Financial Fragility and the Fiscal Multiplier
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
Imaging study of pelvic morphology in adolescent idiopathic scoliosis: a retrospective study. [PDF]
Shen Y +4 more
europepmc +1 more source
Monetary Policy When Preferences Are Quasi‐Hyperbolic
Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley +1 more source
Impact of sarcopenia on postoperative clinical outcomes in patients with cervical spondylotic myelopathy undergoing anterior cervical discectomy and fusion. [PDF]
Gong Y +12 more
europepmc +1 more source
RESEARCH ON ECONOMIC GROWTH USING THE COBB-DOUGLAS PRODUCTION FUNCTION
Muminova Makhbuba Abduvafayevna +1 more
openalex +1 more source
Adolescent with 10° to 20° Cobb scoliosis during growth: efficacy of conservative treatments. A prospective controlled cohort observational study [PDF]
Michele Romano +5 more
openalex +1 more source
CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective
Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley +1 more source
The Effect of Chelated Trace Mineral Supplementation in the Form of Proteinates on Broiler Performance Parameters and Mineral Excretion: A Meta-Analysis. [PDF]
Byrne L +3 more
europepmc +1 more source
Portfolio Optimization for Pension Purposes: Literature Review
ABSTRACT This systematic review identifies persistent challenges and gaps in the literature on pension portfolio optimization models. We searched, selected, and critically analyzed 82 articles from three major academic databases published over the past decade to investigate the barriers to the effective implementation of these models.
Leonardo Moreira +2 more
wiley +1 more source
Could Novel Spinal Braces with Flexibility, Robotic Components, and Individualized Design Generate Sufficient Biomechanical Treatment Efficacy in Patients with Scoliosis? [PDF]
He C, Xie J, Pang R, Hu B, Ma CZ.
europepmc +1 more source

