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Hay evidencia en la literatura sobre episodios de consolidación fiscal que producen efectos expansivos (no keynesianos) (por ejemplo, Alesina y Ardagna, 1998). En este documento replicamos este resultado para un grupo de países de la OCDE asumiendo exogeneidad de la decisión de ajuste fiscal,...
Persistent link: https://www.econbiz.de/10012530326
La incertidumbre del modelo continúa siendo un reto para los investigadores aplicados. En general, al llevar a cabo una investigación empírica hay diferentes modelos/ especificaciones disponibles para estudiar el efecto de interés. Frente a esta situación, la técnica más común es...
Persistent link: https://www.econbiz.de/10012530348
En este trabajo se analiza la dinámica de propagación de las perturbaciones de los ciclos económicos regionales en Europa y se identifican sus principales factores subyacentes. Asimismo, se propone un nuevo método para medir la sincronización variable en el tiempo en muestras pequeñas, que...
Persistent link: https://www.econbiz.de/10012530543
Over the time a large number of reciprocal preferential trade agreements (RTAs) have been concluded among countries. Recently many studies have used gravity equations in order to estimate the effect of RTAs on trade flows between partners. These studies report very different estimates since they...
Persistent link: https://www.econbiz.de/10009443011
Die Arbeit setzt sich mit Unterschieden des geldpolitischen Transmissionsprozesses im Verarbeitenden Gewerbe der Bundesrepublik Deutschland auseinander. Dazu wird der Sektor nach der Systematik der BACH-Datenbank der europäischen Kommission in 10 Branchen eingeteilt. An eine kurze Betrachtung...
Persistent link: https://www.econbiz.de/10009433722
standard and international trade. The estimation results allow us to formulate some interesting policy conclusions. …
Persistent link: https://www.econbiz.de/10009467122
At today's stock markets, most of the trading volume is traded electronically. Thus, also many market participants execute their order flow automatically with the help of trading algorithms. Hence, several important aspects concerning algorithmic trading are discussed. One of the main topics of...
Persistent link: https://www.econbiz.de/10009434653
The essays empirically show the impact of investors speculation and disagreements on the returns and trading volume of securities. The results also shed light on the central issues of price formation and investors’ trading motives in security markets.The first essay investigates whether the...
Persistent link: https://www.econbiz.de/10009455359
In this thesis, I investigate diverse aspects of capital market efficiency in selected emerging markets. In chapter 2, the focus of analysis is on the role of trading volume and capitalisation in the process of information absorption by the stock prices. Empirical analysis is conducted for...
Persistent link: https://www.econbiz.de/10009460740
Doctor of Philosophy
Persistent link: https://www.econbiz.de/10009464081