Narrow search
Showing 2,511 - 2,520 of 353,810
Cover Image
Flight to what? : dissecting liquidity shortages in the financial crisis
Dong, Feng; Wen, Yi - 2017 - This version: August, 2017
We endogenize the liquidity and the quality of private assets in a tractable incomplete-market model with heterogeneous … agents. The model decomposes the convenience yield of government bond into a "liquidity premium" (flight to liquidity) and a … and bond premiums, the model reveals that a sharp reduction in the quality, instead of the liquidity, of private assets …
Persistent link: https://www.econbiz.de/10011780935
Cover Image
Liquidity and Inefficient Investment
Hart, Oliver D. - 2013
We study the role of fiscal policy in a complete markets model where the only friction is the nonpledgeability of human capital. We show that the competitive equilibrium is constrained inefficient, leading to too little risky investment. We also show that fiscal policy following a large negative...
Persistent link: https://www.econbiz.de/10012459478
Cover Image
International Liquidity : The Fiscal Dimension
Obstfeld, Maurice - 2011
This paper argues that if policymakers seek to enhance global liquidity, then the international community must provide …
Persistent link: https://www.econbiz.de/10012461279
Cover Image
Fiscal Crisis as Failure of Progressivist Democracy
Wagner, Richard E. - 2015
The American system of political economy surely faces a fiscal crisis illustrated by but not limited to a trend of growing deficits and debt that cannot continue. What can’t continue won’t continue. In what fashion change occurs will be governed by forthcoming interactions between power and...
Persistent link: https://www.econbiz.de/10014136830
Cover Image
Fiscal Policy and Financial Depth
Caballero, Ricardo J.; Krishnamurthy, Arvind - 2004
Most economists and observers place the lack of fiscal discipline at the core of the recent Argentine crisis. This begs the question of how countries like Belgium or Italy (pre-Maastricht) could run large fiscal deficits and accumulate debts far beyond those of Argentina, without experiencing...
Persistent link: https://www.econbiz.de/10014071655
Cover Image
Bail-in oder Bail-out? : Bankeninsolvenzen aus wirtschaftspolitischer Perspektive
Göhner, Matthias M. - 2018
Persistent link: https://www.econbiz.de/10013450445
Cover Image
Bankruptcy, bubbles and bailouts : the inside history of the Treasury since 1976
Davis, Aeron - 2022
Persistent link: https://www.econbiz.de/10013337955
Cover Image
The liquidity channel of fiscal policy
Bayer, Christian; Born, Benjamin; Luetticke, Ralph - In: Journal of monetary economics 134 (2023), pp. 86-117
Persistent link: https://www.econbiz.de/10014279120
Cover Image
Fiscal Discipline and Defaults
F. de Cordoba, Gonzalo; Pujolas, Pau; Torres Chavez, … - 2023
We develop a general equilibrium model with a detailed structure of government expenditures and revenues, calibrate it to the Greek and German economies, and use it to study the link between fiscal discipline and defaults. We show that even if the Greek government had entered the Great Recession...
Persistent link: https://www.econbiz.de/10014348914