Similar Search Results

What Makes Currencies Volatile?An Empirical Investigation

Bleaney, Michael F.; Francisco, Manuela - University <Nottingham> / Department of Economics - 2008

. Volatility decreases with openness tointernational trade and per capita GDP, and increases with inflation, particularlyunder a …Real effective exchange rate volatility is examined for 90 countries using monthlydata from January 1990 to June 2006 … horizontal peg or band, and with terms-of-trade volatility. The choice ofexchange rate regime matters... …

Persistent link: https://www.econbiz.de/10005868573

Hyperbolic Discounting and the Phillips Curve

Graham, Liam; Snower, Dennis J. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008

hyperbolic discounting leads to inflation having significant long-run effects on real variables... …

Persistent link: https://www.econbiz.de/10005859701

THE AFTERMATH OF A CURRENCY COLLAPSE:HOW DIFFERENT ARE EMERGING MARKETS?

Bleaney, Michael F. - University <Nottingham> / Department of Economics - 2002

In currency crises, unlike in orderly devaluations, the financial markets dominateevents. It is shown that currency collapses (crises followed by depreciations) have hada much greater adverse impact in emerging markets (defined as relatively highincomedeveloping countries exposed to...

Persistent link: https://www.econbiz.de/10005868940

FINANCIAL FRAGILITY AND CURRENCYCRISES

Bleaney, Michael F. - University <Nottingham> / Department of Economics - 2000

The standard model of currency crises is amended to distinguish betweenunemployment aversion and financial fragility. Fragility is assumed to affect theauthorities’ sensitivity to a combination of high real interest rates and unemployment.An increase in fragility expands the region of...

Persistent link: https://www.econbiz.de/10005869186

Uncertainty and the Politics of Employment Protection

Vindigni, Andrea - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008

This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion...

Persistent link: https://www.econbiz.de/10005859642

Occupational Mobility and the Business Cycle

Moscarini, Giuseppe; Vella, Francis - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008

Do workers sort more randomly across different job types when jobs are harder to find? To answer this question, we study the mobility of male workers among three-digit occupations in the matched files of the monthly Current Population Survey over the 1979-2004 period. We clean individual...

Persistent link: https://www.econbiz.de/10005860609

Kausalität in denWirtschaftswissenschaften:Welche Ursachen hat dieFinanzkrise?

Bernholz, Peter; Faber, Malte; Petersen, Thomas - Alfred-Weber-Institut für Sozial- und … - 2009

Die Frage nach der Kausalität fällt in die Methodologie. Methodologie ist in denWirtschaftswissenschaften ein Bereich, der sowohl bei Ökonomen als auch bei Philosophenkaum Beachtung findet. ....

Persistent link: https://www.econbiz.de/10005868378

CORPORATE CREDIT AND MONETARY POLICY:THE IMPACT OF FIRM-SPECIFICCHARACTERISTICS ON FINANCIAL STRUCTURE

Cihan, Yalcin; Bougheas, Spiros; Mizen, Paul - University <Nottingham> / Department of Economics - 2002

This paper examines the impact of monetary policy on UK firms’ access to bank and market finance whenallowance is made for differences in firm-specific characteristics. A theoretical model determines the cut-off valuesfor project profitability that would allow firms to access bank or market...

Persistent link: https://www.econbiz.de/10005868913

TRADE CREDIT, BANK LENDING AND MONETARYPOLICY TRANSMISSION

Mateut, Simona; Bougheas, Spiros; Mizen, Paul - University <Nottingham> / Department of Economics - 2002

This paper investigates the role of trade credit in the transmissionof monetary policy. Most models of the transmission mechanism allowthe firm to access only financial markets or bank lending according tosome net worth criterion. In our model we introduce trade creditas an additional source of...

Persistent link: https://www.econbiz.de/10005868931

IMPERFECT CAPITAL MARKETS, INCOMEDISTRIBUTION AND THE ‘CREDIT CHANNEL’: AGENERAL EQUILIBRIUM APPROACH

Bougheas, Spiros - University <Nottingham> / Department of Economics - 2002

We develop and analyse a simple general equilibrium model withcapital market imperfections We find that the impact of monetarypolicy on real economic activity depends on the initial distributionof wealth in the economy. Changes in the opportunity cost of fundsaffect not only the choice of...

Persistent link: https://www.econbiz.de/10005868933