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This paper examines the profit testing of life insurance companies that issue participating policies, type B and type A … stochastic and modeled by normal or variance gamma distributions. We rely on the stochastic profit testing techniques introduced … the profit testing indicators. We show that the variance gamma model results in more conservative predictions - in a …
Persistent link: https://www.econbiz.de/10014356168
This paper presents a conceptual framework for explaining credit union (CU) loan delinquency and profitability in …
Persistent link: https://www.econbiz.de/10010327024
study reveals that the bank-specific factors are the most influential on banks’ profitability, and to a lesser extent the …
Persistent link: https://www.econbiz.de/10014236022
A number of Marxist scholars have tied aspects of Marx's thought to certain Aristotelian categories, yet remarkably little is said of Marx's dialectical materialism in this literature. Here we attempt to lay a foundation for such an effort, paying particular attention to the way in which...
Persistent link: https://www.econbiz.de/10010288085
This paper critically assesses the rise of central bank independence (CBI) as an apparent success story in modern monetary economics. As to the observed rise in CBI since the late 1980s, we single out the role of peculiar German traditions in spreading CBI across continental Europe, while its...
Persistent link: https://www.econbiz.de/10010286503
This paper suggests that heterodox economists should not think of themselves as economists first, and only secondarily as heterodox, and must emphasize methodological issues, in particular the different assumptions (or axioms) implicit in their theories vis-àvis the mainstream. The paper argues...
Persistent link: https://www.econbiz.de/10010288055
This paper provides a rejoinder to Colander, Holt and Rosser (2010) strategy to win friends and influence mainstream economics. It is suggested that their strategy is counter-productive, and while it might gain them friends, it will not lead to increased influence of heterodox ideas within what...
Persistent link: https://www.econbiz.de/10010288076
, between profit and inter-est rate as well as between industrial and fictitious capital, which represent contradictory …
Persistent link: https://www.econbiz.de/10012099421
The aim of the paper is to provide an overview of the current stock-flow consistent (SFC) literature. Indeed, we feel the SFC approach has recently led to a blossoming literature, requiring a new summary after the work of Dos Santos (2006) and, above all, after the publication of the main...
Persistent link: https://www.econbiz.de/10010318644
Cognitive dissonance theory predicts that the act of voting makes people more positive toward the party or candidate they have voted for. Following Mullainathan and Washington (2009), I test this prediction by using exogenous variation in turnout provided by the voting age restriction. I improve...
Persistent link: https://www.econbiz.de/10010321449