This paper applies inverse theory to the estimation of the implied risk-neutral probability density function (PDF) from option prices. A general framework of inverting option prices for the implied risk-neutral PDF is formulated from the option pricing formula of Cox and Ross [<italic>J. Financial...

This article examines the performance of inflation targeters during the 2007-2012 downturn compared to those without this policy. Propensity score matching methods are used to compare the policy regimes, where during a downturn the more successful policy results in higher inflation and output...

The aim of this paper is to offer detailed information of fiscal redistribution in 36 countries, employing data that have been computed from the Luxembourg Income Study’s micro-level database. LIS data are detailed enough to allow us to measure both overall redistribution, and the partial...

Based on me data concerning detailed survey on land in the year 2009 and land change in the year 2010 in Rong County, a mountainous region of Sichuan Province, by using quantitative geographical model, we conduct quantitative analysis of the status quo of land use in Rong County in terms of land...

This research presents a comprehensive conceptual model of the dynamics of goal revision over multiple periods. First, based on an integrative literature review, we derive four principles that govern how individuals update their goals over time (monotonicity, diminishing sensitivity, aspiration...

This paper explores China’s strategies for addressing climate change on the industrial level. Focusing on six energy-intensive industries, this paper applies gray relational analysis theory to the affecting factors to CO<Subscript>2</Subscript> emissions of each industry after calculating each industry’s CO<Subscript>2</Subscript>...</subscript></subscript>

In most OECD countries the gap between rich and poor has widened over the past decades. This paper analyzes whether and to what extent taxes and social transfers have contributed to this trend. Has the redistributive power of different social programs changed over time? The paper contributes to...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>Asia is home to almost half of the global urban population and is urbanising at a pace faster than any other region, leading to greater environmental challenges that are already serious. This article offers a balanced assessment on the relationship between...</p>