Results 251 to 260 of about 43,386 (309)

EU ETS Market Expectations and Rational Bubbles

open access: yesJournal of Money, Credit and Banking, EarlyView.
Abstract The European Union Emissions Trading System (EU ETS) experienced sharp allowance price increases from 2018 onward, prompting claims that rational bubbles were driving the surge. We reassess this hypothesis using expectations based on futures prices.
CHRISTOPH WEGENER   +2 more
wiley   +1 more source

Learning in the Limit: Income Inference from Credit Extensions

open access: yesThe Journal of Finance, EarlyView.
ABSTRACT Combining a randomized controlled trial with administrative and survey data, this paper shows that credit limit extensions significantly increase total spending and income expectations. By controlling for changes in personal income expectations, the spending response to credit limit extensions weakens by approximately 30%.
XIAO YIN
wiley   +1 more source

Education and the Shadow Economy: A Panel Cointegration Analysis

open access: yesKyklos, EarlyView.
ABSTRACT This study examines the impact of education on the shadow economy across 132 countries over the period 1991–2020. To this end, panel cointegration and panel error‐correction models are employed. The results of the panel cointegration tests indicate a stable long‐term relationship among the selected variables.
Salvatore Ciucci
wiley   +1 more source

Climate change and environmental degradation: Evidence from SADC countries. [PDF]

open access: yesPLoS One
Adediran OA   +6 more
europepmc   +1 more source

Forecasting Climate Change Using a Multivariate Cointegrated System

open access: yesOxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT A cointegrated vector equilibrium correction model of key climate variables including sea surface temperature, ocean heat content, Arctic sea‐ice extent and sea‐level change is built, driven by radiative forcing in which a stochastic trend arises due to anthropogenic emissions of greenhouse gases.
Jennifer L. Castle   +3 more
wiley   +1 more source

Inference on the Attractor Space via Functional Approximation

open access: yesOxford Bulletin of Economics and Statistics, EarlyView.
ABSTRACT This paper discusses semiparametric inference on hypotheses on the cointegration and the attractor spaces for I(1)$$ I(1) $$ linear processes with moderately large cross‐sectional dimension. The approach is based on sample canonical correlations and functional approximation of Brownian motions, and it can be applied both to the whole system ...
Massimo Franchi, Paolo Paruolo
wiley   +1 more source

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