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The viability of forward guidance as a monetary policy tool depends on the horizon over which it can be communicated and its influence on expectations over that horizon. We develop and estimate a model of imperfect central bank communications and use it to measure how effectively the Fed has...
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Wiebke Geldmacher leitet mithilfe der Strukturgleichungsanalyse sowie einer Analyse ökonomischer und sozialer Effekte ein Carsharing-Modell mit selbstfahrenden Autos als zukunftsfähiges und disruptives Mobilitätskonzept ab. Sie zeigt, dass die Einführung eines solchen Carsharing-Modells...
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- game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …
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