Showing 1 - 10 of 60
This paper proposes a consumption-based model that accounts for term premiums of the nominal term structure of interest rates. The driving force behind the model is the looking at the ex ante term premium. Nominal term premiums depend on the volatility processes of real consumption and...
Persistent link: https://www.econbiz.de/10008793973
most of the initial interest came from economists that looked at the stock market only as a measure or an index of the … an emphasis on France and the United States. It links this evolution with contemporary economic theories, index number … theory, financial practices, and the other motivations of their authors. It examines the consequences of the methodological …
Persistent link: https://www.econbiz.de/10010738778
Forecasting in a risky situation is a very important function for managers to assist in decision making. One of the fluctuated markets in stock exchange market is chemical market. In this research the target item for prediction is PET (Poly Ethylene Terephthalate) which is the raw material for...
Persistent link: https://www.econbiz.de/10010899158
Nowadays, forecasting what will happen in economic environments plays a crucial role. We showed that in PET market how a neuro-fuzzy hybrid model can assist the managers in decision-making. In this research, the target is to forecast the same item through another intelligent tool which obeys the...
Persistent link: https://www.econbiz.de/10010692168
Why do investors keep different opinions even though they learn from their own failures and successes? Why do investors keep different opinions even though they observe each other and learn from their relative failures and successes? We analyze beliefs dynamics when beliefs result from a very...
Persistent link: https://www.econbiz.de/10010734229
Why do investors keep different opinions even though they learn from their own failures and successes? Why do investors keep different opinions even though they observe each other and learn from their relative failures and successes? We analyze beliefs dynamics when beliefs result from a very...
Persistent link: https://www.econbiz.de/10010735042
We build a two-country open-economy monetary union DSGE model in order to explain some macroeconomic imbalances in the euro area. We fo cus on the role of cyclic al behaviour of public spending and sovereign risk premium. Pro-cyclical primary public expenditures in one country do not lead to...
Persistent link: https://www.econbiz.de/10010899832
with data from the EMBIG index of seventeen countries, from 1998 to 2008. An analysis in time series has been carried out …
Persistent link: https://www.econbiz.de/10010935037
comparable prospects, i.e. those which exhibit the same canonical expected utility. This leads to a fully choice-based theory of …
Persistent link: https://www.econbiz.de/10011025681
Although it is endowed with many interesting properties, the theory of decision-making under risk by Loomes and Sugden …
Persistent link: https://www.econbiz.de/10011025889