The study explores the nonlinear linkage between government expenditure and government revenue using quarterly data from the first quarter of 1965 to the second quarter of 2019. Linear models are first deployed to determine the order of integration of the variables, cointegration, granger...

Understanding the Stock Return-Inflation Nexus is a continuing concern among scholars. The main goal of the current study was to critically examine the view that the relation between stock return and inflation is potentially asymmetric. To capture the possibility of dynamic nonlinearity and, in...

Difference-in-difference-in-differences (DiDiD) allow for the correction of unmeasured con-founding and function as a robustness check for difference-in-differences (DiD) techniques. However, this technique is not scale invariant and requires that the outcome variable be measured on units for...

This paper proposes the use of the Brownian distance correlation for feature selection and for conducting a lead-lag analysis of energy time series. Brownian distance correlation determines relationships similar to those identified by the linear Granger causality test, and it also uncovers...

This article investigates the financial convergence between Central and Eastern European (CEE) countries that are members of the European Union (EU). The analysis covers the period 2007–2014, which accounts for the global financial crisis and the sovereign debt crisis. To examine the...

This paper explores the buyer-optimal information structures in a monopolistic screening context with nonlinear production technology. It shows that the buyer's optimal surplus may increase even when the production cost becomes more uncertain or when the efficient surplus decreases. Under a...

Recent empirical studies suggest that the negative effects of uncertainty shocks are stronger in recessions than during booms. In this study, I provide a theoretical mechanism that can explain this empirical observation. I start from the argument that the effect of uncertainty on investment...