Auflistung nach Autor "Massenot, Baptiste"

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    • Can Firms see into the Future? Survey evidence from Germany 

      Massenot, Baptiste; Pettinicchi, Yuri (2017-11-03)
      This paper presents new evidence on the expectation formation process of firms from a survey of the German manufacturing sector. It focuses on the expectation about their future business conditions, which enters the widely ...

    • Can Households See into the Future? Survey Evidence from the Netherlands 

      Massenot, Baptiste; Pettinicchi, Yuri (2018-07-14)
      This paper presents new evidence on the expectation formation process from a Dutch household survey. Households become too optimistic about their future income after their income has improved, consistent with the ...

    • Compensation Schemes, Liquidity Provision, and Asset Prices: An Experimental Analysis 

      Baghestanian, Sascha; Gortner, Paul; Massenot, Baptiste (2015-06-01)
      In an experimental setting in which investors can entrust their money to traders, we investigate how compensation schemes affect liquidity provision and asset prices. Investors face a trade-off between risk and return. At ...

    • Credit Cycles: Experimental Evidence 

      Massenot, Baptiste (2016-06-23)
      This paper reports that credit cycles emerged in laboratory economies that were not hit by aggregate shocks and in which information about fundamentals was perfect. This main result is in our view puzzling because standard ...

    • Depressed Demand  

      Massenot, Baptiste; Nghiem, Giang (2020-02-14)
      Using a survey of Dutch households, we find that individuals who have experienced higher national unemployment rates over their lifetime save more and borrow less, after controlling for aggregate shocks, income, wealth, ...

    • Informal Sector and Economic Development: The Credit Supply Channel 

      Massenot, Baptiste; Straub, Stéphane (2015-05-01)
      The standard view suggests that removing barriers to entry and improving judicial enforcement reduces informality and boosts investment and growth. However, a general equilibrium approach shows that this conclusion may ...

    • Macroprudential Policy in the Lab 

      Gortner, Paul; Massenot, Baptiste (2018-12-20)
      Higher capital ratios are believed to improve system-wide financial stability through three main channels: (i) higher loss-absorption capacity, (ii) lower moral hazard, (iii) stabilization of the financial cycle if capital ...

    • Mental Accounting in a Business Cycle Model 

      Massenot, Baptiste (2018-12-17)
      Motivated by the consumer behavior literature, this paper presents a new business cycle model in which consumers incur a pain of paying and neglect the opportunity costs of consumption. Although consumers maximize their ...