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The financial crisis has led to the development of an active debate on the use of macro-prudential instruments for regulating the banking system, in particular for liquidity and capital holdings. Within the context of a micro-founded macroeconomic model, we allow commercial banks to choose their...
Persistent link: https://www.econbiz.de/10010599711
The financial crisis and its aftermath has stimulated a vigorous debate on the use of macro-prudential instruments for both regulating the banking system and for providing additional tools for monetary policy makers. The widespread adoption of non-conventional monetary policies has provided some...
Persistent link: https://www.econbiz.de/10010541457
Persistent link: https://www.econbiz.de/10010543644
Persistent link: https://www.econbiz.de/10010549175
This paper analyzes the importance of social ties for eating behavior of US youth. We propose a novel approach that addresses identification of social endogenous effects. We overcome the problem of measuring the separate impact of endogenous and contextual effects on individual Body Mass Index...
Persistent link: https://www.econbiz.de/10010555486
The financial crisis and its aftermath has stimulated a vigorous debate on the use of macro-prudential instruments for both regulating the banking system and for providing additional tools for monetary policy makers. The widespread adoption of non-conventional monetary policies has provided some...
Persistent link: https://www.econbiz.de/10010558531
A multiplicative form of the habit term in the utility function has some undesirable properties if the habit function is itself still additive (Wendner, 2003). A geometric form for the way the stock of habit accumulates can resolve these shortcomings.
Persistent link: https://www.econbiz.de/10010572157
Persistent link: https://www.econbiz.de/10009402191
In multilevel modelling, interest in modeling the nested structure of hierarchical data has been accompanied by increasing attention to di¤erent forms of spatial interactions across different levels of the hierarchy. Neglecting such interactions is likely to create problems of inference, which...
Persistent link: https://www.econbiz.de/10008854673
In the canonical monetary policy model, money is endogenous to the optimal path for interest rates and output. But when liquidity provision by banks dominates the demand for transactions money from the real economy, money is likely to contain information for future output because of its impact...
Persistent link: https://www.econbiz.de/10008864746