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El-Shagi, Makram - 2010

run role of excess liquidity (that we estimate endogeneously) for inflation is taken into account. …

Persistent link: https://www.econbiz.de/10010271405

Reynard, Samuel; Schabert, Andreas - 2009

conditions, i.e. the varying liquidity value ofeligible assets and the associated risk. This induces a liquiditypremium, which …

Persistent link: https://www.econbiz.de/10010325945

Credit risk transfers and the macroeconomy

Faia, Ester - 2010

credit risk transfer. The possibility of transferring credit reduces the impact of liquidity shocks on bank balance sheets …

Persistent link: https://www.econbiz.de/10011605302

Understanding liquidity shortages during severe economic downturns

Atolia, Manoj; Marquis, Milton H. - 2009

Persistent link: https://www.econbiz.de/10014306477

Sequential optimization, front-loaded information, and U.S. consumption

Willman, Alpo - 2007

In an overlapping generations maximization framework with consumers, whose information on uncertain future income realizations is front loaded, a closed form aggregate consumption function with CRRA preferences is derived. To have a closed form solution we assume that consumers solve their...

Persistent link: https://www.econbiz.de/10011604811

The Theory of the Demand for Health Insurance

Nyman, John A. - 2001

Conventional theory holds that moral hazard - the additional health care purchased as a result of becoming insured - is … less than its costs. The theory of the demand for health insurance presented here suggests that moral hazard is primarily …

Persistent link: https://www.econbiz.de/10010263363

Háztartási fogyasztói magatartás és jólét Magyarországon: Kísérlet egy modell adaptációjára

Cseres-Gergely, Zsombor; Molnár, György - 2008

from investigations based on economic theory. The study sets out to fill the gap with an estimate based on the now …

Persistent link: https://www.econbiz.de/10010494363

The money-age distribution: empirical facts and limited monetary models

Heer, Burkhard; Maußner, Alfred; McNelis, Paul D. - 2007

The money-age distribution is hump-shaped for the US post-war economy. There is no clear cut relation between the variation of money holdings within generations and age. Furthermore, money is found to be only weakly correlated with both income and wealth. We analyze three motives for money...

Persistent link: https://www.econbiz.de/10010275795

Another look at yield spreads: Monetary policy and the term structure of interest rates

Kim, Dong-heon - 1998

Liquidity plays an important role in explaining how banks determine their allocation of funds. This paper analyses … liquidity in a manner similar to that used to study household need for liquidity, namely, by using a cash-in-advance type model … maintained hypothesis concerning the liquidity premium and default risk premium. This paper confirms the finding that monetary …

Persistent link: https://www.econbiz.de/10010301772

Interbank lending, credit risk premia and collateral

Heider, Florian; Hoerova, Marie - 2009

We study the functioning of secured and unsecured inter-bank markets in the presence of credit risk. The model generates empirical predictions that are in line with developments during the 2007-2009 financial crises. Interest rates decouple across secured and unsecured markets following an...

Persistent link: https://www.econbiz.de/10011605153

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