Exchange-Rate-Based Stabilization, Durables Consumption, and the Stylized Facts

Stylized Facts of Nominal Exchange Rate Returns

Some Stylized Facts

There are substantial differences between the economies of a Developed Country (DC) and a developing country, more aptly referred to as a Growing Less Developed Country (GDLC). An interesting question in the realm of macroeconomics iswhy the difference occurs between these two types of economies. Which are the features that set a typical DC apart from a typical GLDC? Here, our contention is tha...

Minority Games and stylized facts

The Minority Game is a generic model of competing adaptive agents, which is often believed to be a model of financial markets. We discuss to which extend this is a reasonable statement, and present minimal modifications that make this model reproduce stylized facts. The resulting model shows that without speculators, prices follow random walks, and that they disappear if enough speculators take...

Bibliometrics, Stylized Facts and the Way Ahead

This paper discusses how stylized facts derived from bibliometric studies can be used to build social simulation models of science. Based on a list of six stylized facts of science it illustrates how they can be brought into play to consolidate and direct research. Moreover, it discusses challenges such a stylized facts based approach of modeling science has to solve.

Financial System Performance and Inflation in Iran: Some Stylized Facts

The mutual relationship between financial development, as a multilateral concept, and inflation, as a key indicator of macro-economy is crucial. In this paper, inflation regimes are identified using Markov-Switching approach, and then the finance-inflation mutual relationship is investigated in post-revolution cabinets in Iran (1982-2017). Our findings suggest that there are mutual co-movements...