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Stagnation Vs Singularity : The Global Implications of Alternative Productivity Growth Scenarios
McKibbin, Warwick J. - 2019
Productivity growth has flat-lined in most economies despite rapid advances in technology. Economists suggest competing … and increased productivity means a productivity surge is just around the corner. The paper explores the implications of … alternative productivity growth scenarios for the global economy, particularly for growth, labor markets and the flows of trade …
Persistent link: https://www.econbiz.de/10012890306
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Assessing Climate Change Impacts : Agriculture
Bosello, Francesco; Zhang, Jian - 2014
temperature increase in the relevant year and with a crop-growth model estimating climate change impact on cereal productivity …
Persistent link: https://www.econbiz.de/10014063286
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Development, Growth and Volatility
Moro, Alessio - 2010
theory of development consistent with these three facts. I show that even when total factor productivity (TFP) growth and …
Persistent link: https://www.econbiz.de/10013141336
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Managing Sovereign Credit Risk in Bond Portfolios
Bruder, Benjamin - 2012
With the recent development of the European debt crisis, traditional index bond management has been severely called into question. We focus here on the risk issues raised by the classical market-capitalization weighting scheme. We propose an approach to properly measure sovereign credit risk in...
Persistent link: https://www.econbiz.de/10013113594
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Rare Macro Disasters in Credit and Option Markets
Du, Du - 2012
We show that the slight possibility of a macroeconomic disaster of moderate magnitude can explain important features across credit, option, and equity markets. Our consumption-based equilibrium model captures the empirical level and volatility of credit spreads, generates a flexible credit term...
Persistent link: https://www.econbiz.de/10013109094
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Interactions of Reduced Deforestation and the Carbon Market : The Role of Market Regulations and Future Commitments
Anger, Niels - 2014
Reducing emissions from deforestation and degradation (REDD) has been proposed as a potentially inexpensive and plentiful source of emission abatement to supplement other longterm climate policies. However, critics doubt that REDD credits are environmentally equivalent to domestic emission...
Persistent link: https://www.econbiz.de/10013071251
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Discover Regional and Size Effects in Global Bitcoin Blockchain via Sparse-Group Network AutoRegressive Modeling
Chen, Ying - 2019
Bitcoin blockchain has grown into an active global virtual money network with millions of accounts.We propose a Sparse-Group Network AutoRegressive (SGNAR) model to understand the dynamics of its cross-border transactions. It describes the money flows of virtual funds, with a focus on the...
Persistent link: https://www.econbiz.de/10012898219
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The Challenge of Marketing Interventions in Global Markets
Vassileva, Bistra - 2015
We live in a world where disruptive technologies, rapid structural changes and economic turbulence are impacting the global economy by accelerating the rise of complexity. Complexity turns out to be a major power business must consider when develop and execute marketing strategies. Globalisation...
Persistent link: https://www.econbiz.de/10013012977
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On the Design of Sovereign Bond-Backed Securities
Barucci, Emilio - 2019
We analyze Sovereign Bond-Backed Securities, concentrating our attention on the return of the different tranches and on their risk. We show that as the correlation level among defaults increases, the yield rate of senior tranches increases while the yield rate of junior tranches decreases. A...
Persistent link: https://www.econbiz.de/10012858438
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Integration of ESG in Asset Allocation
Bruder, Benjamin - 2019
In this paper, we try to identify the relationship between the ESG scores and stocks' performance and risk measures. Using the ESG database of MSCI, we split the global investment universe into three regions: Europe, North America and Asia-Pacific. The investment universe of each region is...
Persistent link: https://www.econbiz.de/10012860613