排序方式: 共有15条查询结果,搜索用时 31 毫秒
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JONAS HJORT 《The Economic history review》2010,63(3):688-709
Cultural explanations of economic phenomena have recently enjoyed a renaissance among economists. This article provides further evidence for the salience of culture through an in‐depth case study of one of the fastest‐growing economies in the world during the last 50 years—Botswana. The unique culture that developed among the Tswana before and during the early days of colonialism, which shared many features with those of western nation‐states, appears to have contributed significantly to the factors widely seen as determinants of Botswana's post‐colonial economic success: state legitimacy, good governance and democracy, commercial traditions, well‐established property rights, and inter‐ethnic unity. Neighbouring Southern African cultures typically did not exhibit these traits. 相似文献
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JÖRG DÖPKE JONAS DOVERN ULRICH FRITSCHE JIRI SLACALEK 《Journal of Money, Credit and Banking》2008,40(7):1513-1520
We estimate the Sticky Information Phillips Curve model of Mankiw and Reis (2002) using survey expectations of professional forecasters from four major European economies. Our estimates imply that inflation expectations in France, Germany, and the United Kingdom are updated about once a year, while in Italy, about once each 6 months. 相似文献
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JONAS SCHERNER 《The Economic history review》2013,66(2):497-517
Today, most scholars agree that Nazi Germany did not follow a premeditated Blitzkrieg strategy in the late 1930s and at the beginning of the Second World War. However, the question of the extent to which Germany's economy had been prepared for a longer war is still debated because statistical information on Germany's investment pattern is fragmentary and data on the structure of prewar German military expenditure are not available. Relying on newly discovered sources, this article closes these gaps. The Nazi regime clearly shifted its investment towards preparation for war from the mid‐1930s on, and though armaments purchases stagnated during the period from 1937 to 1939, investment in munitions industries grew considerably. Consequently, during the late 1930s the Nazis pursued a ‘sustainable’ rearmament strategy necessary for fighting a longer war. Yet, despite massive capacity enlargements in the munitions industries, total German investment was not unusually high by today's definition because contemporary figures included a significant amount of armaments purchases. 相似文献
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This paper examines whether fraud allegations affect firms’ contracting with the government. Using a data set of whistleblower allegations brought under the False Claims Act against firms accused of defrauding the government, we find that federal agencies do not reduce the total dollar volume of contracts with accused firms; however, they substitute approximately 14% of the harder‐to‐monitor cost‐plus contracts for fixed‐price contracts. This effect is concentrated in the procurement of services and explained by contract and service substitution. Finally, we find that after the conclusion of the investigation, the government reduces the contract dollar volume by approximately 15% for cases that resulted in a settlement. Our findings indicate that contract‐design changes are used to mitigate uncertainty in suppliers’ reputation. 相似文献
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Time‐Varying Capital Requirements and Disclosure Rules: Effects on Capitalization and Lending Decisions
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BJÖRN IMBIEROWICZ JONAS KRAGH JESPER RANGVID 《Journal of Money, Credit and Banking》2018,50(4):573-602
We investigate how banks’ capital and lending decisions respond to changes in bank‐specific capital and disclosure requirements. We find that an increase in the bank‐specific regulatory capital requirement results in a higher bank capital ratio, brought about via less asset risk. A decrease in the requirement implies more lending to firms but also less Tier 1 capital and higher bank leverage. We do not observe differences between confidential and public disclosure of capital requirements. Our results empirically illustrate a tradeoff between bank resilience and a fostering of the economy through more bank lending using banks’ capital requirement as policy instrument. 相似文献
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JONAS D.M. FISHER 《Journal of Money, Credit and Banking》2015,47(2-3):511-516
This article shows that the “risk premium” shock in Smets and Wouters (2007) can be interpreted as a structural shock to the demand for safe and liquid assets such as short‐term U.S. Treasury securities. Several implications of this interpretation are discussed. 相似文献
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Do Entrenched Managers Pay Their Workers More? 总被引:3,自引:0,他引:3
HENRIK CRONQVIST FREDRIK HEYMAN MATTIAS NILSSON HELENA SVALERYD JONAS VLACHOS 《The Journal of Finance》2009,64(1):309-339
Analyzing a panel that matches public firms with worker-level data, we find that managerial entrenchment affects workers' pay. CEOs with more control pay their workers more, but financial incentives through cash flow rights ownership mitigate such behavior. Entrenched CEOs pay more to employees closer to them in the corporate hierarchy, geographically closer to the headquarters, and associated with conflict-inclined unions. The evidence is consistent with entrenched CEOs paying more to enjoy private benefits such as lower effort wage bargaining and improved social relations with employees. Our results show that managerial ownership and corporate governance can play an important role for employee compensation. 相似文献
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