Showing 1 - 10 of 16
We explore whether the market variance risk premium (VRP) can be predicted. First, we propose a novel approach to measure VRP which distinguishes the investment horizon from the variance swap's maturity. We extract VRP from actual rather than synthetic S&P 500 variance swap quotes, thus avoiding...
Persistent link: https://www.econbiz.de/10011310177
We explore whether the market variance risk premium (VRP) can be predicted. First, we propose a novel approach to measure VRP which distinguishes the investment horizon from the variance swap's maturity. We extract VRP from actual rather than synthetic S&P 500 variance swap quotes, thus avoiding...
Persistent link: https://www.econbiz.de/10011380986
Becker (1968) and Stigler (1970) provide the germinal works for an economic analysis of crime. The approach they outlined has been utilised to consider the response of crime rates to a range of economic, criminal and socioeconomic factors. Until recently however this did not extend to a...
Persistent link: https://www.econbiz.de/10011397554
We analyse in detail conservative accounting practices in seventeen European countries, taking into account institutional factors. In addition, we examine the impact of IFRS adoption and the influence of changes in economic conditions on conditional conservatism. Specifically, we study the level...
Persistent link: https://www.econbiz.de/10012384142
Nick Tiratsoo and Jim Tomlinson describe and assess the Labour Party's development of a policy of improving industrial efficiency. They concentrate on the debates and initiatives of the wartime period and subsequent implementation of policy under Attlee. The book modifies existing historiography...
Persistent link: https://www.econbiz.de/10012990586
This paper explores the relationship between economic growth and informality and highlights the role of GDP growth and its composition in the level and evolution of informality, using country data from 1991 to 2019. The analysis reveals a weak relationship, although with important differences...
Persistent link: https://www.econbiz.de/10013346911
Using an aggregate credit spread index, we find that it has substantial predictive power for corporate bond returns over short and long horizons. The return predictability is economically and statistically significant and robust to various controls. The credit spread index and its components...
Persistent link: https://www.econbiz.de/10012611264
Non-Hispanic whites who do not have a college degree have experienced an increase in "deaths of despair" – deaths caused by suicide, drug use, and alcohol use. Yet, deaths of despair are proportionally largest among Native Americans and the rate of increase of these deaths matches that of...
Persistent link: https://www.econbiz.de/10013426395
Wechselwirkungen zwischen Arbeitsmarkt und sozialer Sicherung berühren in vielfältiger Weise zentrale Themen der Wirtschafts- und Sozialpolitik und stehen vielfach im Brennpunkt öffentlicher Diskussionen - man denke beispielsweise an die Frühverrentung als arbeitsmarktpolitisches Instrument...
Persistent link: https://www.econbiz.de/10014492478
Im populären und politischen Diskurs werden häufig ökonomische Verhältnisse (wie Armut, Ungleichheit oder Wachstumsschwäche) als Gründe für die Entstehung und den Export von Terrorismus aus ärmeren Ländern genannt. Zugleich gelten wirtschaftlich erfolgreiche Staaten häufig als Ziele...
Persistent link: https://www.econbiz.de/10010377904