-to-unity models for the regressor persistence. The main reason is that the near-integrated regressor from the present value model …

information if exchange rates are generated from the present value model with the near unit discount factor and unit root … fundamentals. The main reason is that the present value model generates a large magnitude of a bias in the estimation of the … regression accompanied by a wide distribution of the estimates. On the other hand, the implications of the present value model …

Using Australian capital city data from 1984Q3-2008Q2, this paper utilizes a dynamic present value model within a VAR …

extensive research on stock price data, there is relatively less for house prices. This paper uses a present-value model for …

value model is applied. The central issue is that the so-called historical cost accounting method, which is adopted in … countries. Their generosity is determined on the basis of Samuelson's true economic depreciation. For this purpose, the present …