Results 101 to 110 of about 70,363 (147)
Opening the Black Box of ‘Convergence’ in the European Monetary Union: A Discursive Analysis
JCMS: Journal of Common Market Studies, EarlyView.Abstract ‘Convergence’ stands out as a prominent signifier in discourse about the European Economic and Monetary Union (EMU), recently also gaining prominence in debates within Comparative Political Economy (CPE) studies on the Eurozone crisis. However, these studies neglect the concept's endogenous deployment in EMU discourse and, therefore, how it ...
Guillermo Alonso Simón
wiley +1 more source
Social networks, promotions, and the glass‐ceiling effect
Journal of Economics &Management Strategy, Volume 34, Issue 2, Page 370-402, Summer 2025.Abstract Empirical studies show that women have lower chances of reaching top management positions, known as the glass‐ceiling effect. To study women's careers, we develop a search and matching model where job ladders consist of three hierarchical levels and workers can progress in the career by means of internal promotions or by transitioning to ...
Michael Neugart, Anna Zaharieva
wiley +1 more source
Normative Microeconomics and the Social Contract [PDF]
More than thirty years ago, the advancing mathematical economics and the emerging game theory joined forces to attack an ambitious program of social engineering in the microeconomic scale often known "mechanism design", but more accurately described as ...
Moulin, Herve
core
Personal connections, financial advisors and M&A outcomes
Journal of Financial Research, EarlyView.Abstract Personal connections (based on prior employment, educational, or social club membership overlaps) between top executives and board members of the bidding firm and those of the bidder financial advisor affect Mergers and Acquisition (M&A) outcomes.
Dobrina Jandik, Tomas Jandik, Weineng Xu
wiley +1 more source
05-05 "Teaching Ecological and Feminist Economics in the Principles Course" [PDF]
It can be difficult to incorporate ecological and feminist concerns into introductory courses based on neoclassical analysis. We have faced these issues head-on as we have worked on writing introductory economics textbooks, Microeconomics in Context ...
Julie A. Nelson, Neva Goodwin
core
Estimating background risk hedging demands from cross‐sectional data
Journal of Financial Research, EarlyView.Abstract Based on a theory of portfolio choice with non‐tradable assets, we estimate hedging demands due to background risks before and after the Great Recession for U.S households. Hedging demands related to human capital, residential property and business assets reduce financial risk‐taking, but these effects decline over the Great Recession, as does
James Brugler +2 more
wiley +1 more source
On the effect of risk aversion in bimatrix games [PDF]
Nash equilibria with identical supports are compared for bimatrix games that are different with respect to the risk aversion of player 2. For equilibria in 2 by 2-bimatrix games and for equilibria with efficient supports in coordination games it is ...
Berden,Caroline, Peters,Hans
core +1 more source
Journal of Money, Credit and Banking, Volume 57, Issue 2-3, Page 515-547, March-April 2025.Abstract We analyze differences in consumption and wealth in an estimated New Keynesian model with rational and boundedly rational households. Shocks are shown to cause consumption and wealth heterogeneity due to the “rationality bias” of boundedly rational households. This bias can be decomposed into three components, which, for certain specifications
TIM HAGENHOFF +2 more
wiley +1 more source
A Test of the Permanent Income Hypothesis When Households are Less Constrained
Journal of Money, Credit and Banking, EarlyView.Abstract In 2009, the Australian Government delivered approximately $8 billion in direct payments to households. These payments were randomly allocated over a 5‐week period. Panel model estimates show that for the average household, there was no significant disbursement effect on nondurable consumption.
EMMA AISBETT +3 more
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