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1 - 10 van 26 voor excess volatility
Microsoft Word - Holland 110111
... output decline, cf. figure 4. there has thus been some excess volatility figure 4 actual and predicted employment, 1991.4 2010. ... figure 16 labour market volatility and persistence note persistence is the autocorrelation for unemployment over the period 19702007. volatility is the ... nzl nor por spa swe ch tur uk usa persistence volatility unemployment volatility and persistence aut bel can che ger spa ...
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Microsoft Word - voorblad.docx
... volatility'). bubbles are costly because they lead to a misallocation of capital and increase the probability of a financial crisis as they collapse at some point in time. excess volatility is costly to society, because it raises firms' cost of investment and increases the probability of a financial crisis. a financial transaction tax has been claimed to reduce excess volatility ...
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Microsoft Word - publicaties Ed W. 24012013.doc
... , imperfect competition, and endogenous growth, trace discussion paper 93-256, 1993, tinbergen instituut, amsterdam-rotterdam. excess volatility of stock prices and capital income taxation, trace discussion paper 93-167, 1993, tinbergen instituut ...
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Microsoft Word - publicaties Ed W. 13082012.doc
... , imperfect competition, and endogenous growth, trace discussion paper 93-256, 1993, tinbergen instituut, amsterdam-rotterdam. excess volatility of stock prices and capital income taxation, trace discussion paper 93-167, 1993, tinbergen instituut ...
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discounting investments mitigation and adaptation pdf
... by both changing the expected rates of return, the volatility of production in each of the n sectors as well as the volatility in temperature itself. in the model, abatement is represented ... the production processes and the contingent claim. expected changes in wealth are determined by the excess production processes and the contingent claim plus the risk free return minus (the flow of ...
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dp175 systemic risk across sectors pdf
... short horizon and depends on regional interest rates, exchange rate changes, and conditional stock return volatility. slijkerman et al. (2005) find with a bivariate evt approach that the ten largest ... average larger than banks. the normal distribution is inappropriate to model the returns since excess kurtosis is detected in all considered sectors. banks and insurance companies are less sensitive ...
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Microsoft PowerPoint - economics_financial_crisis.ppt
... you so poor? fire prevention analogy economicsandfinancialcrisis amsterdam 6 oct 2010 stock market volatility volatiliteit s p economicsandfinancialcrisis amsterdam 6 oct 2010 5. forcecasting crisis did ... do not blame shareholders popular game bashing shareholders private equity spinkhanen managers complaint excess openness of dutch corporations strive back to '80ties, at the expense of ' ...
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Microsoft Word - CPB rapport 23feb04.doc
... these factors, the spot price of the brent has shown great volatility, with a monthly average price ranging between 10 and 33 dollars ... any time. the demand for electricity shows, however, a large volatility from hour to hour, from day to day and from season ... externality is that profit-maximising firms probably do not invest in excess production capacity, which will rarely be used (helm, et al., 1988 ...
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intergenerational risk sharing pdf
... elasticity ( ), the preference parameter for leisure (), the equity premium ( ), the standard deviation of the excess return () and the coefficient of relative risk aversion (). the findings are shown in table ... percentage of labour income. at the same time, an increase in also increases the volatility of the intergenerational payments, which widens the gap between the income-equivalent variation in ...
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W:\nl\pub\...\bijz47.wp [PFP#730146961]
... difference between the two) remained close to zero. later (around 1960), the patterns show much volatility, explained by the first world war (refugees) and the second world war (deportations), while from ... the year 1999, the net income of households of non-western immigrants was just in excess of 75 percent of the national average. the netherlands (cbs, 2002b). the result is not ...
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