Now showing items 1-20 of 126

    • A Decentralization Theorem of Taxation 

      Lipatov, Vilen; Weichenrieder, Alfons J. (2015-05-01)
      "In the EU there are longstanding and ongoing pressures towards a tax that is levied on the EU level to substitute for national contributions. We discuss conditions under which such a transition can make sense, starting ...
    • A Life-Cycle Model with Ambiguous Survival Beliefs 

      Groneck, Max; Ludwig, Alexander; Zimper, Alexander (2015-10-02)
      Based on a cognitive notion of neo-additive capacities reflecting likelihood insensitivity with respect to survival chances, we construct a Choquet Bayesian learning model over the life-cycle that generates a motivational ...
    • Aggregate and Distributional Effects of Increasing Taxes on Top Income Earners 

      Brüggemann, Bettina; Yoo, Jinhyuk (2015-07-13)
      We analyze the macroeconomic implications of increasing the top marginal income tax rate using a dynamic general equilibrium framework with heterogeneous agents and a fiscal structure resembling the actual U.S. tax system. ...
    • Aging and Pension Reform: Extending the Retirement Age and Human Capital Formation 

      Vogel, Edgar; Ludwig, Alexander; Börsch-Supan, Axel (2014-12-29)
      Projected demographic changes in industrialized and developing countries vary in extent and timing but will reduce the share of the population in working age everywhere. Conventional wisdom suggests that this will increase ...
    • An Experiment on Retail Payments Systems 

      Camera, Gabriele; Casari, Marco; Bortolotti, Stefania (2014-05-05)
      We study the behavioral underpinnings of adopting cash versus electronic payments in retail transactions. A novel theoretical and experimental framework is developed to primarily assess the impact of sellers’ service fees ...
    • Are Tax Havens Good? Implications of the Crackdown on Secrecy 

      Weichenrieder, Alfons J.; Xu, Fangying (2015-07-01)
      The pressure on tax haven countries to engage in tax information exchange shows first effects on capital markets. Empirical research suggests that investors do react to information exchange and partially withdraw from ...
    • Asset Pricing in OLG Economies With Borrowing Constraints and Idiosyncratic Income Risk 

      Harenberg, Daniel (2018-09-17)
      This paper analyzes how the combination of borrowing constraints and idiosyncratic risk affects the equity premium in an overlapping generations economy. I find that introducing a zero-borrowing constraint in an economy ...
    • Asymmetric Social Norms 

      Camera, Gabriele; Gioffré, Alessandro (2017-01-10)
      Studies of cooperation in infinitely repeated matching games focus on homogeneous economies, where full cooperation is efficient and any defection is collectively sanctioned. Here we study heterogeneous economies where ...
    • Austerity 

      Dellas, Harris; Niepelt, Dirk (2014-11-19)
      We shed light on the function, properties and optimal size of austerity using the standard sovereign model augmented to include incomplete information about credit risk. Austerity is defined as the shortfall of consumption ...
    • BaFin 

      Unknown author
      Die Bundesanstalt für Finanzdienstleistungsaufsicht (kurz: BaFin) ist eine rechtsfähige deutsche Anstalt des öffentlichen Rechts des Bundes mit Sitz in Frankfurt am Main und Bonn.
    • Bank and Sovereign Debt Risk Connection 

      Darracq Pariès, Matthieu; Faia, Ester; Rodriguez Palenzuela, Diego (2013-01-01)
      Euro area data show a positive connection between sovereign and bank risk, which increases with banks’ and sovereign long run fragility. We build a macro model with banks subject to moral hazard and liquidity risk (sudden ...
    • Bank Networks: Contagion, Systemic Risk and Prudential Policy 

      Aldasoro, Iñaki; Delli Gatti, Domenico; Faia, Ester (2015-07-01)
      We present a network model of the interbank market in which optimizing risk averse banks lend to each other and invest in non-liquid assets. Market clearing takes place through a tâtonnement process which yields the ...
    • Bankscope 

      Unknown author
      Moody's Analytics BankFocus is the definitive solution for analyzing banks. It's a new approach to global banking data, combining renowned content from Bureau van Dijk and Moody's Investors Service, with expertise from ...
    • BEA NIPA 

      Unknown author
      BEA's national economic accounts provide a comprehensive picture of the U.S. economy and feature many macroeconomic statistics.
    • BIS 

      Unknown author
      BIS statistics, compiled in cooperation with central banks and other national authorities, are designed to inform analysis of financial stability, international monetary spillovers and global liquidity.
    • Bloomberg 

      Unknown author
      Bloomberg offers a wide range of data on the world's leading public and private companies. Bloomberg database components includes: Stock price data, CDS and bond data, calculated ratios, financial accounts information; ...
    • BLS 

      Unknown author
      The Bureau of Labor Statistics measures labor market activity, working conditions, price changes, and productivity in the U.S. economy to support public and private decision making.
    • Bundesbank 

      Unknown author
      The monetary, financial and foreign trade statistics compiled within the framework of the Bundesbank's statutory mandate as well as the comprehensive indicator sets and seasonally adjusted economic data comprise a broad ...
    • Can Firms see into the Future? Survey evidence from Germany 

      Massenot, Baptiste; Pettinicchi, Yuri (2017-11-03)
      This paper presents new evidence on the expectation formation process of firms from a survey of the German manufacturing sector. It focuses on the expectation about their future business conditions, which enters the widely ...
    • Can Households See into the Future? Survey Evidence from the Netherlands 

      Massenot, Baptiste; Pettinicchi, Yuri (2018-07-14)
      This paper presents new evidence on the expectation formation process from a Dutch household survey. Households become too optimistic about their future income after their income has improved, consistent with the ...