Results overview: Found 13 records in 0.02 seconds.
Articles, 1 records found
Research literature, 12 records found
Articles 1 records found  
1.
24 p, 165.8 KB Liquidez, costes financieros e inversión de las empresas españolas : un análisis empírico / García Marco, Teresa
Este artículo analiza el comportamiento inversor de una muestra de empresas españolas que cotizan en bolsa a través de un modelo dinámico. La inversión es explicada con características financieras como, liquidez, costes de quiebra, ahorro fiscal y activos específicos de las empresas. [...]
This paper analyzes the investment behavior of Spanish firms through a dynamic model where investment is explained by financial characteristics such as, liquidity, bankruptcy costs, tax shield and specific assets of the firms. [...]

1998
Revista española de economia, V. 15 N. 3 (1998) , p. 463-486  

Research literature 12 records found  1 - 10next  jump to record:
1.
57 p, 970.4 KB The paradox of global thrift / Fornaro, Luca ; Romei, Federica ; Barcelona Graduate School of Economics
This paper describes a paradox of global thrift. Consider a world in which interest rates are low and monetary policy is constrained by the zero lower bound. Now imagine that governments implement prudential financial and fiscal policies to stabilize the economy. [...]
Barcelona Graduate School of Economics 2016 (Economics and Business Working Papers Series ; 1609)  
2.
55 p, 1.2 MB Failure to launch : housing, debt overhang, and the inflation option / Hedlund, Aaron ; Barcelona Graduate School of Economics
Can inflating away nominal mortgage liabilities effectively combat recessions? I address this question using a model of illiquid housing, endogenous credit supply, and equilibrium default. I show that, in an ordinary recession, temporarily raising the inflation target has only modest or even counterproductive effects. [...]
Barcelona Graduate School of Economics 2018 (ADEMU Working Paper Series ; 98)  
3.
40 p, 1.2 MB Competences and alignment in an emerging future after L-Bank : how the Eurosystem and the Single Supervisory Mechanism may develop / Smits, René
Starting with a discussion of a recent court judgment on the prudential supervisory powers of the European Central bank (ECB), the L-Bank judgment of 16 May 2017 in Case T-122/15 (currently under appeal: Case C-450/17 P), this paper explores the development of the Single Supervisory Mechanism (SSM) and of the Eurosystem, as two formations of the ECB acting together with national authorities. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2017 (ADEMU Working Paper Series ; 77)  
4.
31 p, 336.7 KB The Frisch elasticity in the Mercosur countries : a pseudo-panel approach / Sala Lorda, Hèctor (Universitat Autònoma de Barcelona) ; González, Roberto (Universitat Autònoma de Barcelona)
This paper provides estimates for the Mercosur countries of the Frisch elasticity - i. e. , the elasticity of substitution between worked hours and real wages holding constant the marginal utility of wealth. [...]
Bonn : Institute for the Study of Labor, 2011 (Discussion paper (Institute for the Study of Labor) ; 5993)  
5.
40 p, 579.3 KB The effect of firm cash holding on monetary policy / Adão, Bernardino ; Silva, André C.
Firm cash holdings increased substantially from 1980 to 2013. The overall distribution of firm cash holdings changed in the same period. We study the implications of these changes for monetary policy. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2015 (Ademu Working Papers Series ; 11)  
6.
51 p, 660.8 KB The fiscal multiplier / Hagedorn, Marcus ; Manovskii, Iourii ; Mitman, Kurt
We measure the size of the fiscal multiplier using a heterogeneous agents model with incomplete markets, capital and rigid prices and wages. This environment captures all elements that are considered essential for a quantitative analysis. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2018 (ADEMU Working Paper Series ; 135)  
7.
69 p, 1.7 MB Liquidity, government bonds and sovereign debt crises / Molteni, Francesco
This paper analyzes the Eurozone financial crisis through the lens of sovereign bond liquidity. Using novel data, I show that repo haircuts on peripheral government bonds sharply increased during the crisis, reducing their liquidity and amplifying the rise in their yields. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2017 (ADEMU Working Paper Series ; 72)  
8.
56 p, 754.0 KB Search-based endogenous asset liquidity and the macroeconomy / Cui, Wei, 1970- ; Radde, Soeren
We develop a search-theory of asset market liquidity which gives rise to endogenous financing constraints in an otherwise standard dynamic general equilibrium model. Asset liquidity describes the ease of issuance and re-saleability of private financial claims for a certain price. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2017 (ADEMU Working Paper Series ; 61)  
9.
39 p, 532.6 KB Narrow banking with modern depository institutions : Is there a reason to panic? / Rodríguez Mendizábal, Hugo
What would be the effect of imposing a 100 percent reserve requirement to depository institutions? This paper contends that reserves do not compete with loans on the asset side of bank's balance sheets. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2017 (ADEMU Working Paper Series ; 52)  
10.
23 p, 429.6 KB Euro CAC and the existing rules on sovereign debt restructuring in the Euro area : An appraisal four years after the Greek debt swap / Martinelli, Thibault
After explaining the role of Collective Action Clauses (CAC), this paper explores how these have been developed in the 'statutory' CAC operation in Greece in 2012 and the Euro-area CAC provisions found in the ESM Treaty which apply to all Euro-area bonds issued from 2013. [...]
The ADEMU Working Paper Series is being supported by the European Commission Horizon 2020 European Union funding for Research & Innovation, grant agreement No 649396.

2016 (ADEMU Working Paper Series ; 43)  

Research literature : 12 records found   1 - 10next  jump to record:
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