Resultats globals: 3 registres trobats en 0.02 segons.
Documents de recerca, 3 registres trobats
Documents de recerca 3 registres trobats  
1.
34 p, 433.9 KB The fiscal theory of the price level in a world of low interest rates / Bassetto, Marco ; Cui, Wei
A central equation for the fiscal theory of the price level (FTPL) is the government budget constraint (or "government valuation equation"), which equates the real value of government debt to the present value of fiscal surpluses. [...]
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 ; 125)  
2.
47 p, 609.7 KB Default cycles / Cui, Wei, 1970- ; Kaas, Leo
Recessions are often accompanied by spikes of corporate default and prolonged declines of business credit. This paper argues that credit and default cycles are the outcomes of variations in self-fulfilling beliefs about credit market conditions. [...]
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 ; 62)  
3.
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)  

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