Now showing items 41-47 of 47
Implications of Shadow Bank Regulation for Monetary Policy at the Zero Lower Bounds
Counter to the credit channel of monetary transmission, monetary policy tightening induces a rise in lending by two different types of non-bank financial institutions (NBFI): shadow banks and investment funds. A monetary ...
The Impact of a Negative Labor Demand Shock on Fertility
Evidence from the Fall of the Berlin Wall
How does a negative labor demand shock impact individual-level fertility? I analyze this question in the context of the East German fertility decline after the fall of the Berlin Wall in 1989. Exploiting differential ...
FRM: a Financial Risk Meter based on penalizing tail events occurrence
In this paper we propose a new measure for systemic risk: the Financial Risk Meter (FRM). This measure is based on the penalization parameter (Lambda) of a linear quantile lasso regression. The FRM is calculated by taking ...
Spatial Functional Principal Component Analysis with Applications to Brain Image Data
This paper considers a fast and effective algorithm for conducting functional principle component analysis with multivariate factors. Compared with the univariate case, our approach could be more powerful in revealing ...
Dynamic Topic Modelling for Cryptocurrency Community Forums
Cryptocurrencies are more and more used in official cash flows and exchange of goods. Bitcoin and the underlying blockchain technology have been looked at by big companies that are adopting and investing in this technology. ...