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explaining exchange rate movements. The asset market theory of exchange rate determination implies that exchange rates are mainly … driven by the development of macroeconomic fundamentals. Furthermore the asset market theory assumes that foreign exchange … speculation, economic theory states that speculation can have either a stabilizing effect or a destabilizing effect on exchange …
Persistent link: https://www.econbiz.de/10009433679
Persistent link: https://www.econbiz.de/10010353216
regulators that have been more successful in promotingtheir versions of what accounting theory should be, which place a … questionmark on the legitimacy of current day accounting theory. This thesis aims todelve deeper into the foundational philosophies … conceptual framework became the basis upon whichaccounting theory is based. However, many accounting scholars are openlycritical …
Persistent link: https://www.econbiz.de/10009456141
This paper is a deductive theoretical enquiry into the flow of effects from the geometry of price bubbles/busts, to price indices, to pricing behaviours of sellers and buyers, and back to price bubbles/busts. The intent of the analysis is to suggest analytical approaches to identify the...
Persistent link: https://www.econbiz.de/10009437953
Recently, single equation approaches for estimating structural models have become popular in the monetary economics literature. In particular, single-equation Generalized Method Moments estimators have been used for estimating forward-looking models with rational expectations. Two important...
Persistent link: https://www.econbiz.de/10009441413
Recent studies have tested whether futures prices respond to U.S. Department of Agriculture inventory reports in accordance with the efficient markets hypothesis. These studies use survey forecasts to identify the anticipated and unanticipated information contained in a report. However, this...
Persistent link: https://www.econbiz.de/10009443455
RESUMEN: La diferencia temporal existente entre la planificación de la oferta y la demanda de productos agrarios, conlleva a que, tradicionalmente, en sectores como el de frutas y hortalizas cobren gran interés las teorías sobre formación de expectativas de precios. En las últimas décadas,...
Persistent link: https://www.econbiz.de/10009444108
This paper examines supply response models in a rational expectations framework for each one of the fourmajor Greek meat markets, i.e. beef, broiler, lamb and pork. A multivariate GARCH model with Choleskydecomposition is used to incorporate price volatility into the rational expectations supply...
Persistent link: https://www.econbiz.de/10009445967
In recent times the emergence of the property cycle and the effects that it has on theproperty market has caused the relevant parties involved in the market to start placingmore emphasis on how these cycle works. The overall objective of this study is to tryestablish if the interpretation of...
Persistent link: https://www.econbiz.de/10009447709
This paper provides an adaptive learning algorithm for linear stochastic models with expectational leads in which forecasts for an arbitrary period ahead of the current state feed back into the economic system. The concept of an unbiased forecasting rule with generates rational expectations...
Persistent link: https://www.econbiz.de/10009452462