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Realized divergence gauges the distinct realized moments associated with time-varying uncertainty and is tradeable with … divergence swaps engineered from delta-hedged option portfolios. Consistently with established notions of symmetry in arbitrage …-free option markets, implied divergence systematically decomposes the price of uncertainty into the contributions of distinct …
Persistent link: https://www.econbiz.de/10011507861
Social disparities in Russia were increasing since transition started in the 1990s on the background of decline of all social indicators. In the first decade of 2000-th growth of economy contributed to improvement of wellbeing of population. Policy of budgetary alignment and state social policy...
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inequality? And finally, we examine the convergence (or divergence) in terms of inequality. Analogous to the concept of (absolute …
Persistent link: https://www.econbiz.de/10011516928
This paper compares relative unit labour cost developments in the countries of the euro-area since the beginning of the European Monetary Union (EMU) both with historical developments and with intra-regional unit labour cost developments in the United States of America and Germany. To this end,...
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Given the shrinking proportion of agriculture output and the growing mobility of the labor force in China, how agricultural labor productivity develops has become an increasingly attractive topic for researchers and policy makers. This study aims to depict the development trajectory of...
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