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Monetary and Social Incentives in Multi-Tasking : The Ranking Substitution Effect
Stefan, Matthias - 2020
dynamic model of multi-tasking and an accompanying experiment with financial professionals, we identify hidden ranking costs … when performance in one task is incentivized and ranked while another prosocial task is not: (i) a ranking influences … ranked task; (ii) those ahead in the ranking spend less total effort and lower relative effort in the ranked task …
Persistent link: https://www.econbiz.de/10012831230
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Monetary and Social Incentives in Multi-Tasking : The Ranking Substitution Effect
Stefan, Matthias - 2020
dynamic model of multi-tasking and an accompanying experiment with financial professionals, we identify hidden ranking costs … when performance in one task is incentivized and ranked while another prosocial task is not: (i) a ranking influences … ranked task; (ii) those ahead in the ranking spend less total effort and lower relative effort in the ranked task …
Persistent link: https://www.econbiz.de/10012833599
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A Dove to Hawk Ranking of the Martin to Yellen Federal Reserves
Wilson, Linus - 2019
This note ranks the Federal Reserves based on the tenure of their chairs from William McChesney Martin, Jr. to Janet L. Yellen, using data from 1958 through 2018. Inflation “doves” are willing to tolerate more inflation than inflation “hawks.” Comparing the Taylor (1993) rule and core...
Persistent link: https://www.econbiz.de/10012904615
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The Journal Rankings of Central Banks
Kohlscheen, Emanuel - 2011
an active working paper series in 2010. It proceeds to construct a novel journal ranking that is more suited for monetary … Journal of Money, Credit and Banking and the Journal of Finance stand out as the top outlets in the global ranking. Sweden …
Persistent link: https://www.econbiz.de/10013124881
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Exogenous policy shock and logic centrality shift : NBA policy and NCAA outcomes
Juravich, Matthew; Mills, Brian - In: Journal of sport management : the official journal of … 31 (2017) 5, pp. 452-465
Persistent link: https://www.econbiz.de/10011823036
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Reconsideration of the P-Bar Model of Gradual Price Adjustment
McCallum, Bennett T. - 2008
This paper compares the P-bar model of price adjustment with the currently dominant Calvo specification. Theoretically, the P-bar model is more attractive as it depends upon adjustment costs for physical quantities rather than nominal prices, while incorporating a one-period information lag....
Persistent link: https://www.econbiz.de/10012464484
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Towards a Monetary Policy Evaluation Framework
Adjemian, Stephane - 2009
Advances in the development of Dynamic Stochastic General Equilibrium (DSGE) models towards medium-scale structural frameworks with satisfying data coherence have considerably enhanced the range of analytical tools well-suited for monetary policy evaluation. The present paper intends to make a...
Persistent link: https://www.econbiz.de/10012766244
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Reconsideration of the P-Bar Model of Gradual Price Adjustment
McCallum, Bennett T. - 2010
This paper compares the P-bar model of price adjustment with the currently dominant Calvo specification. Theoretically, the P-bar model is more attractive as it depends upon adjustment costs for physical quantities rather than nominal prices, while incorporating a one-period information lag....
Persistent link: https://www.econbiz.de/10012758598
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The financial turmoil of 2007–?: a preliminary assessment and some policy considerations
Borio, Claudio E. V. - Bank für Internationalen Zahlungsausgleich <Basel> - 2008
The unfolding financial turmoil in mature economies has prompted the official and private sectors to reconsider policies, business models and risk management practices. Regardless of its future evolution, it already threatens to become one of the defining economic moments of the 21st century....
Persistent link: https://www.econbiz.de/10009305089
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Communication and decision-making by central bank committees : different strategies, same effectiveness?
Ehrmann, Michael (contributor);  … - 2005
The paper assesses the communication strategies of the Federal Reserve, the Bank of England and the European Central Bank and their effectiveness. We find that the effectiveness of communication is not independent from the decisionmaking process in the committee. The paper shows that the Federal...
Persistent link: https://www.econbiz.de/10003014292