Title:Fuzzy Adaptive Decision-making for Boundedly Rational Traders in Speculative Stock Markets
Author(s):BEKIROS, Stelios D.Date:2010Type of Publication:ArticleAbstract:The development of new models that would enhance predictability for time series with dynamic time-varying, nonlinear features is a major challenge for speculators. Boundedly rational investors called “chartists” use advanced ...
Title:Gender Wage Gap in Expectations and Realizations
Author(s):ICHINO, Andrea; FILIPPIN, AntonioDate:2005Type of Publication:ArticleAbstract:Realized wages are affected by investments and signals concerning productivity, which workers undertake on the basis of expectations on future job prospects. Thus, the gender wage gap is also likely to depend on workers' ...
Title:General-to-Specific or Specific-to-General Modelling? An Opinion on Current Econometric Terminology
Author(s):LUETKEPOHL, HelmutDate:2007Type of Publication:ArticleAbstract:It is argued that what is the dominant approach to analyzing systems of cointegrated variables is not well described as general-to-specific (gets) modelling. The gets approach was developed during the last decades predominantly ...
Title:Getting European Universities into Shape
Author(s):JACOBS, Bas; VAN DER PLOEG, FrederickDate:2006Type of Publication:ArticleAbstract:Most European universities lag behind the best universities in the Anglo-Saxon world. A key challenge is to raise resources per student in Europe to US levels. The Lisbon agenda demands fundamental reform of the European ...
Title:Globalisation and the Spatial Concentration of Production
Author(s):NIEPMANN, Friederike; FELBERMAYR, Gabriel J.Date:2010Type of Publication:ArticleAbstract:(1240) Friederike Niepmann and Gabriel J. Felbermayr In new trade theory (NTT) models, freer trade tends to increase the spatial concentration of industrial production across countries. While nations with large home markets ...
Title:Growth and Employment Effects of Fiscal Regimes
Author(s):ROEGER, Werner; DE FIORE, FiorellaDate:1999Type of Publication:ArticleAbstract:This paper presents an endogenous growth model with firms exhibiting external or internal increasing returns. Firms are either perfectly or monopolistically competitive. The paper extends fiscal policy results, to cases ...
Title:Growth, Human-Capital Spillovers and International-Policy Coordination
Author(s):BLACKBURN, Keith; RAVN, Morten O.Date:1993Type of Publication:ArticleAbstract:The paper is concerned with public policy and economic development in a world of interdependent economies. Its objective is to show how the international coordination of economic policy is a means of promoting growth across ...
Title:Guide to reform of higher education: a European perspective
Author(s):JACOBS, Bas; VAN DER PLOEG, FrederickDate:2006Type of Publication:ArticleAbstract:Although there are exceptions, most European universities and institutions of higher education find it difficult to compete with the best universities in the Anglo-Saxon world. Despite the Bologna Agreement and the ambitions ...
Title:Hierarchies of Conditional Beliefs and Interactive Epistemology in Dynamic Games
Author(s):BATTIGALLI, Pierpaolo; SINISCALCHI, MarcianoDate:1999Type of Publication:ArticleAbstract:The epistemic analysis of solution concepts for dynamic games involves statements about the players' beliefs conditional upon different histories of play, their conditional beliefs about each other's conditional beliefs, ...
Title:High exchange-rate volatility and low pass-through
Author(s):CORSETTI, Giancarlo; DEDOLA, Luca; LEDUC, SylvainDate:2008Type of Publication:ArticleAbstract:Two specifications of an open-economy model are shown to generate high exchange-rate volatility and low exchange-rate pass-through (ERPT). In the model, price discrimination causes ERPT to be incomplete in both the short ...
Title:Horizontal Equity
Author(s):GALBIATI, Roberto; VERTOVA, PietroDate:2008Type of Publication:ArticleAbstract:The principle of horizontal equity (HE) is considered as a basic principle to follow in order to design and evaluate a redistributive policy. However, the theoretical debate has not yet clarified what exactly horizontal ...