Does Housing Wealth Make Us Less Equal? The Role of
... good in response to income shocks. The high frequency volatility of durable consumption, and the associated user cost of durables, declines. However, the low frequency movement of the durable good are quite large (i.e. the household makes large changes their durable stock upon hitting the boundary o ...
... good in response to income shocks. The high frequency volatility of durable consumption, and the associated user cost of durables, declines. However, the low frequency movement of the durable good are quite large (i.e. the household makes large changes their durable stock upon hitting the boundary o ...
Low Risk- Hight Propabilities Trading Strategies 1
... Chart: This is the second most important element of the plan. Once an unusual order is confirmed to be an opening order you must then look at the chart of the underlying stock. You need to ask questions. Is the stock in a strong bullish or bearish trend? Is there support or resistance at the strikes ...
... Chart: This is the second most important element of the plan. Once an unusual order is confirmed to be an opening order you must then look at the chart of the underlying stock. You need to ask questions. Is the stock in a strong bullish or bearish trend? Is there support or resistance at the strikes ...
Implied Volatility Sentiment: A Tale of Two Tails
... option market as an indicator for investors’ sentiment. Our sentiment measure, the so-called IV-sentiment, is calculated as the IV of OTM index puts minus the IV of OTM single stock calls. We conjecture that our IV-sentiment measure is an advance on understanding investors’ sentiment because it capt ...
... option market as an indicator for investors’ sentiment. Our sentiment measure, the so-called IV-sentiment, is calculated as the IV of OTM index puts minus the IV of OTM single stock calls. We conjecture that our IV-sentiment measure is an advance on understanding investors’ sentiment because it capt ...
Release 1Q16
... stage in its history, moving into new markets and becoming the only Brazilian company to simultaneously provide bleached pulps from hardwood, softwood and fluff produced in a mill entirely designed for this purpose. The Puma Unit reinforces Klabin’s commitment to the best global sustainability pract ...
... stage in its history, moving into new markets and becoming the only Brazilian company to simultaneously provide bleached pulps from hardwood, softwood and fluff produced in a mill entirely designed for this purpose. The Puma Unit reinforces Klabin’s commitment to the best global sustainability pract ...
Private Placement Financing - Informa Financial Intelligence
... Stock is convertible at $30.00 per share, unless the VWAP of the Company’s Common Shares is below such price, at which point the holder may convert at an alternate price equal to the greater of i) 77.5% of the lowest daily volume weighted average price on any trading day during the 14-consecutive tr ...
... Stock is convertible at $30.00 per share, unless the VWAP of the Company’s Common Shares is below such price, at which point the holder may convert at an alternate price equal to the greater of i) 77.5% of the lowest daily volume weighted average price on any trading day during the 14-consecutive tr ...
Capital Markets Day
... planned expansions, investments, divestments, curtailments or other projects, (c) targeted production volumes and costs, capacities or rates, start-up costs, cost reductions and profit objectives, (d) various expectations about future developments in Hydro’s markets, particularly prices, supply and ...
... planned expansions, investments, divestments, curtailments or other projects, (c) targeted production volumes and costs, capacities or rates, start-up costs, cost reductions and profit objectives, (d) various expectations about future developments in Hydro’s markets, particularly prices, supply and ...
Are European equity markets efficient? New
... are positively correlated, or long-range dependent. The Efficient Market Hypothesis (EMH) is violated for any H ≠ 0.5. An extensive literature examines whether the EMH correctly represents the behavior of stock returns, using fractal analysis. If the EMH is rejected, the FMH provides an alternative a ...
... are positively correlated, or long-range dependent. The Efficient Market Hypothesis (EMH) is violated for any H ≠ 0.5. An extensive literature examines whether the EMH correctly represents the behavior of stock returns, using fractal analysis. If the EMH is rejected, the FMH provides an alternative a ...
Supplementary Material to - University of Notre Dame
... In my model, discount rate news is driven by risk-free rate dynamics, which are in turn driven by innovations in consumption growth. This, together with ψ equaling one, explains why the second terms in the cash flow beta and in the discount rate beta offset each other. The cash flow covariance meas ...
... In my model, discount rate news is driven by risk-free rate dynamics, which are in turn driven by innovations in consumption growth. This, together with ψ equaling one, explains why the second terms in the cash flow beta and in the discount rate beta offset each other. The cash flow covariance meas ...
NBER WORKING PAPER SERIES MEAN REVERSION IN STOCK PRICES: EVIDENCE AND IMPLICATIONS
... Kenneth Singleton, and Mark Watson for helpful comments, and to James Darcel, Matthew Shapiro, and Ian Tonks for data assistance. This research was supported by the National Science Foundation and was conducted while the first author was a Batterymarch Fellow. The research reported here is part of t ...
