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without a banking collapse, the economy still converges to a consumption trap with positive probability. Savings are maximal …
Persistent link: https://www.econbiz.de/10011399268
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This paper provides a macroeconomic perspective for government interventions in banking crises. Such crises occur when a large number of banks fall to meet capital requirements or are insolvent. Using a macroeconomic model with financial intermediation, our analysis suggests that strict...
Persistent link: https://www.econbiz.de/10001773170
without a banking collapse, the economy still converges to a consumption trap with positive probability. Savings are maximal …
Persistent link: https://www.econbiz.de/10001606672
Persistent link: https://www.econbiz.de/10013429641
stationary war losses and premature adult mortality. If parents are altruistic and their sub-utility function for own consumption …
Persistent link: https://www.econbiz.de/10012122104
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mortality is a salient feature of the demographic landscape, either permanently or in the form of a long-period wave that … retard economic growth, even to the point of leading to an economic collapse. Premature adult mortality may exacerbate … inequality under nuclear family arrangements. Pooling mortality risks with equal treatment of all children may fend off, or even …
Persistent link: https://www.econbiz.de/10003459200
mortality is a salient feature of the demographic landscape, either permanently or in the form of a long-period wave that … retard economic growth, even to the point of leading to an economic collapse. Premature adult mortality may exacerbate … inequality under nuclear family arrangements. Pooling mortality risks with equal treatment of all children may fend off, or even …
Persistent link: https://www.econbiz.de/10012779950