Showing 1 - 10 of 408
The objective of this paper to investigate the effectiveness of credit easing policy in mitigating the economic fallout from a financial recession using a model that can account for the observed default and leverage dynamics during the financial crisis of 2007. A general equilibrium model is...
Persistent link: https://www.econbiz.de/10012243296
-price declines. We find that financial distress among U.S. households amplified the sensitivity of consumption to house-price shocks …. We uncover two essential facts: (1) the decline in house prices led to an increase in household financial distress prior … to the decline in income during the recession, and (2) at the zip-code level, the prevalence of financial distress prior …
Persistent link: https://www.econbiz.de/10012137091
The Indian debt overhang issue is one of the major reasons that fresh investments are currently not being made in the scale required to promote higher growth and boost employment. Among banks the public sector banks (PSBs) are burdened with the bulk of net non-performing loans (NNPAs). These...
Persistent link: https://www.econbiz.de/10011638458
This paper describes private actors involvement in Colombia s policymaking process. While more transparent and formal channels are used to discuss horizontal policies, they are also less effective. The adoption of targeted policies, however, follows a faster track and depends more on political...
Persistent link: https://www.econbiz.de/10010247927
Persistent link: https://www.econbiz.de/10012693560
Persistent link: https://www.econbiz.de/10000864168
We consider a two-stage public goods provision game: In the first stage, players simultaneously decide if they will join a contribution group or not. In the second stage, players in the contribution group simultaneously offer contribution schemes in order to influence the government’s choice...
Persistent link: https://www.econbiz.de/10003714888
Persistent link: https://www.econbiz.de/10003740627
Persistent link: https://www.econbiz.de/10003740849
Persistent link: https://www.econbiz.de/10003870905