Showing 1 - 10 of 35
We provide empirical evidence for the existence, magnitude, and economic impact of stigma associated with banks borrowing from the Federal Reserve's discount window facility. We find that, during the height of the financial crisis, banks were willing to pay an average premium of at least 37...
Persistent link: https://www.econbiz.de/10010287025
The small decline in the value of mortgage-related assets relative to the large total losses associated with the financial crisis suggests the presence of financial amplification mechanisms, which allow relatively small shocks to propagate through the financial system. We review the literature...
Persistent link: https://www.econbiz.de/10010287115
While economists have long been interested in effects of health and human capital on productivity, less attention has been paid to the influence of time use. We investigate the productivity effects of the single largest use of time--sleep. Because sleep influences performance on memory...
Persistent link: https://www.econbiz.de/10010817512
For many environmental problems, economics adaptation will likely be the primary means by which potential damages are avoided. How and by how much humans adapt to environmental risks, therefore, is a question of paramount importance. This paper uses a novel dataset documenting the introduction...
Persistent link: https://www.econbiz.de/10011068836
The small decline in the value of mortgage-related assets relative to the large total losses associated with the financial crisis suggests the presence of financial amplification mechanisms, which allow relatively small shocks to propagate through the financial system. We review the literature...
Persistent link: https://www.econbiz.de/10008553246
We provide empirical evidence for the existence, magnitude, and economic impact of stigma associated with banks borrowing from the Federal Reserve’s discount window facility. We find that, during the height of the financial crisis, banks were willing to pay an average premium of at least 37...
Persistent link: https://www.econbiz.de/10008828503
New York Fed economists Asani Sarkar and Jeffrey Shrader examine the Federal Reserve’s recent liquidity actions in the context of studies on financial amplification mechanisms, whereby an initial financial sector shock triggers substantially larger shocks elsewhere in the sector and in the...
Persistent link: https://www.econbiz.de/10008461915
Persistent link: https://www.econbiz.de/10009921532
The small decline in the value of mortgage-related assets relative to the large total losses associated with the financial crisis suggests the presence of financial amplification mechanisms, which allow relatively small shocks to propagate through the financial system. We review the literature...
Persistent link: https://www.econbiz.de/10013069263
We provide the first revealed preference estimates of the benefits of routine weather forecasts. The benefits come from how people use advance information to reduce mortality from heat and cold. Theoretically, more accurate forecasts reduce mortality if and only if mortality risk is convex in...
Persistent link: https://www.econbiz.de/10014347414