5 articles in this issue
Theodore Panagiotidis
A short presentation and description of the papers that have been selected from the 1stInternational Conference in Applied Theory, Macroeconomics and Empirical Finance(AMEF) that took place in in the Department of Economics,
Mustafa Caglayan, Ozge Kandemir Kocaaslan, Konstantinos Mouratidis
In this paper, we propose an analytical framework to explore the level and volatility effects of inflation on the output gap. Using quarterly US data over 1977:q2-2009:q4, we then examine the empirical implications of the model by implementing an instrume... see more
Ansgar H. Belke, Matthias Göcke, Laura Werner
This paper surveys export hysteresis on a micro (firm) level and an aggregate level if sunk adjustment costs matter for export market entry and exit decisions. Furthermore, the impacts of option-to-wait effects due to uncertainty on the aggregation proced... see more
Konstantinos Drakos, Nicholas Giannakopoulos, Panagiotis Theodore Konstantinou
Performance persistence in the US mutual fund market is investigated, modeling risk-adjusted performance as a Markov Chain. This allows us to explore whether there is a higher probability for funds to remain in their initial ranking, compared to the proba... see more
Darius Martin, Yongli Zhang
We develop a macroeconomic framework to estimate the importance of fluctuations in relative ability in accounting for trends in the college premium in the United States since 1965. The theoretical scaffolding is a heterogeneous agent model with two dimens... see more