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Low interest rates and executive risk-taking incentives : evidence from the United States
Castro, Paula; Tascon, Maria T.; Castaño, Francisco J.; … - In: Business research quarterly : BRQ 24 (2021) 4, pp. 324-354
incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and … managers and between shareholders and creditors, a research framework is developed to identify the influence of low interest … rates on managers’ risk-taking incentives proxied by the sensitivity of executive compensation to stock return volatility …
Persistent link: https://www.econbiz.de/10012694415
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Adverse selection in EMU
Bottazzi, Laura; Manasse, Paolo - 1998
Persistent link: https://www.econbiz.de/10000983656
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Common agency with rational expectations : theory and application to a monetary union
Dixit, Avinash K.; Jensen, Henrik - In: The economic journal : the journal of the Royal … 113 (2003), pp. 539-549
Persistent link: https://www.econbiz.de/10001781579
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Inflation contracts and inflation targets under uncertainty : why we might need conservative central bankers
Muscatelli, V. Anton - In: Economica 66 (1999), pp. 241-254
Persistent link: https://www.econbiz.de/10001431907
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Central banking as a political principal-agent problem
Fratianni, Michele - In: Economic inquiry : journal of the Western Economic … 35 (1997) 2, pp. 378-393
Persistent link: https://www.econbiz.de/10001221138
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When should central bankers be fired?
Walsh, Carl E. - 1995
Persistent link: https://www.econbiz.de/10000942376
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Monetary policy delegation, contract costs and contract targets
Chortareas, Georgios E.; Miller, Stephen M. - In: Bulletin of economic research 55 (2003) 1, pp. 101-112
Persistent link: https://www.econbiz.de/10001732713
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When should central bankers be fired?
Walsh, Carl E. - In: Economics of governance 3 (2002) 1, pp. 1-21
Persistent link: https://www.econbiz.de/10001655237
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Optimal Contracts for Central Bankers : Calls on Inflation
Ewald, Christian-Oliver - 2012
We consider a framework featuring a central bank, private and financial agents as well as a financial market. The central bank's objective is to maximize a functional, which measures the classical trade-off between output and inflation plus income from the sales of inflation linked calls minus...
Persistent link: https://www.econbiz.de/10013115968
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Monetary and Non-Monetary Incentives in Real-Effort Tournaments
Erkal, Nisvan - 2019
Results from laboratory experiments using real-effort tasks provide mixed evidence on the relationship between monetary incentives and effort provision. To examine this issue, we design three experiments where subjects participate in two-player real-effort tournaments with two prizes. Experiment...
Persistent link: https://www.econbiz.de/10012901088