Page 1 Beiträge zur betriebSWirtschaftlichen Forschung Alexander Kempf 9
Wertpapierlicuidität und Wertpapierpreise a O GABLER Page 2 Kempf: Wertpapierliquidität …

A stochastic macromodel with dynamically optimising wage-setting households is used to
examine the effect on current macroeconomic variables of an anticipated increase in …

Temporary nominal rigidity is introduced into a dynamic stochastic general equilibrium
model of a small open economy. The foreign country is also modelled, and is the closed …

Latest Edition: Financial Economics, Risk and Information (2nd Edition) This book presents a
balanced blend of pure finance and contract theory in the presence of risk, alternative forms …

In a discrete-time model, higher variability of the future money supply affects current
macroeconomic variables when beginning-of-period money is the argument of utility, but not …

This dissertation includes three essays on economic dynamics in models of endogenous
discounting. In a representative agent, one-sector growth model in which the discounting is …

The aim of this paper is to present the new theory called “inductive game theory”. A paper,
published by one of the present authors with A. Matsui, discussed some part of inductive …

This paper contributes to the existing literature in the cash-in-advance asset-pricing general
equilibrium model for open economies by showing that if one allows for a variable velocity of …

This paper presents theory and some empirical evidence on the relationship between the
demands for money and stocks and bonds in the presence of changes in the volatility of …