This paper is a report of the research on the effect of speculation on commodities and food since deregulation. Econometrics can be applied to show how speculation influences price and vice versa. However, there is no clear empirical picture. In this paper, we examine the reasons for the lack of...

[enter Abstract Body]The central thesis of the Phillips Curve is that inflation leads to less unemployment. The link between inflation and employment has been tested empirically many times using econometrics but never by behavioral science. The purpose of this paper is to use behavioral science...

Compensation schemes have been blamed for encouraging excess risk-taking on the part of managers within the financial system and real economy. In general, compensation cannot decrease below the base salary, while gains from bonuses can be limitless. The potential link between compensation and...

The image of Man in the Economic Sciences is examined in this paper from the perspective of behavioral economics and expanded using new interdisciplinary research findings. Experiments show that there are many people who selflessly do good deeds and feel better for doing so, not worse. This...

This paper examines the effects of interest rate cuts on investment behavior. The methodology is to simulate investment decision making under different capital costs. The experiment showed that decreasing interest rates encourage risk-taking. With the decreased interest rate as borrowing costs...

In this paper we examine the extent newer developments affect the economic processes of the market and put financial markets at risk. We also analyze if the financial market regulations are sufficient to limit the systemic risk they cause. The biggest Shortcoming of the recent reforms to the...

Macroeconomic expectations of various economic agents are characterized by substantial cross-sectional heterogeneity. In this paper, we focus on expectations heterogeneity among professional forecasters. We first present stylized facts and discuss theoretical explanations for heterogeneous...

Verlagsinformation: Die europäische Stahlindustrie ist seit Anfang der sechziger Jahre einem tiefgreifenden Strukturwandel ausgesetzt. Die EU-Kommission und die Regierungen der Mitgliedstaaten ergriffen seither umfangreiche wirtschaftspolitische Maßnahmen zur Überwindung der Stahlkrisen....

Introduction -- National Accounts -- Neoclassical Macro Model -- Inflation -- The Monetary Policy of the European Central Bank -- Keynesian Theory -- Business Cycle Theories -- International Financial Markets -- Solutions Exercises.