The present study compares exchange rate expectations of "chartists" and "fundamentalists". "Chartists" are those financial market participants who base their forecasts and actions on past price movements of…
Expected Utility theory is not only applied to individual choices but also to social decisions, e.g. in cost-bene t analysis of climate change policy measures that a ect future generations and hence incorporate…
The paper contributes to the analysis of how offshoring has an impact on labor market outcomes in terms of labor income. Special attention is given to the link between offshoring and income risk - an aspect of…
In a linear regression model, specifying the conditional mean of a variable (outcome y) as a linear function of a set of explanatory variables (regressors x ), E(y|x) = xθ, absence of correlation between the…
The change in the business model of venture capitalists from investing locally towards investing across borders started to intensify in the late 1990s. Compared to domestic investments, cross-border investments…
Member countries of a currency union like the euro area have absorbed asymmetric shocks in ways that are inconsistent with a common nominal anchor. Based on a reformulation of the gravity model that allows for…
Local labor markets show strong regional differences in labor outcomes and economic conditions. Regional differences affect the welfare of local populations as well as the effectiveness of local policy…
