Essays On Macro And Financial Economics

DOWNLOAD

Download Essays On Macro And Financial Economics PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Essays On Macro And Financial Economics book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page

Essays On Macro And Financial Economics

DOWNLOAD
Author : Linyi Cao
language : en
Publisher:
Release Date : 2020

Essays On Macro And Financial Economics written by Linyi Cao and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Electronic dissertations categories.

Nurturing Young Public Firms over Real Business Cycles. In this paper, I develop a theory of financial intermediation in a general equilibrium environment, to study the interactions between households, financial intermediation, and entrepreneurs over real business cycles. In the model, the financial intermediary, who resembles real-life private equity (PE) groups and investment bankers, works as a nurturer of young public firms. It performs screening and sorting on entrepreneurs, then allocates resources to them, borrowed from the households. However, the effort intensity in screening decreases when the financial intermediary is flooded by resources, so do the average quality of financial services and the commission rate, which predict the countercyclicality of those variables. This countercyclicality of efficiency in the financial sector promises a dampening effect on economic volatility. I use the U. S. initial public offering (IPO) data, as well as selected PE data to document that the commission rate is indeed countercyclical. Its correlation with the cyclical component of total output is around -0. 21. I calibrate the model to the U. S. financial market and conduct several counterfactual exercises. I find that a 20% drop in the financial intermediary's cost of effort dampens the total output volatility by 0. 24% and the household consumption volatility by 0. 53%. While a binding commission rate cap amplifies the volatility by 0. 36% and 0. 54% respectively. Antitrust Policy in a Globalized Economy. Antitrust policies have been relaxed and the number of mergers and acquisitions (M&A) has risen rapidly since the 1980s in the United States. This paper provides a framework to evaluate the cost and benefits of antitrust policy in a global context. M&A reallocate resources from small to large and typically more productive firms, while also increasing their monopoly power. An optimal antitrust policy seeks a balance between the positive productivity effect and the negative markup effect. In a globalized economy, increasing productivity fully accrues to domestic firms/workers while a higher markup only partially hurts domestic consumers. The weakening antitrust policy since the 1980s is thus an optimal response to the increasing globalization in the same period. We present a dynamic general equilibrium model of M&A and show that welfare, measured as aggregate consumption/production in stationary equilibrium, is a hump-shaped function of the antitrust policy parameter in the model. We are extending the model to an open economy, and aim to formalize the intuition that openness to trade demands a more lenient antitrust policy and to explore its quantitative implications for aggregate markup and welfare. A Model of Technology Diffusion. Many new technologies, instead of being adopted simultaneously by all producers in the same area or industry, display a long and lagged diffusion process, with an S-shaped adoption curve. This even applies to technologies that were later proven to improve productivity significantly. We construct and test a model for explaining this observation. In the model, agents who are heterogeneous in beliefs choose their optimal stopping/adopting time, while they are learning from the output of others. As the population of agents who are experimenting with the new technology grows up, the learning process accelerates. Part of the incentives for them to wait is to free-ride on a larger experimenting group in the future. Our model can explain various technology diffusion data, such as the hybrid corn adoption in the U. S. , or the adoption of the 12 industrial innovations.

Essays In Financial Economics And Macro Finance

DOWNLOAD
Author : Jonathan-Julian Federle
language : en
Publisher:
Release Date : 2024

Essays In Financial Economics And Macro Finance written by Jonathan-Julian Federle and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024 with categories.

Alternative Approaches In Macroeconomics

DOWNLOAD
Author : Philip Arestis
language : en
Publisher: Springer
Release Date : 2018-02-07

Alternative Approaches In Macroeconomics written by Philip Arestis and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-07 with Business & Economics categories.

This book honours Professor John McCombie’s retirement by exploring a variety of themes, theories and debates in non-orthodox macroeconomics. With contributions from leading scholars, the book covers diverse ground in economic thought, policy, empirical work and modelling. It demonstrates ongoing presumptions and asks probing questions of topical questions from the increase of income equality to the international variation of productivity investment. This collection will appeal to academics and students with an interest in the history of macroeconomic thinking.

Essays On Financial Economics And Macroeconomics

DOWNLOAD
Author : Ruchir Agarwal
language : en
Publisher:
Release Date : 2012

Essays On Financial Economics And Macroeconomics written by Ruchir Agarwal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.

Studies In International Economics And Finance

DOWNLOAD
Author : Naoyuki Yoshino
language : en
Publisher: Springer Nature
Release Date : 2022-03-30

Studies In International Economics And Finance written by Naoyuki Yoshino and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-03-30 with Business & Economics categories.

