Results 121 to 130 of about 1,860 (237)
Model Ambiguity versus Model Misspecification in Dynamic Portfolio Choice
The Journal of Finance, Volume 81, Issue 3, Page 1741-1795, June 2026.ABSTRACT We study aversion to model ambiguity and misspecification in dynamic portfolio choice. Risk‐averse investors (relative risk aversion γ>1$\gamma > 1$) fear return persistence, while risk‐tolerant investors (0<γ<1$0<\gamma <1$) fear mean reversion, when confronting model misspecification concerns of identically and independently distributed (IID)
PASCAL J. MAENHOUT +2 more
wiley +1 more source
Revisiting the public-private wage gap in Spain: new evidence and interpretation. [PDF]
SERIEs (Berl), 2023 Couceiro de León A, Dolado JJ.
europepmc +1 more source
Revista Galega de Economía, 2015 The purpose of this study is to analyze the degree of procyclicality of the banking business and the relationship between the effects of the banking crisis and the financial crisis.
Irene Clara PISÓNFERNÁNDEZ +2 more
doaj
Macroeconomic shocks, investment volatility and centrality in global manufacturing network. [PDF]
Empir Econ, 2023 Yang J, Yang N.
europepmc +1 more source
Adverse Feedback Loop in the Bank-Based Financial Systems
This paper examines procyclicality of the financial system. The introduction describes the natural and regulatory sources of procyclicality, focusing on the potential procyclical effect of the current Basel II regulatory framework for banks.
Petr Jakubík, Adam Gersl
core
Why do banks hold capital in excess of regulatory requirements? A functional approach [PDF]
This paper provides an explanation for the observation that banks hold on average a capital ratio in excess of regulatory requirements. We use a functional approach to banking based on Diamond and Rajan (2001) to demonstrate that banks can use capital ...
Uwe Vollmer, Diemo Dietrich
core
On the behavior of fiscal policy with costly expectations
Económica, 2009 This paper extends the Talvi and Végh (2005) model on the behavior of fiscal policy, introducing agent-based issues. Like in Talvi and Végh (2005), the theoretical framework is à la Barro (1979), but rational expectations are costly.
Martín Guzmán
doaj
Reshaping the Healthcare Sector with Economic Policy Measures Based on COVID-19 Epidemic Severity: A Global Study. [PDF]
Healthcare (Basel), 2022 Jagrič T, Fister D, Jagrič V.
europepmc +1 more source
Basel II and the Procyclicality Problem
, 2010 This essay will discuss the procyclicality issue and evaluate its potential effect on both the success of Basel II and its goal of financial stability.
Nye, Josh
core
Framing health taxes: learning from low- and middle-income countries. [PDF]
BMJ Glob Health, 2023 Lwin KS +15 more
europepmc +1 more source