Results 171 to 180 of about 63,609 (288)

Financial Fragility and the Fiscal Multiplier

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK   +1 more
wiley   +1 more source

Heterogeneous Effects of Monetary Policy Shocks: Evidence from the Czech Labor Market

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract Using unique contract‐level data from the Czech labor market, we investigate how monetary policy shocks, identified by the high‐frequency surprises in interest rate futures, affect the distribution of wages and hours worked. Consistent with existing literature, our findings indicate that low‐wage groups are more impacted by these shocks than ...
MONIKA JUNICKE   +3 more
wiley   +1 more source

Macroprudential Policy in the Euro Area

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract This paper examines the development and impact of macroprudential policies in the euro area. We construct a novel index that captures the stance of macroprudential policy, and we highlight its main stylized facts since the inception of the euro in 1999. We combine a narrative approach and a structural VAR method to show that both unanticipated
ÁLVARO FERNÁNDEZ‐GALLARDO   +1 more
wiley   +1 more source

Do robots boost productivity? A quantitative meta‐study

open access: yesJournal of Economic Surveys, EarlyView.
ABSTRACT This meta‐study analyzes the productivity effects of industrial robots. More than 1800 estimates from 85 primary studies are collected. The meta‐analytic evidence suggests that robotization has so far provided, at best, a small boost to productivity. There is strong evidence of publication bias in the positive direction.
Florian Schneider
wiley   +1 more source

Harnessing Human Mobility Data for Applied Economic Research: Current Knowledge, Challenges, and Emerging Opportunities

open access: yesJournal of Economic Surveys, EarlyView.
ABSTRACT This paper reviews how large‐scale mobility data can enhance economic analyses, highlighting its contributions to understanding travel behavior, labor markets, social interactions, and health outcomes. We discuss its advantages over traditional mobility data sources, which include real‐time location information and fine spatial resolution ...
Cristina Connolly   +3 more
wiley   +1 more source

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