Results 221 to 230 of about 31,140,529 (283)

Helicopter drops in an open economy when markets are incomplete

open access: yesEconomic Inquiry, EarlyView.
Abstract We characterize the spillover effects of helicopter drops and optimal monetary policy in a tractable two‐country overlapping generations model with incomplete markets. As helicopter drops can affect the distribution of income across countries, they create room for redistribution policies which are particularly relevant when agents are ...
Sara Eugeni
wiley   +1 more source

Optimal Hedging Strategies in the Low‐Sulphur Bunker Fuel Landscape

open access: yesEuropean Financial Management, EarlyView.
ABSTRACT The IMO2020 regulation for the green transition in shipping turned the industry into using two compliant bunker fuels: very low‐sulphur fuel oil (VLSFO) and low‐sulphur marine gas oil (LSMGO). VLSFO futures contracts introduced in late 2019 and other energy‐related futures contracts indicate that the VLSFO contracts trading on the Singapore ...
Xiwen Bai   +2 more
wiley   +1 more source

Labor Market Monopsony Power and the Dynamic Gains to Openness Reforms

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We embed labor market monopsony into a dynamic heterogeneous‐firm general equilibrium model with exporting, horizontal FDI, and rich firm lifecycle dynamics. Rising marginal costs with monopsony slow and limit incumbent firm growth in response to liberalization, shifting adjustment to the extensive margin.
Priyaranjan Jha   +2 more
wiley   +1 more source

College Loans and Human Capital Investment

open access: yesInternational Economic Review, EarlyView.
ABSTRACT College loans facilitate access to education, but the repayment burden may distort posteducation human capital investment. We examine the role of college loans and loan repayment policies through a structural model of individuals' dynamic decisions on borrowing/saving, labor supply, and costly human capital investment. We estimate two versions
Chao Fu   +2 more
wiley   +1 more source

Rational Expectations Fools' Bubbles

open access: yesInternational Economic Review, EarlyView.
ABSTRACT We develop a rational, Walrasian model of speculative bubbles inspired by the Kindleberger–Minsky view, which describes bubbles as wave‐like market processes. Touched off by an initial shock, price booms are initially self‐reinforcing but become self‐destructive later when prices surpass fundamental value.
Luis Araujo, Antonio Doblas‐Madrid
wiley   +1 more source

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