types of money are created and destructed: bank deposits, when banks grant loans to firms or to other banks, and central … bank money, when the central bank grants loans to private banks. We show that symmetric equilibria yield the first …

We examine the relationship between private bank deposits and macro/fiscal risk in the euro area. We test three … hypotheses: First, private bank deposits relative to Germany are determined by macro/fiscal risk factors. Second, this …

How much deposits and equity a bank has influences how a banks’ lending responds to monetary policy. While the … responsiveness for the bank lending channel has been well established, this is not the case for the risk-taking channel (RTC). We …

Barro-Ferejohn model of political agency to study the relationship between the accountability of elected politicians and the … political accountability, the lower should be real authority at the bottom of the government hierarchy. Empirically, we find … that in countries with lower political accountability those in political power have less authority over the public …

This paper examines the relationship between idiosyncratic risk in labour income and fluctuations in aggregate labour … BHPS sub-sample of Understanding Society for 2010-2014. We measure idiosyncratic risk in labour income by the relevant … moments of the distributions of earnings, employment and wage shocks across individuals. Our main finding is that …

different types of sports participation to initial access to employment and then higher income opportunities with ageing … employment and earnings in England. Clear associations between labour market outcomes and sports participation are established …

-run income effects. However, an activity level above the current recommendation of the WHO for minimum physical activity is …

This paper provides the first evidence on the earnings, employment and college enrollment effects of computers and … administrative data from California Employment Development Department (EDD)/Unemployment Insurance (UI) system earnings records, the …, employment and college enrollment, raising concerns about selection bias in non-experimental studies. …