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It is a pleasure to participate in this conference
and join in the recognition of Bill
Poole. My remarks build on two of Bill
Poole’s important contributions to monetary
theory: his 1970 Quarterly...
Some Evidence on the Importance of Sticky Prices.
When Do Foreign Banks Finance Domestic Projects?New Evidence on the Importance of Legal and Financial Systems
International Finance Banks and Banking
2015/5/13
This paper analyzes how different legal and financial systems affect the composition of loan syndicates, and how the composition, in turn, affects loan pricing. In contrast with previous work on the a...
State-independent importance sampling for regularly varying random walks
State-independent regularly random walks
2012/9/14
Efficient simulation of rare events involving sums of heavy-tailed random vari-ables has been an active research area in applied probability in the lastfifteen years.These rare events arise in many ap...
Importance of CO2 Emissions in Construction Phase. Two Case Studies: New Construction and Renovated Building
Carbon Dioxide Embodied Energy Building Energy Certification
2013/2/23
With the new Technical Code for Construction and Energy Certification (application of the EPBD in Spain) energy consumption and carbon dioxide emissions are now taken into consideration during buildin...
Double trouble: the importance of accounting for and defining water entitlements consistent with hydrological realities
hydrological integrity interception water accounting water markets water rights water trading
2011/10/6
When entitlements to access water in fully allocated river and aquifers are specified in a manner that is inconsistent with the ways that water arrives, flows across and flows through land, inefficien...
The Importance of Adverse Selection in the Credit Card Market: Evidence from Randomized Trials of Credit Card Solicitations
adverse selection consumer credit credit cards household finance
2011/8/22
Analyzing unique data from multiple large-scale randomized marketing trials of preapproved credit card solicitations by a large financial institution, we find that consumers responding to the lender's...
The importance of output for the monetary policy rules
the policy makers the central banks monetary policy regimes
2011/8/21
We examine the importance of variable output (Gross Domestic Product (GDP) growth rate) on the preferences of the policy makers. We do so by examining the effect of output regimes on the form of monet...