Monetary Policy and Wealth Effects: The Role of Risk and Heterogeneity
ABSTRACT We study the role of asset revaluation in the monetary transmission mechanism. We build an analytical heterogeneous‐agents model with two main ingredients: (i) rare disasters and (ii) heterogeneous beliefs. The model captures time‐varying risk premia and precautionary savings in a setting that nests the textbook New Keynesian model.
NICOLAS CARAMP, DEJANIR H. SILVA
wiley +1 more source
Distribution of pharmacy deserts and its association with digital divide and residential redlining across the United States. [PDF]
Catalano G, Woldesenbet S, Pawlik TM.
europepmc +1 more source
Monetary Policy, Inflation, and Crises: Evidence from History and Administrative Data
ABSTRACT We show that a U‐shaped monetary rate path increases banking crisis risk, via credit and asset price cycles, analyzing 17 countries over 150 years. Rate hikes (raw or instrumented) increase crisis risk, but only if preceded by prolonged cuts. These patterns are unique to banking crises, unlike noncrisis recessions.
GABRIEL JIMÉNEZ +3 more
wiley +1 more source
ASO Author Reflections: Contemporary Redlining-Direct and Mediating Effects on Healthcare Disparities Among Patients with Gastrointestinal Cancer. [PDF]
Chatzipanagiotou OP, Pawlik TM.
europepmc +1 more source
Bank Monitoring with On‐Site Inspections
ABSTRACT Using proprietary transaction‐level data on nonsyndicated construction loans, we provide some of the first empirical evidence on the drivers and consequences of bank monitoring through on‐site inspections. Banks trade off monitoring intensity with favorable origination terms.
Amanda Rae Heitz +2 more
wiley +1 more source
"To Be Twice as Good to Get Half": Minorities' Diminished Returns. [PDF]
Assari S, Pallera JA, Zare H.
europepmc +1 more source
Bias in AI systems: integrating formal and socio-technical approaches. [PDF]
Ahmad A, Vallès Y, Idaghdour Y.
europepmc +1 more source
Enhancing transparency and fairness in automated credit decisions: an explainable novel hybrid machine learning approach. [PDF]
Nwafor CN, Nwafor O, Brahma S.
europepmc +1 more source
Still Separate, Still Not Equal: An Ecological Examination of Redlining and Racial Segregation with COVID-19 Vaccination Administration in Washington D.C. [PDF]
Brown KM +4 more
europepmc +1 more source
A Shift in Approach to Addressing Public Health Inequities and the Effect of Societal Structural and Systemic Drivers on Social Determinants of Health. [PDF]
Mercado CI +9 more
europepmc +1 more source

