Showing 1 - 10 of 1,463
This paper considers the evidence of near-rationality, as described by Akerlof, Dickens, and Perry (2000). Using detailed surveys of household inflation expectations for the United States and Sweden, we find that the data are generally unsupportive of the near-rationality hypothesis. However, we...
Persistent link: https://www.econbiz.de/10014055172
Behavioral economics identifies myriad deviations from classical economic assumptions about consumer decision-making, but lacks evidence on how its diverse phenomena fit together and whether they are amenable to modeling as low-dimensional constructs. We pursue such parsimony on three fronts,...
Persistent link: https://www.econbiz.de/10012964027
I analyze the inter-vivos transfers and bequest decisions of 700,000 individuals during a period when the decision-maker receives negative news regarding life expectancy. The event that initiates the news is a health outcome. Expected mortality increases both the likelihood of transferring...
Persistent link: https://www.econbiz.de/10013307602
In the present paper it will be pointed out with a panel data econometric model that government debt puts banking sector at stake since the volume of not performing loans goes up. The estimation of the model is made feasible through the Eviews software package. The present paper is based on...
Persistent link: https://www.econbiz.de/10013118875
This doctoral dissertation analyses the transmission of monetary policy. It applies a variety of empirical methods to study how conventional and unconventional monetary policy measures transmit to different macroeconomic and financial variables. The first article analyses the effect of monetary...
Persistent link: https://www.econbiz.de/10013207407
This paper investigates the main individual driving forces of Hungarian household credit risk and measures the shockabsorbing capacity of the banking system in relation to adverse macroeconomic events. The analysis relies on survey evidence gathered by the Magyar Nemzeti Bank (MNB) in January...
Persistent link: https://www.econbiz.de/10010322421
We present a dynamic structural model of subprime adjustable-rate mortgage (ARM) borrowers making payment decisions, taking into account possible consequences of different degrees of delinquency from their lenders. We empirically implement the model using unique data sets that contain...
Persistent link: https://www.econbiz.de/10012999680
I develop a structural model of mortgage demand and lender competition to study how leverage regulation affects the equilibrium in the UK mortgage market. Using variation in risk-weighted capital requirements across lenders and across mortgages with differential loan-to-values, I show that a...
Persistent link: https://www.econbiz.de/10012911375
This paper examines regression-adjusted estimation and inference of unconditional quantile treatment effects (QTEs) under covariate-adaptive randomizations (CARs). Datasets from field experiments usually contain extra baseline covariates in addition to the strata indicators. We propose to...
Persistent link: https://www.econbiz.de/10013220025
Using administrative data on deposits and loans of every Norwegian with every Norwegian bank, we show that an existing deposit account makes a household more likely to hold deposits at the same bank later despite better alternatives and more likely to borrow there. Consistent with this, banks...
Persistent link: https://www.econbiz.de/10013492246