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Policy mix and debt sustainability : evidence from fiscal policy rules
Claeys, Peter (contributor) - 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/10002578199
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Die Feststellung der Unternehmenskrise : Entscheidungen unter subjektiven Verzerrungen
Hauschildt, Jürgen - In: KSI : Krisen-, Sanierungs- und Insolvenzberatung ; … 4 (2008) 1, pp. 5-11
Persistent link: https://www.econbiz.de/10003604679
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Analysis of monetary policy and financial stability : a new paradigm
Goodhart, Charles A. E.; Osorio, Carolina; Tsomocos, … - 2009
This paper introduces agent heterogeneity, liquidity, and endogenous default to a DSGE framework. Our model allows for … the economy. Due to liquidity and endogenous default, the transmission mechanism of shocks is well defined, and their …
Persistent link: https://www.econbiz.de/10003923247
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Liquidity and default in an exchange economy
Martínez S., Juan Francisco; Tsomocos, Dimitrios P. - In: Journal of financial stability 35 (2018), pp. 192-214
Persistent link: https://www.econbiz.de/10012156867
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Bank credit, inflation, and default risks over an infinite horizon
Goodhart, Charles A. E.; Tsomocos, Dimitrios P.; Wang, Xuan - In: Journal of financial stability 67 (2023), pp. 1-16
Persistent link: https://www.econbiz.de/10014455477
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Liquidity shortages and monetary policy
Cao, Jin (contributor); Illing, Gerhard (contributor) - 2008
Persistent link: https://www.econbiz.de/10003635213
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Endogenous systemic liquidity risk
Cao, Jin; Illing, Gerhard - 2009
Traditionally, aggregate liquidity shocks are modelled as exogenous events. Extending our previous work (Cao & Illing …, 2008), this paper analyses the adequate policy response to endogenous systemic liquidity risk. We analyse the feedback … between lender of last resort policy and incentives of private banks, determining the aggregate amount of liquidity available …
Persistent link: https://www.econbiz.de/10003833348
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Bank liquidity creation and asset market liquidity
Chatterjee, Ujjal K. - In: Journal of financial stability 18 (2015), pp. 139-153
Persistent link: https://www.econbiz.de/10011574139
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Debt deflation effects of monetary policy
Lin, Li; Tsomocos, Dimitrios P.; Vardoulakis, Alexandros P. - In: Journal of financial stability 21 (2015), pp. 81-94
Persistent link: https://www.econbiz.de/10011574426
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Monetary policy shocks and distressed firms' stock returns : evidence from the publicly traded U.S. firms
Kim, Seon Tae; Rescigno, Luca - In: Economics letters 160 (2017), pp. 91-94
Persistent link: https://www.econbiz.de/10011903809