Narrow search
Showing 1 - 10 of 205
Cover Image
Is monetary financing inflationary? A case study of the Canadian economy, 1935 - 75
Ryan-Collins, Josh - 2015
Historically high levels of private and public debt coupled with already very low short-term interest rates appear to … considered is monetary financing by central banks to boost demand and/or relieve debt burdens. We find little empirical evidence … to support the standard objection to such policies: that they will lead to uncontrollable inflation. Theoretical models …
Persistent link: https://www.econbiz.de/10011545308
Cover Image
Nash's bargaining formula revisited: A note on self-referential logic
Gander, James P. - 2008
The note focuses on the marginal rates of substitution (MRS) in Nash's product formula solution to bargaining and why the formula works. Two simple examples from duopoly and bilateral monopoly are used to demonstrate that the MRS's for both players are implicitly in the contract curve and the...
Persistent link: https://www.econbiz.de/10010288054
Cover Image
Pricing of Corporate and Portfolio Securities in Buyer-Supplier Networks
Brumen, Gorazd; Vanini, Paolo - Institut für Schweizerisches Bankwesen <Zürich> - 2006
for corporate debt, credit default swaps and collateralized debt obligations by decomposing the risk structure arisingfrom …
Persistent link: https://www.econbiz.de/10005858385
Cover Image
American Parisian Options
Chesney, Marc; Gauthier, Laurent - Institut für Schweizerisches Bankwesen <Zürich> - 2006
In this article, we describe the various sorts of American Parisian options and propose valuation formulae. Although there is no closed-form valuation for these products in the non perpetual case, we have been able to reformulate their price as a function of the exercise frontier. In the...
Persistent link: https://www.econbiz.de/10005858581
Cover Image
Technical Analysis Compared to Mathematical Models Based Methods Under Misspecification
Blanchet-Scaillet, Christophe; Diop, Awa; Gibson, Rajna; … - Institut für Schweizerisches Bankwesen <Zürich> - 2005
We aim to compare financial technical analysis techniques to strategies which depend on a mathematical model. In this paper, we consider the moving average indicator and an investor using a risky asset whose instantaneous rate of return changes at an unknown random time. We construct...
Persistent link: https://www.econbiz.de/10005858764
Cover Image
Social influence and the Matthew mechanism: The case of an artificial cultural market
Bask, Miia; Bask, Mikael - 2013
We show that the Matthew effect, or Matthew mechanism, was present in the artificial cultural market Music Lab when social influence between individuals was allowed, whereas this was not the case when social influence was not allowed. We also sketch on a class of social network models, derived...
Persistent link: https://www.econbiz.de/10010321397
Cover Image
Distributional comparative statics with heterogeneous agents
Hefti, Andreas - 2016
We propose a formal way to systematically study the differential effects of exogenous shocks in economic models with heterogeneous agents. Our setting applies to models that can be rephrased as "competition for market shares" in a broad sense. We show that even in presence of any number of...
Persistent link: https://www.econbiz.de/10011663196
Cover Image
Inequality in models with a competition for market shares
Hefti, Andreas; Teichgräber, Julian - 2021
This paper develops a framework to systematically study how changes in market conditions affect the equilibrium inequality between heterogeneous agents. By stating our setting as a "competition for market shares", we can derive inequality predictions for vastly different competition models. This...
Persistent link: https://www.econbiz.de/10012420689
Cover Image
A Fixed Point Theorem for Monotone Functions equivalent to Browers theorem
Persson, Håkan - 2005
A Fixed Point Theorem for Monotone Functions equivalent to Browers theorem
Persistent link: https://www.econbiz.de/10012654309
Cover Image
Detecting Informed Trading Activities in the OptionsMarkets
Chesney, Marc; Crameri, Remo; Mancini, Loriano - Institut für Schweizerisches Bankwesen <Zürich> - 2009
This paper presents a new method to detect informed trading activities in the options markets.An option trade is identified as informed when it is characterized by an unusual largeincrement in open interest and volume, induces large gains, and is not hedged in the stock market.For the period...
Persistent link: https://www.econbiz.de/10005868704