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Employment Effects of Minimum Wages in Inflexible Labor Markets
Ozturk, Orgul - Volkswirtschaftliche Fakultät, … - 2006
This paper structurally models and estimates the employment effects of minimum wages in inflexible labor markets with fixed employment costs. When there are fixed costs associated with employment, minimum wage regulation not only results in a reduction in employment among low productivity...
Persistent link: https://www.econbiz.de/10005079318
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Global imbalances, under-consumption and overborrowing: the state of the world economy & future policies
Cripps, Francis; Izurieta, Alex; Singh, Ajit - Volkswirtschaftliche Fakultät, … - 2011
shift towards internal income redistribution and domestic demand orientated policies and suggests that this will not be … governments in the management of demand, income distribution and environmental sustainability, as well as measures to reduce …
Persistent link: https://www.econbiz.de/10011261155
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ISSUING POLICIES IN CURRENCIES DENOMINATED IN EUROS AND EUROCENTS
Novak, Branko; Matić, Branko; Stjepanović, Slobodanka - Volkswirtschaftliche Fakultät, … - 2003
Globalization and strengthening of integration processes have, among other things, also influenced some solutions relating to monetary sovereignty of particular countries. A great number of transition countries as well as some other underdeveloped countries are facing both inefficiency in their...
Persistent link: https://www.econbiz.de/10005620044
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Pension reform, the stock market, capital formation and economic growth: a critical commentary on the World Bank's proposals
Singh, Ajit - Volkswirtschaftliche Fakultät, … - 1996
Abstract Proposing far-reaching reforms to the pension systems, the World Bank has recently suggested that the existing pay-as-you-go pension systems in many rich as well as poor countries, should be replaced by fully funded, mandatory, preferably private pensions, as the main pillars of the new...
Persistent link: https://www.econbiz.de/10011113262
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Criticism of the Black-Scholes Model: But Why Is It Still Used? (The Answer Is Simpler than the Formula).
Yalincak, Orhun Hakan - Volkswirtschaftliche Fakultät, … - 2005
The Black Scholes Model (BSM) is one of the most important concepts in modern financial theory both in terms of approach and applicability. The BSM is considered the standard model for valuing options; a model of price variation over time of financial instruments such as stocks that can, among...
Persistent link: https://www.econbiz.de/10011211858
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Modelling Time Series Count Data: An Autoregressive Conditional Poisson Model
Heinen, Andreas - Volkswirtschaftliche Fakultät, … - 2003
$. The variable of interest is the daily number of such durations, which is a measure of intradaily volatility, since the … of this measure of volatility. …
Persistent link: https://www.econbiz.de/10005260271
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A binomial tree to price European options
Brogi, Athos - Volkswirtschaftliche Fakultät, … - 2010
A time-changing volatility binomial tree to price European options is presented followed by an algorithm explaining how …
Persistent link: https://www.econbiz.de/10009323641
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MODELLING THE WORLD EXCHANGE RATES:DYNAMICS, VOLATILITY AND FORECASTING
Nwaobi, Godwin - Volkswirtschaftliche Fakultät, … - 2008
, many types of instruments can be used:futures market,spot market, and forward market.However, the degree of volatility …
Persistent link: https://www.econbiz.de/10005619306
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Volatility Transmission of Overnight Rate along the Yield Curve in Pakistan
Mahmood, Asif - Volkswirtschaftliche Fakultät, … - 2014
This paper presented the empirical results of the volatility transmission of overnight rate along the yield curve in … case of Pakistan. The results indicate that the volatility transmission of overnight repo rate is higher at the shorter end … underpinning of the interest rates volatility transmission process found in other countries. Moreover, the results also suggest …
Persistent link: https://www.econbiz.de/10011107405
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Predictable markets? A news-driven model of the stock market
Gusev, Maxim; Kroujiline, Dimitri; Govorkov, Boris; … - Volkswirtschaftliche Fakultät, … - 2014
We attempt to explain stock market dynamics in terms of the interaction among three variables: market price, investor opinion and information flow. We propose a framework for such interaction and apply it to build a model of stock market dynamics which we study both empirically and...
Persistent link: https://www.econbiz.de/10011108097