Results 31 to 40 of about 9,266 (214)
Central Bank Digital Currency with Collateral‐Constrained Banks
Journal of Money, Credit and Banking, EarlyView.Abstract We analyze risks to bank intermediation following the introduction of a central bank digital currency (CBDC) competing with commercial bank deposits as households' source of liquidity. We revisit the equivalence of payment systems result, introducing a collateral constraint on banks' borrowing from the central bank.
HANFENG CHEN, MARIA ELENA FILIPPIN
wiley +1 more source
Mandate Models and the Inelastic Market Hypothesis
Mathematical Finance, EarlyView.ABSTRACT The aggregate equity market displays only small price elasticity; in particular, macroeconomic allocations in and out of the equity market lead to surprisingly large impacts on stock valuations. Gabaix and Koijen study this phenomenon and provide a theoretical framework to explain the observed price inelasticity. They consider financial agents
Johannes Ruf, Yueying Sun
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Modigliani e l'ordine internazionale
, 1983 Il saggio ricostruisce la visione politica di Giuseppe Emanuele Modigliani per quanto riguarda l'ordine internazionale, dove è centrale sia il tema della pace che quello dell'Europa ...
LANDUYT, ARIANE
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Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation
Metroeconomica, EarlyView.ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
wiley +1 more source
Implicazioni a lungo periodo di politiche fiscali alternative e l'onere del debito pubblico.
Moneta e Credito, 2014 Lo scopo del presente scritto è quello di sviluppare un metodo di analisi piuttosto che quello di presentare una nuova dottrina. Per questa ragione l’autore si propone di riallacciare la sua analisi alle posizioni sostenute nel passato dai principali ...
F. MODIGLIANI
doaj +1 more source
Social welfare effects of annuitization in small open economies
The Scandinavian Journal of Economics, EarlyView.Abstract This paper develops a theory of when annuitization improves or reduces social welfare. The analysis is based on a small open economy with exogenous prices, populated by overlapping generations of non‐altruistic agents. Annuities provide longevity risk insurance and above‐market returns, but also reduce accidental bequests that transfer ...
Tim D. Maurer
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Moneta e Credito, 2012 A poco più di un anno dalla scomparsa di Franco Modigliani, l’Accademia Nazionale dei Lincei ha ritenuto doveroso dedicare, di intesa con la Banca d’Italia e il suo Governatore, a questo suo socio di fama mondiale un Convegno internazionale.
Giovanni Conso
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Swiss Political Science Review, EarlyView.Abstract Recently, the socio‐economic agenda of populist radical right parties (PRRPs) has attracted growing scholarly interest, yet many studies focus specifically on positions on welfare policies. It is often argued that economic issues are of secondary importance to PRRPs, or that their positions are deliberately blurred to maximize electoral appeal.
Emmanuel Dalle Mulle +3 more
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From theory to practice in macroeconomic models: post-Keynesian eclecticism
PSL Quarterly Review, 2012 This paper re-examines and discusses the contribution of Franco Modigliani in the construction of macroeconomic models used for prediction and for the development of economic policies.
Ignazio Visco
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Green Talk, Costly Walk: The Financial Cost of Greenwashing
Business Strategy and the Environment, Volume 35, Issue 6, Page 8589-8609, September 2026.ABSTRACT This study investigates the financial consequences of greenwashing, operationalized as the misalignment between ESG disclosure and actual ESG performance. While prior research has explored the reputational and ethical dimensions of greenwashing, its impact on firms' cost of debt remains underexamined.
S. Taddeo, A. Regoli, O. Weber, R. Carè
wiley +1 more source