Results 71 to 80 of about 5,972 (232)
The Distributional Effects of Economic Uncertainty*
International Economic Review, EarlyView.ABSTRACT We study the distributional implications of uncertainty shocks by developing a model that links macroeconomic aggregates to the US distribution of earnings and consumption. Our findings suggest that the fraction of low‐earning workers decreases initially, while the share of households reporting low consumption increases.
Florian Huber +2 more
wiley +1 more source
Effects of Oil Price Shocks on the Ghanaian Economy
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2016 The economy of Ghana is highly vulnerable to fluctuations in the international price of crude oil. This is due to the fact that oil as a commodity plays a central role in the economic activities of the nation.
Dennis Nchor +2 more
doaj +1 more source
Oil and the Macroeconomy Revisited [PDF]
SSRN Electronic Journal, 1999 The relationship between oil price shocks and U.S. macroeconomic fluctuations advocated by Hamilton (1983) broke down in the 1980s amidst a new regime of highly volatile oil price movements. Several authors have argued that asymmetric and nonlinear transformations of oil prices restore that relationship and thus that the economy responds asymmetrically
openaire +1 more source
Financial Fragility and the Fiscal Multiplier
Journal of Money, Credit and Banking, EarlyView.Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK +1 more
wiley +1 more source
Macroeconomic Determinants of BRICS Property Market Returns: A Regime-Switching Approach
Finance, Accounting and Business AnalysisPurpose: The aim of the study was to examine the effect of macroeconomic variables on Brazil, Russia, India, China and South Africa’s (BRICS) property market returns under changing market conditions.
Fabian Moodley +2 more
doaj +1 more source
The Chemistry of the Macroeconomy
SSRN Electronic Journal, 2021 Asset booms and busts have accompanied or caused recent macroeconomic fluctuations. However, asset prices are not a part of GDP nor are they included in inflation calculations. Links between the financial sector and real economy are increasingly important.
openaire +1 more source
Learning in the Limit: Income Inference from Credit Extensions
The Journal of Finance, EarlyView.ABSTRACT Combining a randomized controlled trial with administrative and survey data, this paper shows that credit limit extensions significantly increase total spending and income expectations. By controlling for changes in personal income expectations, the spending response to credit limit extensions weakens by approximately 30%.
XIAO YIN
wiley +1 more source
Optimization of geological exploration [PDF]
Acta Montanistica Slovaca, 1996 The problem of optimization of geological exploration is complicated owing to the probability character of determinants, parameters and results of the exploration process and the difficulty in defining a object function.
Schejbal Ctirad
doaj
Immigration and the macroeconomy: Some new empirical evidence
Review of economic dynamics (Print), 2019 We propose a new VAR identification scheme that enables us to disentangle immigration shocks from other macroeconomic shocks. Identification is achieved by imposing sign restrictions on Norwegian data over the period 1990Q1 - 2014Q2.
F. Furlanetto, Ørjan Robstad
semanticscholar +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 +4 more
wiley +1 more source