Similar Search Results

Climate change and the macroeconomics of bank capital regulation

Giovanardi, Francesco; Kaldorf, Matthias - 2024

This paper proposes a quantitative multi-sector DSGE model with bank failure and firm default to study the interactions between bank regulation and climate policy. Households value the liquidity of deposits, which are protected by deposit insurance. Banks collect deposits and issue equity to...

Persistent link: https://www.econbiz.de/10014548624

Foreclosure and profit shifting with partial vertical ownership

Hunold, Matthias; Petrishcheva, Vasilisa - 2024

We demonstrate how the incentives of firms that partially own their suppliers or customers to foreclose rivals depend on how the partial owner can extract profits from the target. Compared to a fully vertically integrated firm, a partial owner may obtain only a share of the target's profit but...

Persistent link: https://www.econbiz.de/10014541862

(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