Increased importance of leasing after HNB regulatory measures
Modeling
Basic model...Comments, Suggestions, Questions
Why not try a simple structural supply-demand...
Data limitations
Empirical Model:
Data set construction:
Panel of non-overlapping...changes in mean GDP growth
Random effect estimation
Robust regression
...
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Any optimal model weighs cost and benefit
“Our framework builds on…from a...2007)
The paper needs to clearly identify which motive it is dealing with
The...
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Any optimal model weighs cost and benefit
“Our framework builds on…from a...2007)
The paper needs to clearly identify which motive it is dealing with
The...
Our model
• Many banks i=1,..N and two dates
• Time 0: Choice of investments &...negative externality e(W*-W1) on economy
Externality
W* = z A W1
Economic...
of open economies have been set up to model international
portfolio choices....and bond holdings within the framework of an open economy macroeconomic...
extent of excessive leverage (Damijan 2014 for example)
The overindebtedness model...and dividends are frozen at 2014 levels
Strengths and weaknesses of the...
The model I presented provided one scenario of how attempts to satisfy the nominal...Helmut Wagner, Chair of Macroeconomics, University of Hagen 13
Econometric...
