An Integrated View of Tests of Rationality, Market Efficiency, and the Short-Run Neutrality of Monetary Policy [PDF]
This paper analyzes an important class of models in which expectations play an important role. Topics included in the analysis are tests of: (1) rationality of forecasts in either market or survey data, (2) capital market efficiency, (3) the short-run ...
Andrew B. Abel, Frederic S. Mishkin
core
Do Internet‐Driven Trade Shocks Moderate the Exchange Rate Pass‐Through to Inflation?
International Journal of Finance &Economics, EarlyView.ABSTRACT This study examines the existence of an internet globalisation intensifying impact on the size of the exchange rate pass‐through (ERPT) to inflation, which conditions the response of central banks' policy rates. Expanding on the traditional determinants of ERPT, we incorporate technology‐induced trade shocks linked to internet adoption to ...
Joanna Darwiche, Nicole Ballouz Baker
wiley +1 more source
Mitigating emissions and costs through demand-side solutions in Chinese residential buildings. [PDF]
Nat CommunYou K +6 more
europepmc +1 more source
International Journal of Finance &Economics, EarlyView.ABSTRACT This study draws on framing theory to investigate how microfinance institutions (MFIs) strategically construct a vulnerability‐oriented organisational identity and how this framing influences their funding decisions during the pre‐campaign phase of prosocial crowdfunding.
Ana Paula Matias Gama +3 more
wiley +1 more source
Is Parenthood Contributing to Emotional Wellbeing? The Neutrality Paradox and a Possible Resolution. [PDF]
Evol PsycholApostolou M +18 more
europepmc +1 more source
A theory of the non-neutrality of money with banking frictions and bank recapitalization [PDF]
The unconventional monetary policy actions of the Federal Reserve during the recent Global Financial Crisis often involve implicit subsidies to banks. This paper offers a theory of the non-neutrality of money associated with capital injection into banks ...
Zeng, Zhixiong
core +1 more source
Land Use Policy and Racial Segregation
International Studies of Economics, EarlyView.ABSTRACT Land use policies, though seemingly race‐neutral, can inadvertently contribute to racial segregation. Our study focuses on examining the impact of minimum lot size regulations on the likelihood of ethnic minorities integrating into a community, which reveals compelling evidence suggesting that black households exhibit a preference for smaller ...
Ling Huang
wiley +1 more source
Does holding decision-makers accountable make them less loss averse? A three-study replication attempt. [PDF]
Q J Exp Psychol (Hove)Rollwage J, Häusser JA, Schulz-Hardt S.
europepmc +1 more source
The Capitalization of Income Streams and the Effects of Open Market Policy under Fixed Exchange Rates [PDF]
This paper investigates the long- and short-run neutrality of open-market monetary policy in a world of fixed exchange rates and imperfect substitutability between bonds denominated in different currencies.
Maurice Obstfeld
core
International Studies of Economics, EarlyView.Abstract This paper examines the link between climate risk, energy consumption, and financial market performance in a sample of emerging countries over the period 2000–2024. The objective is to model the dynamic interactions between these three dimensions, in order to understand the extent to which energy dependence and exposure to climate risks ...
Abdelkader Mohamed Derbali
wiley +1 more source