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Economic conditions and confidence: Do changes in the consumption level affect the dynamics of confidence?

Vaillant, Nicolas; Flambard, Véronique - In: Economics Bulletin 34 (2014) 4, pp. 2427-2435

People are consumers and voters. Their sentiment about the economy and the competence of their leaders determine their confidence level. This research note investigates whether economic conditions measured by changes in the recent consumption level modify the dynamics of confidence formation....

Persistent link: https://www.econbiz.de/10011103384

Nonlinear ARDL Approach and the Demand for Money in Iran

Bahmani-Oskooee, Mohsen; Bahmani, Sahar - In: Economics Bulletin 35 (2015) 1, pp. 381-391

To account for currency substitution, most studies today include exchange rate as a determinant of the demand for money, in addition to income and interest rate. This tradition goes back to Robert Mundell who introduced this notion in 1963. In this paper, we demonstrate that the failure to find...

Persistent link: https://www.econbiz.de/10011199641

Inflation forecasting and the distribution of price changes

Rather, Sartaj Rasool; Paul, Sunil; Durai, S. Raja Sethu - In: Economics Bulletin 35 (2015) 1, pp. 226-232

This study shows that replacing the traditional measure of asymmetry that is skewness in the inflation forecasting … model with an alternative asymmetry measure that captures the joint influence of both skewness and variance on inflation … measure of asymmetry in inflation forecast model as it has edge over simple measure of skewness in predicting inflation. These …

Persistent link: https://www.econbiz.de/10011199648

Economic conditions and confidence: Do changes in the consumption level affect the dynamics of confidence?

Vaillant, Nicolas; Flambard, Véronique - In: Economics Bulletin 35 (2015) 1, pp. 21-29

Persistent link: https://www.econbiz.de/10011199656

Aggressive Bidding of Weak Bidders in All-Pay Auction

Minchuk, Yizhaq - In: Economics Bulletin 34 (2014) 3, pp. 1665-1668

We study an asymmetric all-pay auction with a general utility function. We show that high-type bidders in all-pay auction with lower density, are bidding more aggressively than bidders with higher density. This result is contradictory to the result in Parreiras and Rubinchik (2010) on aggressive...

Persistent link: https://www.econbiz.de/10010812359

Do Exchange Rate Changes have Symmetric Effect on the S-Curve?

Bahmani-oskooee, Mohsen; Fariditavana, Hadise - In: Economics Bulletin 34 (2014) 1, pp. 164-173

The S-Curve hypothesis postulates that while the cross-correlation between the current exchange rate and future values of the trade balance could be positive, the same correlation between the current exchange rate and past values of the trade balance could be negative. In this paper we decompose...

Persistent link: https://www.econbiz.de/10010835914

Low and High Types of Bidders in Asymmetric Auctions with A General Utility Function

Minchuk, Yizhaq - In: Economics Bulletin 33 (2013) 2, pp. 1328-1332

We study asymmetric first-price auctions with n bidders. We expand the results of Fibich et al. (2002) for asymmetric first-price auctions to a general utility function. We show that for low type bidders, the equality of equilibrium bids with symmetric, uniform distribution bids holds for the...

Persistent link: https://www.econbiz.de/10010836225

Note on a generalized wage rigidity result

Mukherjee, Arijit - In: Economics Bulletin 10 (2007) 12, pp. 1-9

Considering Cournot competition, this note shows that, if the firms differ in labor productivities, the equilibrium wage rates under a centralized labor union are not independent of the number of firms and product differentiation if the labor union charges a uniform wage rate. However, if the...

Persistent link: https://www.econbiz.de/10005094740

Asymmetric cycles in unobserved components models

Cuaresma, Jesus Crespo - In: Economics Bulletin 5 (2003) 3, pp. 1-9

for asymmetry in economic time series. The asymmetric cycle is defined as a sine-cosine wave where the frequency of the …

Persistent link: https://www.econbiz.de/10005181956

The fractional integrated bi- parameter smooth transition autoregressive model

Montasser, Ghassen El; Ajmi, Ahdi Noomen - In: Economics Bulletin 32 (2012) 1, pp. 755-765

This paper introduces the fractionally integrated Bi-parameter smooth transition autoregressive model (FI-BSTAR model) as an extension of BSTAR model proposed by Siliverstovs (2005) and the fractionally integrated STAR model (FI-STAR model) proposed by van Dijk et al. (2002). Our FI-BSTAR model...

Persistent link: https://www.econbiz.de/10009651205