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Los beneficios del liderazgo en el mercado de depositos bancarios: una comparacion entre Cournot y Stackelberg
Ruiz-Porras, Antonio - In: EconoQuantum, Revista de Economia y Negocios 4 (2008) 2, pp. 79-105
Analizamos los efectos del liderazgo en la banca cuando existe competencia oligopolica en el mercado de depositos. Estos efectos los evaluamos comparando el desempeno de sistemas bancarios que solo difieren en sus interacciones estrategicas. Especificamente, comparamos los resultados asociados a...
Persistent link: https://www.econbiz.de/10010628399
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Los beneficios del liderazgo en el mercado de depósitos bancarios: Una comparación entre Cournot y Stackelberg
Ruiz-Porras, Antonio - Volkswirtschaftliche Fakultät, … - 2008
We analyze the effects of leadership in banking when oligopolistic competition exists in the market of deposits. We …. The results suggest that it induces high levels of deposits, of returns and of consumption for long-term depositors …. Moreover, leadership enhances financial stability and efficiency in banking. …
Persistent link: https://www.econbiz.de/10005786961
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Understanding Markov-switching rational expectations models
Farmer, Roger E.A.; Waggoner, Daniel F.; Zha, Tao - 2009
We develop a set of necessary and sufficient conditions for equilibria to be determinate in a class of forward-looking Markov-switching rational expectations models, and we develop an algorithm to check these conditions in practice. We use three examples, based on the new Keynesian model of...
Persistent link: https://www.econbiz.de/10010292280
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Fiscal rules and monetary policy in a dynamic stochastic general equilibrium model
Kremer, Jana - 2004
the conditions for monetary policy to secure stability and determinacy of the model's equilibrium depend on the fiscal … rates, the range of values of the monetary policy parameter that ensures stability and determinacy change significantly. …
Persistent link: https://www.econbiz.de/10010295662
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On L2-stability of solutions of linear stochastic delay differential equations
Gilsing, Hagen - 2003
applications. It is of interest to characterize the L2-stability (stability of second moments) of solutions of SDDE. For the class …
Persistent link: https://www.econbiz.de/10010296486
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Monetary policy, indeterminacy and learning
Evans, George W.; McGough, Bruce - 2003
The development of tractable forward looking models of monetary policy has lead to an explosion of research on the implications of adopting Taylor-type interest rate rules. Indeterminacies have been found to arise for some specifications of the interest rate rule, raising the possibility of...
Persistent link: https://www.econbiz.de/10010298274
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Stable coalitions
Carraro, Carlo; Marchiori, Carmen - 2002
This paper examines recent theoretical developments of the theory of coalition stability. It focuses on the …
Persistent link: https://www.econbiz.de/10011335673
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On the stability of cooperation structures
Haeringer, Guillaume - 2002
. We characterize the class of TU-games that ensure the stability of the full cooperation structure, which turns out to be …
Persistent link: https://www.econbiz.de/10011335692
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Would price-level targeting destabilise the economy?
Minford, Patrick; Nowell, Eric; Webb, Bruce - 2005
When indexation is endogenous price level targeting slightly adds to economic stability, contrary to widespread fears … to the contrary. The aggregate supply curve flattens and the aggregate demand curve steepens, increasing stability in the …
Persistent link: https://www.econbiz.de/10010322829
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Passive investment strategies and financial bubbles
Fischer, Thomas - 2012
In this paper, a model of bounded rational investors investing their portfolio in a passive investment vehicle (e.g., an Exchange Traded Fund replicating a broad index) or an actively managed fund is presented. The model proposes that the quick reswitching of these short-term oriented investors...
Persistent link: https://www.econbiz.de/10010323727