de/10012832188
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Social Norms and Misinformation : Experimental Evidence on Learning About Menstrual Health Management in Rural Bangladesh
Castro, Silvia; Czura, Kristina - 2021
with women in rural Bangladesh, we measure social norms in the form of empirical and normative expectations about menstrual …
Persistent link: https://www.econbiz.de/10013227602
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Policy mix and debt sustainability : evidence from fiscal policy rules
Claeys, Peter - 2005
This paper characterises rules-based fiscal policy setting. Basically, we translate a standard monetary policy rule into a simple fiscal policy rule. We then infer on fiscal policymakers' reaction coefficients by testing the rule with GMM. Interaction is also tested directly by the inclusion of...
Persistent link: https://www.econbiz.de/10010261142
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Asymmetries in the trans-atlantic monetary policy relationship : does the ECB follow the Fed?
Belke, Ansgar; Gros, Daniel - 2005
The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants and commentators that the search for empirical support would seem to be a trivial task. However, this is not the case. We find that the ECB is indeed often influenced by the...
Persistent link: https://www.econbiz.de/10010261156
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Does money matter in the ECB strategy? : New evidence based on ECB communication
Berger, Helge; de Haan, Jakob; Sturm, Jan-Egbert - 2006
We examine the role of money in the policies of the ECB, using introductory statements of the ECB President at the monthly press conferences during 1999-2004. Over time, the relative amount of words devoted to the monetary analysis has decreased. Our analysis of indicators of the monetary policy...
Persistent link: https://www.econbiz.de/10010261407
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Monetary policy in a channel system
Berentsen, Aleksander; Monnet, Cyril - 2007
Channel systems for conducting monetary policy are becoming increasingly popular. Despite their popularity, the consequences of implementing policy with a channel system are not well understood. We develop a general equilibrium framework of a channel system and investigate the optimal policy. A...
Persistent link: https://www.econbiz.de/10010264077