Similar Search Results

Black, Sandra E. - Federal Reserve Bank <New York, NY>; London School of … - 1998

[...]In this paper, I examine two methods of measuringthe value of better schools. One involves following individualsover time to determine how the quality of theirschooling affects outcomes later in their lives; the otherinvolves calculating parental valuation of better schoolstoday. I review...

Persistent link: https://www.econbiz.de/10005870215

THE CAPITAL STOCK AND EQUILIBRIUMUNEMPLOYMENT: A NEW THEORETICAL PERSPECTIVE

Kapadia, Sujit - University <Oxford> / Department of Economics - 2005

By assuming Cobb-Douglas production technology, many well-known imperfectlycompetitive macroeconomic models of the labour market (e.g. Layard, Nickell andJackman, 1991) imply that equilibrium unemployment is independent of the capitalstock. This paper introduces a new notion of capacity into the...

Persistent link: https://www.econbiz.de/10005870233

MONETARY POLICY WITH AN ENDOGENOUS CAPITAL STOCKWHEN INFLATION IS PERSISTENT

Mash, Richard - University <Oxford> / Department of Economics - 2002

The paper presents a monetary policy model with an endogenous capital stock when a backwardlooking element in wage setting causes inflation persistence. We analyse how the endogeneityof the capital stock changes the macroeconomic dynamics with which policy interacts and itsimplications for...

Persistent link: https://www.econbiz.de/10005870253

QUANTIFYING THE IMPACT OF FINANCIAL DEVELOPMENT ON ECONOMICDEVELOPMENT

Greenwood, Jeremy; Sánchez, Juan M.; Wang, Cheng - National Bureau of Economic Research <Cambridge, Mass.> - 2010

How important is financial development for economic development? A costly state verification modelof financial intermediation is presented to address this question. The model is calibrated to match factsabout the U.S. economy, such as intermediation spreads and the firm-size distribution for the...

Persistent link: https://www.econbiz.de/10005870315

ECONOMIC GROWTH WITH BUBBLES

Martin, Alberto; Ventura, Jaume - National Bureau of Economic Research <Cambridge, Mass.> - 2010

dispersion in the rates of return to investment. During bubbly episodes, unproductiveinvestors demand bubbles while productive … investors supply them. Because of this, bubbly episodeschannel resources towards productive investment raising the growth rates … of capital and output. Themodel also illustrates that the existence of bubbly episodes requires some investment to be …

Persistent link: https://www.econbiz.de/10005870349

Do Corporate Governance Motives Drive Hedge Funds and PrivateEquity Activities?

Achleitner, Ann-Kristin; Betzer, André; Gider, Jasmin - Center for Entrepreneurial and Financial Studies <München> - 2009

sufficiently long investment horizon. …

Persistent link: https://www.econbiz.de/10005870379

Symmetric cash flow-taxationand cross-border investments

Kramer, Frank - Universität <Bayreuth> / Lehrstuhl für … - 2009

The discussion about income versus consumption as the ideal tax base looks backon a long history. In recent years, the debate about income versus consumption as the bettertax base reemerged in the United States (2002) and in Germany (2006). In view of the longhistory of the debate, it is...

Persistent link: https://www.econbiz.de/10005870420

Competition and social relations between CEOs

Brenner, Steffen - 2006

The paper studies the impact of social networks on the level of within industry competition. Specifically, we examine the effect of social relations between CEOs on the propensity to cooperate with the antitrust agency during a cartel investigation.We use cartel data based on decisions by the...

Persistent link: https://www.econbiz.de/10005858167

From Fiction to Fact: The Impact of CEO Social Networks

Kirchmaier, Thomas; Stathopoulos, Konstantinos - Manchester Business School - 2008

This paper investigates the relationship between a CEO’s social network, firm identity, andfirm performance. There are two competing theories that predict contradictory outcomes.Following social network theory, one would expect a positive relation between social networksand firm performance,...

Persistent link: https://www.econbiz.de/10005870474

Social Incentives in the Workplace

Bandiera, Oriana; Barankay, Iwan; Rasul, Imran - London School of Economics and Political Science - 2009

We present evidence on social incentives in the workplace, namely on whether workers’ behavioris affected by the presence of those they are socially tied to, even in settings where thereare no externalities among workers due to either the production technology or the compensationscheme in...

Persistent link: https://www.econbiz.de/10005870960