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Effects of external imbalances on GDP recovery patterns
(Elsevier, 2020-03-04)
A decade after the beginning of the Great Recession, flow external imbalances, measured by the current account (CA) have narrowed markedly. However, stock or net foreign assets (NFA) imbalances have kept increasing and ...
Are international environmental policies effective? The case of the Rotterdam and the Stockholm Conventions
(2018-06-30)
This is the first paper to show that participation in an international environmental agreement has some effectiveness. Our identification strategy consists of applying difference-in-differences techniques in a panel data ...
The relationship between the Chinese 'going out' strategy and international trade
(ZBW - Leibniz Information Centre for EconomicsIFW Kiel Institute for the World Economy, 2019-03-11)
This study is the first to estimate a system of simultaneous gravity equations for Chinese
exports, imports and foreign direct investment (FDI) using a sample of 167 countries
over the period 2003–2012. The main results ...
Macroeconomic implications of mortgage loan requirements: an agent-based approach
(Springer, 2019-03)
It is a well-known fact that the housing market, with its associated mortgage securities, plays a crucial role in modern economies. The recent crisis of 2007, triggered by the U.S. real estate bubble, confirms this key ...
Inequality and conflict as drivers of cooperation: the location of wine cooperatives in pre-1936 Spain
(Springer, 2020)
As it is usually believed that cooperatives made a great contribution to the modernisation of agriculture and when they began to spread agriculture still had a great weight in European economies, it is of interest to know ...
Semi-strong efficiency of Bitcoin
(Elsevier, 2018-12)
This research examines the semi-strong efficiency of Bitcoin in the Bitstamp and Mt.Gox markets, showing how the digital currency responds to monetary policy and Bitcoin events. On the one hand, we observe that Bitcoin has ...
When complexity meets finance: A contribution to the study of the macroeconomic effects of complex financial systems
(Elsevier, 2020)
In the last decade, complexity economics has emerged as a powerful approach to the understanding of
the most relevant factors influencing economic development. The concept of economic complexity has
been applied to t ...
Towards Adopting Inflation Targeting: The Credibility and Limitations of Monetary Policy Under The Fixed Exchange System: The Case of Jordan
(Wiley, 2020-05-01)
In this paper the interest rate pass through is examined within its intermediate lag of action to shed light on the credibility of monetary policy in
Jordan, where the reputation of low inflation is imported through a ...
The heaven dictator game: costless taking or giving
(Elsevier, 2019-10)
We present experimental data from the Heaven-Dictator Game, a generalization of the Dictator Game that investigates the overstatement of inequality reduction in the motivation of social preferences. Two players start with ...
Framing and repetition effects on risky choices: A behavioural approach
(Elsevier, 2019-12-17)
Framing effects play an important role in individual decision-making under risk. This investigation revisits framing effects caused by two versions of the choice list procedure, lottery vs. lottery (LL) and lottery vs. ...