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Limit pricing and entry under incomplete information : an equilibrium analysis

Milgrom, Paul; Roberts, John - In: Econometrica : journal of the Econometric Society, an … 50 (1982) 2, pp. 443-459

Persistent link: https://www.econbiz.de/10002493304

Equity, Efficiency, and the U.S. Corporation Income Tax

Ballentine, J. Gregory - American Enterprise Institute

This book examines the little-understood effects of the corporation income tax, a mainstay of the U.S. federal revenue system.

Persistent link: https://www.econbiz.de/10010949309

Turkey: Selected Issues Paper

International Monetary Fund (IMF); International … - 2014

policies that directly increase private or public savings can reduce the external imbalance without reducing private investment …

Persistent link: https://www.econbiz.de/10011245047

Monetary Transmission of Global Imbalances in Asian Countries

Lee, Il Houng; Choi, Woon Gyu - International Monetary Fund (IMF) - 2010

The paper explores the linkages between the global and domestic monetary gaps, and estimates the effects of monetary gaps on output growth, inflation, and net saving rates using panel data for 20 Asian countries for 1980-2008. We find a significant pass-through of the global monetary gap to...

Persistent link: https://www.econbiz.de/10008671301

New Zealand; 2013 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

New Zealandâ€™s economy continued to grow at a moderate rate, in part reflecting the effects of the recent drought and inflation. The macroeconomic policy has been framed to absorb adverse shocks with flexible exchange rates to serve as buffer. The planned pace of deficit reduction is...

Persistent link: https://www.econbiz.de/10011242832

Indiaâ€™s Recent Macroeconomic Performance: An Assessment and Way Forward

Kapur, Muneesh; Mohan, Rakesh - International Monetary Fund (IMF) - 2014

The macroeconomic policy response in India after the North Atlantic financial crisis (NAFC) was rapid. The overshooting of the stimulus and its gradual withdrawal sowed seeds for inflationary and BoP pressures and growth slowdown, then exacerbated by domestic policy bottlenecks and volatility in...

Persistent link: https://www.econbiz.de/10011142116

Parameter estimation error: a cautionary tale in computational finance

Popovic, Ray - 2010

motion (GBM) process. That is, we show what difficulties can arise when failing to account for estimation risk. Our working … the underlying risk-neutral process. Next we extend our work to the contingent claim sensitivities associated with an … difficulties that can ensue when failing to account for estimation risk in valuation and hedging formulae. …

Persistent link: https://www.econbiz.de/10009476145

Volatility estimators and the inverse range process in a random volatility random walk and Wiener processes

Vallois, Pierre; Tapiero, Charles S. - In: Physica A: Statistical Mechanics and its Applications 387 (2008) 11, pp. 2565-2574

The purpose of this paper is to study the mean, the variance, the probability distribution and the hazard rate of the inverse range process of an a-priori unknown volatility random walk. Motivation for this process arises when it is necessary to obtain statistics that pertain to a process...

Persistent link: https://www.econbiz.de/10010873977

The influence of affect on stock price volatility: new theory and evidence

Olsen, Robert A. - In: Qualitative Research in Financial Markets 4 (2011) June, pp. 26-35

present value theory. Design/methodology/approach – The conceptual basis is the impact of affect on investor decisions. The … risk perceptions and expected returns. Thus, new good or bad information has an amplified effect on stock valuations. In … primary implications are that ex ante perceptions of risk and return vary inversely and that affect has a strong influence on …

Persistent link: https://www.econbiz.de/10010540363

Exchange Rate Volatility in BRICS Countries

Maradiaga, David Isaias; Zapata, Hector O.; Pujula, … - Southern Agricultural Economics Association - SAEA - 2012

This paper measures the impact of bilateral exchange rates, the world agricultural GDP and third-country exchange rate volatilities (Yen/USD and Euro/USD) on the BRICS agricultural exports using a vector autoregressive (VAR) model. Two measures of volatility are used: the standard deviation and...

Persistent link: https://www.econbiz.de/10009421067