Results 21 to 30 of about 188,202 (137)
Hampered Monetary Policy Transmission ‐ A Supply‐Side Story?
Abstract This paper shows that the supply side of credit is a major factor for hampered monetary policy transmission in monopolistic banking markets. Our stress test data containing projected interest rates of all 1,555 small and medium‐sized banks in Germany under two hypothetical scenarios provide a clear way to partial out demand shocks that are ...
LOTTA HECKMANN‐DRAISBACH, JULIA HARDT
wiley +1 more source
The Benefits of Access: Evidence from Private Meetings with Portfolio Firms
ABSTRACT We use large language models to analyze the content of 4,700 private meetings between a large active asset manager and its portfolio firms. The high‐level meetings convey mostly soft information about the firm, and little about industry or market. Fund manager meetings focus on business models and financial metrics, while governance specialist
MARCO BECHT +2 more
wiley +1 more source
A Structural Model of Mortgage Offset Accounts in the Australian Housing Market*
I study a novel institutional feature of Australian housing markets: the widespread use of mortgage offset accounts. These accounts reduce mortgage interest costs and increase mortgage liquidity. I build a heterogeneous agent life‐cycle model of the Australian housing market to study who uses and benefits from these mortgage products.
James Graham
wiley +1 more source
Decentralized Wind Energy Systems as Catalysts for Urban Resilience: A Design Framework
ABSTRACT Confronting the escalating extreme weather events (EWEs) and intensifying winds, this study proposes an active response to these issues by exploring decentralized wind energy production for Peng Chau Island, Hong Kong. It integrates theoretical perspectives on energy democracy—empowering local communities through energy autonomy—and urban ...
Tian Cheng
wiley +1 more source
The Conservative Hold over Scottish Civil Society: Evidence from the 1854 Edinburgh Pollbook*
Abstract As a carrier of influence and governance that stands distinct from parliamentary and municipal representation, civil society has been ascribed a particular layer of criticality in the Scottish example of the stateless nation. This article examines the voting choices made at the 1852 general election by those active within Edinburgh's voluntary
Graeme Morton
wiley +1 more source
Sustainability and Its Seven Sisters
ABSTRACT There are many concepts of sustainability. Robert Solow argued that sustainability would consist of conserving human well‐being over the “very long run”, through the interactions of the environment and other stocks in human decisions and activity.
Robert D. Cairns
wiley +1 more source
Managerial Compensation, Bonus Banks, and Long‐Term Orientation
ABSTRACT Bonus banks are multiyear performance plans for deferring bonus payments and enhancing pay‐for‐performance by facilitating downward corrections of bonuses. These compensation schemes have become widely accepted among practitioners and regulators in recent years with the aim to reduce managerial short‐termism.
Wolfgang Schultze +3 more
wiley +1 more source
Abstract Research Summary Overconfidence is widely known to influence firm decision‐making. Yet there remains confusion regarding the concept because it comprises three key aspects: overplacement, overestimation, and overprecision. Using archival data, we employ a firm‐level overconfidence construct to simultaneously analyze the impacts of both ...
Wayne G. Borchardt +3 more
wiley +1 more source
This paper conducted a unique availability and economic analysis of two energy hubs (EHs) with different capacities (2 MW and 900 kW). The proposed EH supplies the electricity and heat requirements of a high‐rise residential complex in Tehran. A new index called real availability was introduced and implemented, integrating hourly demand profiles and ...
Peyman Zaroorian +4 more
wiley +1 more source
Switzerland: Political Developments and Data in 2024
Abstract In 2024, while Switzerland was no longer grappling with immediate crises, the lingering effects of an overlapping crisis remained evident. Public dissatisfaction grew, driven by perceptions that state interventions disproportionately favoured banks and large corporations, while the needs of ordinary citizens amid a cost‐of‐living crisis were ...
RAHEL FREIBURGHAUS
wiley +1 more source

