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Structural distortions in the Euro interbank market: The role of 'key players' during the recent market turmoil
Market microstructure network analysis moneymarkets asset pricing.
2012/9/14
We study the frictions in the patterns of trades in the Euro money market. We characterize the structure of lending relations during the period of recent financial turmoil. We use network-topology met...
Greening by the Market? Distortions Caused by Fiscal Incentives to Build on Brownfield
key assumptions capital market brownfield development residential construction
2011/9/12
This is a theoretical paper which draws on the existing land planning and state failure literatures to underpin its key assumptions and to provide an appropriate context. Its main purpose is to consid...
Structural Distortions and Decentralized Fiscal Policies in EMU
discretionary monetary policy wagerigidity,decentralized fi scal policy monetary union infl ation targets debt targets
2011/8/21
The combination of discretionary monetary policy, labor-market distortions, and nominal wage rigidity yields excessive inflation as monetary policy tries to exploit nominal wage contracts to address l...