This paper examines the presence of asymmetric behavior in exchange rate pass-through (ERPT) to CPI inflation in 12 euro area (EA) countries. Using a class of nonlinear smooth transition models, we test for asymmetry with respect to the direction and the magnitude of exchange rate changes. On...

We assess the nature of the European sovereign crisis in the light of a model borrowed from the second generation of currency crises. We bring the theory to the data to empirically test the presence of self-fulfilling dynamics and to identify what may have driven the market sentiment during this...

The idea of considering regression credibility models originated from Hachemeister. Just like in the case of classical credibility models, we will obtain a credibility solution in the form of a linear combination of the individual estimate (based on the data of a particular state) and the...

Remarkably little is known about the long-term impacts of project aid to lagging poor areas (Chen, Mu et al. 2006, 2008). This paper contributes to the debate about the role of rural transport infrastructure development in explaining the long-term rural development. In line with Grimm and Klasen...

“The road” is anthropologically linked to the history of the human being, and therefore also to the economic history. Specifically, “the road” is important quantitative element as a factor in the opportunity cost in the traffic of goods, commodities and people but also, on a more...

System of panel models are popular models in applied sciences and the question of spatial errors has created the recent demand for spatial system estimation of panel models. Therefore we propose new diagnostic methods to explore if the spatial component will change significantly the outcome of...

This paper examines the presence of non-linear mechanism in the exchange rate pass-through (ERPT) to CPI inflation for 12 euro area (EA) countries. Using smooth transition regression (STR) model, we explore the existence of non-linearities with respect to the inflation environment. We find...

Purpose The purpose of the paper is to suggest effective choices for key decisions when pursuing a programmatic research strategy in management, spirituality and religion (MSR). An example is provided of how the suggestions can be used. Design/methodology/approach Suggestions for research were...