Firm Size Financial Intermediation And Business Cycle
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Firm Size Financial Intermediation And Business Cycle
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Author : Rajeev Dhawan
language : en
Publisher:
Release Date : 1996
Firm Size Financial Intermediation And Business Cycle written by Rajeev Dhawan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business cycles categories.
Financial Intermediation Firm Size Distribution And Long Run Growth
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Author : Fernando Perera-Tallo
language : en
Publisher:
Release Date : 1994
Financial Intermediation Firm Size Distribution And Long Run Growth written by Fernando Perera-Tallo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Corporations categories.
Social Security Bequests And The Life Cycle Theory Of Saving
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Author : Alan S. Blinder
language : en
Publisher:
Release Date : 1981
Social Security Bequests And The Life Cycle Theory Of Saving written by Alan S. Blinder and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1981 with Legacies categories.
This paper studies the asset holdings of white American men near retirement age. Assets as conventional defined show no tendency to decline with age, in apparent contradiction of the life-cycle theory of saving. However, a broadened concept of assets which includes expected future pension benefits (both public and private) and expected future earnings ("human wealth") does decline more or less as predicted by the theory. No matter how they are defined, assets are a decreasing function of the number of children--which casts doubt on the strength of the bequest motive. Finally, financial assets and social security wealth fail to exhibit the inverse relationship suggested by Feldstein's displacement hypothesis. To investigate these issues econometrically, an equation for assets is developed from the strict life-cycle theory. The specification is generalized to allow for (a) a bequest motive, proxied by the number of children; (b) displacement of private wealth by social security wealth that is not exactly dollar-for-dollar; (c) a level of consumption late in life that differs systematically from what the strict life-cycle theory implies. The equation is estimated by nonlinear least squares on a rich cross- sectional data set containing over 4300 observations. The results show that the life-cycle model has little ability to explain cross-sectional variability in asset holdings. The model's key parameters are poorly identified, despite the large sample size and considerable cross-sectional variation in most variables. According to the estimates, consumption late in Life is on average only about half of what the strict life-cycle theory predicts; each dollar of social security wealth displaces about 3% (with a large standard error) of private wealth; and the bequest motive, while present, is quite weak.
Financial Intermediation Investment Dynamics And Business Cycle Fluctuations
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Author : Andrea Ajello
language : en
Publisher:
Release Date : 2012
Financial Intermediation Investment Dynamics And Business Cycle Fluctuations written by Andrea Ajello 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.
Handbook Of Monetary Economics 3a
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Author :
language : en
Publisher: Elsevier
Release Date : 2010-12-08
Handbook Of Monetary Economics 3a written by and has been published by Elsevier this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-08 with Business & Economics categories.
What tools are available for setting and analyzing monetary policy? World-renowned contributors examine recent evidence on subjects as varied as price-setting, inflation persistence, the private sector's formation of inflation expectations, and the monetary policy transmission mechanism. Stopping short of advocating conclusions about the ideal conduct of policy, the authors focus instead on analytical methods and the changing interactions among the ingredients and properties that inform monetary models. The influences between economic performance and monetary policy regimes can be both grand and muted, and this volume clarifies the present state of this continually evolving relationship. Explores the models and practices used in formulating and transmitting monetary policies Raises new questions about the volume, price, and availability of credit in the 2007-2010 downturn Questions fiscal-monetary connnections and encourages new thinking about the business cycle itself Observes changes in the formulation of monetary policies over the last 25 years
Financial Intermediation And The Real Business Cycle
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Author : Brian Flynn
language : en
Publisher:
Release Date : 2018
Financial Intermediation And The Real Business Cycle written by Brian Flynn and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Quantifying The Impact Of Financial Development On Economic Development
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Author : Jeremy Greenwood
language : en
Publisher: DIANE Publishing
Release Date : 2010-10
Quantifying The Impact Of Financial Development On Economic Development written by Jeremy Greenwood and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-10 with Business & Economics categories.
How important is financial development for economic development? A costly state verification model of financial intermediation is presented to address this question. The model is calibrated to match facts about the U.S. economy, such as intermediation spreads and the firm-size distribution for the years 1974 and 2004. It is then used to study the international data, using cross-country interest-rate spreads and per-capita GDP. The analysis suggests that a country like Uganda could increase its output by 140 to 180 percent if it could adopt the world's best practice in the financial sector. Still, this amounts to only 34 to 40 percent of the gap between Uganda's potential and actual output. Charts and tables.
Internal Capital Markets In Business Groups And The Propagation Of Credit Supply Shocks
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Author : Ms.Yu Shi
language : en
Publisher: International Monetary Fund
Release Date : 2019-05-21
Internal Capital Markets In Business Groups And The Propagation Of Credit Supply Shocks written by Ms.Yu Shi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-21 with Business & Economics categories.
Using business registry data from China, we show that internal capital markets in business groups can propagate corporate shareholders’ credit supply shocks to their subsidiaries. An average of 16.7% local bank credit growth where corporate shareholders are located would increase subsidiaries investment by 1% of their tangible fixed asset value, which accounts for 71% (7%) of the median (average) investment rate among these firms. We argue that equity exchanges is one channel through which corporate shareholders transmit bank credit supply shocks to the subsidiaries and provide empirical evidence to support the channel.
Handbook Of Monetary Economics
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Author : Benjamin M. Friedman
language : en
Publisher:
Release Date : 1990
Handbook Of Monetary Economics written by Benjamin M. Friedman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Economics categories.
Information Rules
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Author : Carl Shapiro
language : en
Publisher: Harvard Business Press
Release Date : 1999
Information Rules written by Carl Shapiro and has been published by Harvard Business Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Business & Economics categories.
As one of the first books to distill the economics of information and networks into practical business strategies, this is a guide to the winning moves that can help business leaders--from writers, lawyers and finance professional to executives in the entertainment, publishing and hardware and software industries-- navigate successfully through the information economy.