Now showing items 1-3 of 3

  • Capital Regulation, Heterogeneous Monitoring Costs, and Aggregate Loan Quality 

    Kopecky, Kenneth; VanHoose, David D. (2005-08-13)
    This paper develops a banking-sector framework with heterogeneous loan monitoring costs. Banks are exposed to the moral hazard behavior of borrowers and endogenously choose whether to monitor their loans to eliminate this ...
  • Openness, Central Wage Bargaining, and Inflation 

    Daniels, Joseph P.; Nourzad, Farrokh; VanHoose, David D. (2005-08-13)
    This paper develops a model of an open economy containing both sectors in which wages are market-determined and sectors with wage-setting arrangements. A portion of the latter group of sectors coordinate their wages, ...
  • Openness, the Sacrifice Ratio, and Inflation: Is there a Puzzle? 

    Daniels, Joseph P.; VanHoose, David D. (2005-08-13)
    The standard time-inconsistency-based explanation for the negative correlation between openness and inflation requires an inverse relationship between the sacrifice ratio and openness, but Daniels et al. (forthcoming) ...