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Buch, Claudia M.; Lusinyan, Lusine - 2000

One key focus of the on-going debate on the integration of international financial markets have been measures to lengthen the maturity of foreign debt. Short-term debt is typically considered to be volatile and thus a potential trigger of currency crises. In contrast to the vivid policy debate...

Persistent link: https://www.econbiz.de/10011472278

Confronting the representative consumer with household-size heterogeneity

Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2010

Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...

Persistent link: https://www.econbiz.de/10008699605

A theory of price adjustment under loss aversion

Ahrens, Steffen; Pirschel, Inske; Snower, Dennis J. - 2014

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility gains from price decreases of equal magnitude. Price...

Persistent link: https://www.econbiz.de/10010341721

Does domestic offshoring precede international offshoring? : Industry-level evidence

Bade, Franz-Josef; Bode, Eckhardt; Cutrini, Eleonora - 2011

This paper presents descriptive evidence suggesting that there may be something to be learned about the future patterns of international offshoring from the recent patterns of “domestic offshoring”, the relocation of activities across regions within countries. Industries appear to offshore...

Persistent link: https://www.econbiz.de/10009011341

Exposure to war and its labor market consequences over the life cycle

Braun, Sebastian; Stuhler, Jan - 2023

With 70 million dead, World War II remains the most devastating conflict in history. Of the survivors, millions were displaced, returned maimed from the battlefield, or spent years in captivity. We examine the impact of such wartime experiences on labor market careers and show that they often...

Persistent link: https://www.econbiz.de/10013554737

Optimal health and retirement policies amid population aging

Hostenkamp, Gisela (contributor); … - 2008

This paper develops a simple analytical framework in which optimal health and retirement policies amid population aging can be discussed. To be efficient, these policies must recognize and exploit the dynamic complementarities between the timing of retirement, the size of lifecycle labour income...

Persistent link: https://www.econbiz.de/10003722614

An economic and environmental assessment of carbon capture and storage (CCS) power plants :a case study for the city of Kiel

Lindner, Sören; Peterson, Sonja; Windhorst, Wilhelm - 2009

In the next years several power plants throughout Europe have to be replaced and the questions is whether to build coal fired power plants with carbon capture and storage (CCS). In a study for the city of Kiel in northern Germany only a 800 MW coal power plant reaches a required minimum...

Persistent link: https://www.econbiz.de/10003850636

Emergence of a core-periphery structure in a simple dynamic model of the interbank market

Lux, Thomas - 2014

connections 3merges from idiosyncratic liquidity shocks. Banks initially choose potential trading partners randomly, but form … banks mediating between the liquidity needs of many smaller banks. Statistical analysis shows that this evolving interbank …

Persistent link: https://www.econbiz.de/10010347389

Sovereign vs. corporate debt and default : more similar than you think

Gopinath, Gita; Meyer, Josefin; Reinhart, Carmen M.; … - 2025 - This draft: April 2025

Theory suggests that corporate and sovereign bonds are fundamentally different, also because sovereign debt has no bankruptcy mechanism and is hard to enforce. We show empirically that the two assets are more similar than you think, at least when it comes to high-yield bonds over the past 20...

Persistent link: https://www.econbiz.de/10015359865

Spatial distribution of housing liquidity

Osswald do Amaral, Francisco; Toth, Mark; Zdrzalek, Jonas - 2025 - This draft September 2025

This paper examines the relationship between location, liquidity, and prices in housing markets. We construct spatial … datasets for German and U.S. cities and show that liquidity and prices decline with distance to the city center. To rationalize …-side preferences and search frictions for understanding liquidity and asset prices. …

Persistent link: https://www.econbiz.de/10015454995