This paper studies the impact of product and labor market reforms when the economy faces major slack and a binding constraint on monetary policy easing. such as the zero lower bound. To this end, we ...

Ethereum (CRYPTO: ETH) activated its long-anticipated Pectra upgrade on May 7, marking a pivotal step in the network’s evolution since the Dencun fork last year.

The occasionally-binding constraint reconciles the `traditional' and `new' views of dividend taxation, and highlights the importance of measuring the firm's initial borrowing position before enacting ...

Big banks have long complained that the leverage ratio is supposed to be a backstop, but too often requires more equity capital than the risk-based rules, thus becoming a binding constraint.

Merton, Robert C. "Optimal Portfolio Rules in Continuous Time When the Nonnegativity Constraint on Consumption is Binding." December 1989. (In Chapter 6 of Continuous-Time Finance.) ...