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Dynamics on real estate and emerging markets
Schätz, Alexander - 2009
“Macroeconomic Effects on Emerging Market Sector Indices”. As emerging countries continue to gain in importance for the world economy …
Persistent link: https://www.econbiz.de/10009450173
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The behavioral economics of foreign exchange markets - a psychological view on human expectation formation in foreign exchange markets
Schmidt, Robert - 2004
deal with the usefulness of such simple trend heuristics in real world. Only if simple trend heuristics lead to profits in … Devisenmarkt. Das erste Experiment untersucht die Erwartungsbildung. Hierzu werden die Prognosen von Analysten für den EUR … untersucht. Dieser Ansatz ermöglicht die Untersuchung von Feedbackschleifen auf die Erwartungsbildung, da die Erwartungen des …
Persistent link: https://www.econbiz.de/10009433679
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Reference-Dependent Preferences : Models and Experiments
Tenberge, Maximilian - 2010
In economic situations people form expectations prior to their decisions. These expectations represent a reference point and exert a strong influence on decision making and preferences. This paper surveys the theory of reference-dependent preferences. I will summarize the theoretical framework...
Persistent link: https://www.econbiz.de/10009471596
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Do teams alleviate or exacerbate the extrapolation bias in the stock market?
Barahona, Ricardo; Cassella, Stefano; Jansen, Kristy A. E.
Investigamos la manera en que los equipos influyen en la extrapolación de rentabilidades, un sesgo en la formación de creencias que es generalizado a nivel individual y crucial para los modelos conductuales de valoración de activos. Utilizando una muestra de gestores de fondos de inversión...
Persistent link: https://www.econbiz.de/10014436941
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Small Sample Properties of Certain Cointegration Test Statistics: A Monte Carlo Study
Dhrymes, Phoebus J.; Thomakos, Dimitrios D. - 1997
the Conformity test (CCT) for the existence and rank of cointegration, as given in Johansen (J) (1988), (1991), and the … CCT has very good power characteristics in detecting the rank of cointegration, but it exhibits some size distortions that …
Persistent link: https://www.econbiz.de/10009472581
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Empirical proxies for the consumption–wealth ratio
Whelan, Karl; Rudd, Jeremy - 2006
standard tests fail to reject the hypothesis of no cointegration once one employs measures of consumption, assets, and labor …
Persistent link: https://www.econbiz.de/10009475718
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Real Exchange Rate Misalignment: Prelude to Crisis?
Kemme, David M.; Roy, Saktinil - 2005
A model of the long run equilibrium real exchange rate based upon macroeconomic fundamentals is employed to calculate real exchange rate misalignments for Poland and Russia during the 1990s using the Beveridge and Nelson (1981) decomposition of macrofundamentals into transitory and permanent...
Persistent link: https://www.econbiz.de/10009476782
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Implications of ERM2 for Poland’s Monetary Policy
Orlowski, Lucjan T.; Rybinski, Kryzstof - 2005
employing the Johanssen cointegration tests and the threshold generalized autoregressive heteroscedasticity model with the in …
Persistent link: https://www.econbiz.de/10009476869
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Infrastructure and Growth: Empirical Evidence
Egert, Balazs; Kozluk, Tomasz; Sutherland, Douglas - 2009
Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale, the existence of network externalities competition...
Persistent link: https://www.econbiz.de/10009477383