Can we predict fine wine and alcohol prices? Yes, but it depends on the forecasting horizon. We make this point by considering the Liv-ex Fine Wine 100 and 50 Indices, the retail and wholesale alcohol prices in the United States for the period going from January 1992 to March 2022. We use rich...

Given the unobserved nature of expectations, this paper employs latent variable analysis to examine three financial instability models and assess their out-of-sample forecasting accuracy. We compare a benchmark linear random walk model, which implies exogenous instability phenomena, with a...

Viticulture is an important activity in Romania, with a tradition since ancient times, it is ideal to cultivate especially for its geographical position and pedo-climatic conditions. In Romania, the area under vines is decreasing between 2015 and 2021, while total grape production is increasing...

Graduating economics PhDs face intense competition when seeking faculty or research positions at universities and research institutions. We examine the relationship between statistically significant results, arguably used as indicators of research quality in a competitive academic market, and...

Viticulture is an important activity in Romania, with a tradition since ancient times, it is ideal to cultivate especially for its geographical position and pedo-climatic conditions. In Romania, the area under vines is decreasing between 2015 and 2021, while total grape production is increasing...

Graduating economics PhDs face intense competition when seeking faculty or research positions at universities and research institutions. We examine the relationship between statistically significant results, arguably used as indicators of research quality in a competitive academic market, and...

Capital flow volatility is a concern for macroeconomic and financial stability. Nonetheless, literature is scarce in this topic. Our paper sheds light on this issue in two dimensions. First, using quarterly data for 33 emerging markets and developing economies over the period 1970Q1-2016Q4, we...

This paper studies the relationship between risk propensity, education and financial literacy. The results of the empirical investigation confirm the importance of the key explanatory variables of education and financial competence. Since they are both included in the model, the different roles...

This paper uses microdata from the Labor Force and Household Surveys conducted in Afghanistan to show the wage premium differences for education between men and women, documenting a significantly larger premium for women. This sharp distinction is causal as demonstrated by analysis of the...

The estimation of multiple structural break models is usually associated with identification of spurious break points, which are identified by universal algorithms. This leads to overvaluation of structural distress in financial markets represented by data series. The paper is focused on an...