Results 61 to 70 of about 5,324,674 (240)

Hampered Monetary Policy Transmission ‐ A Supply‐Side Story?

Journal of Money, Credit and Banking, EarlyView.
Abstract This paper shows that the supply side of credit is a major factor for hampered monetary policy transmission in monopolistic banking markets. Our stress test data containing projected interest rates of all 1,555 small and medium‐sized banks in Germany under two hypothetical scenarios provide a clear way to partial out demand shocks that are ...
LOTTA HECKMANN‐DRAISBACH, JULIA HARDT
wiley   +1 more source

Retirement Annuity Design in an Inflationary Climate [PDF]

This paper examines the tilt and risk-return characteristics of real retirement incomes provided by variable annuities tied to bills, long-term bonds, stocks and a mixed portfolio which combines all three.
James E. Pesando, Zvi Bodie
core  

Optimal gradual annuitization : quantifying the costs of switching to annuities [PDF]

, 2007
We compute the optimal dynamic asset allocation policy for a retiree with Epstein-Zin utility. The retiree can decide how much he consumes and how much he invests in stocks, bonds, and annuities.
Horneff, Wolfram J., Maurer, Raimond, Stamos, Michael   +2 more
core  

The methods of mortgage loan repayment modeling

RUDN Journal of Economics, 2009
The article is dedicated to the analysis of the methods of mortgage loan repayment modeling. The issues examined: base elements of a mortgage loan, interrelation of these elements and their influence on the value of payment and the total amount of the ...
O V Khe
doaj  

Learning in the Limit: Income Inference from Credit Extensions

The Journal of Finance, EarlyView.
ABSTRACT Combining a randomized controlled trial with administrative and survey data, this paper shows that credit limit extensions significantly increase total spending and income expectations. By controlling for changes in personal income expectations, the spending response to credit limit extensions weakens by approximately 30%.
XIAO YIN
wiley   +1 more source

Optimal Portfolio Choice with Annuitization [PDF]

We study the optimal consumption and portfolio choice problem over an individual's life-cycle taking into account annuity risk at retirement. Optimally, the investor allocates wealth at retirement to nominal, inflation-linked, and variable annuities and ...
Koijen, R.S.J., Nijman, T.E., Werker, B.J.M.   +2 more
core   +1 more source

Optimal funding and investment strategies in defined contribution pension plans under Epstein-Zin utility [PDF]

, 2008
A defined contribution pension plan allows consumption to be redistributed from the plan member’s working life to retirement in a manner that is consistent with the member’s personal preferences.
Blake, D., Wright, I. D., Zhang, Y.
core  

Employee savings in defined contribution plans: Evidence from age‐based policies in employer plans

Journal of Risk and Insurance, EarlyView.
Abstract Retirement saving is a critical form of self‐insurance at older ages, but ensuring that such savings are adequate remains a challenge in the United States. This is especially true for those who save through defined contribution (DC) plans, in which participants are responsible for setting both the amount and the investment strategy.
Brent J. Davis, Anita Mukherjee, Mingli Zhong   +2 more
wiley   +1 more source

The Role of Real Annuities and Indexed Bonds in an Individual Accounts Retirement Program [PDF]

We explore four issues concerning annuitization options that retirees might use in the decumulation phase of an individual accounts' retirement saving system. First, we investigate the operation of both real and nominal annuity individual annuity markets
James M. Poterba, Jeffrey R. Brown, Olivia S. Mitchell   +2 more
core  

Selection in car insurance when claims are heterogeneous

Journal of Risk and Insurance, EarlyView.
Abstract Econometric studies of insurance markets have analyzed the Positive Correlation Property to test for the presence of asymmetric information. Car‐insurance studies frequently compare policies purchasing Mandatory Third‐Party Liability alone with policies that purchase additional coverage and use the presence of a liability claim as a measure of
Edmund Cannon, Giam Pietro Cipriani, Alessandro Lai   +2 more
wiley   +1 more source