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Counter-cyclical enforcement of corporate law

Aviram, Amitai - In: Yale journal on regulation 25 (2008) 1, pp. 1-33

Persistent link: https://www.econbiz.de/10003943350

Counter-Cyclical Enforcement of Corporate Law

Aviram, Amitai - 2007

Corporate and securities laws are seen to mitigate corporate fraud by 'manipulating the incentives of agents …': presenting corporate agents with a probability of being caught and punished if they commit fraud. This article suggests that the … same laws also affect corporate fraud in a significant but unappreciated manner, by 'manipulating the perceptions of the …

Persistent link: https://www.econbiz.de/10014052348

On the Futility and Hazards of Monetary Heroics

Bhide, Amar - 2017

The decentralized enterprise that sustains the dynamism of economies makes top-down monetary interventions, such as quantitative easing, that target aggregates such as overall inflation, futile. Moreover, economic stability and dynamism also require prudent, decentralized lending to...

Persistent link: https://www.econbiz.de/10012962105

Short- and Long-Run Tradeoff Monetary Easing

Oikawa, Koki - 2015

In this study, we illustrate a tradeoff between the short-run positive and long-run negative effects of monetary easing by using a dynamic stochastic general equilibrium model embedding endogenous growth with creative destruction and sticky prices due to menu costs. While a monetary easing shock...

Persistent link: https://www.econbiz.de/10013011372

The Optimal Inflation Rate Under Schumpeterian Growth

Oikawa, Koki - 2015

In this study, we analyze the relationship between inflation and economic growth. To this end, we construct a model of endogenous growth with creative destruction, incorporating sticky prices due to menu costs. Inflation and deflation reduce the reward for innovation via menu cost payments and,...

Persistent link: https://www.econbiz.de/10013023358

Technological progress and monetary policy : managing the fourth industrial revolution

Poloz, Stephen S. - 2019

This paper looks at the implications for monetary policy of the widespread adoption of artificial intelligence and machine learning, which is sometimes called the "fourth industrial revolution". The paper reviews experiences from the previous three industrial revolutions, developing a template...

Persistent link: https://www.econbiz.de/10012132152

Economics of Intellectual Capital (6) : Global Reserve Assets as a Solution to the Monetary Trilemma under Intertemporal Trade

Ziesemann, Cyndia - 2023

The antecedent studies have designed new funding with the intellectual capital money (IKM) upon trading the intellectual capital (IK) to ensure unimpeded access to it and spur its generation and exploitation. This piece examines the static and dynamic behavior of IKM in an open economy. The...

Persistent link: https://www.econbiz.de/10014346507