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: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: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: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: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 ...