This paper studies the bank-sovereign link in a dynamic stochastic general equilibrium set-up with strategic default on public debt. Heterogeneous banks give rise to an interbank market where government bonds are used as collateral. A default penalty arises from a breakdown of interbank intermediation that induces a credit crunch. Government borrowing under limited commitment is costly ex ante as...
Christoph Große Steffen, Philipp Engler
Oslo, Norwegen,
22.06.2014
- 24.06.2014| 20th International Conference on Computing in Economics and Finance: CEF 2014. Society for Computational Economics
Constanze Lejeune, Peter Krause
Hamburg,
20.06.2014
- 21.06.2014| Soziale Beziehungen und soziales Kapital in kritischen Lebensphasen: Workshop der Universität Hamburg, Fachbereich Sozialökonomie
C. Katharina Spieß
Hannover,
19.06.2014
| Was Hänschen nicht lernt ...? Biologische, psychologische und ökonomische Perspektiven auf die frühkindliche Sozialisation: Leopoldina-Lecture in Herrenhausen
This paper studies the bank-sovereign link in a dynamic stochastic general equilibrium set-up with strategic default on public debt. Heterogeneous banks give rise to an interbank market where government bonds are used as collateral. A default penalty arises from a breakdown of interbank intermediation that induces a credit crunch. Government borrowing under limited commitment is costly ex ante as...
Christoph Große Steffen, Philipp Engler
Minneapolis, USA,
19.06.2014
- 22.06.2014| North American Summer Meeting of the Econometric Society
Child-raising pension benefits in Germany are designed as a compensation for maternal employment interruptions due to child-birth. In comparison to most other family benefits, child-raising pension benefits are accumulated upon child birth but become effective only on the verge of retirement. Hence, the extent to which child-raising pension benefits are determinants of the maternal employment...
Andreas Thiemann
Venedig, Italien,
19.06.2014
- 20.06.2014| Netspar International Pension Workshop 2014
Gert G. Wagner
Berlin,
18.06.2014
| Gemeinsame Verantwortung für eine gerechte Gesellschaft: Kongress der Ökumenischen Sozialinitiative des Rates der Evangelischen Kirche in Deutschland und der Deutschen Bischofskonferenz
Patricia Gallego Granados
Berlin,
18.06.2014
| Cluster-Seminar Öffentliche Finanzen und Lebenslagen: Sample Selection and Quantile Regression: An Application to Wages in Germany
Elisabeth Bügelmayer, Daniel D. Schnitzlein
Braga, Portugal,
18.06.2014
- 21.06.2014| 28th Annual Conference of the European Society for Population Economics (ESPE)
We study the impact of the Fukushima disaster on people's mental well-being in another industrialized country, more than 5000 miles distant. The meltdown significantly increased environmental concerns by 20% among the German population. Subsequent drastic policy action permanently shut down the oldest nuclear reactors, implemented the phase-out of the remaining ones, and proclaimed the transition...
Jan Goebel, Christian Krekel, Tim Tiefenbach, Nicolas R. Ziebarth
Braga, Portugal,
18.06.2014
- 21.06.2014| 28th Annual Conference of the European Society for Population Economics (ESPE)
Valeria Groppo, Mariapia Mendola
Braga, Portugal,
18.06.2014
- 21.06.2014| 28th Annual Conference of the European Society for Population Economics (ESPE)
Kati Schindler, Valeria Groppo
Braga, Portugal,
18.06.2014
- 21.06.2014| 28th Annual Conference of the European Society for Population Economics (ESPE)