Managed decline: Muddling through with the Sterling (dis)Agreements, 1968–74
The Economic History Review, EarlyView.Abstract How do policymakers manage the decline of an international currency? This paper revisits the view that the ‘Sterling Agreements’ of 1968–74 – bilateral contracts between the UK and sterling‐holding governments – marked a successful paradigm shift towards sterling's managed ‘retirement’.
Alan de Bromhead +3 more
wiley +1 more source
Endogenous discounting via wealth, Twin-Peaks and the role of technology [PDF]
We endogenize the discount rate via wealth and provide evidence that wealth affects the discount rate negatively. We give a necessary and sufficient condition for endogenous discounting to lead to the Twin-Peaks of economic growth and show that ...
Ingmar Schumacher
core
Does an optimistic tone in annual reports predict better financial and non‐financial performance?
European Management Review, EarlyView.Abstract In the current paper, we investigate whether management adopts an optimistic disclosure tone to impress the corporate audience or to provide incremental information (II) by anticipating positive corporate performance. Specifically, we test whether an optimistic tone in annual reports (ARs) is a positive predictor of better financial and non ...
Francesco Gangi +3 more
wiley +1 more source
Efficacy of an online positive parenting program: A randomized controlled trial
Family Relations, EarlyView.Abstract Objective This randomized controlled trial examined the effectiveness of the Quality Parenting Initiative (QPI), a 6‐week culturally adapted online positive parenting program for Chinese parents of preschoolers. Background Academic‐oriented parenting in China may limit children's opportunities for play‐based learning and socioemotional ...
Minyi Li, Ni Zhang, Shiqi Wang
wiley +1 more source
An investigation of the sound of foam and its potential influence on the shampoo experience
International Journal of Cosmetic Science, EarlyView.This study investigates shampoo foam acoustics' impact on hair washing experience using binaural recordings and psychoacoustic analysis. Distinct foam sound profiles elicited varying emotional responses; early lathering induced negative emotions while later phases were positive.
Jia Wu +5 more
wiley +1 more source
Properties of the Social Discount Rate in a Benthamite Framework with Heterogeneous Degrees of Impatience [PDF]
This paper derives the properties of the discount rate that should be applied to a public-sector project when the affected population has heterogeneous degrees of impatience.
Elyès Jouini +2 more
core
The Interaction Between Credit and Labor Market Frictions
International Economic Review, EarlyView.ABSTRACT I study a novel two‐way feedback between credit and labor market frictions. Running from credit to labor markets, amplitude in capital demand caused by collateral constraints spills over onto labor demand due to the complementarity of capital and labor; and, furthermore, credit frictions raise effective financial hiring costs, prompting firms ...
Yulia Moiseeva
wiley +1 more source
Patience with foster children as a major problem for grandparents in the role of kinship carers aged 60 + and the psychosocial determinants of this deficit. [PDF]
BMC Geriatr, 2023 Giezek M +3 more
europepmc +1 more source
Latent Process Heterogeneity in Discounting Behavior [PDF]
We show that observed choices in discounting experiments are consistent with roughly one-half of the subjects using exponential discounting and one-half using quasi-hyperbolic discounting.
E. Elisabet Rutström +2 more
core
Rational Expectations Fools' Bubbles
International Economic Review, EarlyView.ABSTRACT We develop a rational, Walrasian model of speculative bubbles inspired by the Kindleberger–Minsky view, which describes bubbles as wave‐like market processes. Touched off by an initial shock, price booms are initially self‐reinforcing but become self‐destructive later when prices surpass fundamental value.
Luis Araujo, Antonio Doblas‐Madrid
wiley +1 more source