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Lorenz meets rating but misses valuation

Camacho Cuena, Eva; Seidl, Christian - 2005

judge ten multiple-outcome lotteries or ten n-dimensional income distributions in terms of both ratings and valuations. This … (lotteries versus income distributions) effects in subjects' perceptions concerning the two types of Lorenz relations. We found … the existence of a marked response-mode effect, as only the ratings of the lotteries and income distributions confirm both …

Persistent link: https://www.econbiz.de/10010296241

A Fantastic Rain of Gold : European Migrants’ Remittances and Balance of Payments Adjustment During the Gold Standard Period

Esteves, Rui Pedro - 2012

While the pre-1914 mass migrations have been widely studied, the related pattern of emigrants' remittances is still largely untouched. This paper aims at filling this gap by analyzing the contribution of remittances to financial stability. In the optimum currency area theory labor mobility can...

Persistent link: https://www.econbiz.de/10013108949

Who Exhibits Time Varying Risk Aversion?

Blanchett, David - 2016

There is growing empirical evidence that risk preferences change based on financial market conditions. This paper explores individual predictors of time varying risk aversion among participants in U.S. defined contribution plans using a unique dataset with daily responses to a risk tolerance...

Persistent link: https://www.econbiz.de/10012993638

The COVID-19 Crisis and Consumption : Survey Evidence from Six EU Countries

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2021

Using new panel data from a representative survey of households in the six largest euro area economies, the paper estimates the impact of the Covid-19 crisis on consumption. The panel provides, each month, household-specific indicators of the concern about finances due to Covid-19 from the first...

Persistent link: https://www.econbiz.de/10013250916

The Covid-19 crisis and consumption : survey evidence from six EU countries

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2020

Persistent link: https://www.econbiz.de/10012390462

The COVID-19 Crisis and Consumption : Survey Evidence from Six EU Countries

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2021

Using new panel data from a representative survey of households in the six largest euro area economies, the paper estimates the impact of the COVID-19 crisis on consumption. The panel provides, each month, household-specific indicators of the concern about finances due to COVID-19 from the first...

Persistent link: https://www.econbiz.de/10013251685

The Performance of Market-Timing Strategies of Italian Mutual Fund Investors

Borri, Nicola - 2017

In this paper we show that simple buy-and-hold strategies over-perform market-timing strategies effectively used by Italian investors in equity mutual funds. We estimate returns from market-timing strategies using aggregate data on net flows for a large sample of equity mutual funds, available...

Persistent link: https://www.econbiz.de/10012971945

Time Varying Risk Aversion and Asset Returns

Goodarzi, Milad - 2023

Prices and investors' behavior are heavily influenced by risk aversion. As it is unobservable, estimating risk aversion has been challenging for a long time. This paper proposes using a Machine Learning approach (a combination of Autoencoder and Long-Short Term Memory) to estimate the...

Persistent link: https://www.econbiz.de/10014349479

Fiscal policy and the banking system in Italy: have taxes, public spending and banks been procyclical in the long-run?

Piluso, Giandomenico; Ricciuti, Roberto - 2008

This paper analyses the relations between the banking system fluctuations, on one hand, and taxation and public spending, on the other one, using a VECM methodology. We find some evidence of prociclicality of fiscal policy using variables such as government spending, taxes, and primary surplus....

Persistent link: https://www.econbiz.de/10010264470

The Eff ect of the Italian Uni fication on the Comparative Regional Development in Literacy, 1821-1911

Ciccarelli, Carlo - 2016

This paper provides the fi rst ever diachronic homogenous estimates of literacy rates in the Italian provinces during the period 1821-1911, by gender. The estimates exploit the age structure information reported in the population censuses of 1881 and 1911 to back cast literacy rates to the early...

Persistent link: https://www.econbiz.de/10012986254