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Austin Logistics Inc. Solutions provides tools that help centralize resource management, optimize and maintain compliance of calling schedules for consumer financial service organization (banks, financial institutions). With the increasing number of customers, the amount of rework and...
Persistent link: https://www.econbiz.de/10009429328
This paper proposes several statistical tests for finite state Markov games to examine the null hypothesis that the data are generated from a single equilibrium. We formulate tests of (i) the conditional choice probabilities, (ii) the steady-state distribution of states and (iii) the conditional...
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Uncertainty about the riskiness of new financial products was an important factor behind the U.S. credit crisis. We show that a boom-bust cycle in debt, asset prices and consumption characterizes the equilibrium dynamics of a model with a collateral constraint in which agents learn "by...
Persistent link: https://www.econbiz.de/10008560424
We consider 1927 borrowers from 54 countries who had a credit rating by both Moody s and S&P as of the end of 1998, and their subsequent default history up to the end of 2002. Viewing bond ratings as predicted probabilities of default, we show that it is unlikely that both agencies are well...
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, we develop a novel calibration method to identify central bank's preferences from the estimates of an optimal Taylor …
Persistent link: https://www.econbiz.de/10011594051
By 1980 the American nuclear industry, along with its nuclear knowledge infrastructure, was in decline due to growing public concerns for nuclear safety, nuclear weapons proliferation, economic uncertainty, mediocre early reactor performance and waste disposal. Recent renewed interest in...
Persistent link: https://www.econbiz.de/10010670039