Results 191 to 200 of about 5,322 (297)

Monetary Policy When Preferences Are Quasi‐Hyperbolic

open access: yesJournal of Money, Credit and Banking, EarlyView.
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

Policy Biases in a Model with Labor‐Market Frictions

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract We develop a model with labor‐market matching frictions that is subject to a range of shocks, including shocks to matching efficiency and bargaining power, and use the model to examine how monetary policy should respond to such shocks. We show that optimal monetary policy responds effectively to these shocks, producing economic outcomes that ...
RICHARD DENNIS, TATIANA KIRSANOVA
wiley   +1 more source

Dependent Articulation in the Global Pesticide Complex: Argentina's Agrochemical Industry After the Generics Market Revolution

open access: yesJournal of Agrarian Change, EarlyView.
ABSTRACT Since the late 1990s, the pesticide industry has undergone a ‘generics revolution’ as the centre of production, and trade has shifted to the global South. China and India have become major producers, capturing Latin American markets from Northern multinationals. As a major pesticide user and a key node in global supply chains, Argentina offers
Christian Berndt   +2 more
wiley   +1 more source

Does financial knowledge affect borrower discouragement among various social categories? Evidence from the United States

open access: yesJournal of Consumer Affairs, EarlyView.
Abstract A deficiency in financial knowledge often precipitates costly financial choices, affecting consumers' behavior and decision‐making. We delve into how financial acumen influences borrower discouragement by utilizing data from the U.S. Federal Reserve's Survey of Household Economics and Decision‐Making (2017–2022). Discouraged borrower describes
Anoosheh Rostamkalaei   +2 more
wiley   +1 more source

Cash Heterogeneity and the Payout Channel of Monetary Policy

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT This paper provides novel empirical evidence that cash‐rich firms have higher equity payouts and higher stock prices in response to expansionary monetary policy surprises. Stock prices rise despite weak cash‐flow, investment, and credit responses to monetary policy.
ALTAN PAZARBAŞI
wiley   +1 more source

How Immigration Policy Shapes Family and Work Decision‐Making for Immigrant Women in Professional Occupations

open access: yesJournal of Marriage and Family, EarlyView.
ABSTRACT Objective This study examines how US immigration policies shape family and work decision‐making among immigrant women employed in professional occupations who hold lawful immigration status. Background Research documents the family‐related consequences of immigration policies for undocumented, mixed‐status, and separated immigrant families ...
Kelsi L. Caywood
wiley   +1 more source

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