 | Who Pays for Your Rewards? Redistribution of the Credit Card Market Author/Editor: Sumit Agarwal, Andrea F Presbitero, Andre Silva, Carlo Wix. Release Date:March, 2023 We study credit card rewards as an ideal laboratory to quantify redistribution between consumers in retail financial markets. Comparing cards with and without rewards, we find that, regardless of more...
| Price: $20.00
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| International Trade Spillovers from Domestic COVID-19 Lockdowns Author/Editor: Shekhar Aiyar, Davide Malacrino, Adil Mohommad, Andrea F Presbitero. Release Date:June, 2022 While standard demand factors perform well in predicting historical trade patterns, they fail conspicuously in 2020, when pandemic-specific factors played a key role above and beyond demand. more...
| Price: $20.00
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| When They Go Low, We Go High? Measuring Bank Market Power in a Low-for-Long Environment Author/Editor: Deniz O Igan, Maria Soledad Martinez Peria, Nicola Pierri, Andrea F Presbitero. Release Date:May, 2021 We examine trends in bank competition since the early 2000s. The Lerner index—arguably the most commonly used measure—shows evidence of a marked increase in market power in advanced economies, more...
| Price: $18.00
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| Predicting Macroeconomic and Macrofinancial Stress in Low-Income Countries Author/Editor: Hans Weisfeld, Irineu E de Carvalho Filho, Fabio Comelli, Rahul Giri, Klaus-Peter Hellwig, Chengyu Huang, Fei Liu, Sandra V Lizarazo Ruiz, Alexis Meyer-Cirkel, Andrea F Presbitero. Release Date:December, 2020 In recent years, Fund staff has prepared cross-country analyses of macroeconomic vulnerabilities in low-income countries, focusing on the risk of sharp declines in economic growth and of debt more...
| Price: $5.00
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| Public Debt and r - g at Risk Author/Editor: Weicheng Lian, Andrea F Presbitero, Ursula Wiriadinata. Release Date:July, 2020 As interest rate-growth differentials (r-g) turned negative in many countries, governments consider pursuing fiscal expansion and the potential risks involved. Using a large sample of advanced and more...
| Price: $18.00
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| Tracking the Economic Impact of COVID-19 and Mitigation Policies in Europe and the United States Author/Editor: Sophia Chen, Deniz O Igan, Nicola Pierri, Andrea F Presbitero. Release Date:July, 2020 We use high-frequency indicators to analyze the economic impact of COVID-19 in Europe and the United States during the early phase of the pandemic. We document that European countries and U.S. states more...
| Price: $18.00
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| On the Capacity to Absorb Public Investment: How Much is Too Much? Author/Editor: Daniel Gurara, Kangni R Kpodar, Andrea F Presbitero, Dawit Tessema. Release Date:February, 2020 While expanding public investment can help filling infrastructure bottlenecks, scaling up too much and too fast often leads to inefficient outcomes. This paper rationalizes this outcome looking at more...
| Price: $18.00
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| The Motives to Borrow Author/Editor: Antonio Fatás, Atish R Ghosh, Ugo Panizza, Andrea F Presbitero. Release Date:May, 2019 Governments issue debt for good and bad reasons. While the good reasons—intertemporal tax-smoothing, fiscal stimulus, and asset management—can explain some of the increases in public debt in more...
| Price: $18.00
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| Negative Monetary Policy Rates and Portfolio Rebalancing: Evidence from Credit Register Data Author/Editor: Margherita Bottero, Camelia Minoiu, José-Luis Peydro, Andrea Polo, Andrea F Presbitero, Enrico Sette. Release Date:February, 2019 We study negative interest rate policy (NIRP) exploiting ECB's NIRP introduction and administrative data from Italy, severely hit by the Eurozone crisis. NIRP has expansionary effects on credit more...
| Price: $18.00
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| Mobilization Effects of Multilateral Development Banks Author/Editor: Chiara Broccolini, Giulia Lotti, Alessandro Maffioli, Andrea F Presbitero, Rodolfo Stucchi. Release Date:February, 2019 We use loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controlling more...
| Price: $18.00
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