Am 19. November 2024 fand in der Oesterreichischen Nationalbank (OeNB) auf Einladung von Gouverneur Univ.-Prof. Dr. Robert Holzmann die Konferenz "80 Jahre 'The Road to Serfdom' / 50 Jahre Nobel-Gedächtnispreis F.A. Hayek: Relevanz für heute und morgen?!" statt. Anlass für die Konferenz war...

We utilize Bayesian model averaging to estimate a stochastic discount factor (SDF) for single-stock options. A Bayesian model averaging SDF outperforms reduced-form benchmark models in-sample and out-of-sample in pricing option return anomalies and portfolios. We document that the SDF is dense...

A class of generalized ARMA models with an identity link function and a conditional beta prime (BP-ARMA) distribution is proposed for modeling positive time series. Sufficient and necessary conditions for the existence of an ergodic stationary BP-ARMA process having finite moments are first...

This research explores the changes in the food market and the challenges faced by supply chain actors in the context of emerging transformations. The central issue lies in understanding the impact of technological change, the pressures for sustainability, and the evolution of customer...

The objective of this work was to explore energy transition trajectories in China and Latin America, indicating their synergies and potential. Starting from a description of the Energy Transition Index (ETI) and an explanation of its methodology, we sought to map the global energy transition,...

The objective of this work was to explore energy transition trajectories in China and Latin America, indicating their synergies and potential. Starting from a description of the Energy Transition Index (ETI) and an explanation of its methodology, we sought to map the global energy transition,...

Aggarwal et al. (2023) analyze the effects of an 8-month-long advertising program on voter turnout in the 2020 US presidential election. Therein, 2 million voters were exposed to pro-Biden and anti-Trump advertisements on social media in five battleground states. The study finds no average...