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Building on the framework put forward by Delli Gatti et al. 2011, in this paper we present and discuss a Macroeconomic Agent-Based Model with Capital and Credit (hereafter CC-MABM). The novelty of this model with respect to the previous framework consists in the introduction of capital goods...
Persistent link: https://www.econbiz.de/10010347040
, which have been followed by a lasting crisis. The paper analyses the role of a high degree of regional heterogeneity for … public debt and monetary policy in the context of crisis. It is shown for Japan that the attempts to maintain regional … across Japanese regions pre- and post-crisis. The side condition is monetary expansion. A similar effect could emerge in …
Persistent link: https://www.econbiz.de/10011476067
We analyse the background of the Greek debt crisis and evaluate the three Greek financial assistance programme. The … crisis and the first programme's (2010-11) failure were mainly the result of misguided internal policies. The second …
Persistent link: https://www.econbiz.de/10011384358
crisis. Using common factor analysis, we demonstrate that people’s lives are mainly affected in two ways: First, a notable …. Second, many people suffer from socio-economic consequences of the crisis, including a discontinuation of employment, a …
Persistent link: https://www.econbiz.de/10012582202
This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich … globally engaged firms is their heightened response to the crisis by finding novel ways to adapt supply chains even in the …
Persistent link: https://www.econbiz.de/10013183698
Given the importance of firm strategic management in time of crises, this study investigates Micro, Small, and Medium …
Persistent link: https://www.econbiz.de/10012815811
regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to … annual data from 1999 to 2011 drawn from 132 countries. The probability of a financial crisis fits an inverted U-shaped curve …
Persistent link: https://www.econbiz.de/10012030889
This paper investigates the role of unconventional monetary policy as a source of time-variation in the relationship … characterised by a weakened link between spreads and fundamentals, but with higher spreads relative to the pre-crisis period and …
Persistent link: https://www.econbiz.de/10011735972
The Russian invasion of Ukraine has caused disruptions in international trade and highlighted the dependency of small open economies in Europe on imports, especially of energy. These events may have changed Europeans' attitude towards globalization. We study two waves of representative...
Persistent link: https://www.econbiz.de/10013362395
. Transformational leadership behavior may be particularly suited to navigate times of crisis which are characterized by high levels of …' leadership styles on employees' performance, work style, and mental well-being in times of crisis. Using longitudinal …
Persistent link: https://www.econbiz.de/10014281431