Sleep has been shown to affect economic outcomes, including wages. The mechanisms by which sleep affect wages remain unclear. We examine the relationship between chronotype – morning larks, evening owls – and wages at mid-age. We propose a novel model relating chronotype to wages in...

In this paper we propose to augment the traditional relationship between real exchange rates and real interest rates (RERI) by adding the stock market equilibrium condition to it. We introduce the relative dividend yield as the new information variable. In the empirical analysis we use recent...

Based on an extension of the Gordon (1962) growth model we propose a simple approach to forecasting real growth, inflation and real exchange rate. The extension is rooted in introducing the Fisher (1930) and Euler equations, and in the open economy context, also the purchasing power parity (PPP)...

We present a pricing-to-market model, in which the average mark-up depends on the foreign competition. We propose that the exchange rate changes affect the degree of competition and this effect increases exchange rate pass-through to the import prices. We test the implications of our model on 10...

Price of a dwelling consists of the physical structure together with the value of land upon which the house is build. Similarly, the growth rate of the price of a house is the weighted average of increase in the value of the structure and appreciation of land. The price of the structure is...

This study explores age- and gender-specific suicide mortality due to unemployment and economic crises, for 21 OECD countries over the period 1960 to 2011. The findings indicate that a higher unemployment rate leads to an increase in suicides in almost all age groups. Further, using dataset on...

There is twofold contribution in this paper. First, by using monthly data for 8 industrialized countries for the period 1973-2011 we find evidence of time-varying cointegration relationship between effective exchange rates and national stock market indices. Second, we show that stock markets...