Research in Economics最新文献_第2页

Reading between the lines: Quantitative text analysis of banking crises 字里行间的解读：银行危机的定量文本分析

IF 1.2

Research in Economics Pub Date : 2024-09-12 DOI: 10.1016/j.rie.2024.101000

Emile du Plessis

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引用次数: 0

CBDC and banking stability: Modeling cascading effects on reserves, lending, and liquidity CBDC 与银行业稳定性：模拟对储备金、贷款和流动性的连带效应

IF 1.2

Research in Economics Pub Date : 2024-09-12 DOI: 10.1016/j.rie.2024.101005

Gilles Brice M'bakob , Anatole Tchounga

{"title":"CBDC and banking stability: Modeling cascading effects on reserves, lending, and liquidity","authors":"Gilles Brice M'bakob , Anatole Tchounga","doi":"10.1016/j.rie.2024.101005","DOIUrl":"10.1016/j.rie.2024.101005","url":null,"abstract":"<div><p>This research uses a dynamic modelling approach to design and simulate an equilibrium model of the interaction between CBDC issuance, deposits and bank reserves. With many central banks announcing their intention to issue central bank digital currencies (CBDCs), it has become imperative to rigorously analyse the potential impact of these issues on the banking system. This study aims to examine the implications of the introduction of CBDCs within a robust analytical framework, in order to inform policymakers and financial sector players about the possible consequences of this major monetary innovation. The study results show that overconfidence of economic agents towards CBDCs can drastically reduce bank reserves, thereby limiting the lending capacity of banks and creating liquidity problems. Similarly, increasing reserve requirements in fiat currency for each unit of CBDC issued can constrain bank reserves and restrict loans and deposits. Additionally, a rise in interest rates on CBDC-related loans can discourage borrowers, thereby reducing loan demand and affecting banking activity. An increase in interest rates leads to a decrease in the quantity of CBDC in circulation, an increase in bank reserves and deposits in CBDC, and a decrease in bank loans. Monitoring the level of confidence of economic agents towards CBDCs is crucial to avoid excessive speculation.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"78 4","pages":"Article 101005"},"PeriodicalIF":1.2,"publicationDate":"2024-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142274627","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Private ownership in monopolistic competition models 垄断竞争模式中的私有制

IF 1.2

Research in Economics Pub Date : 2024-09-11 DOI: 10.1016/j.rie.2024.101003

Vincent Boitier

引用次数: 0

Resilient forces: The role of intangible capital in mitigating financial contagion dynamics 弹性力量：无形资本在缓解金融疫情动态中的作用

IF 1.2

Research in Economics Pub Date : 2024-09-07 DOI: 10.1016/j.rie.2024.101001

Çiğdem Ateş-Saygılı

引用次数: 0

The effect of human capital on the trade-growth nexus: A dynamic panel threshold analysis 人力资本对贸易-增长关系的影响：动态面板阈值分析

IF 1.2

Research in Economics Pub Date : 2024-09-01 DOI: 10.1016/j.rie.2024.100988

Mariem Gharsallah, Salwa Trabelsi

引用次数: 0

A stochastic-demographic model to explain success and dominance in international sports 解释国际体育赛事成功与主导地位的随机人口统计模型

IF 1.2

Research in Economics Pub Date : 2024-08-24 DOI: 10.1016/j.rie.2024.100990

Julian Alexander Klöcker, Frank Daumann

引用次数: 0

Effect of climate finance on environmental quality: A global analysis 气候融资对环境质量的影响：全球分析

IF 1.2

Research in Economics Pub Date : 2024-08-24 DOI: 10.1016/j.rie.2024.100989

Tibi Didier Zoungrana , Aguima Aimé Bernard Lompo , Daouda Lawa tan Toé

引用次数: 0

Examining the New Keynesian Phillips Curve in the U.S.: Why has the relationship between inflation and unemployment weakened? 研究美国的新凯恩斯主义菲利普斯曲线：通胀与失业之间的关系为何减弱？

IF 1.2

Research in Economics Pub Date : 2024-08-20 DOI: 10.1016/j.rie.2024.100987

Rouven E. Haschka

{"title":"Examining the New Keynesian Phillips Curve in the U.S.: Why has the relationship between inflation and unemployment weakened?","authors":"Rouven E. Haschka","doi":"10.1016/j.rie.2024.100987","DOIUrl":"10.1016/j.rie.2024.100987","url":null,"abstract":"<div><p>This paper conducts a comprehensive review of the relationship between inflation and unemployment in the U.S. as described by the Phillips curve in a New Keynesian framework and investigates whether this relationship has changed systematically over time. We also aim to identify possible explanations for these changes. Three different hypotheses are discussed to assess whether they are consistent with more recent developments, such as the evolution of inflation expectations, the impact of globalization, and possible nonlinearities in the functional shape of the Phillips curve. We find that the relationship between inflation and unemployment has weakened since the 1980s and especially during the Covid-19 pandemic due to forces of globalization and better anchored inflation expectations resulting from more credible monetary policy. This has led to question of whether the Phillips curve is outdated. We conclude with the implications of these findings for the conduct of monetary policy.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"78 4","pages":"Article 100987"},"PeriodicalIF":1.2,"publicationDate":"2024-08-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1090944324000516/pdfft?md5=379ad262b8afc3e0f2b94970f1ddd50d&pid=1-s2.0-S1090944324000516-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142044313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Bayesian probability revision and infection prevention behavior in Japan: A quantitative analysis of the first wave of COVID-19 贝叶斯概率修正与日本的感染预防行为：COVID-19 第一波定量分析

IF 1.2

Research in Economics Pub Date : 2024-07-16 DOI: 10.1016/j.rie.2024.100986

Shin Kinoshita , Masayuki Sato , Takanori Ida

{"title":"Bayesian probability revision and infection prevention behavior in Japan: A quantitative analysis of the first wave of COVID-19","authors":"Shin Kinoshita , Masayuki Sato , Takanori Ida","doi":"10.1016/j.rie.2024.100986","DOIUrl":"10.1016/j.rie.2024.100986","url":null,"abstract":"<div><p>The relationship between cognitive biases and infection prevention behavior remains unexplored in the existing literature. This study uses data from a questionnaire survey conducted in Japan on the first wave of Coronavirus Disease 2019 (COVID-19) from February to May 2020 to empirically investigate the impact of Bayesian probability inference, the influence of cognitive biases of PCR test results on infection prevention behavior, and the discrepancy between infection prevention intentions and behaviors. We used a bivariate ordinal probit model when considering the correlation between behaviors. The results showed that the higher probability responses, implying pessimistic biases, were more likely to indicate that declaring a state of emergency was necessary and effective, and were more health-oriented in ensuring infection prevention behavior even at the expense of the economy. However, the study found that although they wanted to reduce the frequency of their outings and the number of people they met, they did not reduce them in terms of actual behavior change. It also found that those with pessimistic biases had a higher WTP for the vaccine.</p></div>","PeriodicalId":46094,"journal":{"name":"Research in Economics","volume":"78 4","pages":"Article 100986"},"PeriodicalIF":1.2,"publicationDate":"2024-07-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141844538","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Revisiting the economic growth on Latin American and Caribbean Countries: The role of trade and democracy 重新审视拉丁美洲和加勒比国家的经济增长：贸易和民主的作用

IF 1.2

Research in Economics Pub Date : 2024-07-06 DOI: 10.1016/j.rie.2024.100985

Vitor Bernard de Souza Santos , Mauricio Vaz Lobo Bittencourt

引用次数: 0