Showing 1 - 10 of 233
Every crisis should teach us a valuable lesson. However, it seems that we learn almost nothing since they still occur … of protectionist measures or, in other words, the second cause was actually the state’s interventionism. …
Persistent link: https://www.econbiz.de/10011260392
mentioning like monetary expansion, state interventionism, excessive regulation, lack of regulation, low level of consumption … for triggering the economic crisis, in fact we can talk about a consistent number of factors that include some worth …
Persistent link: https://www.econbiz.de/10009368464
In the wake of the Financial Crisis and the subsequent Great Recession several commentators have suggested that the …
Persistent link: https://www.econbiz.de/10011156996
In the wake of the Financial Crisis and the subsequent Great Recession several commentators have suggested that the …
Persistent link: https://www.econbiz.de/10011157002
This paper addresses the following questions: which was the contribution of banks’assets to the US’ expansion in the … period until the financial crisis? Did commercial banks respect capital requirements? The two questions are strictly … dealers, mutual funds, etc.) that steadily increased until the crisis. Its effects over real economy could be investigated in …
Persistent link: https://www.econbiz.de/10011258987
In this paper we present a macroeconomic microfounded framework with heterogeneous agents – households, firms, banks – which interact through a decentralized matching process presenting common features across four markets – goods, labor, credit and deposit. We study the dynamics of the...
Persistent link: https://www.econbiz.de/10011259514
In the present paper we analyse the role of dividends distributed by firms and banks, highlighting the effects of their increase on financial instability and macroeconomic dynamics. During the last decades, the financialisation of nonfinancial corporations has been characterised by a shift from...
Persistent link: https://www.econbiz.de/10011260235
Starting from the agent-based decentralized matching macroeconomic model proposed in Riccetti et al. (2012), we explore the effects of banking regulation on macroeconomic dynamics. In particular, we study the overall credit exposure and the lending concentration towards a single counterparty,...
Persistent link: https://www.econbiz.de/10011110721
The aim of this paper is to investigate the relationship between increasing inequality and financial fragility in an agent based macroeconomic model. We analyse the effects of a non-linear relationship between wealth and consumption on the evolution of the economic system. Preliminary results...
Persistent link: https://www.econbiz.de/10011114106
We study labor productivity in agriculture within a two-region, two factor and two commodity economy. Increases in productivity can lead to higher or to lower agricultural prices, depending on the internal structure of the economy. We give necessary and sufficient conditions for either outcome;...
Persistent link: https://www.econbiz.de/10005836911