Results 201 to 210 of about 13,755 (295)

Heterogeneity in Imperfect Inflation Expectations: Theory and Evidence from a Novel Survey

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract Using survey data from Germany, we study heterogeneity in how households form inflation expectations. We elicit (i) uncertainty in perceptions of current inflation and (ii) how persistent households perceive inflation to be. Combining these with standard survey questions on inflation, we infer laws of motion for expectations at the individual ...
ALISTAIR MACAULAY, JAMES MOBERLY
wiley   +1 more source

Liquidity Crises and the Market‐Maker of Last Resort

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract We study market illiquidity in an economy subject to nonfundamental shocks. Asset trading occurs via decentralized bargaining. The model has multiple rational expectations equilibria; we associate certain Pareto‐inferior equilibria with liquidity crises.
CHARLES M. KAHN   +2 more
wiley   +1 more source

Understanding UK Productivity Using a Macroeconomic Lens

open access: yesJournal of Economic Surveys, EarlyView.
ABSTRACT We survey UK labor productivity over the long run, comparing it with other advanced economies, and focus on the sharp slowdown since the global financial crisis. Using a growth accounting framework, we highlight the primary role of total factor productivity (TFP), while noting that the contribution of capital shallowing is influenced by ...
Jagjit S. Chadha, Issam Samiri
wiley   +1 more source

Green Window Dressing

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT This paper establishes that mutual funds strategically time their trades in environmental, social, and governance (ESG) stocks around disclosure dates to inflate their sustainability ratings. This claim is supported by three empirical findings.
GIANPAOLO PARISE, MIRCO RUBIN
wiley   +1 more source

Stakeholder engagement with AI service interactions

open access: yesJournal of Product Innovation Management, EarlyView.
Abstract Recent advancements in artificial intelligence (AI) have ushered in a wave of AI innovations in the form of embodied conversational agents. These stakeholders offer new ways to engage customers in the co‐creation of services but still face significant customer skepticism.
Terrence Chong   +4 more
wiley   +1 more source

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