Results 71 to 80 of about 168,643 (263)
Fundamentals Models Versus Random Walk: Evidence From an Emerging Economy
Journal of Forecasting, EarlyView.ABSTRACT We analyze the predictive power of fundamentals versus random walk models for horizons from 1 to 24 months in an emerging market. Specifically, we investigate what fundamentals models outperform random walk during periods of appreciation and depreciation of the exchange rate.
Helder Ferreira de Mendonça +2 more
wiley +1 more source
BMJ, 2002 Macroeconomics and Health, a provocative report from the World Health M acroeconomics and Health, a provocative report from the World Health Organization, is a dramatic call for action from both rich countries and poor countries.1 The report emphasises the linkage of avoidable disease to poverty and argues that investmentsin health are fundamental to ...
openaire +4 more sources
Lucas on the Lucasian transformation of macroeconomics: an assessment [PDF]
Robert Lucas is rightfully credited with having changed the course of macroeconomic theory. The aim of this paper is to document his transformation from a potential contributor to Keynesian macroeconomics to the master builder of an alternative paradigm,
Michel DE VROEY
core
The Variance Risk Premium Over Trading and Nontrading Periods
Journal of Futures Markets, EarlyView.ABSTRACT In this paper, we decompose the variance risk premium (VRP) into overnight and intraday components using model‐free implied variance stock indices in the United States, Europe, and Asia. We find that during the nontrading overnight period, the VRP is significantly negative, whereas during the intraday trading period, the VRP becomes positive ...
Lucas Papagelis, George Dotsis
wiley +1 more source
KALECKI'S THEORY OF INCOME DETERMINATION: A RECONSTRUCTION AND AN ASSESSMENT [PDF]
The paper considers the legacy for modern macroeconomics of Kalecki’s theory of income determination. The latter is reconstructed in its analytical constituent parts referring in detail to the original sources.
Alberto Chilosi
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Tail Risk Hedging: The Superiority of the Naïve Hedging Strategy
Journal of Futures Markets, EarlyView.ABSTRACT Mitigating extreme tail risk is essential for institutions and corporations to prevent financial losses from severe asset price fluctuations across many asset classes. This study shows that a simple futures hedging strategy, the naïve hedge, is remarkably effective at managing tail risk—so much so that few other methods can beat it.
Min Cao, Thomas Conlon
wiley +1 more source
An Interview with Thomas J. Sargent [PDF]
The rational expectations hypothesis swept through macroeconomics during the 1970’s and permanently altered the landscape. It remains the prevailing paradigm in macroeconomics, and rational expectations is routinely used as the standard solution concept ...
George W. Evans, Seppo Honkapohja
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Health Economics, EarlyView.ABSTRACT Contaminated drinking water poses a significant, long‐term health challenge in developing countries. With the aim of shedding light on the most effective presentation of this information in awareness campaigns, we run a randomized control trial involving 1388 households in Punjab, Pakistan.
Rafi Amir‐ud‐Din +3 more
wiley +1 more source
The New Political Macroeconomics [PDF]
The paper surveys the ‘old’ and ‘new’ political macroeconomics. In the former we consider how governments can be seen to manipulate the economy as to satisfy opportunistic or ideological motives, thereby creating opportunistic or partisan political ...
Ali al-Nowaihi, Dean Garratt
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