Showing 1 - 10 of 632
Persistent link: https://www.econbiz.de/10010489078
In Italy, in July 2003, a new highway code came into force. Among other things, it posits a «revolutionary » point-system driving licence. This paper analyses optimal punishment schemes and shows that a simpler policy intervention, such as a dynamic increase in the size of the pecuniary...
Persistent link: https://www.econbiz.de/10010786803
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10010295734
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10005059033
In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...
Persistent link: https://www.econbiz.de/10011431685
This thesis is mainly concerned with the estimation of parameters of a first-order Smooth Threshold Autoregressive (STAR) model with delay parameter one. The estimation procedures include classical and Bayesian methods from a parametric and a semiparametric point of view.As the theoretical...
Persistent link: https://www.econbiz.de/10009434818
Stochastic di®erential equations (SDEs) are central to much of modern finance theory and have been widely used to model the behaviour of key variables such as the instantaneous short-term interest rate, asset prices, asset returns and their volatility. The explanatory and/or predictive...
Persistent link: https://www.econbiz.de/10009437988
The Weibull distribution, an extreme value distribution, is frequently used to model survival, reliability, wind speed, and other data. One reason for this is its flexibility; it can mimic various distributions like the exponential or normal. The two-parameter Weibull has a shape (gamma) and...
Persistent link: https://www.econbiz.de/10009457215
The beta distribution is useful in modeling continuous random variables that lie between 0 and 1, such as proportions and percentages. The beta distribution takes on many different shapes and may be described by two shape parameters, alpha and beta, that can be difficult to estimate. Maximum...
Persistent link: https://www.econbiz.de/10009457237
The digitization of a circular arc causes an inherent loss of geometrical information. Arcs with slightly different local curvature or position may lead to exactly the same digital pattern. In this paper we give a characterization of all centers and radii of circular arcs yielding the same...
Persistent link: https://www.econbiz.de/10009460014