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...

The foremost contribution of this paper is to explicitly consider the role of asymmetry in studying the nexus between FDI shocks and real GDP across seven selected countries of Asia. To accomplish this contribution, the nonlinear autoregressive distributed lag (NARDL) and generalized impulse...

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...

This paper investigates whether gold and silver can be considered safe havens by examining their long-run linkages with 22 stock price indices. More specifically, the stochastic properties of the differential between gold/silver prices and 22 stock indices are analysed applying fractional...

This paper is an innovative attempt to empirically investigate the determinants of crude oil prices. The main objective is to distinguish between short- and long-term effects of some covariates on oil prices. The autoregressive distributed lag (ARDL) approach is applied to daily series spanning...