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A New Metric for Banking Integration in Europe
Gropp, Reint - 2010
role of an active market for corporate control and of competition in banking integration. European listed banks … profitability appears to converge to a common level. There is weak evidence that competition eliminates high profits for these banks …
Persistent link: https://www.econbiz.de/10012757853
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Measuring Uncertainty
Jurado, Kyle - 2013
This paper exploits a data rich environment to provide direct econometric estimates of time-varying macroeconomic uncertainty, defined as the common volatility in the unforecastable component of a large number of economic indicators. Our estimates display significant independent variations from...
Persistent link: https://www.econbiz.de/10013075857
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Interest Rates and Money in the Measurement of Monetary Policy
Belongia, Michael T. - 2014
Over the last twenty-five years, a set of influential studies has placed interest rates at the heart of analyses that interpret and evaluate monetary policies. In light of this work, the Federal Reserve's recent policy of "quantitative easing," with its goal of affecting the supply of liquid...
Persistent link: https://www.econbiz.de/10013053840
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Measuring Monetary Policy
Bernanke, Ben; Mihov, Ilian - 2021
Extending the approach of Bernanke and Blinder (1992), Strongin (1992), and Christiano, Eichenbaum, and Evans (1994a, 1994b), we develop and apply a VAR-based methodology for measuring the stance of monetary policy. More specifically, we develop a 'semi-structural' VAR approach, which extracts...
Persistent link: https://www.econbiz.de/10013218416
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Measuring unemployment insurance generosity
Pallage, Stéphane J. (contributor);  … - 2008
In this paper, we develop a methodology to summarize the various policy parameters of an unemployment insurance scheme into a single generosity parameter. Unemployment insurance policies are multdimensional objects. They are typically defined by waiting periods, eligibility duration, benefit...
Persistent link: https://www.econbiz.de/10003782507
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More than the money : payoff-irrelevant terms in relational contracts
Cromwell, Erich; Goerg, Sebastian J.; Ziółkowska, Monika - 2018
In this study we use import penetration as a proxy for foreign competition in order to empirically analyze (1) the … impact of foreign competition on managerial compensation, (2) differences in the impact between Germany and the U.S and (3 … potential endogeneity problems. It turns out that foreign competition leads to an increase of average per capita executive …
Persistent link: https://www.econbiz.de/10011893429
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The Welfare State and Competitiveness
Alesina, Alberto F. - 2010
In all modern industrial countries, redistributive expenditures are a larger component of the government budget than consumption of goods and services. In this paper, we use a general equilibrium, two- country model with exportables, importables and nontradables to study redistribution across...
Persistent link: https://www.econbiz.de/10013138851
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Foreign Competition and the UK
Lake, Arthur W. - 2021
host-country research and development effort in response to foreign competition, is one of three examining the impact of …
Persistent link: https://www.econbiz.de/10013224894
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The Life-Cycle of a Competitive Industry
Jovanovic, Boyan; MacDonald, Glenn - 2021
Firm numbers first rise, and then fall as the typical industry evolves. This nonmonotonicity in the number of producers is explained in this paper using a competitive model in which innovation opportunities induce firms to enter, but in which a firm's failure to implement new technology causes...
Persistent link: https://www.econbiz.de/10013246380
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Industrial Policy Effects and the Case for Competition
Pop, Georgiana - 2020
indirect effects often involve market distortions. By contrast, the literature is broadly united on the benefits of competition … for productivity and innovation. This review finds that the most successful industrial policies reinforce competition …, suggesting that competition policy and certain types of industrial policy can be crafted as complements …
Persistent link: https://www.econbiz.de/10012647524