Similar Search Results

Financial conditions and density forecasts for US output and inflation

Alessandri, Piergiorgio; Mumtaz, Haroon - 2014

When do financial markets help in predicting economic activity? With incomplete markets, the link between financial and real economy is state-dependent and financial indicators may turn out to be useful particularly in forecasting "tail" macroeconomic events. We examine this conjecture by...

Persistent link: https://www.econbiz.de/10010339756

Flight to what? : dissecting liquidity shortages in the financial crisis

Dong, Feng; Wen, Yi - 2017 - This version: August, 2017

We endogenize the liquidity and the quality of private assets in a tractable incomplete-market model with heterogeneous agents. The model decomposes the convenience yield of government bond into a "liquidity premium" (flight to liquidity) and a "safety premium" (flight to quality) over the...

Persistent link: https://www.econbiz.de/10011780935

Two sides of the same coin or two different coins? : exploring the duality of corruption in Latin America

Hugo, Ella; Savage, David; Schneider, Friedrich; … - 2021

The ambiguous phenomenon of corruption has long been the cause of great theoretical debate in economics. By using … Structural Equation Modelling, with the two types of corruption as a latent variable, this paper employs causal and indicative … variables specific to the Latin American region to test for rent seeking and systemic corruption in the period between 1980 …

Persistent link: https://www.econbiz.de/10012605890

Warrant economics, call-put policy options and the fallacies of economic theory

Hatgioannides, John; Karanassou, Marika - 2011

In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...

Persistent link: https://www.econbiz.de/10009488633

Bitcoin selection rule and foundational game theoretic representation of mining competition

Mantovi, Andrea - 2022 - This draft: January 14, 2022

Persistent link: https://www.econbiz.de/10013168194

Pareto-improving structural reforms

Saint-Paul, Gilles - 2018

Persistent link: https://www.econbiz.de/10012000626

Fiscal multipliers and financial crises

Faria-e-Castro, Miguel - 2018

What type of fiscal policy is most effective during a financial crisis? I study the macroeconomic effects of the US fiscal policy response to the Great Recession, accounting not only for standard tools such as government purchases and transfers but also for financial sector interventions such as...

Persistent link: https://www.econbiz.de/10011914285

Corruption and the curse : the dictator's choice

Sarr, Mare; Swanson, Timothy M. - 2013

corrupt economies in resource-rich countries. An empirical analysis of available corruption indices suggests that instability …-led looting provides a more fundamental explanation of perceived corruption than do various social and cultural indicators or the … economic theory of internal political competition. -- Corruption ; Dictatorship ; Lending and Indebtedness ; Looting ; Natural …

Persistent link: https://www.econbiz.de/10009702219

The making of policy : institutionalized or not?

Scartascini, Carlos G.; Tommasi, Mariano - 2009

This paper develops a framework for analyzing different policymaking styles, their causes and their consequences in Latin America, finding that lower institutionalization and greater use of alternative political technologies (APTs) are more likely the lower the cost of using these technologies,...

Persistent link: https://www.econbiz.de/10010247930

The impact of fiscal decentralization : a survey

Martinez-Vazquez, Jorge; Lago Peñas, Santiago; Sacchi, … - 2015

Persistent link: https://www.econbiz.de/10011450625

1
2
3
4
5
6
7
8
9
10
Next
Last