Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 11 of 11 for “"Procyclicality."”.
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Unintended consequences of well-intended regulation : the procyclical effects of the Basel I capital regulations on the U.S. banking industry.
… capital regulation of increasing the natural procyclicality of bank loan supply. However, to date the literature appears to say little on whether or not the Basel I capital regulations have any effect on the natural procyclicality of bank loan supply. To test this, I constructed a new loan …
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Essays on career mobility in the UK labour market
… of the results obtained by using LFS. The procyclicality of occupational and industrial mobility are reassured when the change of interviewing method is controlled for. The further detailed occupational and industrial classification is applied, and the pro-cyclicality of occupational and …
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Le novità di Basilea III e le implicazioni per le banche italiane
… and negative phases of the economic cycle (procyclicality). A large number of big banks, that usually relied upon interbank liquidity, have been able to face the crises only thanks to the long term refinancing operations put in place by the Central Banks. During the last financial …
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Essays in Empirical Macroeconomics
… and institutional quality in reducing fiscal procyclicality and macroeconomic volatility in oil-exporting countries. The results show that oil funds are effective in reducing fiscal procyclicality in countries with high institutional quality. There is also a reduction in the procyclical bias …
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Essays in Empirical Macroeconomics
… and institutional quality in reducing fiscal procyclicality and macroeconomic volatility in oil-exporting countries. The results show that oil funds are effective in reducing fiscal procyclicality in countries with high institutional quality. There is also a reduction in the procyclical bias …
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Essays on Fiscal Policy in Developing Countries
… with other common explanations for fiscal procyclicality. Without the political friction, borrowing constraints and differences in macroeconomic volatility cannot account for the differences in fiscal policy across countries in this setting. The second chapter addresses potential …
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Essays on financial frictions with an application to the Chinese economy
… noticeable procyclical effect, while the procyclicality under a TFP shock and the countercyclicality under a shock to the marginal efficiency of investment (MEI) are quantitatively insignificant.
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Worker flows in South Africa from 2008 to 2019: Evidence from matched quarterly labour force survey
… Gross worker flows are procyclical. But its procyclicality is driven by the procyclical worker flows in the informal sector. In contrast, worker flows in the formal sector are acyclical. There is substantial heterogeneity in worker flows across different firms, jobs, industries, and …
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Essays on Asset Pricing and Downside Risk
… countercyclicality of the equity premium and the procyclicality of the risk-free rate. The model is parsimonious, requiring only three preference-related parameters: the time discount factor, the elasticity of intertemporal substitution, and the downside risk aversion. When we use the model to …
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The cyclical and structural stance of fiscal policy
… developing countries. Moreover, the tendency for procyclicality of tax policy becomes stronger when institutions are weak and public debt is high. In Chapter 3, I examine empirically the fiscal impact of demographic shift, and project its future impact on public spending. For empirical analysis, …
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Essays on Macroeconomics with Financial Frictions
… equilibrium model is developed to account for procyclicality of capital reallocation. Firms are heterogeneous in their productivities and they trade used capital in a market which is subject to search frictions. After idiosyncratic productivity shocks are realized, firms are able to adjust …