Bank geographic deregulation, new credit accounts, and consumer credit
Journal of Financial Research, EarlyView.Abstract The bank deregulation literature documents positive effects of intrastate branching—allowing expansion of bank‐branch network within a state—on real economic outcomes such as income growth, income insurance, income inequality, and homeownership.
Chintal Ajitbhai Desai
wiley +1 more source
Market‐Triggered Contingent Capital with Incomplete Information
Journal of Money, Credit and Banking, EarlyView.Abstract We analyze the equilibria of market‐triggered contingent capital if a bank's asset value is not common knowledge. Using a global game setup with private signals, we characterize the unique equilibrium for the conversion of the market‐triggered contingent capital.
TOBIAS BERG, EVA SCHLIEPHAKE
wiley +1 more source
Impact of self-control and time perception on intertemporal choices in gain and loss situations
Frontiers in PsychologyIndividuals frequently encounter dilemmas in which they must choose between smaller, immediate gains and larger, delayed rewards; this phenomenon is known as intertemporal choice.
Weiguo Qu +8 more
doaj +1 more source
Motor response vigour and visual fixation patterns reflect subjective valuation during intertemporal choice. [PDF]
PLoS Comput Biol, 2022 Smith E, Peters J.
europepmc +1 more source
Financial Markets and R&D Investments: A Discrete-Time Model to Interpret Public Policies [PDF]
This paper introduces a discrete-time intertemporal investment model in which the flow of profits affects the risk premium on the cost of finance, and, as a consequence, the rate of discount of future profits.
Mazzoli, Marco
core
Generalizing Determinacy under Monetary and Fiscal Policy Switches: The Case of the Zero Lower Bound
Journal of Money, Credit and Banking, EarlyView.Abstract In a fixed‐regime context, it has been established since the work of Leeper (1991) that a determinate and unique equilibrium can be achieved under both monetary dominance (characterized by an active monetary policy and a passive fiscal policy) and fiscal dominance (characterized by an active fiscal policy and a passive monetary policy) regimes
SEONGHOON CHO, ANTONIO MORENO
wiley +1 more source
Monetary Policy and Government Debt
Journal of Money, Credit and Banking, EarlyView.Abstract We study how the level of government debt affects the effectiveness of monetary policy, that is, the elasticity of economic aggregates to interest rate changes. We build a New Keynesian model where fiscal policy is non‐Ricardian and government debt is risk‐free.
NICOLAS CARAMP, ETHAN FEILICH
wiley +1 more source
Percent framing attenuates the magnitude effect in a preference-matching task of intertemporal choice. [PDF]
PLoS One, 2022 Anvari F, Verdeș DD, Marchiori D.
europepmc +1 more source
The Equilibrium Set of Economies with a Continuous Consumption Space [PDF]
We study global properties of the equilibrium set of economies with a continuous consumption space. This framework is important in intertemporal allocation problems (continuous or infinite time), financial markets with uncertainty (continuous states of ...
Enrique Covarrubias
core
Tariffs and Foreign Direct Investment in a Dynamic North–South Model
Journal of Money, Credit and Banking, EarlyView.Abstract This paper examines how import tariffs by a developed country (the North) and a developing country (the South) affect innovation and foreign direct investment (FDI) using a quality ladder model. We show that a Northern import tariff raises the relative wage of Northern labor, but impedes innovation and FDI. This may worsen Northern welfare. By
TATSURO IWAISAKO, HITOSHI TANAKA
wiley +1 more source