presse@iwh-halle.de
Pills or puts?
Shuo Xia
Financial Times, February 2, 2024
This paper addresses the impact of rising international trade exposure on individual earnings profiles in heterogeneous worker-establishment matches.
We analyze optimal capital regulation of imperfectly competitive banks that are confronted with competition from non-regulated banks. We characterize banks as having access to deposit insurance and underly banking regulation in exchange.
This paper investigates, whether conventional interest rate policy of central banks is a suitable instrument to attenuate excessive mispricing in stocks as suggested by the proponents of a 'leaning against the wind' (LATW) monetary policy.
We use the American Time Use Survey (ATUS) 2003-12 to estimate time spent by workers in non-work while on the job. Non-work time is substantial and varies positively with the local unemployment rate.
To construct forecasts for time series exhibiting breaks, the paper examines long autoregressions, where the number of lags is growing with T, and possible breaks are simply ignored.
The paper examines whether international regulatory harmonization increases cross-border labor migration.
This paper investigates how financial market imperfections and nominal rigidities interact.
We exploit detailed data on approved and rejected small-business loans to assess the impact of a new credit registry in Bosnia and Herzegovina.
Futures markets are a potentially valuable source of information about price expectations. Exploiting this information has proved difficult in practice, because time-varying risk premia often render the futures price a poor measure of the market expectation of the price of the underlying asset.
The U.S. banking sector has become substantially more concentrated since the 1990s, raising questions about both the causes and implications of this consolidation.