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Is the Short Rate Drift Actually Nonlinear?

Chapman, David A.; Pearson, Neil D. - EconWPA - 1998

Virtually all existing continuous-time, single-factor term structure models are based on a short rate process that has a linear drift function. However, there is no strong a priori argument in favor of linearity, and Stanton (1997) and Ait-Sahalia (1996) employ nonparametric estimation...

Persistent link: https://www.econbiz.de/10005561764

Fast drift approximated pricing in the BGM model

Pietersz, Raoul; Pelsser, Antoon; Regenmortel, Marcel van - EconWPA - 2005

This paper shows that the forward rates process discretized by a single time step together with a separability assumption on the volatility function allows for representation by a low-dimensional Markov process. This in turn leads to e±cient pricing by for example finite differences. We then...

Persistent link: https://www.econbiz.de/10005413044

Health Economics : some stylized facts

ULMANN, Philippe - EconWPA - 2003

The study of the stylized facts of economic growth has allowed an advance of this field of economic analysis in its empirical and theorical works. Today, Health Economics is faced with new requirements of society, i.e. better care at a sustainable cost. Furthermore, since the problems linked...

Persistent link: https://www.econbiz.de/10005076927

Does Globalization Affect Growth?

Dreher, Axel - EconWPA - 2002

The paper presents an index of globalization covering its three main dimensions: economic integration, social … globalization as well as sub-indexes constructed to measure the single dimensions on economic growth are analyzed empirically. The … results show that globalization promotes growth - but not to an extent necessary to reduce poverty on a large scale. The …

Persistent link: https://www.econbiz.de/10005556005

Tectonic shifts in the structures of international inequality?

TAUSCH, Arno - EconWPA - 2005

, globalization; general welfare, social security and public pensions, macroeconomics – Asia including Middle East; macroeconomic …

Persistent link: https://www.econbiz.de/10005556011

Politico-Economic Determinants of American Trade Policy Attitudes

Hoffman, Michael E. S. - EconWPA - 2005

the public perception of globalization, and the political response to those perceptions. Using detailed response and … demographic data from the Program on International Policy Attitudes survey â€œAmericans on Globalization, Trade, and Farm …

Persistent link: https://www.econbiz.de/10005556433

Skriptum: Europäisches und internationales Sozialrecht. Europäische und internationale Sozialpoltik

TAUSCH, Arno - EconWPA - 2005

LISTE EINIGER WICHTIGER ABKÜRZUNGEN 4 ZUM GELEIT 6 EINFÜHRUNG UND PROBLEMAUFRISS - INTERNATIONALE SOZIALPOLITIK BEDEUTET FÖRDERUNG DER KONVERGENZ DER LEBENSBEDINGUNGEN 7 TEIL A: SOZIALRECHT UND SOZIALPOLITIK DER EU 14 1) ENTWICKLUNGSLINIEN UND GRUNDPRINZIPIEN DER EUROPÄISCHEN SOZIALPOLITIK...

Persistent link: https://www.econbiz.de/10005556821

Rethinking Taxation:The Automated Payment Transaction (APT)Tax

Feige, Edgar L. - EconWPA - 2001

This paper examines the desirability and feasibility of replacing the present system of personal and corporate income, sales, excise, capital gains, import and export duties, gift and estate taxes with a single comprehensive revenue neutral Automated Payment Transaction (APT) tax. In its...

Persistent link: https://www.econbiz.de/10005556920

Global Idea Sourcing - An empirical investigation into the mechanisms behind the usage of foreign business sources for innovation

Sofka, Wolfgang - EconWPA - 2005

Globalization has set new paradigms, especially in the business world. Breakthroughs in technology (telecommunications …

Persistent link: https://www.econbiz.de/10005561402

CAN WE DISCERN THE EFFECT OF GLOBALIZATION ON INCOME DISTRIBUTION? EVIDENCE FROM HOUSEHOLD SURVEYS

Milanovic, Branko - EconWPA - 2003

The effects of globalization on income distribution within rich and poor countries are a matter of controversy. While … presents another attempt to discern the effects of globalization by using the new data derived directly from household surveys …

Persistent link: https://www.econbiz.de/10005561550