This paper investigates the relationship between short-term interest rates and bank risk. Using a unique database that includes quarterly balance sheet information for listed banks operating in the European Union and the United States in the last decade, we find evidence that unusually low...

Thomas Huertas vom Institue for Law and Finance an der Goethe-Universität Frankfurt wirft in dem Workingpaper "Containment and Cure:Some Perspectives on the Current Crisis" hauptsächlich zwei Fragen auf: Die Frage nach der Ursache der Weltwirtschaftskrise und wie man eine solche in Zukunft...

This paper studies a overlapping generations economy with capital where limitedcommunication and stochastic relocation create an endogenous transactions role for…at money. We assume a production function with a knowledge-externality (Romer-style) that nests economies with endogenous growth (AK...

[...]This article explores the inflation puzzle andinvestigates whether compensation has acted as either atemporary restraint on inflation or as the underlying sourceof a new inflation regime.2 After reviewing the recent behavior of inflation, we specify and estimate a traditionalprice-inflation...