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A Hybrid Multi-population Optimization Algorithm for Global Optimization and Its Application on Stock Market Prediction
Meta-heuristic algorithms are formulated and implemented based on events and occurrences in nature. By creating shortcuts throughout the problem...
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Using Decision Trees to Predict Insolvency in Spanish SMEs: Is Early Warning Possible?
In today’s economic landscape, with its increasingly brief economic cycles and ever-changing market conditions, forecasting has become more critical...
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Exchange Rate Predictability in Finite Samples
The goal of the present study is to re-examine the exchange rate predictability with an approach that accounts for the negative effect of the...
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Great expectations? evidence from Colombia’s exchange rate survey
In this paper, we use the largest exchange rate survey in Colombia to test for the rational expectations hypothesis, the presence of a time-varying...
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Financial Integration and Economic Growth: Portfolio Equity Flows to Sub-Saharan Africa
Financial globalization and the financial crises of recent times have drawn the attention of economists and policy-makers to the macroeconomic...
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Energy and War in the 21st Century
This paper deals with the new model of geo-economic antagonism involving international and peripheral players since the beginning of the 21th...
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Verkehrsökonometrie
Fundierte Kenntnisse über verkehrliche Zusammenhänge und Prozesse sind notwendige Voraussetzung für rationale verkehrspolitischen Entscheidungen....
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Will Markets Direct Investments Under the Kyoto Protocol? Lessons from the Activities Implemented Jointly Pilots
Under the Kyoto Protocol, countries can meet treaty obligations by investing in projects that reduce or sequester greenhouse gases elsewhere. Prior...
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Optimal Exchange Rate Policy Under Unknown Pass-through and Learning With Applications to Korea
The purpose of this analysis is to explore optimal monetary and exchange rate policy in continuous time when there is uncertainty in the exchange...
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Monetary policy before and after the euro: evidence from Greece
We model Greek monetary policy in the 1990s and use our findings to address two interrelated questions. First, how was monetary policy conducted in...
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Evolutionary and Institutional Economics as the New Mainstream?
Mainstream economics has changed radically since the 1980s, offering greatly enhanced opportunities for intervention by evolutionary and...
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On the optimality and sustainability of Turkey’s current account
We analyze Turkey’s current account optimality and sustainability between 1992 and 2004. Using the intertemporal benchmark model for Turkey’s current...
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Accounting contagion: The case of Enron
The Enron scandal offers the opportunity to assess the degree to which misleading accounting can affect connected firms and industry rivals. While...
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Heterogeneous expectations in the foreign exchange market
In this study a regime-switching approach is applied to estimate the chartist and fundamentalist (c&f) exchange rate model originally proposed by...
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The Exchange Rate in the Japanese Economy: The Past, Puzzles, and Prospects
Selected topics in the literature on the exchange rate, in particular the yen, are reviewed from the viewpoint of some academic/practical puzzles. A...
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Economic (dis)integration in the presence of evolutionary learning
We use a two-factor, two-sector model to study the effects of economic integration and its reversal in the presence of input-generated external...
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Multiple Regression Analysis
So far we have considered only one regressor X besides the constant in the regression equation. Economic relationships usually include more than one...
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The Real Exchange Rate and the Output Response in Four Transition Economies: A Panel Data Study
The relationship between the real exchange rate and the level of output is an important and controversial issue for develo** and transitional...
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The UK System of Pension Provision
The UK has a multi-pillar scheme of pension provision: The first pillar, the floor, provides a flat pension, financed largely out of payroll taxes...