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Financial advice and stock market participation
Georgarakos, Dimitris; Inderst, Roman - 2011
predictions from a formal model, we present evidence that households’ trust in financial advice only matters when their perceived …
Persistent link: https://www.econbiz.de/10011605342
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Financial Advice and Stock Market Participation
Georgarakos, Dimitris - 2011
predictions from a formal model, we present evidence that households' trust in financial advice only matters when their perceived …
Persistent link: https://www.econbiz.de/10013130159
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Voluntary support and ring-fencing in cross-border banks
Lóránth, Gyöngyi; Segura, Anatoli; Zeng, Jing - 2022
We study supervisory interventions in cross-border banks under different institutional architectures in a model in which a bank may provide voluntary support to an impaired subsidiary using resources from a healthy subsidiary. While supranational architecture permits voluntary support, national...
Persistent link: https://www.econbiz.de/10014278320
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Trust and the household-bank relationship
Ampudia, Miguel; Palligkinis, Spyros - 2018
We examine the role of trust in households' decisions to hold a bank account and to switch to a new bank. We explore … well as measures of trust in the households' main bank and the banking sector. We find that households who distrust the … if they do not trust their current one. The estimated relationships persist over and above a range of socioeconomic …
Persistent link: https://www.econbiz.de/10012142028
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Comparing shocks and frictions in US and euro area business cycles: a Bayesian DSGE approach
Smets, Frank; Wouters, Raf - 2004
This paper estimates a DSGE model with many types of shocks and frictions for both the US and the euro area economy over a common sample period (1974-2002). The structural estimation methodology allows us to investigate whether differences in business cycle behaviour are due to differences in...
Persistent link: https://www.econbiz.de/10011604437
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The French block of the ESCB multi-country model
Boissay, Frédéric; Villetelle, Jean-Pierre - 2005
This paper presents the French country block of the ESCB Multi-Country Model for the euro area, which has been built in collaboration by the ECB and the Banque de France. The theoretical structure of the model is in line with most current macroeconometric models, i.e. supply factors determine...
Persistent link: https://www.econbiz.de/10011604502
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The Dutch block of the ESCB multi-country model
Angelini, Elena; Boissay, Frédéric; Ciccarelli, Matteo - 2006
The paper presents the Dutch country block of the ESCB Multi-Country Model (MCM) for the euro area. We show how a theoretical model is translated into an econometric specification and how this specification is in turn estimated and used in the projection exercises of the E(S)CB. The dynamic...
Persistent link: https://www.econbiz.de/10011604692
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Firm-specific production factors in a DSGE model with Taylor price setting
de Walque, Gregory; Smets, Frank; Wouters, Raf - 2006
This paper compares the Calvo model with a Taylor contracting model in the context of the Smets-Wouters (2003) Dynamic Stochastic General Equilibrium (DSGE) model. In the Taylor price setting model, we introduce firm-specific production factors and discuss how this assumption can help to reduce...
Persistent link: https://www.econbiz.de/10011604694
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The German block of the ESCB multi-country model
Vetlov, Igor; Warmedinger, Thomas - 2006
The paper presents the German block of the ESCB multi-country model. It builds on previous modelling work on the Area Wide Model and other country blocks of the ESCB multicountry-model. Whilst being analogous to these models in following a common modelling approach and the same theoretical...
Persistent link: https://www.econbiz.de/10011604700
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The Italian block of the ESCB multi-country model
Angelini, Elena; D’Agostino, Antonello; McAdam, Peter - 2006
This paper documents the structure, estimation and simulation properties of the Italian block of the ESCB-multi-country model (MCM). The model is used regularly as an input into Eurosystem projection exercises and, to a lesser extent, in simulation analysis. The specification of the Italian...
Persistent link: https://www.econbiz.de/10011604706