Showing 1 - 10 of 71
candidate is expectations: what people expect could affect how they feel about what actually occurs. In a real-effort experiment …
Persistent link: https://www.econbiz.de/10005051581
To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward risk and typically need to assume stability of these characteristics over time and across decision domains. We test the reliability of two choice tasks for eliciting discount...
Persistent link: https://www.econbiz.de/10010681226
This paper examines the demand and supply shocks observed in the present Eurozone member states and those observed in …
Persistent link: https://www.econbiz.de/10005766277
trade shocks and capital flows are analyzed. The choice of the nominal exchange rate regime is found to be a crucial factor … in the way various shocks are transmitted through the monetary sector. A logit model is used on panel data and … preliminary results indicate that countries with flexible regimes were able to lessen the impact of external shocks on the …
Persistent link: https://www.econbiz.de/10005051560
response to unexpected demographic, financial and macro-economic shocks. Our analysis is based on an applied many … simulations show that pension buffers are highly volatile when the shocks are drawn from realistically modelled multivariate shock …
Persistent link: https://www.econbiz.de/10008534014
beneficial when the correlation of the shocks hitting the various economies is low. However, given the potentially adverse … likely to be counterproductive when demand or supply shocks are highly symmetric across countries and the governments are …
Persistent link: https://www.econbiz.de/10005181594
This paper discusses the need and scope for an active fiscal stabilization policy. It is argued that the effectiveness of fiscal policy as a short run stabilizer does not depend on the long run multipliers of (balanced budget) fiscal policies. To the extent that activity can be affected by...
Persistent link: https://www.econbiz.de/10005196205
natural experiment to estimate that the children from these (smaller) cohorts are 40 percent more likely to commit crimes. We …
Persistent link: https://www.econbiz.de/10010877799
This paper exploits a large dataset of replications of the Holt and Laury (2002) risk elicitation task to study a possible outcome reporting bias using gender differences in risk attitudes. There is a strong consensus view in the experimental literature according to which women are more prudent...
Persistent link: https://www.econbiz.de/10010711138
Decisions under risk are often multidimensional, where the preferences of the decision maker depend on several attributes. For example, an individual might be concerned about both her level of wealth and the condition of her health. Many times the signs of successive cross derivatives of a...
Persistent link: https://www.econbiz.de/10005405931