Similar Search Results

Cipriani, Marco - 2008

, one in which the price adjusts to the order flow so that herding should never occur, and one in which event uncertainty … makes herding possible. In the first treatment, subjects herd seldom, in accordance with both the theory and previous … by the theory. In the second treatment, the proportion of herding decisions increases, but not as much as theor …

Persistent link: https://www.econbiz.de/10012677606

Donor Herding and Domestic Debt Crisis.

Chirwa, Ephraim W - 2006

Persistent link: https://www.econbiz.de/10012691195

Herd Behavior in Financial Markets : An Experiment with Financial Market Professionals

Cipriani, Marco - 2008

Persistent link: https://www.econbiz.de/10014409034

Is Systematic Default Risk Priced in Equity Returns? A Cross-Sectional Analysis Using Credit Derivatives Prices.

Chan-Lau, Jorge A - 2006

Intro -- Contents -- I. INTRODUCTION -- II. EQUITY RETURNS AND SYSTEMATIC DEFAULT RISK -- III. EXTRACTING SYSTEMATIC DEFAULT RISK MEASURES FROM CREDIT DERIVATIVES PRICES -- IV. IS SYSTEMATIC DEFAULT RISK PRICED IN EQUITY RETURNS? -- V. CONCLUSIONS -- REFERENCES.

Persistent link: https://www.econbiz.de/10012691070

Government bonds and their investors : what are the facts and do they matter?

Andritzky, Jochen R. - 2012

This paper introduces a new dataset on the composition of the investor base for government securities in the G20 advanced economies and the euro area. During the last decades, investors from abroad have increased their presence in government bond markets. The financial crisis broke this trend....

Persistent link: https://www.econbiz.de/10009618531

AI and Macroeconomic Modeling: Deep Reinforcement Learning in an RBC model

Atashbar, Tohid - 2023

This study seeks to construct a basic reinforcement learning-based AI-macroeconomic simulator. We use a deep RL (DRL) approach (DDPG) in an RBC macroeconomic model. We set up two learning scenarios, one of which is deterministic without the technological shock and the other is stochastic. The...

Persistent link: https://www.econbiz.de/10015059665

How Do Adaptive Learning Expectations Rationalize Stronger Monetary Policy Response in Brazil?

Dizioli, Allan - 2023

This paper estimates a standard Dynamic Stochastic General Equilibrium (DSGE) model that includes a wage and price Phillip's curves with different expectation formation processes for Brazil and the USA. Other than the standard rational expectation process, we also use a limited rationality...

Persistent link: https://www.econbiz.de/10015059818

Global and regional spillovers to Pacific Island countries

Sheridan, Niamh; Tumbarello, Patrizia; Wu, Yiqun - 2012

Regional integration of Pacific Island countries (PICs) with Australia, New Zealand, and emerging Asia has increased over the last two decades. PICs have become more exposed to the region's business cycles, and spillovers from regional economies are more important for PICs than from advanced...

Persistent link: https://www.econbiz.de/10009618544

Policy analysis and forecasting in the world economy : a panel unobserved components approach

Vitek, Francis - 2012

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national economies. This panel unobserved components model features a monetary transmission mechanism, a fiscal transmission mechanism, and extensive macrofinancial linkages, both within...

Persistent link: https://www.econbiz.de/10009618572

Intra-regional spillovers in South America : is Brazil systemic after all?

Adler, Gustavo; Sosa, Sebastián - 2012

Shocks stemming from Brazil - the large neighbor in South America - have historically been a source of concern for policy-makers in other countries of the region. This paper studies the importance of Brazil's influence on its neighboring economies, documenting trade linkages over the last two...

Persistent link: https://www.econbiz.de/10009618584

1
2
3
4
5
6
7
8
9
10
Next
Last