... Kenneth Singleton, and Mark Watson for helpful comments, and to James Darcel, Matthew Shapiro, and Ian Tonks for data assistance. This research was supported by the National Science Foundation and was conducted while the first author was a Batterymarch Fellow. The research reported here is part of t ...
Gylfason 221994 en
... (Lesotho and Saudi-Arabia). Specifically, Lesotho is omitted because of its extremely low recorded genuine saving rate (-55 percent of GDP), and Saudi-Arabia is omitted because of extreme fluctuations ...
... (Lesotho and Saudi-Arabia). Specifically, Lesotho is omitted because of its extremely low recorded genuine saving rate (-55 percent of GDP), and Saudi-Arabia is omitted because of extreme fluctuations ...
DOC - Investor Relations
... equity and cash flows for the periods presented herein have been prepared by Bel Fuse Inc. (the "Company" or "Bel") and are unaudited. In the opinion of management, all adjustments (consisting solely of normal recurring adjustments) necessary to present fairly the financial position, results of oper ...
... equity and cash flows for the periods presented herein have been prepared by Bel Fuse Inc. (the "Company" or "Bel") and are unaudited. In the opinion of management, all adjustments (consisting solely of normal recurring adjustments) necessary to present fairly the financial position, results of oper ...
NBER WORKING PAPER SERIES ON THE INCEPTION OF RATIONAL Behzad Diba
... must, with probability one, eventually burst. This inference would rule out the possibility of a rational bubble that, with nonzero probability, lasts forever but not the possibility of one that almost surely bursts. The argument developed in the present paper applies to all forms of rational bubble ...
... must, with probability one, eventually burst. This inference would rule out the possibility of a rational bubble that, with nonzero probability, lasts forever but not the possibility of one that almost surely bursts. The argument developed in the present paper applies to all forms of rational bubble ...
Future Equity Patterns and Baby Boomer Retirements
... rate at which labor is converted to goods. As expected, all the conversion rates are related and one of the most important consequences is Equation 3, which defines the price of capital as the reciprocal of the conversion rate of saving into future capital. Abel incorporates a rudimentary central So ...
... rate at which labor is converted to goods. As expected, all the conversion rates are related and one of the most important consequences is Equation 3, which defines the price of capital as the reciprocal of the conversion rate of saving into future capital. Abel incorporates a rudimentary central So ...
Do Chinese Investors Get What They Don`t Pay For? Expense
... Even though many studies mentioned that the funds' performance should be a factor in the determination of the expense ratio, most studies only regarded this idea as a policy suggestion. Just a few empirical analysis on how the fund performance is related to the fund's expense ratio and they don't c ...
... Even though many studies mentioned that the funds' performance should be a factor in the determination of the expense ratio, most studies only regarded this idea as a policy suggestion. Just a few empirical analysis on how the fund performance is related to the fund's expense ratio and they don't c ...
Natural Resources and Economic Growth: The Role of Investment
... experience shows that natural riches are neither necessary nor sufficient for economic prosperity and progress. The world’s richest countries include Hong Kong, Japan, Singapore and Switzerland which do not owe their national wealth to nature and many others, such as the United States and the United ...
... experience shows that natural riches are neither necessary nor sufficient for economic prosperity and progress. The world’s richest countries include Hong Kong, Japan, Singapore and Switzerland which do not owe their national wealth to nature and many others, such as the United States and the United ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... 1933 and Section 21E of the Securities Exchange Act of 1934 (Exchange Act). Forward-looking statements involve numerous risks and uncertainties. Forward-looking statements are not in the present or past tense and, in some cases, can be identified by the use of the words "will," "anticipate," "estima ...
... 1933 and Section 21E of the Securities Exchange Act of 1934 (Exchange Act). Forward-looking statements involve numerous risks and uncertainties. Forward-looking statements are not in the present or past tense and, in some cases, can be identified by the use of the words "will," "anticipate," "estima ...
Reexamining the Role of Heterogeneous Agents in
... such as risk aversion, wealth, and productivity. Nevertheless, large parts of macroeconomic research have traditionally been conducted in the representative agent framework. This is so despite the well-known fact that aggregation holds under very restrictive conditions only. That is to say, typicall ...
... such as risk aversion, wealth, and productivity. Nevertheless, large parts of macroeconomic research have traditionally been conducted in the representative agent framework. This is so despite the well-known fact that aggregation holds under very restrictive conditions only. That is to say, typicall ...