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Using sentiment to predict GDP growth and stock returns
Guzman, Giselle C. - Volkswirtschaftliche Fakultät, … - 2008
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them …
Persistent link: https://www.econbiz.de/10009647230
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Government Expenditure and Household Consumption in Bangladesh through the Lens of Economic Theories: An Empirical Assessment
Mahmud, Mir Nahid; Ahmed, Mansur - Volkswirtschaftliche Fakultät, … - 2012
The relationship between government and household consumption remains to be one of the contentious issues in both theories and empirics, though its’ immense importance in fiscal policy formulation. Like theories, the empirical studies regarding the relationship between government and household...
Persistent link: https://www.econbiz.de/10009418494
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Economisirea în România – evoluţii şi factori determinanţi
Dumitru, Ionut; Mircea, Romulus; Jianu (Dumitru), Ionela - Volkswirtschaftliche Fakultät, … - 2011
The paper analyses the savings developments in Romania during transition in comparison with the other CEE countries, starting from the definition of savings from the national accounts. Moreover, saving analysis is performed by institutional sectors, especially for population and nonfinancial...
Persistent link: https://www.econbiz.de/10008854406
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Will the Consumption Externalities' Effects in the Ramsey Model Please Stand Up?
Wendner, Ronald - Volkswirtschaftliche Fakultät, … - 2010
This paper investigates household decisions when individual utility depends on a consumption reference level. The desire to ``keep up with the Joneses'' represents one such example. The prior literature shows that, in a Ramsey model, consumption externalities have no impact on steady state...
Persistent link: https://www.econbiz.de/10008595614
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On the stability of the Ramsey accumulation path
Bellino, Enrico - Volkswirtschaftliche Fakultät, … - 2013
The Ramsey (1928) accumulation path is characterized as a saddle-path in the standard presentations of the model based on the works of Cass (1965) and Koopmans (1965). From a mathematical stance a saddle-path is unstable: if the system is exactly on that path, it converges to the steady state of...
Persistent link: https://www.econbiz.de/10011108209
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Are Pakistani Consumers Ricardian?
Waqas, Muhammad; Awan, Masood Sarwar - Volkswirtschaftliche Fakultät, … - 2011
The purpose of this study is to check the Ricardian Equivalence Hypothesis in case of Pakistan by using annual data for the period of 1973-2009. Government expenditure, private consumption expenditure, tax revenue, government debt, disposable income, government budget deficit and wealth are the...
Persistent link: https://www.econbiz.de/10009647208
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We are living on the cost of our children
Waqas, Muhamad; Awan, Masood Sarwar; Aslam, Muhammad Amir - Volkswirtschaftliche Fakultät, … - 2011
The strict assumptions of Ricardian Equivalence Hypothesis hoist the debates on this issue among different school of thoughts. Its validity entails certain assumptions which raise the doubts on its validity especially in the context of developing countries like Pakistan. The aim of this study is...
Persistent link: https://www.econbiz.de/10009151612
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Learning, Expectations, and Endogenous Business Cycles
Doshchyn, Artur; Giommetti, Nicola - Volkswirtschaftliche Fakultät, … - 2013
learn, form their expectations, and make decisions regarding savings and production for future periods. There are no … are unexpected by agents, or if future price expectations are not adjusted exactly proportionally to the announced …, as that would require it knowing precisely the actual law of motion of the economy, current market’s expectations, and …
Persistent link: https://www.econbiz.de/10011259238
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Adaptive Interactive Profit Expectations and Small World Networks
Bell, William Paul - Volkswirtschaftliche Fakultät, … - 2008
The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive … interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network …
Persistent link: https://www.econbiz.de/10011259382
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Adaptive interactive profit expectations using small world networks and runtime weighted model averaging
Bell, William Paul - Volkswirtschaftliche Fakultät, … - 2008
The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … builds upon adaptive expectations, interactive expectations and small world networks, combining them into a single adaptive … interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network …
Persistent link: https://www.econbiz.de/10011260058