Macro Finance
The Role of Bounded Rationality in Macro Finance Affine Term Structure Models
... and finance, researchers have emphasized the im- portance of informational frictions such as rational inattention and a preference for robust- ness to model mis-specification in understanding the actual behavior ...
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Term Structure Dynamics, Macro Finance Factors and Model Uncertainty
... three macro variables of Fed Fund Rate, Inflation and Industrial Production (DL-M); and recursive estimations with three principal components of our whole macro-finance dataset ...three macro ...
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Prediction of Term Structure with Potentially Misspecified Macro Finance Models near the Zero Lower Bound
... the macro-finance term structure modeling, allows researchers to explain the movements in bond yields with a richer economic interpretation and potentially improve the prediction of future bond yields by ...
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An Extended Macro Finance Model with Financial Factors
... Macro-Finance (MF) models explain a substantial part of the yield curve dynamics in function of a limited number of macroeconomic factors. Examples of this MF approach include among others, Ang and Piazzesi ...
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An Extended Macro Finance Model with Financial Factors
... benchmark Macro-Finance model by introducing, next to the standard macroeconomic factors, additional liquidity-related and return forecasting ...non-structural Macro-Finance yield curve models ...
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Study on Teaching Reform of Macro Finance Curriculum: Public Finance, Financial Economics and International Finance
... grounding. Macro and micro economics, political economy, accounting principle, advanced mathematics, prob- ability theory and English are necessary (Li, ...
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Essays on macro finance
... The benchmark endowment-economy framework we adopt is that of Lucas’ (1978) and Mehra and Prescott’s (1985) asset pricing model. While the par simony of our setup keeps the analysis tractable and enables us to prove ...
190
Essays in macro finance
... We solve the model using perturbation methods (see Schmitt-Grohe and Uribe (2004)). We compute a third-order approximate solution 7 of the model around its non-stochastic steady state using the pruning algorithm ...
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Essays In Macro-Finance And Asset Pricing
... We now propose a simple model to capture this refinancing risk effect and examine the impact of (make-whole) callable debt. The model features four periods and firms who invest in the first period. The firms ...
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Essays On Economic Uncertainty And Macro-Finance
... the balance sheet channel: when US volatility gets larger, balance sheet constraint gets tighter in the US, so that its interest rate gets lower but US composite good is expected to depreciate. The usual ...
179
Macro finance VARs and bond risk premia: a caveat
... tional macro-VAR and no-arbitrage term-structure models (Figures 1, 2, 7 and 8), whereby expectations would have remained remarkably stable throughout the whole ...
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A macro finance approach to the term structure of interest rates
... Here I start by calibrating the parameters of the MS-DSGE model. I then analyze how well the model that is based on switching monetary policy regimes is able to replicate the key empirical macro and yield curve ...
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Quantitative Description of Financial Transactions and Risks
... a macro financial model in assumption that it is possible develop econometrics and risk assessments of economic agents in a way required for modeling macro finance on economic ...
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The yield curve and the prediction on the business cycle: a VAR analysis for the European Union
... The analysis according to macro-finance model According to the previous condition [4], we can note that the difference between the nominal long-term and short-term rates is affected by t[r] ...
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Macro moths (Lepidoptera)
... of macro-moth recorded in Ireland, an efficient method was required to reduce this figure to those species most likely to be assessed as falling into one of the IUCN threatened ...
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Finance versus democracy?: theorizing finance in society
... between finance and the state depends on whether states are demo- cratic or captured by ...of finance in the interests of the wider economy and ...of finance. This social democratic regulation of ...
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The eve of critical finance studies
... critical finance studies, come back to what this wide-spread quest for transparency really means; this never ending quest for seeing through finance, as it ...provides finance with the promise of an ...
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Macro actions for structures
... Macro actions allow the planner to step through parts of the search space where it cannot plan effectively. A particu- lar example of this is sequences of actions on structures: the error caused through ...
8
Islamic finance: complement or substitute to conventional finance?
... Islamic finance has the same purpose as conventional finance: the mobilization of financial resources and their allocation to investment projects and that it is not a system based solely on bans and ...
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Macro assembler for mc68000 series
... in the Opcode Table is symbol Table to macro macro string routine symbol to macro NULL value the only field "Pointer only Field THESIS "Address when when Also, 0 Figure value data of ins[r] ...
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