Similar Search Results

An attitude of complexity: thirteen essays on the nature and construction of reality under the challenge of Zeno's Paradox

Albers, Scott - 2019

This book is about the construction of reality. The central aim of this study is to understand how gravity works and how it may be focused and manipulated. While I do not have an answer to this question, the discoveries along the way have been worth collecting into a single volume for future...

Persistent link: https://www.econbiz.de/10015263934

The Mean Squared Prediction Error Paradox

Pincheira, Pablo; Hardy, Nicolas - 2021

In this paper, we show that traditional comparisons of Mean Squared Prediction Error (MSPE) between two competing forecasts may be highly controversial. This is so because when some specific conditions of efficiency are not met, the forecast displaying the lowest MSPE will also display the...

Persistent link: https://www.econbiz.de/10015241474

How long does a generation last? Assessing the relationship between infinite and finite horizon dynamic models

Guerrazzi, Marco - 2021

This paper aims at assessing the temporal relationship that exists between the time reference of dynamic models with infinite and finite horizon. Specifically, comparing the optimal inter-temporal plans arising from an infinite-horizon model and a 2-period overlapping generations model in their...

Persistent link: https://www.econbiz.de/10015232676

Two essays on general equilibrium foundation of finance

Siwik, Thomas - 2002

The thesis consists of two essays: "The CAPM -- A General Equilibrium Foundation" and "The Foreign Exchange Rate in … Financial Markets".The Capital Asset Pricing Model (CAPM) is one of the most successful models for portfolio selection. The … advantages are the simple risk measure and the quite applicable properties of CAPM-equilibria: The Mutual Fund Theorem, the Beta …

Persistent link: https://www.econbiz.de/10009452580

The case for higher frequency inflation expectations

Guzman, Giselle C. - 2011

I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused on three survey measures of expected inflation: the...

Persistent link: https://www.econbiz.de/10015230637

Revenue management in resource exchange seller alliances

Chun, So Yeon; Kleywegt, Anton J; Shapiro, Alexander - 2011

The purpose of this paper is to obtain insight into conditions under which a resource exchange alliance can provide greater profit than the setting without an alliance, and to propose a model to design a resource exchange alliance. We first consider a setting in which customers want a combined...

Persistent link: https://www.econbiz.de/10015229216

Forecasting Base Metal Prices with Commodity Currencies

Pincheira, Pablo; Hardy, Nicolas - 2018

In this paper we show that the Chilean exchange rate has the ability to predict the returns of the London Metal Exchange Index and of the six primary non-ferrous metals that are part of the index: aluminum, copper, lead, nickel, tin and zinc. The economic relationship hinges on the present-value...

Persistent link: https://www.econbiz.de/10015258752

Decomposing the Effects of Economic Policies on Poverty Trends in Cameroon: A Double Calibration Micro Simulated General Equilibrium Analysis

Emini, Christian Arnault; Kanmi Feunou, Dorine - 2008

This paper aims at bringing out the determinants of the significant poverty alleviation observed in Cameroon between 1993 and 2001. It focuses on the decomposition of poverty and growth changes, in order to assess the intrinsic contribution of each major economic policy implemented in Cameroon...

Persistent link: https://www.econbiz.de/10015216608

Liberalization of trade in services: A CGE analysis for Argentina, Brazil and Uruguay

Chisari, Omar O.; Maquieyra, Javier; Romero, Carlos A. - 2009

In this paper we use two computable general equilibrium models to evaluate gains of liberalization of trade in services for Argentina, Brazil and Uruguay. We employ two CGE models for the calculations. For the Argentine and Uruguayan cases, we apply a model built by the authors (see Chisari...

Persistent link: https://www.econbiz.de/10015216930

The long run-effects of the Poland's accession to the eurozone. Simulation using POLDYN - a dynamic computable general equilibrium model.

Daras, Tomasz; Hagemejer, Jan - 2008

The aim of this paper is to assess the non-monetary effects of the euro accession of Poland. The literature identifies two channels that potentially may affect the economy: (i) diminishing of investment risk premia through lower interest rates and cost of capital services and (ii) trade creation...

Persistent link: https://www.econbiz.de/10015217173