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Coordinating monetary and financial regulatory policies
Van der Ghote, Alejandro - 2018
How to conduct macro-prudential regulation? How to coordinate monetary policy and macro-prudential policy? To address …
Persistent link: https://www.econbiz.de/10011856525
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Delegation and public pressure in a threshold public goods game : theory and experimental evidence
İriş, Doruk; Lee, Jungmin; Tavoni, Alessandro - 2016
evenly among the team members, including the delegate. We find that delegation causes a small reduction in the group …
Persistent link: https://www.econbiz.de/10011457585
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Digital platforms and antitrust
Parker, Geoffrey; Petropoulos, Georgios; Van Alstyne, … - 2020
market competition and regulation in addressing these concerns. Traditional (ex-post) antitrust intervention will be less …
Persistent link: https://www.econbiz.de/10012405498
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Meaningful talk
Streb, Jorge M.; Torrens, Gustavo - 2015
is seen as a set of conventional signs that point to types, and the credibility of a message depends on the strategic …
Persistent link: https://www.econbiz.de/10011290062
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Expectations-driven liquidity traps : implications for monetary and fiscal policy
Nakata, Taisuke; Schmidt, Sebastian - 2019
We study optimal monetary and fiscal policy in a New Keynesian model where occasional declines in agents' confidence can give rise to persistent liquidity trap episodes. Unlike in the case of fundamental-driven liquidity traps, there is no straightforward recipe for mitigating the welfare costs...
Persistent link: https://www.econbiz.de/10012037377
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Designing QE in a fiscally sound monetary union
Bletzinger, Tilman; Thadden, Leopold von - 2018
This paper develops a tractable model of a monetary union with a sound fiscal governance structure and shows how in such environment the design of monetary policy above and at the lower bound constraint on short-term interest rates can be linked to well-known findings from the literature dealing...
Persistent link: https://www.econbiz.de/10011856536
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Dynamic fiscal limits and monetary-fiscal policy interactions
Battistini, Niccolò; Callegari, Giovanni; Zavalloni, Luca - 2019
This paper analyzes the impact of monetary policy on public debt sustainability through the lens of a general equilibrium model with fiscal limits. We find that the mere possibility of a binding ZLB may have detrimental effects on debt sustainability, as a kink in the Laffer curve induces a...
Persistent link: https://www.econbiz.de/10011997483
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Rethinking capital regulation : the case for a dividend prudential target
Muñoz, Manuel A. - 2020
existing capital regulation by tackling this issue. Welfare-maximizing DPTs are effective (more than the CCyB) in smoothing the … a Basel III-type of capital regulation through various channels. …
Persistent link: https://www.econbiz.de/10012241228
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Climate transition risk in the banking sector : what can prudential regulation do?
Grill, Michael; Popescu, Alexandra; Rancoita, Elena - 2024
paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation … increases the volatility of lending and output. We further show that relying on microprudential regulation alone would not be … microprudential regulation, leads to a Pareto improvement. …
Persistent link: https://www.econbiz.de/10014490442
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Energy Systems Integration: Implications for public policy
Cambini, Carlo; Congiu, Raffaele; Jamasb, Tooraj; … - 2020
Energy Systems Integration (ESI) is an emerging paradigm and at the centre of the EU energy debate. ESI takes a holistic view of the electricity, gas and heat sectors to deliver a clean, reliable and affordable energy system. By identifying and exploiting the synergies within and between the...
Persistent link: https://www.econbiz.de/10012255106