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"The home equity bias is one of the many puzzles existing in international finance. This puzzle is characterized by the … in a world mutual fund. Based on Admati's (1985) and Gehrig's (1993) noisy rational expectation models, Bravo …-Ortega tries to explain the effect of asymmetric information in the home equity bias puzzle. While asymmetric information helps to …
Persistent link: https://www.econbiz.de/10010522704
the method on the Current Population Survey for the United States, they find that the compliance probability falls …
Persistent link: https://www.econbiz.de/10010522656
"An AIDS epidemic threatens Ethiopia with a long wave of premature adult mortality, and thus with an enduring setback to capital formation and economic growth. The authors develop a two-sector model with three overlapping generations and intersectorally mobile labor, in which young adults...
Persistent link: https://www.econbiz.de/10011394213
"Developing countries face a host of macroeconomic challenges in the design and implementation of development strategies and policies. The importance of the underlying poverty and distributional issues creates a need for relevant and reliable ways of tracking the social impact of shocks and...
Persistent link: https://www.econbiz.de/10010522412
Persistent link: https://www.econbiz.de/10010523459
Persistent link: https://www.econbiz.de/10001792323
emergency response, recovery, and rehabilitation. This report consists of four parts: Introduction (Chapter 1, 2, 3), Simulation … Disaster Management in Japan (Chapter 2), followed by an overview of disaster simulation drills in Japan, particularly focusing … governments (Chapter 3). The following four chapters present examples of simulation drills organized at the national and regional …
Persistent link: https://www.econbiz.de/10012247945
and the maturing of pension schemes. The World Bank's pension reform options simulation toolkit (PROST) models pension …
Persistent link: https://www.econbiz.de/10012556169
currently complicated by carbon registries' usage of different data management systems and taxonomies. Simulation III was the … final testing phase of the Climate Warehouse project. Launched in March 2022, Simulation III tested an operational prototype … the simulation in August 2022. The Simulation III prototype had an updated data model and features that reflected the …
Persistent link: https://www.econbiz.de/10013545078
"It is so widely recognized that innovation is a key driver of economic growth that it is cliche to say so. This article studies product innovation by firms with data from 68 countries, covering more than 25,000 firms in eight manufacturing sectors. The author assesses the predictions of...
Persistent link: https://www.econbiz.de/10011394134