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The appendix discusses computational aspects of the paper “Business Cycle Implications of Internal Consumption Habit for New Keynesian Models.” These topics range from solving the baseline new Keynesian dynamic stochastic general equilibrium (NKDSGE) model, estimating the structural...

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In a preceding paper, we proved the discrete compactness properties of Rellich type for some 2D discontinuous Galerkin finite element methods (DGFEM), that is, the strong L2 convergence of some subfamily of finite element functions bounded in an H1-like mesh-dependent norm. In this note, we will...

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This study is the first attempt to estimate the determinants of the operational efficiency and total factor productivity (TFP) change of major financial institutions in Cambodia during the period 2006 to 2013. The technical efficiency score and the TFP change were measured using conventional...

We consider the formation and long-run stability of cooperative groups in a social dilemma situation where the pursuit of individual interests conicts with the maximization of social welfare. The adaptive play model of Young (1993) is applied to a group formation game where voluntary...

Elliott and Mler (2007) (EM) provides a method to construct a confidence set for the structural break date by inverting a locally best test statistic. Previous studies show that the EM method produces a set with an accurate coverage ratio even for a small break, however, the set is often overly...

The most prominent characteristic of the Japanese yen/U.S. dollar nominal exchange rate in the post-Plaza Accord era is near random-walk behavior sharing a common stochastic trend with the two-country monetary base differential augmented with excess reserves. In this paper, we develop a simple...