This study assesses how banking sector integration and especially cross-border lending affect macroeconomic stability. I use a two-country general equilibrium model with heterogeneous banks that are hit by idiosyncratic shocks. According to the concept of granularity, idiosyncratic shocks to large firms (or: banks) do not have to cancel out under a skewed distribution of firm sizes. Given the...
Franziska Bremus
Rethymno, Griechenland,
24.05.2012
- 26.05.2012| 16th Annual International Conference on Macroeconomic Analysis and International Finance
Franziska Bremus
Rethymno, Griechenland,
24.05.2012
- 26.05.2012| 16th Annual International Conference on Macroeconomic Analysis and International Finance
This paper explores the quantitative role of financial market frictions on capital flows and the business cycle in emerging markets. A financial sector in close analogy to Gertler and Karadi (2011) is embedded in an otherwise standard neoclassical model of a small open economy. An agency problem between international investors and domestic banks gives rise to an endogenously determined leverage...
Christoph Große Steffen
Rethymno, Griechenland,
24.05.2012
- 26.05.2012| 16th Annual International Conference on Macroeconomic Analysis and International Finance
In this paper we estimate an intertemporal structural model of labor supply for mothers with young children. In order to validate the structural model, we make use of a recently introduced parental leave reform in Germany. We compare the behavioral predictions of the structural model under the reform (out-of-sample fit) to results based on an evaluation where we exploit the parental leave reform...
Johannes Geyer, Peter Haan, Katharina Wrohlich
Dublin, Irland,
17.05.2012
- 19.05.2012| IZA Workshop Recent Advances in Labor Supply Modeling
Felix Groba, Jing Cao
Berlin,
16.05.2012
| Brown Bag Seminar of the Sustainability Cluster: Chinese Renewable Energy Technology Exports: The Role of Policy, Markets and Innovation
Markus M. Grabka
Berlin,
11.05.2012
- 12.05.2012| Reichtum, Vermögen und Gemeinwohl: Wege zu einer neuen Vermögenskultur: Tagung der Evangelischen Akademie zu Berlin