International journal of economic research最新文献_第5页

Ist das Angebot von Nahrungsmitteln "Ohne Gentechnik" wirtschaftlich nachhaltig? “没有基因工程”的食品供应是否经济可持续?

International journal of economic research Pub Date : 2012-10-01 DOI: 10.3790/VJH.81.4.93

T. Venus, Nicholas Kalaitzandonakes, J. Wesseler

引用次数: 5

The Fed's Re-Programming Strategy to Re-Energize the U.S. Economy During the Great Recession 美联储在大衰退期间重振美国经济的重新规划战略

International journal of economic research Pub Date : 2012-08-01 DOI: 10.17256/JER.2012.17.2.003

Osama D. Sweidan, M. Raj, Hamid Uddin

{"title":"The Fed's Re-Programming Strategy to Re-Energize the U.S. Economy During the Great Recession","authors":"Osama D. Sweidan, M. Raj, Hamid Uddin","doi":"10.17256/JER.2012.17.2.003","DOIUrl":"https://doi.org/10.17256/JER.2012.17.2.003","url":null,"abstract":"The main goal of the Fed’s unconventional monetary policy is to decrease the spread between the interest rate on government securities and the firms’borrowing cost to maintain these firms. As a result, zero lower bound interest rate is adopted. Thus, this paper seeks to introduce an analysis to the Feds’ reactions and procedures to counter the great recession of 2007-2008 in an economic model which contains the mechanism of zero lower bound. The paper utilizes a backward-looking model to achieve its goal. The paper shows that within the context of zero lower bound mechanism the relationship between the inflation rate and real GDP is unstable. At the same time, when the level of macroeconomic indictors’ are set-up at zero level, the main engine to push the economy forward is the monetary policy shocks As a result, the paper concludes that in such circumstances aggressive measures and reactions are a necessary procedure to prevent the economy from falling into a deflationary trap. Moreover, the paper introduces a scenario of how the economy can get out of the great recession within the paper’s model. Besides, the paper illustrates that the remedy process is an accurate and sensitive step to the reactions in the economy.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"34 1","pages":"159-187"},"PeriodicalIF":0.0,"publicationDate":"2012-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79439555","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Leveraged Buy Out: Does the Arrival of New Targets Increase the Agents' Incentives? 杠杆收购:新目标的到来是否增加了代理人的激励?

International journal of economic research Pub Date : 2012-08-01 DOI: 10.17256/JER.2012.17.2.001

O. Yousfi

引用次数: 4

Two Faces of Comprehensive Information Technology, Knowledge Acquisition, and Polarized Wage Structure 综合信息技术的两面性、知识获取与极化的工资结构

International journal of economic research Pub Date : 2012-08-01 DOI: 10.17256/JER.2012.17.2.002

Sung‐min Kim

{"title":"Two Faces of Comprehensive Information Technology, Knowledge Acquisition, and Polarized Wage Structure","authors":"Sung‐min Kim","doi":"10.17256/JER.2012.17.2.002","DOIUrl":"https://doi.org/10.17256/JER.2012.17.2.002","url":null,"abstract":"Garicano (2000) and Garicano and Rossi-Hansberg (2006) distinguish comprehensive information technology advances between information technology advances and communication technology advances, both of which have qualitatively different characteristics. Based on this distinction, this paper shows that, first, decreasing knowledge acquisition costs, due to advances in information technology, raise wage differentials between problem solvers and production workers and within-group wage differentials. Second, cheaper communication costs, due to communication technology advances, increase wage inequality between problem solvers and production workers and within-group wage inequality for problem solvers, but decrease within-group wage inequality for production workers. These heterogeneous impacts of information and communication technology advances on between-group wage inequality and on within-group wage inequality would provide a rationale for a wage polarization pattern in the recent U.S. labor market in which there is an increasing wage inequality in the upper-tail of wage distribution and a decreasing wage inequality in the lowertail of wage distribution.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"81 1","pages":"139-158"},"PeriodicalIF":0.0,"publicationDate":"2012-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77472881","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Large Games with a Finite Number of Classes and Nash’s ‘Improved’ Proof 类数有限的大型博弈和Nash的“改进”证明

International journal of economic research Pub Date : 2012-08-01 DOI: 10.17256/JER.2012.17.2.004

S. Kim

引用次数: 2

Self-Control and Provision of Education Subsidies 自我控制与提供教育补贴

International journal of economic research Pub Date : 2012-05-01 DOI: 10.17256/JER.2012.17.1.004

Soohyung Lee

引用次数: 1

Predicting TV Audience of International Sporting Events in Korea 预测国际体育赛事在韩国的电视观众

International journal of economic research Pub Date : 2012-05-01 DOI: 10.17256/JER.2012.17.1.005

Nayoung Kim, Yungsan Kim

引用次数: 9

Extreme Spillover Effects of Volatility Indices 波动性指数的极端溢出效应

International journal of economic research Pub Date : 2012-05-01 DOI: 10.17256/JER.2012.17.1.001

Yue Peng, W. Ng

引用次数: 4

A General Framework for Asset Pricing 资产定价的一般框架

International journal of economic research Pub Date : 2012-05-01 DOI: 10.17256/JER.2012.17.1.002

S. Cho

{"title":"A General Framework for Asset Pricing","authors":"S. Cho","doi":"10.17256/JER.2012.17.1.002","DOIUrl":"https://doi.org/10.17256/JER.2012.17.1.002","url":null,"abstract":"Gerber and Shiu (1994) and Henne and Reichling (2006) have independently derived similar stochastic discount factor asset pricing principles in justifying their arguments regarding asset pricing. In this paper, we show that if we slightly modify the two principles, they reach the same asset pricing principle. To be speci fic, in deriving their pricing principles, both Gerber and Shiu (1994) and Henne and Reichling (2006) deal with the case of a single risk-free asset and a single risky asset for which Gerber and Shiu (1994) further assume a financial derivative. Here, we simply extend their logic to portfolios of the entire capital market, in line with the portfolio theory by Markowitz (1952, 1956, 1959), Sharpe (1964), Lintner (1965), and Mossin (1966), to make the two principles converge to each other. And based on the converged version of the pricing principles, we show that the capital asset pricing model by Sharpe (1964), Lintner (1965), and Mossin (1966), the capital asset pricing model with time-dependent beta by Henne and Reichling (2006), the arbitrage pricing theory by Ross (1976), the Gerber-Shiu model by Gerber and Shiu (1994) (a generalization of the Black-Scholes model by Black and Scholes (1973) and Merton (1973b)), and the Esscher insurance premium pricing principle by Buhlmann (1980) can all be derived under a unified pricing principle.","PeriodicalId":90860,"journal":{"name":"International journal of economic research","volume":"41 1","pages":"19-48"},"PeriodicalIF":0.0,"publicationDate":"2012-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75710630","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Natural Rate of Unemployment and the Flexibility of the Labor Markets 自然失业率与劳动力市场的灵活性

International journal of economic research Pub Date : 2012-05-01 DOI: 10.17256/JER.2012.17.1.003

F. Macit

引用次数: 2