Quantitative Tightening Around the Globe: What Have We Learned?
Abstract We use recent cross‐country experiences to assess the impact of shrinking central bank balance sheets through quantitative tightening (QT). QT announcements increase government bond yields, steepening the yield curve and potentially signaling a greater commitment to raising policy interest rates, but have more limited effects on most other ...
WENXIN DU +2 more
wiley +1 more source
Deep mechanism design: Learning social and economic policies for human benefit. [PDF]
Tacchetti A +8 more
europepmc +1 more source
Aviation and the European Union Emission Trading System: A Bibliometric and Thematic Review
ABSTRACT Aviation is generally recognized as one of the most carbon intensive forms of transport. In order to tackle aviation's environmental impact, in 2012 the sector has been (partially) included in the European Union Emission Trading System (EU ETS), a market‐based mitigation mechanism designed to put a price on carbon emissions and create an ...
Riccardo Colantuono
wiley +1 more source
Twenty-five years of simulated demand: A bibliometric and systematic review of hypothetical drug purchase tasks. [PDF]
Reed DD +14 more
europepmc +1 more source
Climate Change, Demand Uncertainty, and Firms' Investments: Evidence from Planned Power Plants
ABSTRACT How does demand uncertainty affect firms' investment decisions? We examine this question in the context of electricity‐producing firms' planned investments in new power plants. We measure uncertainty about future electricity demand using plausibly exogenous variation in temperature projections across scientific climate models. The results show
CHEN LIN +2 more
wiley +1 more source
Can Small Businesses Survive Chapter 11?
ABSTRACT A majority of small U.S. businesses attempting to reorganize in bankruptcy fail to do so. Subchapter V of Chapter 11 (SubV) streamlines bankruptcy for small firms by reducing bankruptcy costs and negotiation frictions, and enables entrepreneurs to retain ownership.
EDITH HOTCHKISS +2 more
wiley +1 more source
Integrative and conjugative elements in <i>Mycoplasmopsis bovis</i> from Western Canadian feedlot cattle: characterization and conjugative transfer. [PDF]
Andres-Lasheras S +8 more
europepmc +1 more source
Transport stress induces paradoxical increases in airway inflammatory responses in beef stocker cattle. [PDF]
Jakes GM +4 more
europepmc +1 more source
ABSTRACT We study optimal simple rating systems that partition sellers into a finite number of tiers. We show that optimal ratings must be threshold partitions, and that for linear supply and Cournot competition with constant marginal cost, optimal thresholds solve a k‐means clustering problem requiring only the quality distribution.
Hugo Hopenhayn, Maryam Saeedi
wiley +1 more source
Lurking Patent Claims and Strategic Royalty Contracts
ABSTRACT This paper analyzes optimal licensing contracts when a licensee faces the risk of future infringement claims by unknown patent holders. In a setting where a noncompeting licensor contracts with a monopolistic manufacturer, fixed‐fee licensing is optimal absent such claims.
Jay Pil Choi
wiley +1 more source

