Indeterminacy in stochastic overlapping generations models: real effects in the long run
Sign Up to like & getrecommendations! Published in 2017 at "Economic Theory"
DOI: 10.1007/s00199-015-0947-y
Abstract: Indeterminate equilibria are known to exist for overlapping generations models, though recent research has been limited to deterministic settings in which all equilibria converge to a steady state in the long run. This paper analyzes… read more here.
Keywords: generations models; real effects; effects long; overlapping generations ... See more keywords
TEMPORARY REMOVAL: Real effects of disclosure regulation on voluntary disclosers
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DOI: 10.1016/j.jacceco.2021.101390
Abstract: Abstract I study whether mandated reporting generates real effects for firms that already voluntarily disclose the mandated information. My setting is a regulation requiring firms to disclose greenhouse gas emissions (GHGE). I find that firms… read more here.
Keywords: regulation; real effects; voluntary disclosers; temporary removal ... See more keywords
The Real Effects of Capital Requirements and Monetary Policy: Evidence from the United Kingdom
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Banking and Finance"
DOI: 10.1016/j.jbankfin.2021.106237
Abstract: Abstract We examine how changes in capital requirements and monetary policy shocks affect corporate investment during a credit boom. Our empirical analysis uses data on SMEs in the UK between 1998 and 2006, a period… read more here.
Keywords: requirements monetary; capital requirements; monetary policy; capital ... See more keywords
The real effects of relationship lending
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DOI: 10.1016/j.jfi.2021.100923
Abstract: Abstract This paper studies the real effects of relationship lending on firm activity in Italy following Lehman Brothers’ default shock and Europe's sovereign debt crisis, two different crisis situations where in the latter, bank solvency… read more here.
Keywords: firm; relationship lending; real effects; effects relationship ... See more keywords
Real effects of climate policy: Financial constraints and spillovers
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Financial Economics"
DOI: 10.1016/j.jfineco.2021.06.015
Abstract: Abstract We document that localized policies aimed at mitigating climate risk can have unintended consequences due to regulatory arbitrage by firms. Using a difference-in-differences framework to study the impact of the California cap-and-trade program with… read more here.
Keywords: policy; real effects; policy financial; climate ... See more keywords
Comment on “The real effects of financial (dis)integration: A spatial equilibrium analysis of Europe”, by Chakraborty, Hai, Holter, and Stepanchuk
Sign Up to like & getrecommendations! Published in 2017 at "Journal of Monetary Economics"
DOI: 10.1016/j.jmoneco.2016.11.004
Abstract: What are the effects of barriers to financial integration on the real economy? In the aftermath of the 2008 financial crisis and of the 2013 European sovereign debt crisis, this is a question of primary… read more here.
Keywords: integration; real effects; dis integration; comment real ... See more keywords
Sales of durable goods and the real effects of monetary policy
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DOI: 10.1016/j.red.2021.01.002
Abstract: Abstract Despite their prevalence in the microdata, sales (i.e., temporary price cuts) are often ignored by macroeconomists. If sales are taken into account, price rigidity is small in the data. Using the microdata underlying the… read more here.
Keywords: effects monetary; monetary policy; real effects; price ... See more keywords
Risk Premia and the Real Effects of Money
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DOI: 10.1257/aer.20180203
Abstract: This paper proposes a flexible-price theory of the role of money in an economy with incomplete idiosyncratic risk sharing. When the risk premium goes up, money provides a safe store of value that prevents interest… read more here.
Keywords: risk; real effects; money; effects money ... See more keywords