Title:Back to Keynes?
Author(s):VAN DER PLOEG, FrederickDate:2005Type of Publication:Article
Title:Back to Keynes?
Author(s):VAN DER PLOEG, FrederickDate:2005Type of Publication:Working PaperSeries/Report no.:CEPR discussion paperAbstract:After a brief review of classical, Keynesian, New Classical and New Keynesian theories of macroeconomic policy, we assess whether New Keynesian Economics captures the quintessential features stressed by JM Keynes. Particular ...
Title:Back to Keynes?
Author(s):VAN DER PLOEG, FrederickDate:2005Type of Publication:Working PaperSeries/Report no.:Working Paper
Title:Bank Bail-Outs, International Linkages and Cooperation
Author(s):NIEPMANN, Friederike; SCHMIDT-EISENLOHR, TimDate:2010Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Financial institutions are increasingly linked internationally and engaged in cross-border
operations. As a result, financial crises and potential bail-outs by governments have important
international implications. ...
Title:Banking across Borders: Evidence and implications
Author(s):NIEPMANN, FriederikeDate:2012Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:This thesis sheds light on the motives, the nature and the implications of banking across borders. In Chapter 1, co-authored with Tim Schmidt-Eisenlohr, I examine the challenges that increased financial integration presents ...
Title:Banking Panics and Policy Responses
Author(s):ENNIS, Huberto M.; KEISTER, ToddDate:2010Type of Publication:ArticleAbstract:When policy makers have limited commitment power, self-fulfilling bank runs can arise as an equilibrium phenomenon. We study how such banking panics unfold in a version of the Diamond and Dybvig (1983) model. A run in this ...
Title:Bankruptcy, Finance Constraints, and the Value of the Firm
Author(s):GALE, Douglas; GOTTARDI, PieroDate:2011-01-01Type of Publication:ArticleAbstract:We study a competitive model in which market incompleteness implies that debt-financed firms may default in some states of nature, and default may lead to the sale of the firms' assets at fire sale prices when a finance ...
Title:Bankruptcy: Is It Enough to Forgive or Must We Also Forget?
Author(s):ELUL, Ronel; GOTTARDI, PieroDate:2008Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In many countries, lenders are restricted in their access to information about borrowers’ past defaults. We study this provision in a model of repeated borrowing and lending with moral hazard and adverse selection. We ...
Title:Banks' Reserve Management, Transaction Costs, and the Timing of Federal Reserve Intervention
Author(s):BARTOLINI, Leonardo; BERTOLA, Giuseppe; PRATI, AlessandroDate:2001Type of Publication:ArticleAbstract:We use daily data on bank reserves and overnight interest rates to document a striking pattern in the high-frequency behavior of the US market for federal funds: depository institutions tend to hold more reserves during ...
Title:The Bargaining Family Revisited: A Comment
Author(s):MIZUSHIMA, Atsue; FUTAGAMI, KoichiDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:This paper reexamines results of Konrad and Lommerud (2000). They
construct a two-stage game model of a family. We show that their result
crucially depends on their linear payoff function and obtain an opposite result
if ...
Title:Basic Research, Development and Endogenous Growth
Author(s):DENTI, ChiaraDate:2006Type of Publication:Working PaperSeries/Report no.:Università degli Studi di Modena e Reggio Emilia, Dipartimento di Economia Politica, Materiali di discussioneAbstract:We introduce the distinction between basic research and development
nside a standard horizontal innovation framework. Multi-stage R&D is
erformed by private agents only. Basic research has the highest level of
enerality, ...
Title:Bayesian Testing of Granger Causality in Markov-Switching VARs
Author(s):DROUMAGUET, Matthieu; WOŹNIAK, TomaszDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Recent economic developments have shown the importance of spillover and contagion effects in financial markets as well as in macroeconomic reality. Such effects are not limited to relations between the levels of variables ...
Title:Bayesian Vector Autoregressive Analysis
Author(s):MARKUN, MichalDate:2011Type of Publication:ThesisSeries/Report no.:EUI PhD thesesAbstract:The dissertation investigates various aspects of Bayesian inference in time series econometrics. It consists of one expository chapter and two research papers. The first chapter presents on an easy example of a production ...
Title:Behavioural Effects of Obligations
Author(s):GALBIATI, Roberto; VERTOVA, PietroDate:2007Type of Publication:Working PaperSeries/Report no.:EUI MWPAbstract:How formal rules affect human behaviour is a crucial issue in economics. Formal rules are defined as obligations backed by incentives. The economic literature has largely focused on the role of incentives in shaping ...
Title:Being Close to Grow Faster: A network-based empirical analysis of economic globalization
Author(s):DUERNECKER, Georg; MEYER, Moritz; VEGA-REDONDO, FernandoDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Globalization features one of the major global trends which shape economic outcomes in developing and developed countries. Standard results from the empirical growth literature suggest that participation in worldwide trade ...