Showing 1 - 10 of 46
Persistent link: https://www.econbiz.de/10009750609
In this paper, we assess whether and to what extent financial activity in the oil futures markets has contributed to destabilize oil prices in recent years. We define a destabilizing financial shock as a shift in oil prices that is not related to current and expected fundamentals, and thereby...
Persistent link: https://www.econbiz.de/10009640835
Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on...
Persistent link: https://www.econbiz.de/10009635882
on future income realisations. Estimation results support the hypothesis that, although front-loaded, consumers have a …
Persistent link: https://www.econbiz.de/10009635925
households, we investigate these questions for the case of the European Central Bank (ECB). Our findings suggest that knowledge …
Persistent link: https://www.econbiz.de/10009640274
unobserved heterogeneity. We show that households evaluate their own debt burden partly in comparison with the debt position of …Using comparable survey data from twelve European countries from 1994 to 2001 we investigate households’ attitudes … holders relative to countries where a significant part of households uses mortgage debt. This effect is net of ppp …
Persistent link: https://www.econbiz.de/10009640403
Germans are still very fond of using cash. Of all direct payment transactions, cash accounts for an astounding 82% in terms of number, and for 58% in terms of value. With a new and unique dataset that combines transaction information with survey data on payment behaviour of German consumers, we...
Persistent link: https://www.econbiz.de/10009640426
Card issuers have mainly relied on rewards programs as their main strategic driver to increase electronic payments. However, there is scarce evidence on the effectiveness of rewards programs. This paper offers novel evidence on two key issues: i) it measures the impact of rewards programs on the...
Persistent link: https://www.econbiz.de/10009640433
We test the interest rate sensitivity of subprime credit card borrowers using a unique panel data set from a UK credit card company. What is novel about our contribution is that we were given details of a randomized interest rate experiment conducted by the lender between October 2006 and...
Persistent link: https://www.econbiz.de/10009640638
The ENCOURAGED (Energy corridor optimisation for European markets of gas, electricity and hydrogen) project has been … neighbouring countries. The objectives of the project are to: assess the economic optimal energy (electricity, gas and hydrogen …
Persistent link: https://www.econbiz.de/10009638900