Showing 1 - 10 of 132
Persistent link: https://www.econbiz.de/10012796871
Persistent link: https://www.econbiz.de/10014248768
Persistent link: https://www.econbiz.de/10014305134
The excess procyclicality of fiscal policy is commonly viewed as a central malaise in emerging economies. We document that procyclicality is more pervasive in countries with higher sovereign risk and provide a model of optimal fiscal policy with nominal rigidities and endogenous sovereign...
Persistent link: https://www.econbiz.de/10012126086
In this paper, I study risk-neutral probability densities regarding future Libor rates denominated in British pounds, euros, and US dollars as implied by option prices. I apply Breeden and Litzenberger's (1978) result regarding the relationship between option prices and implied probabilities for...
Persistent link: https://www.econbiz.de/10011563200
Persistent link: https://www.econbiz.de/10010240005
Persistent link: https://www.econbiz.de/10001141847
Persistent link: https://www.econbiz.de/10013206823
Persistent link: https://www.econbiz.de/10009550951
Persistent link: https://www.econbiz.de/10011475255