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Division of labour and directed production

Ratto, Marisa; Schnedler, Wendelin - 2005

We examine a situation where efforts on different tasks positively affect production but are not separately verifiable and where the manager (principal) and the worker (agent) have different ideas about how production should be carried out: agents prefer a less efficient way of production. We...

Persistent link: https://www.econbiz.de/10003114944

Foreign direct investment, trade and economic development : an overview

Blanga-Gubbay, Michael; Rubínová, Stela - 2023 - Manuscript date: 12 December 2023

This paper explores the dynamic relationships between foreign direct investment (FDI), international trade, and … of investment and trade policies, pointing out the impact of Bilateral Investment Treaties (BITs) on trade flows and the … increasing inclusion of investment provisions in Regional Trade Agreements (RTAs). Third, examining global FDI trends, it shows …

Persistent link: https://www.econbiz.de/10014439852

Integrating microdata for policy needs : the ESCB experience

Perrella, Antonio; Catz, Julia - 2020

Since the financial crisis, central bank policymakers have expressed a need for more integrated microdata for monetary policy purposes and for macroprudential and microprudential supervision, with a stronger focus on lending. In response to this policy need, the European System of Central Banks...

Persistent link: https://www.econbiz.de/10012167246

Macroeconomic evolution after a production shock : the role for financial intermediation

Vinogradov, Dmitri V. - 2006 - This version: August 29, 2006

Financial intermediaries may increase economic efficiency through intertemporal risk smoothing. However without an adequate regulation, intermediation may fail to do this. This paper studies the effects of a production shock in a closed economy and compares abilities of market-based and...

Persistent link: https://www.econbiz.de/10003393903

Bank insolvencies, regulatory forbearance and ambiguity

Vinogradov, Dmitri V. - 2006 - This version: September 14, 2006

Banking regulators often practice forbearance and ambiguity in insolvency resolutions. The paper examines the effects of regulatory forbearance and ambiguity in a context of allocational efficiency. Bailouts, liquidations and their stochastic policy mix lead to suboptimal allocations if banks do...

Persistent link: https://www.econbiz.de/10003393906

Task difficulty, performance measure characteristics and the trade-off between insurance and well-allocated effort

Schnedler, Wendelin - 2006

When designing incentives for a manager, the trade-off between insurance and a "good" allocation of effort across various tasks is often identified with a trade-off between the responsiveness (sensitivity, precision, signal-noise ratio) of the performance measure and its similarity (congruity,...