Similar Search Results

Biais, Bruno; Rochet, Jean-Charles; Woolley, Paul - 2013

Persistent link: https://www.econbiz.de/10010234698

Hajda, Jakub - 2017

I develop a dynamic capital structure model to examine how the nature of risk affects firm's debt policy. In the model …, firm's fundamental risk, captured by its cash flow process, consists of transitory and persistent parts with markedly … different dynamics. The model explains the observed dispersion in the risk-leverage relationship. Firms with similar total …

Persistent link: https://www.econbiz.de/10011874719

Financial asymmetries, risk sharing and growth in the EU

Cavallaro, Eleonora; Villani, Ilaria - 2024 - 1st edition

Persistent link: https://www.econbiz.de/10014634019

Universal basic income versus unemployment insurance

Fabre, Alice; Pallage, Stéphane J.; Zimmermann, Christian - 2014

In this paper we compare the welfare effects of unemployment insurance (UI) with an universal basic income (UBI) system in an economy with idiosyncratic shocks to employment. Both policies provide a safety net in the face of idiosyncratic shocks. While the unemployment insurance program should...

Persistent link: https://www.econbiz.de/10010459671

Universal basic income versus unemployment insurance

Fabre, Alice; Pallage, Stéphane J.; Zimmermann, Christian - 2014

In this paper we compare the welfare effects of unemployment insurance (UI) with a universal basic income (UBI) system in an economy with idiosyncratic shocks to employment. Both policies provide a safety net in the face of idiosyncratic shocks. While the unemployment insurance program should do...

Persistent link: https://www.econbiz.de/10010440540

Real effects of price stability with endogenous nominal indexation

Meh, Césaire Assah; Quadrini, Vincenzo; Terajima, Yaz - 2009

We study a model with repeated moral hazard where financial contracts are not fully indexed to inflation because nominal prices are observed with delay as in Jovanovic & Ueda (1997). More constrained firms sign contracts that are less indexed to the nominal price and, as a result, their...

Persistent link: https://www.econbiz.de/10003852858