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Lippi, Francesco - 2013

We study the optimal anticipated monetary policy in a flexible-price economy featuring heterogenous agents and incomplete markets, which give rise to a business cycle. In this setting money policy has distributional effects that depend on the state of the cycle. We parsimoniously characterize...

Persistent link: https://www.econbiz.de/10013073903

Saving on a rainy day, borrowing for a rainy day

Alan, Sule; Crossley, Thomas F.; Low, Hamish - 2012

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … times. We show that the rise in the aggregate savings ratio is driven by increases in uncertainty, rather than tightening of …

Persistent link: https://www.econbiz.de/10009530241

New insights into old discoveries : two kinds of markets

Smith, Vernon L. - In: International journal of the economics of business 21 (2014) 1, pp. 33-35

Persistent link: https://www.econbiz.de/10010254716

Lenders on the storm of wholesale funding shocks: Saved by the central bank?

Haan, Leo de; Vermeulen, Philip; End, Jan-Willem van den - 2016

Persistent link: https://www.econbiz.de/10011448911

Lenders on the storm of wholesale funding shocks : saved by the central bank?

Haan, Leo de; End, Jan-Willem van den; Vermeulen, Philip - 2015

Persistent link: https://www.econbiz.de/10010468548

Lenders on the Storm of Wholesale Funding Shocks : Saved by the Central Bank?

de Haan, Leo - 2015

We provide empirical evidence on banks' responses to shocks in wholesale funding, using data of 181 euro area banks over the period August 2007 to June 2013. Banks' adjustments of loan volumes and lending rates in response to funding liquidity shocks are analysed in a panel VAR framework. The...

Persistent link: https://www.econbiz.de/10013029883