منابع مشابه
Economic Development Under Dominant-Party Regimes
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Flexible inflation targeting has been advocated as a practical approach to the implementation of an optimal state-contingent monetary policy, but theoretical expositions reaching this conclusion have typically abstracted from the fiscal consequences of monetary policy. Here we extend the standard theory by considering the character of optimal monetary policy under a variety of assumptions about...
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Our paper aims to answer the question: Can the macroeconomic condition be used to better allocate investments among different sectors of a market? Motivated by classical Markowitz portfolio theory, and prior work in attempting to incorporate exogenous economic factors in portfolio optimization [1][2][3][4], we explore three approaches to dynamically rebalance a portfolio as market or economic r...
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I consider the implications of alternative bankruptcy regimes for student loans in a heterogeneous model of life-cycle earnings and risky human capital accumulation. Findings suggest that the ability level of high-school graduates drives the decision to enroll in college, while the initial human capital level is crucial for completing college. Also, the correlation between parental wealth and a...
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ژورنال
عنوان ژورنال: International Economic Review
سال: 2006
ISSN: 0020-6598,1468-2354
DOI: 10.1111/j.1468-2354.2006.00391.x