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Regulating big tech and non-bank financial services in the digital era
Thammarak Moenjak; Veerathai Santiprabhob - 2021
Persistent link: https://www.econbiz.de/10012605820
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Behavioral strong implementation
Hayashi, Takashi; Jain, Ritesh; Korpela, Ville; … - 2021
Persistent link: https://www.econbiz.de/10012433571
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Make-up strategies with incomplete markets and bounded rationality
Dobrew, Michael; Gerke, Rafael; Giesen, Sebastian; … - 2023
We study the impact of market incompleteness and bounded rationality on the effectiveness of make-up strategies. To do so, we simulate a heterogeneous-agent New Keynesian (HANK) model with reflective expectations and an occasionally-binding effective lower bound (ELB) on the policy rate. Our...
Persistent link: https://www.econbiz.de/10013493615
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Monetary policy rules under bounded rationality
Dobrew, Michael; Gerke, Rafael; Kienzler, Daniel; … - 2023
We study the welfare performance of various simple monetary policy rules under bounded rationality (BR) along the lines of Gabaix (2020) in a New Keynesian model with sticky wages and an effective lower bound (ELB) on interest rates. Policy strategies with a strong history dependence lose their...
Persistent link: https://www.econbiz.de/10014320809
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Biased beliefs in search markets
Gamp, Tobias; Krähmer, Daniel - 2022
We study the implications of biased consumer beliefs for search market outcomes in the seminal framework due to Diamond (1971). Biased consumers base their search strategy on a belief function which specifies for any (true) distribution of utility offers in the market a possibly incorrect...
Persistent link: https://www.econbiz.de/10014476790
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Taming overconfident CEOs through stricter financial regulation
Kassner, Bernhard - 2023
paper shows that financial regulation can be effective at mitigating this type of risk. Exploiting regulatory changes … financial institutions subject to stricter regulation. Following the easing of these regulations, overconfidence-induced risk …-taking increases again. These findings confirm the effectiveness of financial regulation at correcting overconfident behavior, but also …
Persistent link: https://www.econbiz.de/10014477386
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Digital payment, household consumption behavior, and financial literacy
Anusorn Minphimai - 2024
Persistent link: https://www.econbiz.de/10014516926
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Macro to the rescue? : an analysis of macroprudential instruments to regulate housing credit
Falter, Alexander - 2019
This paper builds a macro model with a financial sector and a housing market to understand the transmission and effects of macroprudential instruments addressing mortgage credit. The model compares the introduction of a loan-to-value ratio (LTV), a countercyclical capital buffer (CCyB)-style...
Persistent link: https://www.econbiz.de/10012034723
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The name game for contributions : influence of labeling and earmarking on the perceived tax burden
Hundsdoerfer, Jochen; Sielaff, Christian; Blaufus, Kay; … - 2010
In this paper we apply conjoint analysis as an empirical method to study the influence of tax labeling and tax earmarking on the perceived tax burden. As reference for the individual behavior we use the model of a rational utility maximizer described by the economic theory. We determine a...
Persistent link: https://www.econbiz.de/10003962952
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Stock market volatility and learning
Adam, Klaus; Marcet, Albert; Nicolini, Juan Pablo - 2011
Persistent link: https://www.econbiz.de/10009308272