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Does bargaining matter in the small firm's matching model?
l’Haridon, Olivier; Malherbet, Franck; Pérez-Duarte, … - 2011
viewpoint, we extend a somewhat flexible search-matching economy to alternative bargaining solutions. In particular, we prove …-known bargaining solutions. We apply the Nash, the Egalitarian and the Kalai-Smorodinsky bargaining solutions in the small firm … these solutions in search-matching economies. Our results are twofold. First from the theoretical and methodological …
Persistent link: https://www.econbiz.de/10011605405
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Modeling emergence of the interbank networks
Hałaj, Grzegorz; Kok, Christoffer - 2014
Interbank contagion has become a buzzword in the aftermath of the financial crisis that led to a series of shocks to the interbank market and to periods of pronounced market disruptions. However, little is known about how interbank networks are formed and about their sensitivity to changes in...
Persistent link: https://www.econbiz.de/10011605691
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Bank bailouts and competition - Did TARP distort competition among sound banks?
Koetter, Michael; Noth, Felix - 2015
This study investigates if the Troubled Asset Relief Program (TARP) distorted price competition in U.S. banking. Political indicators reveal bailout expectations after 2009, manifested as beliefs about the predicted probability of receiving equity support relative to failing during the TARP...
Persistent link: https://www.econbiz.de/10011605849
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Inside asset purchase programs: the effects of unconventional policy on banking competition
Koetter, Michael; Podlich, Natalia; Wedow, Michael - 2017
We test if unconventional monetary policy instruments influence the competitive conduct of banks. Between q2:2010 and q1:2012, the ECB absorbed €218 billion worth of government securities from five EMU countries under the Securities Markets Programme (SMP). Using detailed security holdings...
Persistent link: https://www.econbiz.de/10011606062
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Does Bargaining Matter in the Small Firm's Matching Model?
l'Haridon, Olivier - 2011
viewpoint, we extend a somewhat flexible search-matching economy to alternative bargaining solutions. In particular, we prove …-known bargaining solutions. We apply the Nash, the Egalitarian and the Kalai-Smorodinsky bargaining solutions in the small firm … these solutions in search-matching economies. Our results are twofold. First from the theoretical and methodological …
Persistent link: https://www.econbiz.de/10013123030
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Inside Asset Purchase Programs : The Effects of Unconventional Policy on Banking Competition
Koetter, Michael - 2017
We test if unconventional monetary policy instruments influence the competitive conduct of banks. Between q2:2010 and q1:2012, the ECB absorbed €218 billion worth of government securities from five EMU countries under the Securities Markets Programme (SMP). Using detailed security holdings...
Persistent link: https://www.econbiz.de/10012963132
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Modeling Emergence of the Interbank Networks
Halaj, Grzegorz - 2014
Interbank contagion has become a buzzword in the aftermath of the financial crisis that led to a series of shocks to the interbank market and to periods of pronounced market disruptions. However, little is known about how interbank networks are formed and about their sensitivity to changes in...
Persistent link: https://www.econbiz.de/10013058651
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Bank Bailouts and Competition - Did TARP Distort Competition Among Sound Banks?
Koetter, Michael; Noth, Felix - 2015
This study investigates if the Troubled Asset Relief Program (TARP) distorted price competition in U.S. banking. Political indicators reveal bailout expectations after 2009, manifested as beliefs about the predicted probability of receiving equity support relative to failing during the TARP...
Persistent link: https://www.econbiz.de/10013020652
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The cyclical behavior of equilibrium unemployment and vacancies revisited
Hagedorn, Marcus; Manovskii, Iourii - 2008
Recently, a number of authors have argued that the standard search model cannot generate the observed business … bargaining weights. Our calibration implies that the model is, in fact, consistent with the data. …
Persistent link: https://www.econbiz.de/10011604899
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Monetary policy and fears of financial instability
Brousseau, Vincent; Detken, Carsten - 2001
Exploiting a specific sunspot equilibrium in a standard forward-looking New Keynesian model, we present an example of a possible conflict between short-term price stability and financial stability. We find a conflict because the sunspot process consists of a self-fulfilling belief linking the...
Persistent link: https://www.econbiz.de/10011604135