Showing 1 - 10 of 21
Despite the inextricable link between oil scarcity and climate change, the interplay between these two issues is paradoxically an underworked area. This article uses a global energy-economy model to address the link between future oil supply and climate change and assesses in a common framework...
Persistent link: https://www.econbiz.de/10010738735
Despite the inextricable link between oil scarcity and climate change, the interplay between these two issues is paradoxically an underworked area. This article uses a global energy-economy model to address the link between future oil supply and climate change and assesses in a common framework...
Persistent link: https://www.econbiz.de/10009647577
horizons. These models are based on different and sometimes competing theoretical concepts. They belong either to GARCH or …
Persistent link: https://www.econbiz.de/10010738497
This paper o¤ers to investigate both the Friedman's and Mishkin's hypotheses on the consequences of inflation on output growth. To this end, we first base these hypotheses in a unified framework. Second, in an empirical work based on OECD countries, we distinguish between short-medium and long...
Persistent link: https://www.econbiz.de/10010738523
nonparametric long run component and a unit multivariate GARCH short run dynamic component. We suggest various kernel …
Persistent link: https://www.econbiz.de/10010898810
: the Logistic Smooth Transition GARCH model and the Markov-Switching GARCH models. Thanks to simulation experiments, we …
Persistent link: https://www.econbiz.de/10010933939
In this paper, we present an alternative to the Black Scholes model for a discrete time economy using GARCH-type models …
Persistent link: https://www.econbiz.de/10010750905
This paper aims to provide a unified theoretical framework of the two hypotheses proposed by Friedman: (i). increased variability of money supply results in the decline of income velocity of money and (ii) high inflation leads high variability of inflation which reduces potential output growth....
Persistent link: https://www.econbiz.de/10009643784
Financial market participants and policy-makers can benefit from a better understanding of how shocks can affect volatility over time. This study assesses the impact of structural changes and outliers on volatility persistence of three crude oil markets - Brent, West Texas Intermediate (WTI) and...
Persistent link: https://www.econbiz.de/10010558719
nonparametric long run component and a unit multivariate GARCH short run dynamic component. We suggest various kernel …
Persistent link: https://www.econbiz.de/10010570529