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Beta dispersion and market timing
Kuntz, Laura-Chloé - 2020
The beta dispersion, which is the spread of betas on a stock market, can be interpreted as a measure of market vulnerability. This study examines the economic idea of the beta dispersion and its application as a market return predictor. Based on the empirical beta dispersion observed in the US...
Persistent link: https://www.econbiz.de/10012264452
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Learning through period and physical time
Backhaus, Teresa; Huck, Steffen; Leutgeb, Johannes Josef; … - 2022
periods of varying length that full accounts of subjects' learning requires the consideration of, both, 'period time' and … 'physical time.' …
Persistent link: https://www.econbiz.de/10013326949
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Non-additivity of subjective expectations over different time intervals
Haan, Peter; Sun, Chen; Sunde, Uwe; Weizsäcker, Georg - 2022
We examine the additivity of stock-market expectations over different time intervals. When asked about a ten … expectations over two shorter time intervals that cover the same ten years. Such sub-additivity is irrational in that it cannot … stem from aggregating short-term expectations. Model estimates show that the pattern is consistent with a time perception …
Persistent link: https://www.econbiz.de/10014088354
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Maturity shortening and market failure
Thierfelder, Felix - 2012
Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not uniform across maturities. As funding pressures were...
Persistent link: https://www.econbiz.de/10009509089
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Specifying seignorage for time consistency
Remolona, Eli M. - 1983
Persistent link: https://www.econbiz.de/10003529023
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On the time consistency of optimal plants
Encarnación, José - 1985
Persistent link: https://www.econbiz.de/10003529781
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Wage setting patterns and monetary policy : international evidence
Olivei, Giovanni P. (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003731035
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The timing of monetary policy shocks
Olivei, Giovanni P. (contributor);  … - 2006
Persistent link: https://www.econbiz.de/10003335381
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Compiling a harmonized database from Germany's 1978 to 2003 sample surveys of income and expenditure
Bönke, Timm; Schröder, Carsten; Werdt, Clive - 2010
We outline a procedure for combining six cross-sections of the German Sample Survey of Income and Expenditure, and discuss potential pitfalls of such a venture. Particularly, we investigate the consequences of a major break in the survey design for inter-temporal comparisons of expenditure...
Persistent link: https://www.econbiz.de/10003952561
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The lag from monetary policy actions to inflation : Friedman revisited
Batini, Nicoletta; Nelson, Edward - 2002
This paper updates and extends Friedman's (1972) evidence on the lag between monetary policy actions and the response of inflation. Our evidence is based on UK and US data for the period 1953 2001 on money growth rates, inflation, and interest rates, as well as annual data on money growth and...
Persistent link: https://www.econbiz.de/10011518018