Search Results - subject:"‘Crowding out’"

Crowding-Out in Einer Kleinen Offenen Volkswirtschaft (Crowding-out in a Small Open Economy)

Handler, Heinz - 2019

In a small open economy, the crowding-out effects on private demand of increasing public expenditures are different … under full and imperfect capacity utilization. After discussing the various channels of crowding out, the case of Austria is … empirically examined. Although during the 1970s the rising public debt pushed up the level of interest rates, crowding-out effects …

Persistent link: https://www.econbiz.de/10012905874

Better Than Risk-Free : Do Reserve Premiums Crowd out Bank Lending?

Kim, Raymond - 2019

When the Federal Reserve first started to pay interest on excess reserves in October 2008, it presented a choice that banks had not previously faced. That is, they could invest bank capital in excess reserves and earn the "better than" risk free rate or they could lend and earn a higher but...

Persistent link: https://www.econbiz.de/10012894603

Does Public Disclosure Crowd Out Private Information Production?

Chen, Jia - 2019

Using a natural experiment of the staggered dissemination of trading information in the corporate bond market, we find that when public disclosure increases, private information production reduces. The reduction in information production is indicated by fewer bond analyst reports, fewer pages in...

Persistent link: https://www.econbiz.de/10012897113

Thoughts and Prayers - Do They Crowd out Charity Donations?

Thunstrom, Linda - 2019

For centuries, scholars have examined what motivates prosocial behavior. In the U.S., prosocial behavior is routinely accompanied by thoughts and prayers. Yet, the impact on prosocial behavior of such gestures is unknown. We examine how thoughts and prayers affect charity donations to victims of...

Persistent link: https://www.econbiz.de/10012897716

Trading in Crowded Markets

Obizhaeva, Anna A. - 2019

We study crowded markets using a symmetric model of trading among strategic informed traders. Traders may have incorrect beliefs about markets' crowdedness; this distorts traders' strategies and market prices. When traders overestimate the crowdedness, they believe markets to be less liquid and...

Persistent link: https://www.econbiz.de/10012899668

Public investment a key prerequisite for private sector activity

Clemens, Marius; Goerge, Marius; Michelsen, Claus - In: DIW weekly report : economy, politics, science : a … 9 (2019) 31, pp. 255-261

Ten years after the 2008 financial crisis, in the euro area investment is still below the pre-crisis level. Public and private investment growth is so weak that capital per worker (capital intensity) has virtually remained constant. An increase in public investment activity could ultimately...

Persistent link: https://www.econbiz.de/10012041163

Crowding-Out Effects of Public Libraries and the Public Lending Right

Kanazawa, Kyogo - 2019

that integrates bookstores' sales data with copy data from public libraries in Japan and quantify the crowding-out effects …-month-specific unobserved heterogeneities. We found that overall crowding-out effects exist. Moreover, we found the the effects to be highly …

Persistent link: https://www.econbiz.de/10012900488

Clogged Intermediation : Were Home Buyers Crowded Out?

Choi, Dong Beom - 2019

Post-crisis policy interventions significantly increased the demand for mortgage refinancing, but there is an unexplored possibility that the surge in refinancing applications has crowded out the supply of credit to home buyers. In this paper, we examine two frictions that hamper financial...

Persistent link: https://www.econbiz.de/10012900716

Crowding Out Banks : Credit Substitution by Peer-To-Peer Lending

Cornaggia, Jess - 2019

Through superior technology, financial technology (FinTech) firms may expand credit markets. Alternatively, consumers may substitute one credit provider for another, generating adverse selection problems for incumbent lenders. We analyze the unsecured consumer loan market and identify the...

Persistent link: https://www.econbiz.de/10012901561

Political Interference and Crowding Out in Bank Lending

Kumar, Nitish - 2019

I provide novel evidence on the real costs of political interference in bank lending. Analyzing staggered state elections in India, I show that politically motivated increased bank lending to farmers before elections crowds out lending to manufacturing firms. These lending distortions are larger...

Persistent link: https://www.econbiz.de/10012903847