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Displaying results 1 to 18 of 18.

  1. Neoclassical growth transition dynamics with one-sided commitment
    Author: Krueger, Dirk; Li, Fulin; Uhlig, Harald
    Published: 12 September 2024
    Publisher:  Centre for Economic Policy Research, London

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    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
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    Universitätsbibliothek Freiburg
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP19471
    Subjects: Idiosyncratic Risk; Limited Commitment; Transition Path; MIT Shock
    Scope: 1 Online-Ressource (circa 73 Seiten), Illustrationen
  2. Dynamic asset-backed security design
    Author: Ozdenoren, Emre; Yuan, Kathy; Zhang, Shengxing
    Published: May 2022
    Publisher:  [LSE Financial Markets Group], [London]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper / [Financial Markets Group] ; no 856
    Paul Woolley Centre working paper ; no 86
    Subjects: Liquidity; Dynamic Price Feedback; Tradable Assets; Inter-temporal Coordination; Security Design; Multiple Equilibria; Self-fulfilling Prices; Financial Fragility; Haircut; Repo; Repo Runs; Credit Crunch; Asset-Backed Security; Collateral; Limited Commitment; Adverse Selection; Market-Based Financial Intermediation
    Scope: 1 Online-Ressource, Illustrationen
  3. Neoclassical growth with long-term one-sided commitment contracts
    Author: Krueger, Dirk; Uhlig, Harald
    Published: September 9, 2022
    Publisher:  Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, Philadelphia, PA

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: PIER working paper ; 22, 023
    Subjects: Neoklassische Theorie; Wachstumstheorie; Idiosyncratic Risk; Limited Commitment; Stationary Equilibrium
    Scope: 1 Online-Ressource (circa 101 Seiten), Illustrationen
  4. Time-consistent implementation in macroeconomic games
    Author: Barthélémy, Jean; Mengus, Eric
    Published: 18 March 2022
    Publisher:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    LZ 161
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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17120
    Subjects: Implementation; Limited Commitment; Policy Rules
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
  5. Neoclassical growth with long-term one-sided commitment contracts
    Author: Krueger, Dirk; Uhlig, Harald
    Published: 19 December 2022
    Publisher:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP17757
    Subjects: Idiosyncratic Risk; Limited Commitment; Stationary Equilibrium
    Scope: 1 Online-Ressource (circa 103 Seiten), Illustrationen
  6. Neoclassical growth with long-term one-sided commitment contracts
    Author: Krueger, Dirk; Uhlig, Harald
    Published: [2022]
    Publisher:  Center for Financial Studies, Goethe University, Frankfurt am Main, Germany

    This paper characterizes the stationary equilibrium of a continuous-time neoclassical production economy with capital accumulation in which households can insure against idiosyncratic income risk through long-term insurance contracts. Insurance... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 108
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    This paper characterizes the stationary equilibrium of a continuous-time neoclassical production economy with capital accumulation in which households can insure against idiosyncratic income risk through long-term insurance contracts. Insurance companies operating in perfectly competitive markets can commit to future contractual obligations, whereas households cannot. For the case in which household labor productivity takes two values, one of which is zero, and where households have log-utility we provide a complete analytical characterization of the optimal consumption insurance contract, the stationary consumption distribution and the equilibrium aggregate capital stock and interest rate. Under parameter restrictions, there is a unique stationary equilibrium with partial consumption insurance and a stationary consumption distribution that takes a truncated Pareto form. The unique equilibrium interest rate (capital stock) is strictly decreasing (increasing) in income risk. The paper provides an analytically tractable alternative to the standard incomplete markets general equilibrium model developed in Aiyagari (1994) by retaining its physical structure, but substituting the assumed incomplete asset markets structure with one in which limits to consumption insurance emerge endogenously, as in Krueger and Uhlig (2006).

