Category Archives: TEL

Theoretical Economics Letters

The Unemployment Volatility Puzzle: A Note on the Role of Reference Points

by scirp Posted on February 13, 2015

Author(s)： Vincent Boitier Abstract This theoretical note aims at studying the role of reference points in generating unemployment volatility. For this purpose, I introduce the notion of reference points in a standard Mortensen- Pissarides model. I obtain two results. First, I find … Continue reading →

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Disequilibrium Pricing—Greek Euro Crisis

by scirp Posted on December 22, 2014

Author：Frederick Betz ABSTRACT Financial instability in Greece began in 2009 when the interest rates on Greek sovereign bonds surged; and this can be graphed in a “price disequilibrium” model. To explain how this came about, we create a systems-dynamics model … Continue reading →

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Measuring the Severity of a Banking Crisis and Finding Its Associated Factors: How Are the Factors Different for Simple and Severe Banking Crises?

by scirp Posted on December 16, 2014

Author(s)：Anichul Hoque Khan, Hasnat Dewan ABSTRACT This study measures the severity of a banking crisis by using its duration and the cost. Using this new methodology, we find that the factors associated with a severe banking crisis are not quite … Continue reading →

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Analysis of the Effect of Index Futures on Stock Market with a New Fama-French 3-Factor Model

by scirp Posted on November 21, 2014

Author(s)： Xinyue Bei1, Yanjia Yang2, Liuling Li3, Bruce Mizrach4 ABSTRACT In this paper, the effect of Index Futures on stock market is studied. A new model, which is based on the 3-factor model in Fama and French (1993), the EGARCH-type … Continue reading →

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A Model of Room Rentals in a Seasonal Hotel Illustrating Monopolistic Competition

by scirp Posted on July 10, 2014

Author：Gerald Aranoff A short article about my paper: “A Model of Room Rentals in a Seasonal Hotel Illustrating Monopolistic Competition” published in Theoretical Economics Letters Volume 4 number 2, pages 139-145 by Gerald Aranoff. July 9, 2014 We illustrate monopolist … Continue reading →

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Valuation of Certificates on a Straddle with Forward Start—Theory and Evidence

by scirp Posted on June 9, 2014

Author(s)：Rodrigo Hernandez, Yinying Shao This paper introduces a new financial product named Certificates on a Straddle with Forward Start and provides detailed descriptions of the product specifications. It shows that the payoff of a Certificate on a Straddle with Forward Start … Continue reading →

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