Showing 1 - 10 of 36
Persistent link: https://www.econbiz.de/10011739030
This paper examines the optimal production, export allocation and hedging decisions of a risk-averse international firm that exports to several foreign markets with different currencies. The firm faces multiple exchange rate risks. Optimal decisions are analyzed under two scenarios. In the...
Persistent link: https://www.econbiz.de/10011543464
restrict the dimension of the parameter space. For this purpose we introduce the concept of common feature separation and … investigate the relationships between separation in cointegration and separation in serial correlation common features. Loosely …
Persistent link: https://www.econbiz.de/10011409009
From an economic perspective, marriage and long-term partnership can be seen as a riskpooling device. This informal insurance contract is, however, not fully enforceable. Each partner is free to leave when his or her support is needed in case of an adverse life event. An adverse health shock is...
Persistent link: https://www.econbiz.de/10011994533
Persistent link: https://www.econbiz.de/10011607138
decision problems can be solved separately, using the well-known separation principle. Our general setup, which does not … feature any separation, is relevant for most available dynamic models in macro. We apply our results to a model of fiscal …
Persistent link: https://www.econbiz.de/10011617351
Persistent link: https://www.econbiz.de/10011642384
Immigrants do not fare as well as natives in economic terms; even after including many controls, an unexplained part remains. The ethnic identity entered the field of labor and migration economics in an effort to better explain the economic outcomes of immigrants, their behavior and their often...
Persistent link: https://www.econbiz.de/10010418958
Persistent link: https://www.econbiz.de/10012181843
law is the separation of clusters of resource related activities for treatment in partial isolation of their context. The … separation of parts of the world for semi-formal treatment extends through sophisticated forms of entity property, asset … partitioning, and mixed systems. All these forms of separation promote specialization and investment, but separation comes at the …
Persistent link: https://www.econbiz.de/10011685446