Results 181 to 190 of about 284,026 (327)

Time Preferences and Job Search: Evidence from France [PDF]

open access: yes
Increasing impatience reduces search efforts of unemployed job seekers and therefore decreases the exit rate from unemployment. Also, impatience reduces reservation wage and increases the exit rate.
Bassem Ben Halima, Mohamed Ben Halima
core  

Monetary Policy Shocks and Exchange Rate Dynamics in Small Open Economies

open access: yesJournal of Applied Econometrics, EarlyView.
ABSTRACT This paper investigates whether the effects of monetary policy shocks on real exchange rates have changed over time and, if so, whether these changes stem from shifts in transmission mechanisms or from variation in the volatility of the shocks themselves.
Madison Terrell   +3 more
wiley   +1 more source

High‐Frequency Instruments With Time‐Varying Reliability: Understanding Identification in Macroeconomics

open access: yesJournal of Applied Econometrics, EarlyView.
ABSTRACT The effects of monetary policy shocks are regularly estimated using high‐frequency surprises in asset prices around central bank meetings as an instrument. These studies, insofar as they explicitly model the relationship between instrument and structural shock, assume a constant relationship between the instrument and the monetary policy shock.
Pooyan Amir‐Ahmadi   +2 more
wiley   +1 more source

Behavioral Macroeconomics and the New Keynesian Model [PDF]

open access: yes
The contribution of this paper is twofold. First, a thorough presentation of the state of the art of the New Keynesian Macroeconomic model is provided.
Jan-Oliver Menz
core  

Labor Market Institutions, Fiscal Multipliers, and Macroeconomic Volatility

open access: yesJournal of Applied Econometrics, EarlyView.
ABSTRACT How do labor market institutions shape the transmission of government spending shocks and macroeconomic volatility? We develop a theoretical model in which labor market institutions affect fiscal transmission through their effect on wage rigidity, job separation, and matching frictions.
Maximilian Boeck   +2 more
wiley   +1 more source

Dynamic choices of hyperbolic consumers: the continuous time case. [PDF]

open access: yes
This paper characterizes the set of differentiable subgame perfect equilibria in a continuous time intertemporal decision optimization problem with non-constant discounting.
Ivar Ekeland, Lazrak Ali
core  

International Evidence on the Relationship Between Financial Literacy and Corporate Cash Holdings

open access: yesJournal of Corporate Accounting &Finance, EarlyView.
ABSTRACT This study is the first investigation of the relationship between corporate cash holdings and financial literacy (FL). We find that a one‐standard‐deviation increase in FL is associated with an 8%–27% reduction in corporate cash holdings, depending on the measure of FL used.
Kenneth Yung   +3 more
wiley   +1 more source

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