"Monetary Policy and the Economy in South Africa covers both modern theories and empirical analysis, linking monetary policy with relating house wealth, drivers of current account based on asset approach, expenditure switching and income absorption effects of monetary policy on trade balance,...

We model the arrival of heterogeneous information in a financial market as a doubly-stochastic Poisson process (DSPP). A DSPP is a member of the family of Poisson processes in which the mean value of the process itself is governed by a stochastic mechanism. We explore the implications for...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>Any election may result in six possible situations. The incumbent or challenger may win according to the official results. If the incumbent wins, he may remain in power, or a standoff or coalition may ensue. In contrast, if the challenger wins, he may become...</p>