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/268900
    Series: CFS working paper series ; no. 698
    Subjects: Idiosyncratic Risk; Limited Commitment; Stationary Equilibrium
    Other subjects: Array
    Scope: 1 Online-Ressource (circa 103 Seiten), Illustrationen
  7. Government debt management and inflation with real and nominal bonds
    Author: Schmid, Lukas; Valaitis, Vytautas; Villa, Alessandro T.
    Published: March 2024
    Publisher:  [London School of Economics and Political Science], [London, UK]

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [CFM discussion paper series] ; [CFM-DP 2024, 13]
    Subjects: Optimal Fiscal Policy; Monetary Policy; Debt Management; TIPS; Incomplete Markets; Inflation; Limited Commitment; Time-consistency; Markov-perfect Equilibria
    Scope: 1 Online-Ressource (circa 72 Seiten)
  8. Coalition-proof risk sharing under frictions
    Author: Krueger, Dirk; Cole, Harold L.; Mailath, George J.; Park, Yena
    Published: 20 January 2020
    Publisher:  Centre for Economic Policy Research, London

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    LZ 161
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    Location:
    Universitätsbibliothek Mannheim
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP14333
    Subjects: Coalitions; Risk Sharing; Limited Commitment
    Scope: 1 Online-Ressource (circa 66 Seiten), Illustrationen
  9. Neoclassical growth transition dynamics with one-sided commitment
    Author: Krueger, Dirk; Li, Fulin; Uhlig, Harald
    Published: August 15, 2024
    Publisher:  Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, Philadelphia, PA

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: PIER working paper ; 24, 020
    Subjects: Idiosyncratic Risk; Limited Commitment; Transition Path; MIT Shock
    Scope: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  10. Neoclassical growth with limited commitment
    Author: Krueger, Dirk; Uhlig, Harald
    Published: August 9, 2024
    Publisher:  Penn Institute for Economic Research, Department of Economics, University of Pennsylvania, Philadelphia, PA

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: PIER working paper ; 24, 021
    Subjects: Idiosyncratic Risk; Limited Commitment; Stationary Equilibrium
    Scope: 1 Online-Ressource (circa 67 Seiten), Illustrationen
  11. Escaping expectation traps
    how much commitment is required?
    Author: Himmels, Christoph; Kirsanova, Tatiana
    Published: 2012
    Publisher:  Univ. of Glasgow, Adam Smith Business School, Glasgow

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper series / University of Glasgow, Adam Smith Business School ; 2012,18
    Subjects: Limited Commitment; Commitment; Discretion; Multiple Equilibria; Monetary and Fiscal Policy Interactions
    Scope: Online-Ressource (PDF-Datei: 31 S.), graph. Darst.
  12. Neoclassical growth with long-term one-sided commitment contracts
    Author: Krueger, Dirk; Uhlig, Harald
    Published: 2022
    Publisher:  Universitätsbibliothek Johann Christian Senckenberg, Frankfurt am Main

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Series: CFS working paper series ; No. 698
    Subjects: Neoklassische Theorie; Wachstumstheorie
    Other subjects: (stw)Neoklassische Theorie; (stw)Wachstumstheorie; Idiosyncratic Risk; Limited Commitment; Stationary Equilibrium; General; Consumption; Saving; Wealth; Arbeitspapier; Graue Literatur
    Scope: Online-Ressource
  13. Competitive risk sharing contracts with one-sided commitment
    Author: Krueger, Dirk; Uhlig, Harald
    Published: 2005
    Publisher:  Univ.-Bibliothek Frankfurt am Main, Frankfurt am Main

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    RVK Categories: QB 910
    Series: Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2005,07
    Subjects: Finanzintermediation; Risikomanagement; Vertrag; Versicherung; Indexbasierte Versicherung; Theorie; Langzeitvertrag; Risikomanagement; Haftungsbeschränkung; Wettbewerb
    Other subjects: (stw)Finanzintermediation; (stw)Risikomanagement; (stw)Vertrag; (stw)Versicherung; (stw)Theorie; Long-term Contracts; Risk Sharing; Limited Commitment; Competition; Arbeitspapier; Graue Literatur
    Scope: Online-Ressource
  14. Competitive Risk Sharing Contracts with One-Sided Commitment
    Author: Krueger, Dirk; Uhlig, Harald
    Published: 2005
    Publisher:  Humboldt-Universität zu Berlin, Berlin

