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An experiment on retail payments systems
Camera, Gabriele; Casari, Marco; Bortolotti, Stefania - 2014
We study the behavioral underpinnings of adopting cash versus electronic payments in retail transactions. A novel theoretical and experimental framework is developed to primarily assess the impact of sellers’ service fees and buyers’ rewards from using electronic payments. Buyers and sellers...
Persistent link: https://www.econbiz.de/10010348319
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An experiment on retail payments systems
Camera, Gabriele; Casari, Marco; Bortolotti, Stefania - 2014
We study the behavioral underpinnings of adopting cash versus electronic payments in retail transactions. A novel theoretical and experimental framework is developed to primarily assess the impact of sellers' service fees and buyers' rewards from using electronic payments. Buyers and sellers...
Persistent link: https://www.econbiz.de/10011730082
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The return of the long-run Phillips curve
Graham, Liam; Snower, Dennis J. - 2002
This paper shows that the interaction between money growth and staggered nominal contracts gives rise to a long …-run inflation-unemployment tradeoff. …
Persistent link: https://www.econbiz.de/10011415107
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On the redistributive effects of inflation : an international perspective
Boel, Paola - 2013
countries. Second, inflation acts as a regressive tax when a nominal asset other than money is held. Third, the magnitude of the …I calibrate the microfounded model in Boel and Camera (2009) to quantify the redistributive effects of inflation for a … financial assets. Second, I account for structural breaks when estimating money demand. I find that several results hold for the …
Persistent link: https://www.econbiz.de/10010202989
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On the structural interpretation of the Smets-Wouters "risk premium" shock
Fisher, Jonas D. M. - 2014
This article shows that the "risk premium" shock in Smets and Wouters (2007) can be interpreted as a structural shock to the demand for safe and liquid assets such as short-term US Treasury securities. Several implications of this interpretation are discussed.
Persistent link: https://www.econbiz.de/10010418208
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Inflation Expectations and Stability in an Overlapping Generations Experiment with Money Creation
Heemeijer, Peter - 2011
We investigate how non-specialists form inflation expectations by running an experiment using a basic Overlapping … Generations (OLG) model. The participants of the experiment are students of the University of Amsterdam, who predict inflation … increases the money supply at a constant rate. Participants are placed in separate OLG economies and are divided over two …
Persistent link: https://www.econbiz.de/10013119328
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Capital and the Business Cycle – A Synthesis (With a Didactic Exposition)
Mueller, Antony P. - 2019
This paper presents a synthesis of capital theory and business cycle analysis. Capital is the neglected child of macroeconomics. Despite its obvious importance, capital has not received the attention that it deserves in modeling the business cycle. While many business cycle models pay no or very...
Persistent link: https://www.econbiz.de/10012899774
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Analysis of the economic research context after outbreak of the economic crisis of 2007-2009
Opreana, Alin; Vinerean, Simona - In: Expert journal of economics 3 (2015) 1, pp. 77-92
In this paper it, we have conducted a factor analysis which implied determining the international research directions that have characterized the period following the outbreak of the crisis in 2007 and 2008-2011. In this research, we used secondary data that were extracted from 342 articles,...
Persistent link: https://www.econbiz.de/10012062283
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Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System
Cukierman, Alex - 2011
This paper develops a micro-founded general equilibrium model of the financial system composed of ultimate borrowers, ultimate lenders and financial intermediaries. The model is used to investigate the impact of uncertainty about the likelihood of governmental bailouts on leverage, interest...
Persistent link: https://www.econbiz.de/10013122330
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The return of the long-run Phillips curve
Graham, Liam; Snower, Dennis J. - 2002
Persistent link: https://www.econbiz.de/10013268916