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Consumption and wealth in the long run : an integrated unobserved component approach
Gardberg, Malin; Pozzi, Lorenzo - 2018 - Revision: September 2018
The ratio of consumption to total household wealth (i.e., tangible assets plus unobserved human wealth) is commonly … component in the consumption equation. The consumption-to-wealth ratio calculated from this model is much less persistent than …
Persistent link: https://www.econbiz.de/10011844588
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Optimal central bank lending
Schabert, Andreas - 2010
Persistent link: https://www.econbiz.de/10003985256
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Insecure debt
Perotti, Enrico C.; Matta, Rafael - 2015 - This Draft: March 16, 2015
fundamental risk. This effect is separate from the liquidation externality caused by fire sales of seized collateral upon default …
Persistent link: https://www.econbiz.de/10010492342
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Asset-based lending
Bijkerk, Suzanne H.; Vries, Casper G. de - 2019 - This version: May 1, 2019
Asset-based lending, the supply of loans based on floating collateral, is an important source of funding for small … small firms. Close monitoring of collateral by lenders results in an informational advantage for the incumbent lender and …
Persistent link: https://www.econbiz.de/10012025986
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The impact of wealth on job exit rates of elderly workers
Bloemen, Hans G. - 2007
Persistent link: https://www.econbiz.de/10003408872
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Job security and liquid wealth
Figueiredo, Ana; Marie, Olivier; Markiewicz, Agnieszka - 2023
Netherlands to investigate the role of liquid wealth. Within five years of job loss, the likelihood of being a permanent worker … shock to job security. This effect is driven by workers with low liquid wealth, pointing to liquidity constraints as an …
Persistent link: https://www.econbiz.de/10014416055
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Default risk premia on government bonds in a quantitative macroeconomic model
Juessen, Falko; Linnemann, Ludger; Schabert, Andreas - 2009
Persistent link: https://www.econbiz.de/10003913174
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Default risk premia on government bonds in a quantitative macroeconomic model
Jüßen, Falko; Linnemann, Ludger; Schabert, Andreas - 2009
This paper examines the pricing of public debt in a quantitative macroeconomic model with government default risk. Default may occur due to a fiscal policy that does not preclude a Ponzi game. When a build-up of public debt makes this outcome inevitable, households stop lending such that the...
Persistent link: https://www.econbiz.de/10011379436
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Fiscal deficits, financial fragility, and the effectiveness of government policies
Kirchner, Markus; Wijnbergen, Sweder van - 2012
Persistent link: https://www.econbiz.de/10010191012
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Long-term government debt, financial fragility and sovereign default risk
Kwaak, Christiaan van der; Wijnbergen, Sweder van - 2013
Persistent link: https://www.econbiz.de/10010191409