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Measuring uncertainty based on rounding : new method and application to inflation expectations
Binder, Carola Conces - In: Journal of monetary economics 90 (2017), pp. 1-12
Persistent link: https://www.econbiz.de/10011799215
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Central Bank Independence and Macro-Prudential Regulation
Ueda, Kenichi - 2012
We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation and monetary policy. When a central bank is in charge of price and financial stability, a new time inconsistency problem may arise. Ex-ante, the central bank chooses the...
Persistent link: https://www.econbiz.de/10013107404
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Safe Asset Demand, Global Capital Flows and Wealth Concentration
Kim, Taehoon - 2022
contribution of this role to rising wealth concentration among American households. I highlight the following points: 1) financial … globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic … households to reallocate wealth toward risky assets while impoverished households increase their debt. Wealth concentration …
Persistent link: https://www.econbiz.de/10013306735
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HIV/AIDS Contamination Risk, Savings and the Welfare Effects of Diagnostic Testing
Lammers, Judith; Meijdam, A. C.; Verbon, Harrie A. A. - 2007
This paper models the effect of a HIV/AIDS epidemic on saving behavior and studies the welfare effects of testing for HIV. The model specifies a utility function that includes both regular consumption, and medical expenditures. Medical expenditures generate more utility if individuals are HIV...
Persistent link: https://www.econbiz.de/10014224367
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How does the sensitivity of consumption to income vary over time? : international evidence
Islamaj, Ergys; Kose, M. Ayhan - 2016
integration has risen. In standard theory, greater financial integration facilitates international borrowing and lending, helping …
Persistent link: https://www.econbiz.de/10011457468
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Consumption, Income, and International Capital Market Integration
Bayoumi, Tamim - 2006
This paper uses consumption patterns across countries to measure capital market integration. It argues that earlier empirical tests of this type were potentially mis-specified and proposes a more robust specification. The results indicate that Japan was the only industrialized country for which...
Persistent link: https://www.econbiz.de/10012781610
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Consumption Smoothing Across States and Time : International Insurance vs. Foreign Loans
von Furstenberg, George M. - 2016
Persistent link: https://www.econbiz.de/10012991365
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Market Power, Fuel Substitution and Infrastructure : A Large-Scale Equilibrium Model of Global Energy Markets
Huppmann, Daniel; Egging, Ruud - 2014
Assessing and quantifying the impacts of technological, economic, and policy shifts in the global energy system requires large-scale numerical models. We propose a dynamic multi-fuel market equilibrium model that combines endogenous fuel substitution within demand sectors and in power...
Persistent link: https://www.econbiz.de/10014145945
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Durable goods and poverty measurement
Amendola, Nicola; Vecchi, Giovanni - 2014
Persistent link: https://www.econbiz.de/10010442907
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The integrated economic-environmental modelling framework : an illustration with Guatemala’s forest and fuelwood sector
Banerjee, Onil; Cicowiez, Martin; Vargas, Renato; … - 2016
, income and employment, IEEM generates indicators that describe policy impacts on the use of environmental resources, wealth …
Persistent link: https://www.econbiz.de/10011575751