Search Results - subject:"Soft budget constraint"

Shotgun Wedding : Fiscal and Monetary Policy

Bassetto, Marco; Sargent, Thomas J. - 2022

This paper describes interactions between monetary and fiscal policies that affect equilibrium price levels and interest rates by critically surveying theories about (a) optimal anticipated inflation, (b) optimal unanticipated inflation, and (c) conditions that secure a "nominal anchor'' in the...

Persistent link: https://www.econbiz.de/10013324140

Beyond Budget Constraints, a New Constraint Measure Based on Resources, With an Application to Health Technology Assessment

Combes, Simon; Becker, Frauke - 2022

In Health Technology Assessment (HTA), commonly used techniques apply piecewise comparisons of two or more alternatives, comparing costs and outcomes associated with each treatment. According to the definition by Robbins, who considers economics the study of ‘alternative uses’ of resources...

Persistent link: https://www.econbiz.de/10013295254

The Belarusian banking sector (2016–2021) : from timid recovery to renewed crisis?

Barisitz, Stephan - In: Focus on European economic integration (2022) 1, pp. 55-69

Persistent link: https://www.econbiz.de/10013329886

The Impact of Sectoral Differences in Financing and Budget Constraints on China's Conventional and Unconventional Monetary Policy

Zhang, Yong; XIE, XING - 2022

This paper uses Chinese data to calibrate a monetary policy model, so as to study the special impact of sectoral differences in financing and budget constraints on developing countries' monetary policy. The paper finds that real estate transactions, as a particularly effective monetary policy...

Persistent link: https://www.econbiz.de/10013308817

Selling to a principal and a budget-constrained agent

Mishra, Debasis; Paramahamsa, Kolagani - 2022

Persistent link: https://www.econbiz.de/10013412253

Optimal mechanism in governmental project screening : a theory of Kornai's soft budget constraint

Bai, Chong-En; Wang, Yijiang - In: Journal of government and economics : JGE 7 (2022), pp. 1-8

Soft budget constraint refers to the phenomenon that money losing inefficient projects keep on getting subsidies and … economies and by now, economists generally have agreed that soft budget constraint also exists extensively in market economies … soft budget constraint is an optimal governmental mechanism to induce greater effort in project selection. The idea is that …

Persistent link: https://www.econbiz.de/10013429228

An efficient and strategy-proof multi-item ascending auction under financial constraints

Yang, Zaifu; Yu, Jingsheng - 2022

Persistent link: https://www.econbiz.de/10014288008

An empirical analysis of Russian regions' debt sustainability

Barykin, Sergej; Mikheev, Alexey Aleksandrovich; … - In: Economies : open access journal 10 (2022) 5, pp. 1-16

This paper investigates the impact of the moderate growth of government borrowing on debt sustainability in 11 Russian regions over about 10 years, starting in 2010. The current study aims to assess the debt sustainability of the Russian region's budget by determining Euclidean distance budget...

Persistent link: https://www.econbiz.de/10013201565

Competition and fan substitution between professional sports leagues

Wallrafen, Tim; Nalbantis, Georgios; Pawlowski, Tim - In: Review of industrial organization 61 (2022) 1, pp. 21-43

Persistent link: https://www.econbiz.de/10013273595

A Unified Theory of Tobin's Q, Corporate Investment, Financing, and Risk Management

Bolton, Patrick; Chen, Hui; Wang, Neng - 2022

This paper proposes a simple homogeneous dynamic model of investment and corporate risk management for a financially constrained firm. Following Froot, Scharfstein, and Stein (1993), we define a corporation's risk management as the coordination of investment and financing decisions. In our...

Persistent link: https://www.econbiz.de/10014209333