presse@iwh-halle.de
Pills or puts?
Shuo Xia
Financial Times, February 2, 2024
We show that in the overlapping generations model, global financial integration may lead to higher levels of public debt by externalizing its crowding-out effect.
This study examines dynamics of solo self-employment. In particular, we investigate the extent of true state dependence and cross state dependence, i.e., whether experiencing solo self-employment causally affects the probability of becoming an employer in the future.
Existing empirical studies on the effect of monetary policy on bank lending almost exclusively focus on a closed economy setting and ignore the interactions between domestic monetary policy and international financial markets.
The latest global survey on relative prices and income levels, for the year 2011, showed changes to relative income levels that were larger in lower-income countries, thereby narrowing the world income distribution compared to estimates based on the 2005 survey.
This paper develops a dynamic evaluation approach in discrete time to estimate the impact of training programs for the unemployed on employment transitions.
This paper studies the effects of a series of reforms of the public pension system in Austria in 2000 and 2004.
The Global Financial Stability Report provides an assessment of the global financial system and markets, and addresses emerging market financing in a global context.
We examine the impact of bank-loan supply shocks on firm outcomes and bank risk-taking employing bank-firm matched credit information for the period 2002-2012.
This paper investigates the impact of ample liquidity provision by the European Central Bank on the functioning of the overnight unsecured interbank market from 2008 to 2014.
In countries of the eurozone periphery, payments are typically delayed by several weeks. In a first step, this characteristic is introduced into a new Keynesian small open economy model by the assumption that consumption goods are paid for with a delay of one quarter.