Results 131 to 140 of about 90,517 (298)
Market Structure and Monetary Non-neutrality [PDF]
SSRN Electronic Journal, 2017 openaire +2 more sources
Quadratic Hedging of American Options Under GARCH Models
Journal of Futures Markets, EarlyView.ABSTRACT American options are widely traded in financial markets, yet there is a scarcity of literature on hedging in incomplete markets. In this paper, we derive optimal hedging ratios and option values using Local Risk Minimization (LRM) and Global Risk Minimization (GRM) hedging strategies through dynamic programming.
Junmei Ma, Chen Wang, Wei Xu
wiley +1 more source
The Fiscal Framework of Monetary Policy [PDF]
This paper illustrates the importance of the fiscal framework for monetary analysis by discussing three separate issues. I begin by examining how the fiscal framework changes the macroeconomic equilibrium associated with different steady state rates of ...
Martin Feldstein
core
Improving Implied Volatility Forecasts for American Options Using Neural Networks
Journal of Futures Markets, EarlyView.ABSTRACT This paper explores the application of neural networks to improve pricing of American options. Focusing on both American and European options on the S&P 100 index from January 2016 to August 2023, we integrate neural networks to model the difference between market‐implied and model‐implied volatilities derived from the Black‐Scholes and Heston
Haitong Jiang, Emese Lazar, Miriam Marra
wiley +1 more source
Monetary policy and the illusionary exchange rate puzzle [PDF]
Dornbusch’s exchange rate overshooting hypothesis is a central building block in international macroeconomics. Yet, empirical studies of monetary policy have typically found exchange rate effects that are inconsistent with overshooting.
Hilde C. Bjørnland
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Geological Journal, EarlyView.Energy security risk has a positive impact on material footprint. Renewable energy consumption reduces material footprint. ABSTRACT Following a high economic growth path, the group of G7 economies is found to be utilising more and more material, causing a material footprint (MF), which in turn contributes to pollution.
Serhat Çamkaya +4 more
wiley +1 more source
Some Empirical Evidence on the Quantity Theoretic Proposition of Money in ASEAN-5 [PDF]
This study examines the international evidence on long-run neutrality (LRN) of money based on low frequency data from five emerging ASEAN economies, namely, Indonesia, Malaysia, the Philippines, Singapore, and Thailand, using a nonstructural reduced-form
Abu Mansor, Shazali +2 more
core +1 more source
Health Care Science, EarlyView.Our analysis of 3636 participants from the nationally representative CHARLS cohort revealed that 8.7% of older adults with multimorbidities declined hospitalization despite medical necessity. This under‐utilization was associated with significant long‐term health deterioration, including reduced self‐rated health, impaired work capacity, and diminished
Yunlian Xue +3 more
wiley +1 more source
Human Resource Development Quarterly, Volume 36, Issue 1, Page 89-112, Spring 2025.Abstract Retirees re‐entering the workforce, popularly termed as bridge employment, is a phenomenon that is anticipated to increase in the coming years. Though research establishes that these employees have unique aspirations and work motives (see Mazumdar et al., 2020), primary research on how the retirement transition and bridge employment shape each
Bishakha Mazumdar +2 more
wiley +1 more source
Macroeconomic Stabilization with a Common Currency: [PDF]
The implications of monetary unification for fiscal policies are discussed. The roles of nominal exchange rate flexibility in the presence of asymmetric national shocks and nominal price rigidities as an automatic stabilizer and source of disturbances to
Kenneth M. Kletzer
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