Similar Search Results

Investment in financial literacy and saving decisions

Jappelli, Tullio; Padula, Mario - 2011

We present an intertemporal consumption model of consumer investment in financial literacy. Consumers benefit from such … investment because their stock of financial literacy allows them to increase the returns on their wealth. Since literacy … depreciates over time and has a cost in terms of current consumption, the model determines an optimal investment in literacy. The …

Persistent link: https://www.econbiz.de/10008856384

Sovereign risk, bank funding and investors' pessimism

Faia, Ester - 2016 - This draft: September 2016

Data show that sovereign risk reduces liquidity, increases funding cost and risk of banks highly exposed to it. I build a model that rationalizes this fact. Banks act as delegated monitors and invest in risky projects and in risky sovereign bonds. As investors hear rumors of increased sovereign...

Persistent link: https://www.econbiz.de/10011541421

Fiscal consolidation strategy

Cogan, John F.; Taylor, John B.; Wieland, Volker; … - 2012

In the aftermath of the global financial crisis and great recession, many countries face substantial deficits and growing debts. In the United States, federal government outlays as a ratio to GDP rose substantially from about 19.5 percent before the crisis to over 24 percent after the crisis. In...

Persistent link: https://www.econbiz.de/10009622444

Exit strategies

Angeloni, Ignazio; Faia, Ester; Winkler, Roland - 2010

We study alternative scenarios for exiting the post-crisis fiscal and monetary accommodation using the model of Angeloni and Faia (2010), that combines a standard DSGE framework with a fragile banking sector, suitably modified and calibrated for the euro area. Credibly announced and fast fiscal...

Persistent link: https://www.econbiz.de/10008748083

Inflation and unemployment revisited : grease vs. sand

Groshen, Erica L.; Schweitzer, Mark E. - 1999

Persistent link: https://www.econbiz.de/10001355050

Corporate investment, debt and liquidity choices in the light of financial constraints and hedging needs

Bannier, Christina E.; Schürg, Carolin - 2015

We examine firms' simultaneous choice of investment, debt financing and liquidity in a large sample of US corporates … affect the corporate decisions of unconstrained firms more strongly than those of constrained firms. Investment-cash flow … sensitivities are particularly intense for unconstrained firms with high hedging needs. Investment opportunities (as proxied by Q …

Persistent link: https://www.econbiz.de/10011306337

Financial advisors : a case of babysitters?

Hackethal, Andreas; Chaliasos, Michaēl; Jappelli, Tullio - 2009

We merge administrative information from a large German discount brokerage firm with regional data to examine if financial advisors improve portfolio performance. Our data track accounts of 32,751 randomly selected individual customers over 66 months and allow direct comparison of performance...

Persistent link: https://www.econbiz.de/10003864097

Economic literacy : an international comparison

Jappelli, Tullio - 2010

Many studies show that most people are not financially literate and are unfamiliar with even the most basic economic concepts. However, the evidence on the determinants of economic literacy is scant. This paper uses international panel data on 55 countries from 1995 to 2008, merging indicators...

Persistent link: https://www.econbiz.de/10008698004

The benefits of panel data in consumer expenditure surveys

Carroll, Chris; Parker, Jonathan A.; Souleles, Nicholas S. - 2014

This paper explains why the collection of panel (reinterview) data on a comprehensive measure of household expenditures is of great value both for measuring budget shares (the core mission of a Consumer Expenditure survey) and for the most important research and public policy uses to which CE...

Persistent link: https://www.econbiz.de/10010384340

Investment in financial literacy, social security and portfolio choice

Jappelli, Tullio; Padula, Mario - 2013

consumption, investors simultaneously choose how much to save, the portfolio allocation, and the optimal investment in literacy …

Persistent link: https://www.econbiz.de/10010200795

1
2
3
4
5
6
7
8
9
10
Next
Last