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Campbell, Jeffrey R. (contributor); … - 2004 - [Elektronische Ressource]

"This paper characterizes the labor supply and borrowing of a household facing collateral requirements that limit its debt and compel it to accumulate equity in its durable goods stock. The household's discount rate exceeds the market rate of interest, so it would otherwise finance increased...

Persistent link: https://www.econbiz.de/10001952270

Revisiting the Role of Home Production in Life-Cycle Labor Supply

Faberman, R. Jason - Federal Reserve Bank of Chicago - 2015

This paper examines the role of home production in estimating life-cycle labor supply. I show that, consistent with previous studies, ignoring an individual’s time spent on home production when estimating the Frisch elasticity of labor supply biases its estimate downwards. I also show,...

Persistent link: https://www.econbiz.de/10011273718

The effects of progressive taxation on labor supply when hours and wages are jointly determined

Aaronson, Daniel (contributor); French, Eric (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001761492

The pitfalls in inferring risk from financial market data

Bliss, Robert R. (contributor) - 2000 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001658371

A note of the relationship between bank holding company risk and nonbank activity

Elijah Brewer, III - Federal Reserve Bank of Chicago - 1988

Persistent link: https://www.econbiz.de/10005514991

Bank capital standards for market risk: a welfare analysis

Marshall, David; Venkataraman, Subu - Federal Reserve Bank of Chicago - 1997

We develop a model of commodity money and use it to analyze the following two questions motivated by issues in monetary history: What are the conditions under which Gresham's Law holds? And, what are the mechanics of a debasement (lowering the metallic content of coins)? The model contains light...

Persistent link: https://www.econbiz.de/10005519571

Sub-debt yield spreads as bank risk measures

Evanoff, Douglas D.; Wall, Larry D. - Federal Reserve Bank of Chicago - 2001

Several recent studies have recommended greater reliance on subordinated debt as a tool to discipline bank risk taking …

Persistent link: https://www.econbiz.de/10005420014

The implications of first-order risk aversion for asset market risk premiums

Bekaert, Geert; Hodrick, Robert J.; Marshall, David A. - Federal Reserve Bank of Chicago - 1994

Persistent link: https://www.econbiz.de/10005410921

Bank failures, systemic risk, and bank regulation

Kaufman, George G. - Federal Reserve Bank of Chicago - 1996

Persistent link: https://www.econbiz.de/10005414707

The equity premium puzzle and the risk-free rate puzzle at long horizons

Daniel, Kent; Marshall, David - Federal Reserve Bank of Chicago - 1996

risk-free rate has been attributed by some authors to frictions, transaction costs or durability. However, such frictions … risk-free rate. We find that time-separable preferences fail at all horizons, and none of the models perform well at the … more success matching the first and second moments of the observed risk-free rate. A major unresolved issue is to …

Persistent link: https://www.econbiz.de/10005414715