Results 191 to 200 of about 2,890 (243)

Banking with Inside Money: An Efficiency Analysis

Journal of Money, Credit and Banking, EarlyView.
Abstract We show that banks do not decentralize the first best in a nominal Diamond–Dybvig economy with inside money. Furthermore, state‐contingent deposit contracts do not expand the consumption possibility set to include the first best either. Central banks can improve welfare but only for savers and only with unconventional monetary policy. Finally,
DAVID RIVERO, HUGO RODRÍGUEZ MENDIZÁBAL   +1 more
wiley   +1 more source

Amount and time exert independent influences on intertemporal choice. [PDF]

Nat Hum Behav, 2019
Amasino DR, Sullivan NJ, Kranton RE, Huettel SA.   +3 more
europepmc   +1 more source

Another Look at the (Ir)Relevance of Long‐Run Risks for Equity Risk Premia

Journal of Money, Credit and Banking, EarlyView.
Abstract I investigate the empirical asset pricing implications of a three‐factor macro model that extends the baseline consumption model Consumption Capital Asset Pricing Model (CCAPM) by adding the innovations in expected long‐run consumption growth (consumption growth news) and expected long‐run consumption variance (variance news) as risk factors ...
PAULO MAIO
wiley   +1 more source

A New Analysis on Self-Control in Intertemporal Choice and Mediterranean Dietary Pattern. [PDF]

Front Public Health, 2019
Howatt BC, Muñoz Torrecillas MJ, Cruz Rambaud S, Takahashi T.   +3 more
europepmc   +1 more source

EU ETS Market Expectations and Rational Bubbles

Journal of Money, Credit and Banking, EarlyView.
Abstract The European Union Emissions Trading System (EU ETS) experienced sharp allowance price increases from 2018 onward, prompting claims that rational bubbles were driving the surge. We reassess this hypothesis using expectations based on futures prices.
CHRISTOPH WEGENER, ROBINSON KRUSE‐BECHER, TONY KLEIN   +2 more
wiley   +1 more source

Separate Neural Networks for Gains and Losses in Intertemporal Choice. [PDF]

Neurosci Bull, 2018
Zhang YY, Xu L, Liang ZY, Wang K, Hou B, Zhou Y, Li S, Jiang T.   +7 more
europepmc   +1 more source

Twin Defaults and Bank Capital Requirements

The Journal of Finance, EarlyView.
ABSTRACT We examine optimal capital requirements in a quantitative general equilibrium model with banks exposed to nondiversifiable borrower default risk. Contrary to standard models of bank default risk, our framework captures the limited upside, but significant downside risk of loan portfolio returns.
CATERINA MENDICINO, KALIN NIKOLOV, JUAN RUBIO‐RAMIREZ, JAVIER SUAREZ, DOMINIK SUPERA   +4 more
wiley   +1 more source

Tacit Collusion in Markets Under Regulatory Threat: The Effect of Multimarket Contact on Pricing Strategies

Journal of Management Studies, EarlyView.
Abstract Firms under regulatory threat often have a collective interest in influencing policy outcomes through market behaviour. However, when coordination is prohibited and collective benefits are non‐excludable, such efforts are constrained by coordination and outcome uncertainty.
Mirko H. Benischke, Ajay Bhaskarabhatla
wiley   +1 more source

Property Rights Theory, Justice, and Reciprocity

Journal of Management Studies, EarlyView.
Abstract What really happens when situations arise that were not anticipated in contracts? The phenomenon of quiet quitting is an example of behaviour that is legally within the bounds of the contract governing a relationship while also generating variance in performance.
Douglas A. Bosse, Robert A. Phillips
wiley   +1 more source

Optogenetic dissection of basolateral amygdala contributions to intertemporal choice in young and aged rats. [PDF]

Elife, 2019
Hernandez CM, Orsini CA, Labiste CC, Wheeler AR, Ten Eyck TW, Bruner MM, Sahagian TJ, Harden SW, Frazier CJ, Setlow B, Bizon JL.   +10 more
europepmc   +1 more source