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This paper examines the dynamic effects of monsoon rainfall shocks on yield, wages, and prices in the Indian agricultural sector. We distinguish between positive and negative rainfall shocks and explicitly consider their spatial dimension (local/regional). We find that particularly negative...
Persistent link: https://www.econbiz.de/10012014073
portfolio. Overall, our results provide evidence for international spillovers of prudential instruments, these spillovers are …
Persistent link: https://www.econbiz.de/10011518213
Electricity generation based on renewable energy (RE) sources such as wind and solar replace the most expensive generators that often rely on fossil fuels. In response to RE promotion, wholesale electricity prices and carbon emissions are therefore expected to decrease. In interconnected...
Persistent link: https://www.econbiz.de/10012619004
I investigate how households and firms adjust their inflation expectations when experiencing an increase in their energy prices. I use monthly panel survey data in combination with a difference-in-difference approach to show that households increase their inflation expectations when they...
Persistent link: https://www.econbiz.de/10014424142
Using transaction-level data on foreign exchange (FX) forward contracts, we document large demand-driven heterogeneity in banks' dollar hedging costs. For identification, we exploit regulatory end-of-quarter reporting that penalizes banks' currency exposure with capital surcharges. Contracts...
Persistent link: https://www.econbiz.de/10011916907
framework is a bivariate volatility model, where volatility spillovers of either positive or negative sign are allowed for. Our … over the different stages of the recent crisis. In particular, our results of the return spillovers show that such … spillovers mostly run from stocks to bonds and exhibit a time-varying pattern over all three stages of the crisis in most …
Persistent link: https://www.econbiz.de/10011663407
This paper provides evidence of deliberate private-information disclosure within banks’ international business networks. Using supervisory trade-level data, we show that banks with closer ties to a target advisor in a takeover buy more stocks of the target firm prior to the deal announcement,...
Persistent link: https://www.econbiz.de/10013336388
Persistent link: https://www.econbiz.de/10013428543
We analyse a stylized model of the world grain market characterized by a small oligopoly of traders with market power on both the supply and demand side. Crops are stochastic and exporting countries can impose export tariffs to protect domestic food prices. Our first result is that export...
Persistent link: https://www.econbiz.de/10010230311
Persistent link: https://www.econbiz.de/10003529797