Results 191 to 200 of about 67,306 (306)

Pollution Permits and Financing Costs

Journal of Money, Credit and Banking, EarlyView.
Abstract Effective environmental policy should consider how the financiers of polluting firms behave. We study phase III of the EU Emission Trading System. Loan spreads for cap‐and‐trade participants are a function of compliance costs, permit market features, and firms’ strategic actions.
FABIO ANTONIOU, MANTHOS D. DELIS, STEVEN ONGENA, CHRIS TSOUMAS   +3 more
wiley   +1 more source

Landscape of <i>ex vivo</i> gene therapies: Technological trends and future prospects. [PDF]

Mol Ther Methods Clin Dev
Almeida-Oliveira A, Bonamino MH, Simões M, Villaça Martins VH, Borges Freire DP, Danowski A, Catão TP, Varela JDNES, Mazzi MT, Gottgtroy CL, de Miranda Marques A, Barbosa MM, de Castro Fialho B.   +12 more
europepmc   +1 more source

The Effects of Taxation on Capital Accumulation [PDF]

Alan J. Auerbach, James R. Hines, Jr.
core  

Financial Fragility and the Fiscal Multiplier

Journal 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, SWEDER VAN WIJNBERGEN   +1 more
wiley   +1 more source

Interest Rate Pegs and the Reversal Puzzle: On the Role of Anticipation

Journal of Money, Credit and Banking, EarlyView.
Abstract We revisit the reversal puzzle: a counterintuitive contraction of inflation in response to an interest rate peg. We show that its occurrence is intimately related to the degree of agents' anticipation. If agents perfectly anticipate the peg, reversals occur depending on the duration of the peg.
RAFAEL GERKE, SEBASTIAN GIESEN, DANIEL KIENZLER   +2 more
wiley   +1 more source

Algorithmic anxiety: AI, work, and the evolving psychological contract in digital discourse. [PDF]

Front Psychol
Shekhar A, Saurombe MD.
europepmc   +1 more source

Liquidity Crises and the Market‐Maker of Last Resort

Journal of Money, Credit and Banking, EarlyView.
Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN, DAVID MARSHALL, ROBERT L. MCDONALD   +2 more
wiley   +1 more source

Industrial upgrading and new quality productive forces: evidence from Chinese industrial parks. [PDF]

Front Public Health
Li C, Wang M.
europepmc   +1 more source

Macroprudential Policy in the Euro Area

Journal 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, IVÁN PAYÁ   +1 more
wiley   +1 more source

The influence of the U.S. export controls against China on the resilience of Chinese corporates. [PDF]

PLoS One
He H, Chen P, Huang X, Li L.
europepmc   +1 more source