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Monetary information arrivals and intraday exchange rate volatility : a comparison of the GARCH and the EGARCH models

Mokhtar, Darmoul; Harrathi, Nizar - HAL - 2007

In this article, we examine the intradaily Euro-dollar exchange rate volatility persistence result from the dissymmetric impact of monetary policy signals stemming from the ECB Council and the FOMC. A model is constructed by extending the AR(1)-GARCH (1,1) to an exponential process EGARCH (1,1),...

Persistent link: https://www.econbiz.de/10010750845

External imbalances and collateral constraints in a two-country world

Iliopulos, Eleni - HAL - 2009

In this article, we focus on current account dynamics in large open economies characterized by debt-constrained heterogeneous agents and endogenous monetary policies. We incorporate three key features that have bulked large in the New Open Macroeconomics literature : i) home bias in trade, ii)...

Persistent link: https://www.econbiz.de/10010738501

Are the antiglobalists right? Gains-from-trade without a walrasian auctioneer

Pardo, Hector Calvo - HAL - 2005

We examine whether the "fear" of globalisation can be rationalised by economic theory. To do so, we depart from the …

Persistent link: https://www.econbiz.de/10010739089

Optimal Growth under Flow-Based Collaterals

Onori, Daria - HAL - 2013

Some recent evidence on government finance statistics of European countries suggests that countries with public debt issues also show a low tax revenue-GDP ratio. In this paper we develop a small open economy model of endogenous growth in which the engine of growth is public spending. We assume...

Persistent link: https://www.econbiz.de/10010933922

Pleasure and belief in Hume's decision process

Diaye, Marc-Arthur; Lapidus, André - HAL - 2009

The purpose of this paper is to introduce explicitly pleasure and belief in what aims at being a Humean theory of …

Persistent link: https://www.econbiz.de/10008793170

Freedom and Rationality

Salvat, Christophe - HAL - 2008

This paper deals with Rousseau's idea of freedom in terms of rationality and deliberation. It gives support to Berlin …'s interpretation of the general will as a rational and objective will but dismisses the idea that Rousseau's theory necessarily leads …

Persistent link: https://www.econbiz.de/10008793599

Financing early-stage ventures: the role of uncertainty and financial markets in the investment choices of venture capitalists

Nasica, Eric; Dufour, Dominique - HAL - 2009

Our paper sheds light on the reasons for which a rational venture capitalist decides to reallocate his or her portfolio from later to early-stage investment. We explain why, during certain periods, there is a strong correlation between the performance of financial markets and the funds invested...

Persistent link: https://www.econbiz.de/10008794401

Why Rationality May Be a Consequence of Hume's Theory of Choice

Diaye, Marc-Arthur; Lapidus, André - HAL - 2005

rationality through which Hume's theory is apprehended, is highly disputable, from the point of view of both standard choice … theory and Hume's theory of passions. Nonetheless, Sugden's criterion of rationality might be restated in Humean terms as a …Facing R. Sugden's criticism of our interpretation, it is shown in this paper that rationality appears as a possible …

Persistent link: https://www.econbiz.de/10008789356

Creative rationality and design education: Towards a pedagogy of adventure

Forest, Joelle; Faucheux, Michel - HAL - 2009

science and, thus, has neglected a specific kind of rationality (the “creative rationality”). Integrating this kind of … rationality in the design education drives us to invent“pedagogy of the adventure”. …

Persistent link: https://www.econbiz.de/10008789399

Pleasure and belief in Hume's decision process

Diaye, Marc-Arthur; Lapidus, André - HAL - 2012

The purpose of this paper is to introduce explicitly pleasure and belief in what aims at being a Humean theory of …

Persistent link: https://www.econbiz.de/10008790780