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Is psychology of money a gendered affair? : a scoping review and research agenda

Sesini, Giulia; Manzi, Claudia; Lozza, Edoardo - In: International journal of consumer studies 47 (2023) 6, pp. 2701-2723

Persistent link: https://www.econbiz.de/10014427354

Gold's overly long farewell as money

Herr, Hansjörg - 2024

Today all countries have fiat money issued by a central bank. There is no obligation by a central bank to exchange its … money for gold or any other good. Central banks have the monopoly to issue central bank money and have the power to create … their money out of nothing. Creating such a monetary system is functional for a capitalist economy and must be regarded as a …

Persistent link: https://www.econbiz.de/10014632720

Economic impacts of renewable power generation technologies and the role of endogenous technological change

Lutz, Markus; Flaute, Markus; Lehr, Ulrike; Wiebe, … - 2015

This paper brings together the debate on economic impacts of renewable energy (RE) deployment and the discussion on modelling endogenous technological change on the global markets for the different renewable power generation technologies. Economic impacts of RE deployment are still mostly...

Persistent link: https://www.econbiz.de/10011372071

On the Importance of Sales for Aggregate Price Flexibility

Kryvtsov, Oleksiy; Vincent, Nicolas - 2014

Macroeconomists have traditionally ignored the behavior of temporary price markdowns ("sales") by retailers. Although sales are common in the micro price data, they are assumed to be unrelated to macroeconomic phenomena and generally filtered out. We challenge this view. First, using the 1996 -...

Persistent link: https://www.econbiz.de/10011396661

Addressing Household Indebtedness: Monetary, Fiscal or Macroprudential Policy?

Alpanda, Sami; Zubairy, Sarah - 2014

In this paper, we build a dynamic stochastic general-equilibrium model with housing and household debt, and compare the effectiveness of monetary policy, housing-related fiscal policy, and macroprudential regulations in reducing household indebtedness. The model features long-term fixed-rate...

Persistent link: https://www.econbiz.de/10011396672

Information, Risk Sharing and Incentives in Agency Problems

Xie, Jia - 2015

This paper studies the use of information for incentives and risk sharing in agency problems. When the principal is risk neutral or the outcome is contractible, risk sharing is unnecessary or completely taken care of by a contract on the outcome. In this case, information systems are ranked...

Persistent link: https://www.econbiz.de/10011396681

International Spillovers of Large-Scale Asset Purchases

Alpanda, Sami; Kabaca, Serdar - 2015

This paper evaluates the international spillover effects of large-scale asset purchases (LSAPs) using a two-country dynamic stochastic general-equilibrium model with nominal and real rigidities, and portfolio balance effects. Portfolio balance effects arise from imperfect substitution between...

Persistent link: https://www.econbiz.de/10011396682

Securitization under Asymmetric Information over the Business Cycle

Kuncl, Martin - 2015

This paper studies the efficiency of financial intermediation through securitization in a model with heterogeneous investment projects and asymmetric information about the quality of securitized assets. I show that when retaining part of the risk, the issuer of securitized assets may credibly...

Persistent link: https://www.econbiz.de/10011396684

International Transmission of Credit Shocks in an Equilibrium Model with Production Heterogeneity

Imura, Yuko; Thomas, Julia K. - 2015

Many policy-makers and researchers view the recent financial and real economic crises across North America, Europe and beyond as a global phenomenon. Some have argued that this global recession has a common source: the U.S. financial crisis. This paper investigates the extent to which a credit...

Persistent link: https://www.econbiz.de/10011396687

Managerial Compensation Duration and Stock Price Manipulation

Schroth, Josef - 2015

I build a model of optimal managerial compensation where managers each have a privately observed propensity to manipulate short-term stock prices. It is shown that this informational asymmetry reverses some of the conventional wisdom about the relationship between reliance on short-term pay and...

Persistent link: https://www.econbiz.de/10011396693