This festschrift volume presents discussions on contemporary issues in international economics and finance. It is aimed to serve as a reference material for researchers. There are two broad sections of the book -- International Macroeconomics and International Finance. The chapters in the International Macroeconomics section discuss critical topics like aggregate level macro model for India with a new Keynesian perspective, balance of payments, service sector exports, foreign exchange constraints for import demands, foreign direct investment and knowledge spill over, the relationship between forex rate fluctuation and investment, Institutional quality-trade openness-economic growth nexus, currency crises and debt-deficit relationship in the BRICS countries in the backdrop of COVID-19. Apart from these, various analytical issues related to macroeconomic policies are also covered in this section. The topics discussed includes the nature of forex market interventions, the issue of disinvestment and privatization, changing nature of fiscal policy, the inflation-growth nexus, macroeconomic simulation modelling, measuring core inflation, central bank credibility, monetary policy, inflation targeting, Infrastructure, trade, unemployment and inequality nexus. In the International Finance section, topics such as COVID-19 induced financial crisis, commodity futures volatility, stock market connectivity, volatility persistence, determinants of sovereign bond yields, FII and stock market volatility, cryptocurrency price formation, financialization of Indian commodity market, and a Keynesian view of the financial crisis are discussed. Overall, thirty two chapters in the volume discuss cutting edge research in the areas of the two sections. A tour de force... a lucid guide to some of the diverse and complex issues in International Macroeconomics and Finance. This collection of scholarly works is a fitting tribute to respected Prof. Bandi Kamaiah and his enviable academic contributions. - Prof. Y V Reddy, Former Governor, Reserve Bank of India This volume comprising thoughtful essays by our leading scholars on some of important policy issues that India is facing is indeed a rich tribute to Professor Bandi Kamaiah . This book will greatly benefit the academic community as well as our policy makers. - Prof. Vijay Kelkar, Chairman, 13th Finance Commission of India; Chairman, India Development Foundation, Mumbai, India Noted economists from India and abroad gather to apply the rigorous searchlight that Professor Bandi Kamaiah used so effectively in his career. Major current topics in macroeconomics and international finance are effectively explored in the volume. - Prof. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai, India; and Member, Monetary Policy Committee of Reserve Bank of India This volume of 32 papers in macroeconomics, international economics, and international finance is intended as a tribute to the eminent econometrician , Prof B Kamaiah. Post-graduate students and researchers will find much valuable literature in the volume, which is a fitting tribute to Prof Kamaiah. The editors and authors deserve rich compliments. - Prof. K L Krishna, Former Director, Delhi School of Economics, New Delhi, India I am so happy to hear that Dr. Kamaiah's colleagues and ex-students are bringing out a special volume of articles in his honor. Nothing can be more appropriate. Dr. Kamaiah, being a man of tremendous publications, deserves this tribute. I wish all the luck and success to the new book. - Prof. Kishore Kulkarni, Distinguished Professor of Economics, Metropolitan State University of Denver, USA

Macroeconomics Finance And Money

DOWNLOAD
Author : Giuseppe Fontana
language : en
Publisher: Springer
Release Date : 2010-03-11

Macroeconomics Finance And Money written by Giuseppe Fontana and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-11 with Business & Economics categories.

This volume focuses on current issues of debate in the area of modern macroeconomics and money, written from (a broadly interpreted) post Keynesian perspective. The papers connect with Philip Arestis' contributions to macroeconomics and money, and pay tribute to his distinguished career.

Financial Conditions And Macroeconomic Performance

DOWNLOAD
Author : Steven M. Fazzari
language : en
Publisher: Routledge
Release Date : 2015-06-05

Financial Conditions And Macroeconomic Performance written by Steven M. Fazzari and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-05 with Business & Economics categories.

This collection of papers on financial instability and its impact on macroeconomic performance honours Hyman P. Minsky and his lifelong work. It is based on a conference at Washington University, St. Louis, in 1990 and includes among the authors Benjamin M. Friedman, Charles P. Kindleberger, Jan Kregel and Steven Fazzari. These papers consider Minsky's definitive analysis that yields such a clear and disturbing sequence of financial events: booms, government intervention to prevent debt contraction and new booms that cause a progressive buildup of new debt, eventually leaving the economy much more fragile financially.

Money Macroeconomics And Economic Policy

DOWNLOAD
Author : William C. Brainard
language : en
Publisher: MIT Press
Release Date : 1991

Money Macroeconomics And Economic Policy written by William C. Brainard and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.

These original contributions celebrate and extend Tobin's contributions to macroeconomics, international economics, finance, and economic policy.

Essays In Macro Finance And Monetary Economics

DOWNLOAD
Author : Modeste Yirbèhogré Somé
language : en
Publisher:
Release Date : 2015

Essays In Macro Finance And Monetary Economics written by Modeste Yirbèhogré Somé and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.

Essays In Financial Economics

DOWNLOAD
Author : Rita Biswas
language : en
Publisher: Emerald Group Publishing
Release Date : 2019-10-24

Essays In Financial Economics written by Rita Biswas and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-24 with Business & Economics categories.

This volume, dedicated to John W. Kensinger, explores a variety of topics in financial economics, including firm growth, investment risks, and the profitability of the banking industry. With its global perspective, Essays in Financial Economics is a valuable addition to the bookshelf of any researcher in finance.