Outputs (22)

The forward rate premium puzzle: a case of misspecification? (2013)
Journal Article
Hall, S. G., Kenjegaliev, A., Swamy, P. A. V. B., & Tavlas, G. S. (2013). The forward rate premium puzzle: a case of misspecification?. Studies in nonlinear dynamics and econometrics / sponsored by the MIT Press and the Society for Nonlinear Dynamics and Econometrics, 17(3), 265-279. https://doi.org/10.1515/snde-2013-0009

Empirical studies often report a negative relationship between the difference in the spot exchange rate and the forward premium, violating the forward-rate unbiasedness hypothesis. Using standard regression on a sample of ten exchange rates, we obtai... Read More about The forward rate premium puzzle: a case of misspecification?.

Procyclical government spending: a public choice analysis (2013)
Journal Article
Abbott, A., & Jones, P. (2013). Procyclical government spending: a public choice analysis. Public Choice, 154(3-4), 243-258. https://doi.org/10.1007/s11127-011-9816-9

Procyclical government spending occurs when government expenditures increase at a faster rate than income in an economic upturn but fall at a faster rate in a recession. Voracity effects occur when competition for increased spending proves more effec... Read More about Procyclical government spending: a public choice analysis.