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supply, earnings and welfare over the life cycle. The bias increases part-time employment strongly, induces flatter long … joint taxation. The most significant impact of the bias appears for college-educated women. …
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This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian … yield is short-lived, but elicits a persistent decline (increase) in wages (food prices). Negative local shocks affect only … wages, but not prices. This indicates that, in the food market, intra-regional trading mitigates the impact of local shocks …
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This paper proposes a theory of shadow bank runs in the presence of sponsor liquidity support. We show that liquidity lines designed to insulate shadow banks from market and funding liquidity risk can be destabilizing, as they provide them with incentives to acquire private information about...
Persistent link: https://www.econbiz.de/10011855308
We develop an analysis of ex ante monitoring of risky projects in banking. If protected from competition, banks are more concerned about not catching good risk projects when the perceived state of the economy improves, while they are more concerned about being induced to finance bad risk...
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