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1
Risk is Risk?
Stomper, Alex
;
Vierø, Marie-Louise
-
2017
We analyze the relation between firms' exposure to exogenous
business
risk and their financing choices, based on a …
Persistent link: https://www.econbiz.de/10011939429
Saved in:
2
An Overview of the Canadian Banking System: 1996 to 2015
McKeown, Robert
-
2017
business
lines, such as wealth management or investment banking. Using data from CANSIM and a little used dataset from OSFI, I … describe how the Canadian banks earn revenue, fund
business
activities, and pay expenses. The success of the Canadian banking …
Persistent link: https://www.econbiz.de/10011939430
Saved in:
3
Comovements in the Real Activity of Developed and Emerging Economies: A Test of Global versus Specific International Factors
Djogbenou, Antoine A.
-
2017
business
cycles. Using economy activity variables measured by the log differences of the gross domestic product and the …
Persistent link: https://www.econbiz.de/10011939443
Saved in:
4
Recession propagation in small regional economies: Spatial spillovers and endogenous clustering
Shibaev, Sergei S.
-
2016
This paper develops a statistical model for measuring spatial interactions when estimating macroeconomic regimes and regime shifts. The model is applied to study the contagion and propagation of recessions in small regional economies in the United States from 1990 to 2015. The empirical analysis...
Persistent link: https://www.econbiz.de/10011583212
Saved in:
5
Cash-flow
business
taxation revisited: Bankruptcy, risk aversion and asymmetric information
Boadway, Robin W.
;
Sato, Motohiro
;
Tremblay, Jean-François
-
2016
It is well-known that cash-flow
business
taxes with full loss-offset, and their present-value equivalents, are neutral … of cash-flow
business
taxation when there is bankruptcy risk, when firms are risk-averse, and when financial …
Persistent link: https://www.econbiz.de/10011583215
Saved in:
6
Stock-based compensation plans and employee incentives
Zabojnik, Jan
-
2014
-based compensation to provide incentives to non-executive employees. Yet,
business
practitioners appear to believe that stock …
Persistent link: https://www.econbiz.de/10011380812
Saved in:
7
Heterogeneity in macroeconomics and the minimal econometricinterpretation for model comparison
Cozzi, Marco
-
2014
This paper formally compares the fit of various versions of the incomplete markets model with aggregate uncertainty, relying on a simple Bayesian empirical framework. The models differ in the degree of households' heterogeneity, with a focus on the role of preferences. For every specification,...
Persistent link: https://www.econbiz.de/10011380826
Saved in:
8
The Krusell-Smith Algorithm: Are Self-fulfilling Equilibria Likely?
Cozzi, Marco
-
2014
I investigate whether the popular Krusell and Smith algorithm used to solve heterogeneousagent economies with aggregate uncertainty and incomplete markets is likely to be subject to multiple self-fulfilling equilibria. In a benchmark economy, the parameters representing the equilibrium aggregate...
Persistent link: https://www.econbiz.de/10010368279
Saved in:
9
Identifying fiscal policy (in)effectiveness from the differential adoption of Keynesianism in the interwar period
Martineau, Nicolas-Guillaume
;
W. Smith, Gregor
-
2012
Differences across countries or decades in the countercyclical stance of fiscal policy can help identify whether the growth in government spending affects output growth and so speeds recovery from a recession. We use the heterogeneity in the government-spending reaction functions across twenty...
Persistent link: https://www.econbiz.de/10010290448
Saved in:
10
Bargaining and voting
Usher, Dan
-
2010
's
business
could be transacted without an ability on the part of the legislators and political parties to strike bargains, but …
Persistent link: https://www.econbiz.de/10010290430
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