Consensus estimates put the half-life of deviations from purchasing power parity (PPP) at about four years (Rogoff, 1996). However, conventional least squares estimates of half-lives are biased downward. Accordingly, as a preferred measure of the persistence of real exchange rate shocks, this...

Based on a cash-in-advance approach, this paper investigates theoretically the determinants of money holdings of firms under the conditions of a highly regulated labor market and analyses empirically the demand for money of German businesses during the period 1960-1998. As a result of our...

В современных условиях возрастает роль инновационных проектов, на которые влияют различного рода факторы, как положительно, так и отрицательно, именно поэтому...

A ranking method assigns to every weighted directed graph a (weak) orderingof the nodes. In this paper we axiomatize the ranking method that ranksthe nodes according to their outflow using four independent axioms. This outflowranking method generalizes the ranking by outdegree for directed...

A ranking method assigns to every weighted directed graph a (weak) ordering

In order to meet European and international touristic competition standards, modernization, re-establishment and development of Romanian tourism are necessary as well as creation of modern touristic products that are competitive on this market. The use of modern methods of statistic analysis in...

In fuzzy decision-making environments, intuitionistic preference relation is highly useful in depicting uncertainty and vagueness of preference information provided by the decision maker. In the process of decision making with intuitionistic preference relation, the most crucial issue is how to...