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Public acceptability of population-level interventions to reduce alcohol consumption: A discrete choice experiment

Pechey, Rachel; Burge, Peter; Mentzakis, Emmanouil; … - In: Social Science & Medicine 113 (2014) C, pp. 104-109

discrete choice experiment provides a novel investigation of the acceptability of different interventions to reduce alcohol … consumption and the effect of information on expected effectiveness, using a UK general population sample of 1202 adults. Policy … options included high, medium and low intensity versions of: Minimum Unit Pricing (MUP) for alcohol; reducing numbers of …

Persistent link: https://www.econbiz.de/10011042269

Business cycle and monetary policy analysis in a structural sticky-price model of the euro area

Casares, Miguel - 2001

Structural models are a powerful tool for business cycle and monetary policy analysis because they are invariant to either policy changes or external shocks. In this paper, we derive a Sidrauski-type model in which both the demand and supply side are structural in the sense that the behavioral...

Persistent link: https://www.econbiz.de/10011604095

The real effects of money growth in dynamic general equilibrium

Graham, Liam; Snower, Dennis J. - 2004

We analyse the effects of money growth within a standard New Keynesian framework and show that the interaction between staggered nominal contracts and money growth leads to a long-run trade-off between output and money growth. We explore the microeconomic mechanisms that lead to this trade-off,...

Persistent link: https://www.econbiz.de/10011604458

Bank finance versus bond finance: what explains the differences between US and Europe?

De Fiore, Fiorella; Uhlig, Harald - 2005

We present a dynamic general equilibrium model with agency costs, where heterogeneous firms choose among two alternative instruments of external finance - corporate bonds and bank loans. We characterize the financing choice of firms and the endogenous financial structure of the economy. The...

Persistent link: https://www.econbiz.de/10011604593

Comparing financial systems: a structural analysis

Champonnois, Sylvain - 2006

This paper builds a model of investment and financing that incorporates heterogeneous firms into general equilibrium. In order to characterize the financial structure of an economy, the model connects the share of market finance in total external finance and the distribution of firm sizes into a...

Persistent link: https://www.econbiz.de/10011604748

Saving behaviour and global imbalances: the role of emerging market economies

Ferrucci, Gianluigi; Miralles, Cesar - 2007

In recent years there has been considerable variation in savings patterns across countries and regions, with implications for the configuration of global current account balances, asset valuations and real interest rates. This paper looks at the empirical drivers behind these trends. It uses a...

Persistent link: https://www.econbiz.de/10011604888

Monetary Policy and the Financing of Firms

De Fiore, Fiorella; Teles, Pedro; Tristani, Oreste - 2009

How should monetary policy respond to changes in financial conditions? In this paper we consider a simple model where firms are subject to idiosyncratic shocks which may force them to default on their debt. Firms’ assets and liabilities are denominated in nominal terms and predetermined when...

Persistent link: https://www.econbiz.de/10011605169

Technology, utilization and inflation: what drives the New Keynesian Phillips Curve?

McAdam, Peter; Willman, Alpo - 2011

We argue that the New-Keynesian Phillips Curve literature has failed to deliver a convincing measure of “fundamental inflation”. We start from a careful modeling of optimal price setting allowing for non-unitary factor substitution, non-neutral technical change and timevarying factor...

Persistent link: https://www.econbiz.de/10011605415

Bank leverage cycles

Nuño, Galo; Thomas, Carlos - 2013

We document the cyclical dynamics in the balance sheets of US leveraged financial intermediaries in the post-war period. Leverage has contributed more than equity to fluctuations in total assets. All three variables are several times more volatile than GDP. Leverage has been positively...

Persistent link: https://www.econbiz.de/10011605569

Long-lasting consequences of the European crisis

Jimeno, Juan F. - 2015

The Great Recession and the subsequent European crisis may have long-lasting effects on aggregate demand, aggregate supply, and, hence, on macroeconomic performance over the medium and long-run. Besides the fact that financial crisis last longer and are succeeded by slower recoveries, and apart...

Persistent link: https://www.econbiz.de/10011605877

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