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., 2008. A robust entropy-based test of asymmetry for discrete and continuous processes. Econometric Reviews 28, 246–261], the … symmetry versus asymmetry. Journal of the American Statistical Association 75, 168–172] and the [Bai, J., and Ng, S., 2001. A …
Persistent link: https://www.econbiz.de/10009484134
adding the dimensions of price tiers and asymmetry to the variance estimate has merit and does affect the estimated index as …?time between transaction, asymmetry, and price tier. …
Persistent link: https://www.econbiz.de/10009484542
line is that there are no direct observations or measurements of gravitational asymmetry which address the antimatter …
Persistent link: https://www.econbiz.de/10009435493
through the lens of foreign direct investment (FDI) flow asymmetry. The paper offers an approach to computing an integrated … Financial Asymmetry Index, formalizing the degree and nature of financial imbalances, and presents the geostrategic matrix built … such as China and Singapore had a low degree of asymmetry in their financial systems. For less developed nations, one of …
Persistent link: https://www.econbiz.de/10014525628
Although economic agents in different parts of a country face heterogeneous prices, empirical literature continue to assume homogeneity in the monetary policy-inflation nexus, with dire consequences for optimal monetary policy and welfare. Using wavelet-based quantile regressions, we provide a...
Persistent link: https://www.econbiz.de/10014547837
We study the dynamic link between economic news coverage and the macroeconomy. We construct two measures of media coverage of bad and good unemployment figures based on three major US newspapers. Using nonlinear time series techniques, we document three facts: (i) there is no significant...
Persistent link: https://www.econbiz.de/10014551558
economy. Nonetheless, the empirical literature offers no consensus regarding the direction and extent of asymmetry in this … average, but substantial asymmetry remains. Precisely, bank lending rates appear to be a lot more responsive to increases than … include study characteristics, asymmetry, and macrofinancial variables. Concerning study characteristics, results differ due …
Persistent link: https://www.econbiz.de/10014577343
We develop a parsimonious New Keynesian macro-finance model with downward nominal rigidities to understand secular and cyclical movements in Treasury bond premia. Downward nominal rigidities create state-dependence in output and inflation dynamics: a higher level of inflation makes prices more...
Persistent link: https://www.econbiz.de/10014581904
if oil prices rise and more slowly if oil prices fall. We use the simple and dynamic asymmetry models, error correction …
Persistent link: https://www.econbiz.de/10015052766
We investigate the asymmetric nonlinear link between foreign direct investment, oil prices, and CO2 emissions for the Gulf Cooperation Council nations, using foreign direct investment and oil price data. As foreign direct investment is positively associated with carbon emissions in the long run...
Persistent link: https://www.econbiz.de/10015074076