We present a model linking prices of political binary options to financial assets that applies in the very particular circumstance of the overnight session following an election. Contrary to most of the existing literature, the model is derived from economic first principles and applies in a...

Firms’ market power, measured by markups, has risen substantially and unequally across sectors. To evaluate the implications of these trends for monetary non-neutrality, we develop a quantitative menu cost model that covers multiple sectors with heterogeneous degrees of market competition. Two...

What determines investment is a much analysed policy question all around the world. Growth and previous investments are the primary variable used to analyse current investment. But there is much difference in opinions among economists regarding which policy instrument should be emphasised more...

This paper investigates the potentially time-varying importance of spot and futures markets in the price discovery process of financial assets. For this purpose, we generalize the concept of component shares and information shares to allow for state-dependent relevance of different markets over...

This paper applies fractional integration and cointegration methods to examine respectively the univariate properties of the four main cryptocurrencies in terms of market capitalization (BTC, ETH, USDT, BNB) and of four US stock market indices (S&P500, NASDAQ, Dow Jones and MSCI for emerging...

This paper is aimed to examine the Ethiopian economy using linear symmetric autoregressive distributed lags (ARDL) and non-linear ARDL models over the period 1981-2020. The empirical findings indicate that asymmetric non-linear ARDL model as robust results reveal that there is a unidirectional...

The research work presented is an endeavor establish relationship between spot rate data of USDINR & Currency Future rate USDINR data of MCX. The daily closing data has been collected from RBI website and MCX website to conduct the research work presented. The data has been checked for...