Blar i NHH Brage på forfatter "Molnar, Krisztina"
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Central bank digital currencies – fad or the future? : a framework for country level assessment of central bank digital currencies.
Killingland, Mona; Dahl, Lisa Blakstad (Master thesis, 2018)When should central banks issue their own digital currencies? There is no clear guidance on this issue, neither from theory nor practice. In this thesis we perform a textual analysis of the available literature to identify ... -
The effects of financial constraints on business fundamentals and asset returns : evidence from a small open economy
Mjøs, Erik Eikeseth; Pedersen, Maria Eithun (Master thesis, 2019)In this thesis we investigate whether financially constrained firms are fundamentally riskier than unconstrained firms, whether this risk is priced in the form of a financial constraint factor, and whether the financial ... -
Euler Equations, Subjective Expectations and Income Shocks
Attanasio, Orazio; Kovacs, Agnes; Molnar, Krisztina (DP SAM;21/2018, Working paper, 2018)In this paper, we make three substantive contributions: first, we use elicited subjective income expectations to identify the levels of permanent and transitory income shocks in a life-cycle framework; second, we use these ... -
Euler Equations, Subjective Expectations and Income Shocks.
Attanasio, Orazio; Kovacs, Agnes; Molnar, Krisztina (DP SAM;05, Working paper, 2017-04)In this paper, we make three substantive contributions: first, we use elicited subjective income expectations to identify the levels of permanent and transitory income shocks in a life-cycle framework; second, we use these ... -
Material ESG and Stock Performance: A Textual Analysis Approach to Investigate the Relationship Between Material ESG Performance and Stock Performance
Uthaug, Martin; Kårstad, Petter (Master thesis, 2022)This thesis investigates the relationship between material environmental, social and governance (ESG) performance and stock performance. We construct a new ESG score based on textual analysis of annual reports of companies ... -
Mind The Gap: Decomposing the Credit Spread Puzzle : An empirical analysis of credit risk pricing in the Norwegian Corporate Bond Market in the period 2014-2023
Wethal, John-Emil; Nagelhus, Iver (Master thesis, 2023)This thesis presents a comprehensive analysis of the credit spread puzzle in the Norwegian corporate bond market, a topic that has been largely unexplored since 2015. Focusing on the period from 2014 to 2023, we aim to ... -
Money and the air : the impact of income, preferences, and regulation on particulate matter pollution
Samdal, Kristoffer; Ringdal, Herman (Master thesis, 2019)In this thesis we investigate the impact of preferences, income and regulation on PM2.5 levels. The thesis uses a combined data set of income, population weighted concentration levels of PM2.5 for 157 countries from 1990 ... -
On the perils of stabilizing prices when agents are learning
Mele, Antonio; Molnar, Krisztina; Santoro, Sergio (DP SAM;22/2018, Working paper, 2018)The main advantage of price level stabilization compared with in ation stabilization rests on the central bank's ability to shape expectations. We show that stabilizing prices is no longer optimal when the central bank ...