Showing 1 - 10 of 1,062
This paper exploits two unique features of China's history to study the effects of access to internal migration: reforms to the household registration (hukou) system, and historical migration flows. We show that temporary migration due to a government policy called the “sent-down youth”...
Persistent link: https://www.econbiz.de/10013019871
In earlier work we documented two episodes in which a sharp fiscal consolidation was associated with a very large expansions in private domestic demand. In this paper we draw on further evidence to investigate if and when fiscal policy changes can have such non-Keynesian effects. In the first...
Persistent link: https://www.econbiz.de/10013217936
This paper employs Swedish data on households' stock holdings to investigate how consumption responds to changes in stock market returns. We instrument the actual capital gains and dividend payments with past portfolio weights. Unrealized capital gains lead to a marginal propensity to consume...
Persistent link: https://www.econbiz.de/10013232918
We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US Census Bureau. We find that the average entry size for startups did not change following the deregulations. However, among firms that survived at least four years, a greater...
Persistent link: https://www.econbiz.de/10013070600
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012775797
process of interstate bank deregulation that lowered barriers to competition across U.S. states over the 1980s and 1990s with …Does an intensification of competition among banks increase or decrease liquidity creation? By integrating the dynamic … facing each individual bank. We find that regulatory-induced competition reduced liquidity creation. Consistent with some …
Persistent link: https://www.econbiz.de/10012993246
firms by estimating the effect of the pre-deregulation level of" leverage on the survival of trucking firms after the Carter … deregulation. Highly leveraged" carriers are less likely to survive the deregulation shock, even after controlling for various … charge after deregulation. " …
Persistent link: https://www.econbiz.de/10013215356
capacity on competition among" generators. We show that there may be no relationship between the effect of a transmission line …" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are … relatively small investments in transmission may yield surprisingly large" payoffs in terms of increased competition …
Persistent link: https://www.econbiz.de/10013240555
competition among large countries (US/EU) to negotiate preferential arrangements with smaller countries or regions will lower …
Persistent link: https://www.econbiz.de/10013324133
Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … theoretical perspectives and empirical results on the impact of competition on risk. In this paper, we employ a new approach for … competition materially boosts bank risk. With respect to the mechanisms, we find that competition reduces bank profits, charter …
Persistent link: https://www.econbiz.de/10012964890