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Here Lives a Wealthy Man: Price Rigidity and Predictability in Luxury Housing Markets

Levy, Daniel; Snir, Avichai - 2018

We use novel and unique data to study the effect of price changes in the market for luxury and middle class homes. We find that luxury home sales respond less to price changes than the middle-class home sales; in the market for luxury homes, past prices affect current prices; luxury home prices...

Persistent link: https://www.econbiz.de/10011806155

Economic Theory of Inflation

Jackson, Emerson Abraham - 2024

This paper explores the Economic Theory of Inflation, meticulously progressing from fundamental concepts to intricate … synthesis of economic theory, empirical analysis, and policy considerations contributes to an informed and nuanced understanding … of the Economic Theory of Inflation, crucial for policymakers navigating the complexities of contemporary economies. …

Persistent link: https://www.econbiz.de/10014447589

Exchange Rate Pass-through in Russia

Ponomarev, Yuri; Trunin, Pavel V.; Uljukaev, Aleksej V. - 2014

The article provides estimates of short-run and medium-run exchange rate pass-through into domestic prices in Russia during the period of 2000–2012 using vector error correction model. Exchange rate pass-through asymmetry estimates, its assessments on different sub-periods and exchange rate...

Persistent link: https://www.econbiz.de/10011379941

Macroprudential Regulation and the Role of Monetary Policy

Tayler, William; Zilberman, Roy - 2014

This paper examines the macroprudential roles of bank capital regulation and monetary policy in a Dynamic Stochastic General Equilibrium model with endogenous financial frictions and a borrowing cost channel. We identify various transmission channels through which credit risk, commercial bank...

Persistent link: https://www.econbiz.de/10010335198

Inflation Uncertainty, Output Growth Uncertainty and Macroeconomic Performance: Comparing Alternative Exchange Rate Regimes in Eastern Europe

Khan, Muhammad; Kebewar, Mazen; Nenovsky, Nikolay - 2013

In the late 90's, after severe financial and economic crisis, accompanied by inflation and exchange rate instability, Eastern Europe emerged into two groups of countries with radically contrasting monetary regimes (Currency Boards and Inflation targeting). The task of our study is to compare...

Persistent link: https://www.econbiz.de/10010312036

Jumps and Information Asymmetry in the US Treasury Market

Dumitru, Ana-Maria; Urga, Giovanni - 2016

This paper analyses the informational role of the trading activity when jumps occur in the US Treasury market. As jumps mark the arrival of new information to the market, we explore the contribution of jumps in reducing the informational asymmetry. We identify jumps using a combination of jump...

Persistent link: https://www.econbiz.de/10011446868

Catching The Drivers of Inclusive Growth in Sub-Saharan Africa: An Application of Machine Learning

Ofori, Isaac Kwesi - 2021

A conspicuous lacuna in the literature on Sub-Saharan Africa (SSA) is the lack of clarity on variables key for driving and predicting inclusive growth. To address this, I train the machine learning algorithms for the Standard lasso, the Minimum Schwarz Bayesian Information Criterion (Minimum...

Persistent link: https://www.econbiz.de/10012582730

An investigation into the dependence structure of major cryptocurrencies

Saha, Kunal - 2018

This paper attempts to examine the dependence structure of four major cryptocurrencies chosen by current market capitalisation. It is a well known fact that there is huge volatility in the prices of these cryptocurrencies. The Vine Copula model is used to get some insights about the dependence...

Persistent link: https://www.econbiz.de/10011894386

No Shortage of Profit: Semiconductor firms and the differential effects of chip shortages

Mouré, Christopher - 2022

Few will argue with the claim that shortages are socially harmful. Shortages, by definition, imply a lack of something – not enough stuff to go around. A shortage of food implies hunger; a shortage of electricity implies darkness. But are shortages harmful to everyone equally? And if they are...

Persistent link: https://www.econbiz.de/10013396060

Economics of Fiscal Dominance and Ramifications for the Discharge of Effective Monetary Policy Transmission

Jackson, Emerson Abraham - 2024

This paper explores the intricate dynamics of fiscal dominance and its profound implications for monetary policy efficacy, contributing to the discourse on the interplay between fiscal and monetary policies. The theoretical foundation critically examines existing literature, integrating...

Persistent link: https://www.econbiz.de/10014461456