Outputs (85)

Intergenerational field transitions in economics (2017)
Journal Article
Facundo, A., Cabrales, A., Hauk, E., & Warnes, P. E. (2017). Intergenerational field transitions in economics. Economics Letters, 154, 1-5. https://doi.org/10.1016/j.econlet.2017.02.001

This note documents trends of socialization and intergenerational mobility across research networks (fields) in economics. Using data on advisor-advisee pairs, we find that intergenerational field similarity is more prevalent in larger and successful... Read More about Intergenerational field transitions in economics.

Bank capital requirements and collateralised lending markets (2017)
Journal Article
Rubio, M., & Carrasco-Gallego, J. A. (2017). Bank capital requirements and collateralised lending markets. Manchester School, 85(S1), 79-103. https://doi.org/10.1111/manc.12182

In this paper, we take as a baseline a dynamic stochastic general equilibrium (DSGE) model, which features a housing market, borrowers, savers and banks, in order to evaluate the welfare and macroeconomic effects of the new fixed capital requirements... Read More about Bank capital requirements and collateralised lending markets.

Financial literacy, present bias and alternative mortgage products (2017)
Journal Article
Gathergood, J., & Weber, J. (2017). Financial literacy, present bias and alternative mortgage products. Journal of Banking and Finance, 78, 58-83. https://doi.org/10.1016/j.jbankfin.2017.01.022

Choosing a mortgage is one of the most important financial decisions made by a household. Financial innovation has given rise to more complex mortgage products with back-loaded payments, known as ‘Alternative Mortgage Products’ (AMPs), or ‘Interest-O... Read More about Financial literacy, present bias and alternative mortgage products.

Credence goods, costly diagnosis, and subjective evaluation (2017)
Journal Article
Bester, H., & Dahm, M. (2018). Credence goods, costly diagnosis, and subjective evaluation. Economic Journal, 128(611), 1367-1394. https://doi.org/10.1111/ecoj.12472

We study contracting between a consumer and an expert in a credence goods model when (i) the expert's choice of diagnosis effort is not observable, (ii) the expert might misrepresent his private information about the adequate treatment, and (iii) pay... Read More about Credence goods, costly diagnosis, and subjective evaluation.

Consistent nonparametric specification tests for stochastic volatility models based on the return distribution (2017)
Journal Article
Zu, Y., & Boswijk, P. (2017). Consistent nonparametric specification tests for stochastic volatility models based on the return distribution. Journal of Empirical Finance, 41, 53-75. https://doi.org/10.1016/j.jempfin.2016.12.005

© 2016 Elsevier Ltd This paper develops nonparametric specification tests for stochastic volatility models by comparing the nonparametically estimated return density and distribution functions with their parametric counterparts. Asymptotic null distr... Read More about Consistent nonparametric specification tests for stochastic volatility models based on the return distribution.