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We discuss the strategic behavior of agents on a financial market in the presence of a central bank which is borrowing and lending money.
Persistent link: https://www.econbiz.de/10009452447
sector inflation expectations has become an essential channel through which this goal is achieved. This evaluation aims to … improve the understanding of how the sensitivity of private sector inflation expectations to macroeconomic surprises in South … anchoring inflation expectations. If a central bank is credible, the financial markets should react less sensitively to …
Persistent link: https://www.econbiz.de/10009480481
The inflation expectations channel of the transmission mechanism is generally recognised as crucial for the … implementation of modern monetary policy. This paper briefly reviews the practices commonly employed for measuring inflation … forward rates (called inflation compensation) on a particular day is then used as a proxy for the market's inflation …
Persistent link: https://www.econbiz.de/10009480482
trading frictions to motivate the issue of risk-spreading ‘bundled’ debt are more promising for money creation, although they … monetary theory of production that integrates the insights of Post-Keynesian monetary theory and the triangular contracts of …
Persistent link: https://www.econbiz.de/10009465939
. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method …-experimental approach to measure differences in the risk attitudes of farmers located in highflooding risk areas versus farmers located in … low flooding risk areas is followed. Changes in flooding risk relatedbehaviour over time is analysed and marginal effects …
Persistent link: https://www.econbiz.de/10009442826
the complete risk management process. An Example from a mechanical engineering company is used for the final validation of …
Persistent link: https://www.econbiz.de/10009467405
-Walrasian disequilibrium approach and describe optimizing agents. These agents use chance constraints which depict a Cash Flow at Risk approach …
Persistent link: https://www.econbiz.de/10009449067
risk aversion and models of the utility function. One particular theory (expected utility with rank dependent probabilities …"Most decisions (political, economic, and social) are made in the context of risk so the subject of human behavior … under risk is of interest to several disciplines. Social science researchers who apply experimental methods to study …
Persistent link: https://www.econbiz.de/10009468391
This thesis contributes to the development of theoretical and experimental approaches that extend the analysis of risk … preferences beyond the classical concept of expected utility theory. The thesis contains four main chapters.The first two chapters … are concerned with extensions and applications of the most promising descriptive theories of behavior under risk. In these …
Persistent link: https://www.econbiz.de/10009482308
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …
Persistent link: https://www.econbiz.de/10009432547