The aim of this article is to investigate the links between semiconductor sales and various macroeconomic, financial, industrial variables including inventories, equipment orders or semiconductor sector stock index. Statistical properties of these variables are studied. Both short-run and...

In this article, we analyse the relationships between unemployment rates and new-firm start-up rates in France. Using a quarterly data basis covering the period 1993 to 2011, we identify, thanks to data analysis methods, different classes that show different types of development among the French...

This article aims to study stock price adjustments towards fundamentals due to the existence of arbitrage costs defined as the sum of transaction costs and a risky arbitrage premium associated with the uncertainty characterizing the fundamentals. Accordingly, it is shown that a two regime Smooth...