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Gambling for dollars: Strategic hedge fund manager investment

Bernhardt, Dan; Nosal, Ed - 2013

Hedge fund managers differ in ability and investors want to distinguish good ones from bad. Via the design of their investment strategies, better fund managers want to ease this inference problem while worse fund managers want to complicate it. We impose only the minimal restrictions on the...

Persistent link: https://www.econbiz.de/10010352178

A simultaneous equations analysis of analysts’ forecast bias and institutional ownership

Ackert, Lucy F.; Athanassakos, George - 2000

In this paper we use a simultaneous equations model to examine the relationship between analysts' forecasting decisions and institutions' investment decisions. Neglecting their interaction results in model misspecification. We find that analysts' optimism concerning a firm's earnings responds...

Persistent link: https://www.econbiz.de/10010397439

Financial development and TFP growth: Cross-country and industry-level evidence

Arizala, Francisco; Cavallo, Eduardo; Galindo, Arturo - 2009

This paper estimates the impact of financial development on industry-level total factor productivity (TFP) growth using a largely unexploited panel of 77 countries with data for 26 manufacturing industries for the years 1963 to 2003. A significant relationship is found between financial...

Persistent link: https://www.econbiz.de/10010278217

Commodity prices: Structural factors, financial markets and non-linear dynamics

Bastourre, Diego; Carrera, Jorge; Ibarlucia, Javier - 2010

Up to the financial slump of the second quarter of 2008 commodity prices grew fast for several consecutive years in a highly volatile context. Recent commodity fluctuations have raised both policy concerns and a prolific academic debate. This paper offers a coherent theoretical and empirical...

Persistent link: https://www.econbiz.de/10010325086

Financial markets

Bibow, Jörg - 2011

This paper provides a brief exposition of financial markets in Post Keynesian economics. Inspired by John Maynard Keynes's path-breaking insights into the role of liquidity and finance in monetary production economies Post Keynesian economics offers a refreshing alternative to mainstream...

Persistent link: https://www.econbiz.de/10010286553

Wholesale payments systems and financial discipline, efficiency, and liquidity

Folkerts-Landau, David - 1998

Persistent link: https://www.econbiz.de/10010326999

Financialization: what it is and why it matters

Palley, Thomas I. - 2007

Financialization is a process whereby financial markets, financial institutions, and financial elites gain greater influence over economic policy and economic outcomes. Financialization transforms the functioning of economic systems at both the macro and micro levels. Its principal impacts are...

Persistent link: https://www.econbiz.de/10010266625

Macroeconomic implications of financialization

Skott, Peter; Ryoo, Soon - 2007

A growing literature suggests that 'financialization' may weaken the performance of non-financial corporations and constrain the growth of aggregate demand. This paper evaluates (some of) the claims that have been made using two alternative approaches (one derived from Skott (1981, 1988, 1989)...

Persistent link: https://www.econbiz.de/10010287829

Central bank independence: The case of the National Bank of Republic of Macedonia

Angelovska-Bezhoska, Anita - 2018

independence of the NBRM is based on the index of Cukierman, Webb, and Neyapti (1992), as one of the most commonly used indices …. Both indices indicate that throughout the years the legal independence of the NBRM has increased and that the current legal … NBRM. As the indices are based on the legal provisions, they can serve only as an indication of the actual independence of …

Persistent link: https://www.econbiz.de/10012109769

E pluribus, quaedam. Gross domestic product out of a dashboard of indicators

Guerini, Mattia; Vanni, Fabio; Napoletano, Mauro - 2022

Is aggregate income enough to summarize the well-being of a society? We address this longstanding question by exploiting a novel approach to study the relationship between gross domestic product (GDP) and a set of economic, social and environmental indicators for nine developed economies. By...

Persistent link: https://www.econbiz.de/10013353585

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