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The yield curve and the prediction on the business cycle: a VAR analysis for the European Union
Cinquegrana, Giuseppe; Sarno, Domenico - Volkswirtschaftliche Fakultät, … - 2010
The literature on the yield curve deals with the capacity to predict the future inflation and the future real growth from the term structure of the interest rates. The aim of the paper is to verify this predictive power of the yield curve for the European Union at 16 countries in the 1995-2008...
Persistent link: https://www.econbiz.de/10008550561
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Introduction to Risk Parity and Budgeting
Roncalli, Thierry - Volkswirtschaftliche Fakultät, … - 2013
Although portfolio management didn’t change much during the 40 years after the seminal works of Markowitz and Sharpe, the development of risk budgeting techniques marked an important milestone in the deepening of the relationship between risk and asset management. Risk parity then became a...
Persistent link: https://www.econbiz.de/10011259736
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The dynamics of the housing market prices and the business cycle: a VAR analysis for the european monetary union.
Cinquegrana, Giuseppe - Volkswirtschaftliche Fakultät, … - 2011
reflect the different information which have been imbedded in the housing market in the long-time. The high volatility of the …
Persistent link: https://www.econbiz.de/10011259684
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Endogenous Growth, Monetary Shocks and Nominal Rigidities
Annicchiarico, Barbara; Pelloni, Alessandra; Lorenza, Rossi - Volkswirtschaftliche Fakultät, … - 2010
: (i) monetary volatility negatively affects long-run growth; (ii)the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …
Persistent link: https://www.econbiz.de/10008685157
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Predictable markets? A news-driven model of the stock market
Gusev, Maxim; Kroujiline, Dimitri; Govorkov, Boris; … - Volkswirtschaftliche Fakultät, … - 2014
We attempt to explain stock market dynamics in terms of the interaction among three variables: market price, investor opinion and information flow. We propose a framework for such interaction and apply it to build a model of stock market dynamics which we study both empirically and...
Persistent link: https://www.econbiz.de/10011108097
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Wealth, incomes and debt: the blocked channels
De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2015
Economic growth data does not show how such growth was achieved. Was it based on income growth and consumption spending levels or was it based on borrowings to extend the income levels? The question is vital for deciding which economic tools work best for correcting imbalances. The main...
Persistent link: https://www.econbiz.de/10011251886
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Economic Factors Influencing Corporate Capital Structure in Three Asian Countries: Evidence from Japan, Malaysia and Pakistan
Mahmud, Muhammad; Herani, Gobind M.; Rajar, A.W.; … - Volkswirtschaftliche Fakultät, … - 2009
This study is an attempt to determine the factors that influence a firm’s choice of capital structure in three Asian countries: Japan, Malaysia and Pakistan. The specific objective is to investigate if country’s economic factors play a significant role in determining capital structure...
Persistent link: https://www.econbiz.de/10004961530
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An attempt to quantify the economic system motion under the investment process incidence
Albu, Lucian-Liviu; Georgescu, George - Volkswirtschaftliche Fakultät, … - 1983
In this paper we proposed a model deriving from physics laws, which are associated to the investments impact upon the economic system potential. Defining several physics fundamental dimensions and starting from a series of assumptions, we tried to find their possible economic meaning and...
Persistent link: https://www.econbiz.de/10005619794
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Effects of Terms of Trade and its Volatility on Economic Growth: A Cross Country Empirical Investigation
Syed tehseen, jawaid; Abdul, waheed - Volkswirtschaftliche Fakultät, … - 2011
This study examines the effects of terms of trade and its volatility on economic growth for a sample of 94 developed … estimation results indicate significant positive effect of terms of trade on economic growth. Furthermore, volatility of terms of … has been performed using different additional variables, sample size and various proxies of volatility variable. The …
Persistent link: https://www.econbiz.de/10009203631
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Does Black’s Hypothesis for Output Variability Hold for Mexico?
Macri, Joseph; Sinha, Dipendra - Volkswirtschaftliche Fakultät, … - 2007
Using two data series, namely GDP and the index of industrial production, we study the relationship between output variability and the growth rate of output. Ng-Perron unit root test shows that the growth rate of GDP is non-stationary but the growth rate of industrial output is stationary. Thus,...
Persistent link: https://www.econbiz.de/10005835862