This study evaluates the reaction of stock prices to monetary policy in Japan during the 1980s. We employ Bayesian estimation of the dynamic stochastic general equilibrium model, revealing the presence of the wealth channel from increased stock prices in Japan. We argue that the Bank of Japan...

This paper presents an analytical model that investigates the dynamics of rent-seeking, innovation, and entry policies in a two-sector economy characterized by skilled and unskilled labor. The model explores how incumbent firms in an intermediate goods sector react to the threat of new entrants...

This study examines the optimization of farm-gate prices in Côte d'Ivoire, particularly in strategic agricultural sectors such as cocoa and coffee. The research adopts a multidimensional approach, incorporating general equilibrium theories, econometric models, and stochastic methods. We analyze...

- My research examines how states can exercise power through oil. What kind of balancing strategies they use to maintain or improve their power. I use quantitative data and the case studies of USA, Japan and USSR/Russia to research the question. - The novelty of my research is enhanced by the...

This paper presents a primer on assessing South Africa’s optimal inflation target and the implications of the economy’s structural characteristics for the conduct of monetary policy. The paper assesses what would need to be done to lower the inflation target without imposing a...

The paper examines nitrous oxide (N₂O) emissions from an Environmental, Social, and Governance (ESG) standpoint with a combination of econometric and machine learning specifications to uncover global trends and policy implications. Results show the overwhelming effect of ESG factors on...

Privacy regulations require that sellers obtain explicit consumer consent before collecting personal data. We formalize this requirement by introducing an anonymous option, which allows consumers to maintain anonymity during transactions. In a repeated-purchase model under limited commitment, we...

South African-born tycoon Elon Musk, the world's richest person, is also a senior advisor to US President Donald Trump and head of the Department of Government Efficiency (DOGE) since 2025Musk’s influence is growing globally, including in sub-Saharan Africa (SSA). Trump's second presidency...

Non-compete agreements (NCAs) restrict employee mobility and often play important roles in startups, such as preventing leakage of intellectual property. In this article, I propose an additional role of NCAs in startups as a potential countermeasure to acquihiring by developing a model of labor...

This paper compares the carbon dioxide equivalent emissions (kgCO2e) produced per kilogram (kg) of lettuce grown using vertical farming versus open-field farming. It demonstrates how the carbon intensity of energy consumption (kgCO2e/kWh) and transportation (kgCO2e/km) affects the carbon...