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Die Deregulierung der Zentralbanken : Auf zu einem internationalen Markt für gute Geldpolitik!
Eichenberger, Reiner; Rossi, Sergio - In: Swiss journal of economics and statistics 140 (2004) 3, pp. 327-353
Persistent link: https://www.econbiz.de/10002383560
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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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Forward guidance contracts
Gersbach, Hans; Hahn, Volker; Liu, Yulin - 2015 - This version: May 2015
We examine "Forward Guidance Contracts", which make central bankers' utility contingent on the precision of interest-rate forecasts for some time. Such Forward Guidance Contracts are a exible commitment device and can improve economic performance when the economy is stuck in a liquidity trap....
Persistent link: https://www.econbiz.de/10010528970
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Inflation forecast contracts
Gersbach, Hans; Hahn, Volker - In: Journal of economic dynamics & control 48 (2014), pp. 26-40
Persistent link: https://www.econbiz.de/10010485839
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Monetary policy strategies : rules to Central Bank contracts under contingent target agreements
Karmann, Alexander; Funke, Norbert - In: Current issues in monetary economics : with 16 tables, (pp. 93-108). 1998
Persistent link: https://www.econbiz.de/10001303292
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Mechanism design for Central Banks : results and unsolved issues
Illing, Gerhard; Grüner, Hans Peter - In: Current issues in monetary economics : with 16 tables, (pp. 27-51). 1998
Persistent link: https://www.econbiz.de/10001303295
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Socially optimal monetary policy institutions
Jerger, Jürgen - In: European journal of political economy 18 (2002) 4, pp. 761-781
Persistent link: https://www.econbiz.de/10001713739
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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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Eqilibrium contracts for the central bank of a monetary union
Dixit, Avinash K.; Jensen, Henrik - 2000
We consider the political economy of a monetary union where member governments attempt to influence the policy of the common central bank. Modeling this as a common agency with incentive contracts, we show that if incentives are all that matters for the bank, the equilibrium implements a...
Persistent link: https://www.econbiz.de/10001554692
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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