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Overpricing persistence in experimental asset markets with intrinsic uncertainty

Sornette, Didier; Andraszewicz, Sandra; Wu, Ke; Murphy, … - 2020

market set-up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known …

Persistent link: https://www.econbiz.de/10012231540

Uncertainty-driven cooperation

Cetemen, Doruk; Hwang, Ilwoo; Kaya, Ayça - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 3, pp. 1023-1058

We consider dynamic team production in the presence of uncertainty. Team members receive interim feedback that depends …

Persistent link: https://www.econbiz.de/10012308721

Assessing macroeconomic uncertainties for an emerging economy

Bicchal, Motilal; Durai S., Raja Sethu - 2020

This study constructs the macroeconomic uncertainty indices for an emerging economy, India, and considers other … macroeconomic uncertainty indices to evaluate their relative effectiveness in terms of tracing the business cycles and finding out … identify different uncertainty channels of aggregate demand and supply. The derived measures of uncertainty are higher around …

Persistent link: https://www.econbiz.de/10012210213

Time-varying interactions between geopolitical risks and renewable energy consumption

Cai, Yifei; Wu, Yanrui - 2020

interactions between geopolitical risk (GPR) and renewable energy consumption growth (RECG). The identification strategy is …

Persistent link: https://www.econbiz.de/10012175499

Measuring global macroeconomic uncertainty

Moramarco, Graziano - 2020

This paper provides new indices of global macroeconomic uncertainty and investigates the cross-country transmission of … uncertainty using a global vector autoregressive (GVAR) model. The indices measure the dispersion of forecasts that results from … parameter uncertainty in the GVAR. Relying on the error correction representation of the model, we distinguish between measures …

Persistent link: https://www.econbiz.de/10012233069

An explicit representation for disappointment aversion and other betweenness preferences

Cerreia-Vioglio, Simone; Dillenberger, David; Ortoleva, … - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 4, pp. 1509-1546

One of the most well-known models of non-expected utility is Gul (1991)'s model of Disappointment Aversion. This model, however, is defined implicitly, as the solution to a functional equation; its explicit utility representation is unknown, which may limit its applicability. We show that an...

Persistent link: https://www.econbiz.de/10012415476

Economic policy uncertainty and investment in Spain

Dejuan-Bitria, Daniel; Ghirelli, Corinna - In: SERIEs : Journal of the Spanish Economic Association 12 (2021) 3, pp. 351-388

The aim of this paper is to investigate the effect of economic policy uncertainty on firms' investment decisions. We … focus on Spain for the period 1998-2014. To measure policy-related uncertainty, we borrow the economic policy uncertainty … (EPU) indicator available for this country. We find strong evidence that uncertainty reduces corporate investment. This …

Persistent link: https://www.econbiz.de/10012612566

Monetary policy uncertainty spillovers in time and frequency domains

Gupta, Rangan; Lau, Chi Keung; Nel, Jacobus A.; Sheng, Xin - In: Journal of economic structures : JES; the official … 9 (2020) 41, pp. 1-30

We use the recently created monthly Interest Rate Uncertainty measure, to investigate monetary policy uncertainty … most consistent net transmitters of monetary policy uncertainty. …

Persistent link: https://www.econbiz.de/10012256519

Dependence structure between Bitcoin and economic policy uncertainty : evidence from time-frequency quantile-dependence methods

Nasreen, Samia; Tiwari, Aviral Kumar; Jiang, Zhuhua; … - In: International Journal of Financial Studies : open … 10 (2022) 3, pp. 1-14

In this study, the dependence between Bitcoin (BTC) and economic policy uncertainty (EPU) of USA and China is estimated …, the findings highlight the diversification benefits of Bitcoin during the period of uncertainty. …

Persistent link: https://www.econbiz.de/10013368334

Symmetric or asymmetric : how is economic growth responding to global economic uncertainty in Africa's oil exporters?

Ogbuabor, Jonathan Emenike; Ogbonna, Oliver E.; … - In: Prague economic papers : a bimonthly journal of … 32 (2023) 4, pp. 446-472

Motivated by the persistent fall in oil prices due to incessant uncertainty-inducing events in recent years, this study … responding asymmetrically to changes in global economic uncertainty as well as uncertainties from U.S., Europe and China using … nonlinear ARDL framework from 1997Q1 to 2021Q4. We find that rising global uncertainty hampers economic growth in these …

Persistent link: https://www.econbiz.de/10014516252