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    RVK Categories: QB 910
    Subjects: Finanzintermediation; Risikomanagement; Vertrag; Versicherung; Indexbasierte Versicherung; Theorie
    Other subjects: (stw)Finanzintermediation; (stw)Risikomanagement; (stw)Vertrag; (stw)Versicherung; (stw)Theorie; Long-term contracts; Risk Sharing; Limited Commitment; Competition; Arbeitspapier; Graue Literatur
    Scope: Online-Ressource
    Notes:

    In: Sonderforschungsbereich 649: Ökonomisches Risiko, Band 2005, Ausgabe 3, 2005
  15. Evaluating asset pricing models with limited commitment using household consumption data
    Author: Krueger, Dirk; Lustig, Hanno; Perri, Fabrizio
    Published: 2006
    Publisher:  Univ.-Bibliothek Frankfurt am Main, Frankfurt am Main

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    Edition: Version September 2006
    Series: Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2006,22
    Subjects: Capital-Asset-Pricing-Modell; Vertrag; Entscheidung bei Risiko; Risikoaversion; Verbrauch; Theorie; USA; Privater Verbrauch; Asset-Backed Security
    Other subjects: (stw)CAPM; (stw)Vertrag; (stw)Entscheidung unter Risiko; (stw)Risikoaversion; (stw)Konsum; (stw)Theorie; Limited Commitment; Equity Premium; Stochastic Discount Factor; Household Consumption Data; Arbeitspapier; Graue Literatur
    Scope: Online-Ressource
  16. Neoclassical growth transition dynamics with one-sided commitment
    Author: Krueger, Dirk; Li, Fulin; Uhlig, Harald
    Published: 12 September 2024
    Publisher:  Centre for Economic Policy Research, London

    Access:
    Verlag (Deutschlandweit zugänglich)
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    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
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    Location:
    Universität Potsdam, Universitätsbibliothek
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP19471
    Subjects: Idiosyncratic Risk; Limited Commitment; Transition Path; MIT Shock
    Scope: 1 Online-Ressource (circa 73 Seiten), Illustrationen
  17. Public versus private provision of liquidity
    is there a trade-off ; conference paper
    Author: Röhrs, Sigrid; Winter, Christoph
    Published: 2014
    Publisher:  ZBW, [Kiel

    Many researchers have recommended to increase public debt in the aftermath of the financial crisis in order to relax borrowing constraints for private households. This advice is based on the common assumption that borrowing conditions of private... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DSM 13
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    Many researchers have recommended to increase public debt in the aftermath of the financial crisis in order to relax borrowing constraints for private households. This advice is based on the common assumption that borrowing conditions of private agents are exogenous to public policy. We study the impact of government debt on the provision of private credit in an economy in which borrowing limits arise because of limited contract enforceability and are thus determined as equilibrium outcomes. As such, they also depend on public policy, in particular on the amount of public debt. Using an incomplete markets economy in which households are subject to uninsurable earnings shocks, we show that an increase in government debt crowds out the supply of private credit. We also find that government debt has significantly different implications for aggregate welfare and economic activity in general if borrowing constraints are endogenous.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/100419
    Series: Array ; V4
    Subjects: Government Debt; Endogenous Borrowing Constraints; Limited Commitment; Incomplete Markets; Crowding Out
    Scope: Online-Ressource (1, 27 S.), graph. Darst.
  18. Unemployment insurance with limited commitment wage contracts and savings
    Author: Oikonomou, R.
    Published: [2016]
    Publisher:  Institut de recherches économiques et sociales de l'Université catholique de Louvain, Louvain-la-Neuve, Belgique

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 107 (2016,06)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 2078.1/172285
    Series: Discussion paper / Institut de recherches économiques et sociales de l'Université catholique de Louvain ; 2016, 6
    Subjects: Unemployment Insurance; Incomplete Markets; Optimal Contracts; Limited Commitment; Household Self-Insurance
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen