The lending channel is conventionally understood to transmit monetary policy through new loans. We postulate that the lending channel may also operate via the stock of existing loans. In this context, this paper documents a wide diversity in borrowers' features, loan features and price...

Our paper picks up the current controversial debate about increasing (income) inequality due to recent monetary policy measures in major advanced economies. We use a VAR framework identified with sign restrictions to figure out how income in- equality related measures react to monetary policy...

Im Auftrag des Sozialministeriums Mecklenburg-Vorpommern wurde im Zeitraum zwischen dem 25. April und dem 15. Juni 2006 durch Prof. Dr. Jost W. Kramer und Diplom-Sozialverwaltungswirtin (FH) Monika Paßmann von der Hochschule Wismar, Forschungsstelle für Kooperation, Netzwerke und...

Normal demand will return to pre-pandemic levels only when conditions for living a normal life also gradually come back. And this will not happen before a vaccine is discovered, produced and administered or a cure is in place. The article questions the wisdom of prematurely using recession...

In a world with taxes, there is a small discrepancy between the deflated WACC WACCDef and the real wacc. This is due to the (1-T) term that is in the standard expression for the WACC applied to the Free Cash Flow (FCF). We compare different approaches for valuing nominal and real cash flows with...