Showing 1 - 10 of 90
This paper attacks the Meese-Rogoff (exchange rate disconnect) puzzle from a different perspective: out-of-sample interval forecasting. Most studies in the literature focus on point forecasts. In this paper, we apply Robust Semi-parametric (RS) interval forecasting to a group of Taylor rule...
Persistent link: https://www.econbiz.de/10004993850
This paper attacks the Meese-Rogoff (exchange rate disconnect) puzzle from a different perspective: out-of-sample interval forecasting. Most studies in the literature focus on point forecasts. In this paper, we apply Robust Semi-parametric (RS) interval forecasting to a group of Taylor rule...
Persistent link: https://www.econbiz.de/10005368463
Persistent link: https://www.econbiz.de/10010545897
Trading portfolios at Financial institutions are typically driven by a large number of financial variables. These variables are often correlated with each other and exhibit by time-varying volatilities. We propose a computationally efficient Value-at-Risk (VaR) methodology based on Dynamic...
Persistent link: https://www.econbiz.de/10009001763
This paper proposes a residual based cointegration test with improved power. Based on the idea of Hansen (1995) and Elliott & Jansson (2003) in the unit root testing case, stationary covariates are used to improve the power of the residual based Augmented Dickey Fuller (ADF) test. The asymptotic...
Persistent link: https://www.econbiz.de/10009001765
A quarter-century quest hasn't found the elusive links between economic fundamentals and currency values. ; The U.S. dollar has been losing value against several major currencies this decade. Since 2001-02, the U.S. currency has fallen about 50 percent against the euro, 40 percent against the...
Persistent link: https://www.econbiz.de/10005389789
Two approaches for planning manufacturing strategy, a strategic approach and a paradigmatic approach, are introduced. The key decisions of these two approaches are, respectively, located in the choices of competitive priorities and manufacturing paradigms. Three hypothesis models on the...
Persistent link: https://www.econbiz.de/10005414137
Despite the importance of international trade firms in China’s economic development, there is only limited empirical evidence about how these firms assimilate Internet-based e-business in global supply chain operations. Using the Technology-Organization-Environment framework, this study...
Persistent link: https://www.econbiz.de/10011140368
China’s economic slowdown and changing demographics cloud its housing market’s long-term prospects. While urbanization and a lack of alternative investment opportunities provide short-run support, the housing sector’s difficulties imperil China’s financial sector and the global recovery.
Persistent link: https://www.econbiz.de/10011106119
In accordance with the concept of the agricultural natural disasters formed in China, by means of over 20 years of major disasters occurred panel data of recorded, it defined and measured the rates of disaster reduction and disaster affected, and gives the interpretation of mitigation...
Persistent link: https://www.econbiz.de/10011267344