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Can negative interest rates really affect option pricing? Empirical evidence from an explicitly solvable stochastic volatility model
(Universitat Jaume I. Economics Departament, 2016)
The profound financial crisis generated by the collapse of Lehman Brothers and
the European sovereign debt crisis in 2011 have caused negative values of
government bond yields both in the U.S.A. and in the EURO area. ...
From bond yield to macroeconomic instability: A parsimonious affine model
(Elsevier, 2017-11-01)
We present a hybrid Heston model with a common stochastic volatility to describe government bond yield dynamics. The model is analytically tractable and, therefore, can be efficiently estimated using the maximum likelihood ...
European regional convergence revisited: the role of intangible assets
(Springer Verlag, 2016)
The contributions evaluating convergence across European regions are now numerous and take a wide variety of approaches. However, evidence for the most recent years is still scant, and studies considering the role of ...
Modeling and forecasting the volatility of carbon dioxide emission allowance prices: A review and comparison of modern volatility models
(Elsevier, 2017)
The launch of the markets for carbon dioxide emission allowances was guided by the aim to use the supposedly efficient price formation mechanism of an organized exchange to optimally allocate a certain quantity of emissions ...
Approximation of integration maps of vector measures and limit representations of Banach function spaces
(Polskiej Akademii Nauk, Instytut MatematycznyPolish Academy of Sciences, Institute of Mathematics, 2017)
We study whether or not the integration maps of vector measures can be computed as pointwise limits of their finite rank Radon Nikodym derivatives. The positive cases are obtained by using the circle of ideas related to ...
A technical note on the precise timing of behavioral events in economic experiments
(Elsevier, 2018-08)
The increasing use of physiological recordings in experimental economics requires a precise timing of interesting events, such as the presentation of a set of choices, the decision-making moment and the reception of feedback ...
The analysis of convergence in ecological indicators: An application to the Mediterranean fisheries
(Elsevier, 2017-07)
Ecological indicators are increasingly used to examine the evolution of natural ecosystems and the impacts of human activities. Assessing their trends to develop comparative analyses is essential. We introduce the analysis ...
Peer norm guesses and self-reported attitudes towards performance-related pay
(Public Library of Science, 2017)
Due to a variety of reasons, people see themselves differently from how they see others.
This basic asymmetry has broad consequences. It leads people to judge themselves and
their own behavior differently from how they ...
Adaptive expectations versus rational expectations: Evidence from the lab
(Elsevier, 2017-10)
The aim of the present work is to shed light on the extensive debate about expectations in financial markets. We analyze the behaviors of subjects in an experimental environment in which it is possible to observe expectations ...
La economía del franquismo desde el éxilio en México (1939-1960)
(Universidad Nacional Autónoma de México, 2001)
Este trabajo supone una aproximación a diversos enfoques, dentro del exilio español en México, sobre la economía de su país de origen durante 1939- 1960. Se parte tanto de textos de prensa como de reflexiones más detenidas ...