Path-dependence is a feature of capital markets. In this systematic literature review, we study recent and relevant publications on causality testing in equity markets with the purpose of identifying which causality tests have most widely been used. Our sample consists of 191 journal articles...

Capital markets are path-dependent institutions. We can determine that a causal assessment is required for a most evidence-based analysis of capital market complexity. In this structured literature review, we study recent and relevant publications on causality testing in equity markets with the...

In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro area and the US for five different inflation variables. The picture that emerges is one of moderate inflation persistence across the board. In particular we find euro area...

In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro area and the US for five different inflation variables. The picture that emerges is one of moderate inflation persistence across the board. In particular we find euro area...

This letter investigates the presence of asymmetric dynamics in the behaviour of the current account as emphasized in recent theoretical contributions. We estimate a Markov switching model for long-horizon current account to GDP data for six countries and find substantial asymmetries in the...

This paper carries out another evaluation on a highly debated property of inflation dynamics, namely its persistence. We study inflation dynamics for the United States since 1959 with a time-varying methodology where the intercept, variance and persistence are allowed to vary over time. We...

This paper analyses the interconnectedness between the slope of the Phillips Curve and the degree of trade openness. A micro founded expectations - augmented Phillips Curve for a small open economy illustrates that the slope of the Phillips Curve is negatively related to the degree of trade...

In this paper we report results on inflation persistence using 79 inflation series covering the EU countries, the euro area and the US for five different inflation variables. The picture that emerges is one of moderate inflation persistence across the board. In particular we find euro area...

Stablecoins recently emerged as a solution to mitigate cryptocurrency’s volatility while preserving their advantages. Nowadays, various types of stablecoins with different protocol designs coexist. Whilst “custodial” stablecoins are secured by fiat money locked in funds, “non-custodial"...