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Cross-border prudential policy spillovers : how much? how important? : evidence from the international banking research network

Buch, Claudia M.; Goldberg, Linda S. - 2017

The development of macroprudential policy tools has been one of the most significant changes in banking regulation in …

Persistent link: https://www.econbiz.de/10011595267

Labor adjustment and productivity in the OECD

Dossche, Maarten; Gazzani, Andrea; Lewis, Vivien - 2021

Labor productivity is more procyclical in OECD countries with lower employment volatility. To capture this new stylized fact, we propose a business cycle model with employment adjustment costs, variable hours and labor effort. We show that, in our model with variable effort, greater labor market...

Persistent link: https://www.econbiz.de/10012589397

Financial repression in general equilibrium : the case of the United States, 1948-1974

Kliem, Martin; Kriwoluzky, Alexander; Müller, Gernot J.; … - 2024

Financial repression lowers the return on government debt and contributes, all else equal, towards its liquidation. However, its full effect on the debt-to-GDP ratio hinges on how repression impacts the economy at large because it alters investment and saving decisions. We develop and estimate a...

Persistent link: https://www.econbiz.de/10014559288

(Dis)honesty and the value of transparency for campaign promises

Lang, Matthias; Schudy, Simeon - 2023

Promise competition is prevalent in many economic environments, but promise keeping is often difficult to observe. We study the value of transparency for promise competition and ask whether promises still offer an opportunity to honor future obligations when outcomes do not allow for observing...

Persistent link: https://www.econbiz.de/10014481101

Learning about the term structure and optimal rules for inflation targeting

Tesfaselassie, Mewael F.; Schaling, Eric; Eijffinger, … - 2006

In this paper we incorporate the term structure of interest rates in a standard inflation forecast targeting framework.We find that under flexible inflation targeting and uncertainty in the degree of persistence in the economy, allowing for active learning possibilities has effects on the...

Persistent link: https://www.econbiz.de/10010273990

Portfolio choice and risk

Encarnación, José - 1983

Persistent link: https://www.econbiz.de/10003529028

How to finance unemployment benefits in an economy with search generated equilibrium unemployment

Weiß, Pia - 2000

Persistent link: https://www.econbiz.de/10004594735

Die Theorie der optimalen Währungsräume und die politische Reformfähigkeit - ein vernachlässigtes Kriterium

Heinemann, Friedrich - 1998

In this paper, a short survey is given on the contents and some problems of the theory of optimal currency areas. In … conventional theory is inspired by a phenomenon that can be observed for example in Germany but also in other European countries … the nominal exchange rate. The conventional theory with the focus on private agents' behaviour - e.g. in the context of …

Persistent link: https://www.econbiz.de/10013428120