The study aims to examine the asymmetric impacts of macroeconomic variables on environment degradation. For this purpose, the study utilizes the data of Thailand over the period of 1990-2018. Data are gathered from Global Economy. Augmented Dickey Fuller (ADF) test is used to check the data...

University of Minnesota Ph.D. dissertation. August 2009. Major: Economics. Advisors: Narayana Kocherlakota. 1 computer file (PDF); vii, 83 pages, appendices A-B. Ill. (some col.)

Despite abundant studies of the application of pension systems in developed countries, little work has been done on how to apply a sustainable pension system in developing countries. The set-up of pension systems in developed countries and developing countries are expected to be different...

In the Dynamic Conditional Correlation with Mixed Data Sampling (DCC-MIDAS) framework, we scrutinize the correlations between the macro-financial environment and CO2 emissions in the aftermath of the COVID-19 diffusion. The main original idea is that the economy's lock-down will alleviate part...

This paper investigates the relationship between economic policy uncertainty (EPU), an index capturing newspaper coverage of policy-related issues, and momentum profits. Momentum remains an unexplained anomaly. Our findings reveal a statistically negative association between EPU and hedge...

This paper analyzes the macroeconomic impact of corporate taxation. The analysis is conducted in a quantitative two-country model. In the first step, the paper describes the long-run effects of corporate taxation. A reduction in the corporate-income tax rate increases GDP, wages, consumption,...

We analyse how fiscal policy affects both the macroeconomy and the industry structure, using a multi-sector macroeconomic model of the Norwegian economy with an inflation targeting monetary policy. Our simulations show that the government spending multiplier in the case of a permanent...

Based on the present value model for stock prices, we utilise a pooled mean group estimator for panel ARDL cointegration to estimate the long-run relationship between G7 stock prices and macroeconomic variables over the last 40 years. We find a positive long-run relation between stock prices,...

We examine the macroeconomic determinants of mergers and acquisitions (M&A) using panel data over 2006:Q1 - 2022:Q2 for 21 European Union (EU) countries. Across di§erent model specifications we find that bond yields and past real GDP growth are robust quantitatively and statistically...

We develop a panel data model with stochastic dynamic processes to empirically verify the possible existence of the European crime drop. This time-varying effect can be captured by the stochastic trend and can be interpreted as the "potential" European crime drop. Due to the flexibility of our...