Now showing items 1-6 of 6
Disappearance of reputations in two-sided incomplete-information games
(Academic Press Inc Elsevier Science, 2014-11)
This paper examines the sustainability of reputations in a class of games with imperfect public monitoring and two long-lived players, both of whom have private information about their own type and uncertainty over the ...
Keep your Word: Time-varying Inflation Targets and Inflation Targeting Performance
This paper investigates the implicit inflation targets of inflation targeting (IT) central banks (CBs). The implicit (perceived) inflation targets of IT CBs derived from their actions (policy interest rates) are calculated ...
How Can Recessions Be Brought To An End? Effects Of Macroeconomic Policy Actions On Durations Of Recessions
(Univ Cema, 2014-05)
This paper analyzes how effective macroeconomic policy actions are in ending recessions. We also investigate which structural factors help the country to experience shorter recessions. We implement survival regression ...
Optimality of linearity with collusion and renegotiation
(Elsevier Science Bv, 2014-09)
This study analyzes a continuous-time N-agent Brownian moral hazard model with constant absolute risk aversion (CARA) utilities, in which agents' actions jointly determine the mean and variance of the outcome process. In ...
Efectos de la dolarización oficial en una pequeña economía abierta: El caso de Ecuador
(Univ Nacional Autonoma Mexico, Inst Geografia, 2014-12)
El presente artículo investiga los efectos de la dolarización en el desempeño macroeconómico de una pequeña economía abierta, la de Ecuador, empleando para ello un análisis de series de tiempo. Específicamente, exploramos ...
Truth-telling and trust in sender-receiver games with intervention: an experimental study
(Springer Heidelberg, 2014-06)
Recent experimental studies find excessive truth-telling in sender-receiver games. We show that this phenomenon is robust to the random intervention of a truthful regulator. In addition, intervention significantly increases ...