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Thrift stores and the Gilded Age shopper -- Dressing Dada and the rise of flea markets -- Garage sales and suburban subversiveness -- The invention of vintage clothing -- Elective poverty and postwar politics -- Genderfuck and the boyfriend look -- Connoisseurs of trash in a world full of it --...
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Using data from Germany, Japan, UK, and the U.S., we explore possible threshold cointegration in nominal short- and long-run interest rates with corresponding inflation rates. Traditional cointegration implies perfect mean reversion in real rates and hence confirms the Fisher hypothesis....
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The empirical joint distribution of return-pairs on stock indices displays high tail-dependence in the lower tail and low tail-dependence in the upper tail. The presence of tail-dependence is not compatible with the assumption of (conditional) joint normality. The presence of asymmetric-tail...
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