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Over the past decades, economic theory has gained increasing influence in legal thinking, political theory, and public … have elements in their theory that involve imposition of certain values - that is, involve merit goods.Merit goods, then …
Persistent link: https://www.econbiz.de/10012778526
In this paper it is been made an attempt to map the global OLG models and afterwards to draw phase diagrams for the baseline OLG models, namely by simulating the Diamond (1965) capital accumulation simple OLG model. First it is discussed the issue of optimality in OLG models, then the general...
Persistent link: https://www.econbiz.de/10012908455
This report is one of the first studies discussing monetary base analysis and control model, a concept even today is alive and more developed by, for example, by IMF to use its analysis. The study presents monetary base approach to control of money flows and the links between monetary base,...
Persistent link: https://www.econbiz.de/10012892419
causal graphical reasoning made consistent through probability theory. The calibration of the model is made on expert …
Persistent link: https://www.econbiz.de/10012869273
Information is an assumption for modern finance. The Efficient Market Hypothesis uses information to back its case of efficiency. The EMH case is weak, but as Martin Swell (2011) explains, until a flawed hypothesis is replaced by better hypothesis, criticism is of limited value. This paper...
Persistent link: https://www.econbiz.de/10012970631
Persistent link: https://www.econbiz.de/10012978336
Present market instabilities have prompted great interest on the characteristics of specific portfolios such as minimum variance and equally- weighted risk contribution portfolios as these portfolios do not rely on the estimate of expected returns. Indeed, in turmoil periods traditional market...
Persistent link: https://www.econbiz.de/10013018612
Volatility is usually considered as a synonym for risk. Mainstream financial theory states that higher portfolio … framework that encompasses various investment styles and portfolio construction methodologies. Modern Portfolio Theory is a one … theory. We show that Markowitz portfolios and Warren Buffett's investment style are valid special cases of optimal growth …
Persistent link: https://www.econbiz.de/10013018815