Showing 1 - 10 of 248
This paper attempts to reconcile the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private...
Persistent link: https://www.econbiz.de/10011409380
Our friend and colleague Rüdiger Dornbusch passed away before he was able tocomplete his book based on the Munich Lectures in Economics that he gave inNovember 17, 1998, at the Center for Economic Studies of Ludwig-Maximilians-Universität.The lectures contain a fascinating overview of the...
Persistent link: https://www.econbiz.de/10011507825
The 1997 Asian financial crisis has revealed the limitations of the current state of monetary and financial monitoring system in most Asian countries in comprehensively addressing financial and monetary problems and issues. This paper attempts to propose a macro-prudential indicators (MPI)...
Persistent link: https://www.econbiz.de/10011509390
This interdisciplinary paper explains how mathematical techniques of stochastic optimal control can be applied to the recent subprime mortgage crisis. Why did the financial markets fail to anticipate the recent debt crisis, despite the large literature in mathematical finance concerning optimal...
Persistent link: https://www.econbiz.de/10003807893
The paper uses quarterly GDP data for some 30 years up to and including 2001, to examine the identity and development of the European business cycle. Cycles are identified by using a band-pass filter version of the Hodrick-Prescott filter and affiliations are examined using clustering techniques...
Persistent link: https://www.econbiz.de/10011509523
few anecdotes to illustrate the work of an academic journal editor. …
Persistent link: https://www.econbiz.de/10009375710
, Econometrica, American Economic Review and Journal of Economic Literature. … lists. In our meta-ranking the top five journals are given by: Quarterly Journal of Economics, Journal of Political Economy …
Persistent link: https://www.econbiz.de/10011418008
This paper incorporates publication uncertainty in a game between researchers and journal editors and examines its … effects on quantity and quality of published research. A stylized differential Stackelberg game between journal editors and … academic authors is considered, where authors seek to maximize satisfaction from publications, while journal editors try to …
Persistent link: https://www.econbiz.de/10011560859
It is well-known that the distribution of citations to articles in a journal is skewed. We ask whether journal rankings …
Persistent link: https://www.econbiz.de/10010422064
journals. The Quarterly Journal of Economics is clearly the journal with greatest impact, the confidence interval for its rank … Journal of Finance, while the Xie et al. (2009), and Mogstad et al. (2022) methods generally broaden estimated confidence … intervals, particularly for mid-ranking journals. All methods agree that most apparent differences in journal quality are, in …
Persistent link: https://www.econbiz.de/10013255633