macroprudential policy is represented by a convex dependence of bank capital requirements on the quantity of uncollateralized credit …. In our model, producers are financed by both bank debt and equity, and face a mix of systematic and idiosyncratic … uncertainty. Positive/negative bubbles arise when prior public beliefs about the aggregate productivity of producers (business …

In this paper we analyse household holdings of the broad monetary aggregate M3 in the euro area from 1991 until 2009 … provides insights that go beyond the portfolio allocation decision of households. According to our analysis, it is quite … apparent that in equilibrium, households jointly determine consumption and broad money holdings both influenced by wealth as …

household characteristics. It focuses on the part of cross-border sales that arise due to work-related cross-border crossings …; it analyses the cross-border consumption behaviour of cross-border commuter households residing in Belgium, France and … Germany and working in Luxembourg. In total, it is estimated that these households spend €925 million per annum in Luxembourg …

in the measurement of household welfare all material components should be covered, i.e. consumption, income and wealth … ministers’ and central bank governors’ data gap initiative have emphasised to have an integrated micro-macro framework where … consumption, income and wealth can be analysed. Current researches linking macro and micro information for the households have …

and telecommunications, business services and financial services, are examined.  …

This paper explores differences between innovative and non-innovative establishments in business service industries. It …