Showing 1 - 10 of 50
Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar …
Persistent link: https://www.econbiz.de/10010301326
A transactions model of the demand for multiple media of exchange is developed. Some results are expected, and others are both new and surprising. There are both extensive and intensive margins to currency substitution, and inflation may affect the two margins differently, leading to subtle...
Persistent link: https://www.econbiz.de/10010298619
Agreement is developing among agricultural scientists on the emerging inability of agriculture to meet growing global food demands. Changes in trends of weather conditions projected by global climate models will challenge physiological limits of crops and exacerbate the global food challenge by...
Persistent link: https://www.econbiz.de/10010317974
This paper investigates the effects of offshoring on individual job satisfaction and perceived risk of job loss. The … workers in industries with higher offshoring intensity report lower job satisfaction and/or are more prone to be unsecure at … offshoring is associated with lower job satisfaction. The results are also indicative of some heterogeneity in the offshoring …
Persistent link: https://www.econbiz.de/10012252180
This agent-based financial market model is a generalization of the model of Westerhoff (The Use of Agent-Based Financial Market Models to Test the Effectiveness of Regulatory Policies) by traders who are allowed to have different investment horizons as introduced by Demary (Who Does a Currency...
Persistent link: https://www.econbiz.de/10010299955
A practice that has become widespread and widely endorsed is that of evaluating forecasts of financial variability obtained from discrete time models by comparing them with high-frequency ex post estimates (e.g. realised volatility) based on continuous time theory. In explanatory financial...
Persistent link: https://www.econbiz.de/10010332964
The analysis of open macroeconomies typically assumes (implicitly or explicitly) that resource allocation decisions are taken by domestic agents. The Portfolio Theory of Inflation (PTI) developed in this study assumes that some critical allocation decisions are taken by global investors and...
Persistent link: https://www.econbiz.de/10012012434
Estimations of the shadow economies for 145 countries, including developing, transition and highly developed OECD economies over 1999 to 2005 are presented. The average size of the shadow economy (as a percent of "official" GDP) in 2004/05 in 96 developing countries is 36.7%, in 25 transition...
Persistent link: https://www.econbiz.de/10010295292
Regressions and tests performed on data from Transparency International Global Corruption Barometer (GCB) 2004 survey show that personal or household experience of bribery is not a good predictor of perceptions held about corruption among the general population. In contrast, perceptions about...
Persistent link: https://www.econbiz.de/10010295301
Using available annual data of 174 economies since 1957, we examine the similarities and differences of seven international reserve ratios. While individual international reserve ratios display substantial variations across economies, they are associated with an economy?s characteristics...
Persistent link: https://www.econbiz.de/10010295312