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Restoring rational choice : the challenge of consumer financial regulation

Campbell, John Y. - 2016

Persistent link: https://www.econbiz.de/10011618257

Political referenda and investment : evidence from Scotland

Azqueta-Gavaldon, Andres - 2020

We present evidence that referenda have a significant, detrimental outcome on investment. Employing an unsupervised … policy-related uncertainty. Examining the relationship of these indices with investment on a longitudinal panel of 3 … uncertainty to investment. Our preferred specification suggests that a one standarddeviation increase in Brexit uncertainty …

Persistent link: https://www.econbiz.de/10012212854

Ramsey monetary policy with labour market frictions

Faia, Ester (contributor) - 2007

This paper studies the design of optimal monetary policy (in terms of unconstrained Ramsey allocation) in a framework with sticky prices and matching frictions. Furthermore I consider the role of real wage rigidities. Optimal policy features significant deviations from price stability in...

Persistent link: https://www.econbiz.de/10003410434

Infinite-dimensional VARs and factor models

Chudik, Alexander; Pesaran, M. Hashem - 2009

This paper introduces a novel approach for dealing with the "curse of dimensionality" in the case of large linear dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the number of endogenous variables tends to infinity. It is...

Persistent link: https://www.econbiz.de/10003831142

The Feldstein-Horioka fact

Giannone, Domenico (contributor); Lenza, Michele (contributor) - 2008

investment rates observed in OECD countries. We find that once controlling for general equilibrium effects the saving …

Persistent link: https://www.econbiz.de/10003748972

Investing in crises

Baron, Matthew; Laeven, Luc; Pénasse, Julien; Usenko, … - 2021

We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2018. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find returns of equity and other asset classes generally underperform after banking...

Persistent link: https://www.econbiz.de/10012518234

Monetary policy and intangible investment

Döttling, Robin; Ratnovski, Lev - 2020

We contrast how monetary policy affects intangible relative to tangible investment. We document that the stock prices … total investment in firms with more intangible assets responds less to monetary policy, and that intangible investment … responds less to monetary policy compared to tangible investment. We identify two mechanisms behind these results. First, firms …

Persistent link: https://www.econbiz.de/10012244772

The effect of bank shocks on firm-level and aggregate investment

Amador, João; Nagengast, Arne J. - 2016

Persistent link: https://www.econbiz.de/10011618381

Firm heterogeneity, capital misallocation and optimal monetary policy

González, Beatriz; Nuño, Galo; Thaler, Dominik; … - 2024

heterogeneous firms and financial frictions. In the model, firms with a high return to capital increase their investment more …

Persistent link: https://www.econbiz.de/10014484281

Exchange rate stabilization in developed and underdeveloped capital markets

Chmelarova, Viera (contributor); … - 2006

The target zone model by Krugman (1991) assumes that foreign exchange intervention targets exchange rate levels. We argue that the fit of this model depends on the stage of development of capital markets. Foreign exchange intervention of countries with highly developed capital markets is in line...

Persistent link: https://www.econbiz.de/10003337240