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Consumer credit regulation and lender market power

Bethune, Zachary; Saldain, Joaquin; Young, Eric R. - 2024 - Last updated: October 8, 2024

We investigate the welfare consequences of consumer credit regulation in a dynamic, heterogeneous-agent model with … endogenous lender market power. We incorporate a decentralized credit market with search and incomplete information frictions … into an off-the-shelf Eaton-Gersovitz model of consumer credit and default. Lenders post credit offers and borrowers apply …

Persistent link: https://www.econbiz.de/10015076386

Incomplete Markets, Liquidation Risk, and the Term Structure of Interest Rates

Challe, Edouard - 2010

. The attractiveness of bonds as liquidity makes aggregate bond demand downward-sloping, so that greater bond supply raises …

Persistent link: https://www.econbiz.de/10013136237

Who moved my liquidity? : liquidity evaporation in emerging markets in periods of financial uncertainty

Múnera, Daimer J.; Agudelo, Diego A. - In: Journal of international money and finance 129 (2022), pp. 1-30

Persistent link: https://www.econbiz.de/10013448950

Solow meets Marx: Economic growth and the emergence of social class

Modalsli, Jørgen Heibø - 2011

This paper reconciles neoclassical models of economic growth (Solow) with the formation of social classes during economic transition (Marx). An environment with missing capital markets and no labor divisibility is shown to lead to a steady state with no aggregate inefficiencies, but a very...

Persistent link: https://www.econbiz.de/10010330219

Finanzmarktentwicklung, Immobilienpreise und Konsum

Dreger, Christian; Slacalek, Jiri - In: DIW Wochenbericht 74 (2007) 35, pp. 533-536

Im Euroraum und vor allem in Deutschland hat sich die Konjunktur seit dem Boom der "New Economy" lange Zeit nur verhalten entwickelt. Ein wesentlicher Grund dafür war die schwache Dynamik der Binnennachfrage, insbesondere der Konsumausgaben der privaten Haushalte. Sie haben in Deutschland in...

Persistent link: https://www.econbiz.de/10011601751

Unterscheiden sich West- und Ostdeutsche in ihrem Anlageverhalten? Empirische Evidenz auf Basis von Bankdaten

Berlemann, Michael; Luik, Marc-André - In: ifo Dresden berichtet 21 (2014) 6, pp. 27-36

Im Zuge der deutschen Wiedervereinigung wurden die formalen Institutionen in West- und Ostdeutschland schnell angeglichen. Dies galt insbesondere auch für die Kapitelmärkte. Nach Einrichtung eines Wertpapierdepots konnten nun auch Ostdeutsche risikobehaftete Wertpapiere unterschiedlichster Art...

Persistent link: https://www.econbiz.de/10011733415

Equilibrium asset prices and the wealth distribution with inattentive consumers

Finocchaiaro, Daria - 2010

This paper studies the effects of heterogeneity in planning propensity on wealth inequality and asset prices. I consider an economy populated by attentive and inattentive agents. Attentive agents plan their consumption period by period, while inattentive agents plan every other period....

Persistent link: https://www.econbiz.de/10010320790

Real effects of price stability with endogenous nominal indexation

Meh, Césaire Assah; Quadrini, Vincenzo; Terajima, Yaz - 2009

We study a model with repeated moral hazard where financial contracts are not fully indexed to inflation because nominal prices are observed with delay as in Jovanovic & Ueda (1997). More constrained firms sign contracts that are less indexed to the nominal price and, as a result, their...

Persistent link: https://www.econbiz.de/10010279925

Finance and poverty in Ethiopia: A household level analysis

Geda, Alemayehu; Shimeles, Abebe; Zerfu, Daniel - 2006

liquidity constraints that limits the ability of the rural households from consumption smoothing. The empirical findings from …

Persistent link: https://www.econbiz.de/10010284746

Macroeconomic implications of financialization

Skott, Peter; Ryoo, Soon - 2007

A growing literature suggests that 'financialization' may weaken the performance of non-financial corporations and constrain the growth of aggregate demand. This paper evaluates (some of) the claims that have been made using two alternative approaches (one derived from Skott (1981, 1988, 1989)...

Persistent link: https://www.econbiz.de/10010287829

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