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vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …
Persistent link: https://www.econbiz.de/10012170156
lead to investment and growth, they reduce the government''s ability to increase supporters'' consumption. The model … predicts that resource abundance is conductive to poor policies and, consequently, to low investment. The implications of the …
Persistent link: https://www.econbiz.de/10014400564
enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public …
Persistent link: https://www.econbiz.de/10014403515
growth and investment, and new cross-country evidence on the link between corruption and the composition of government …
Persistent link: https://www.econbiz.de/10014397962
mitigation policy. We extend such a model to include optimal policies for mitigation, adaptation and infrastructure investment … accomplishes the objective of keeping the CO2 levels within bound is characterized by a significant proportion of investment in … immediately, but during the initial period, they account for a smaller proportion of government's public investment …
Persistent link: https://www.econbiz.de/10011978566
It takes many years for more efficient electronic payments to be widely used, and the fees that merchants (consumers) pay for using those services are increasing (decreasing) over time. We address these puzzles by studying payments system evolution with a dynamic model in a twosided market...
Persistent link: https://www.econbiz.de/10012009590
This paper derives an equilibrium for a competitive multi-stage game in which an agents'' current action influences his probability of survival into the next round of play. This is directly relevant in banking, where a banks'' current lending and pricing decisions determines its future...
Persistent link: https://www.econbiz.de/10014400165
As climate change looms larger, many look to sustainable investing that incorporates environmental, social, and governance (ESG) concerns as part of the way forward. To assess scope for ESG-conscious investing to achieve climate change goals, we explore the link between emissions growth and ESG...
Persistent link: https://www.econbiz.de/10012605057
Recent research in financial economics has shown that rare large disasters have the potential to disrupt financial sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback e?ects on the macroecon-omy. Research on disaster risks has...
Persistent link: https://www.econbiz.de/10012102117
-challenged world, and the importance of infrastructure investment geared toward such systems changes. The key policies to enable the … transition are: public spending on and investment frameworks for sustainable infrastructure, pricing carbon, regulations …
Persistent link: https://www.econbiz.de/10012612346