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Can Germany’s economy stage an unexpected recovery?Steffen MüllerThe Economist, January 30, 2025
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.
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.
