From the Samuelson Volatility Effect to a Samuelson Correlation Effect: Evidence from Crude Oil Calendar Spread Options
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چکیده
منابع مشابه
Balassa-Samuelson Effect in the CEECs?
This paper offers a detailed assessment of the Balassa-Samuelson (BS) effect in eight Central and Eastern European countries (CEEC8). Several features distinguish this study from others: First, we investigate a variety of specifications of extended models. Nonhomogeneity of wages, deviations from PPP in tradables and demand side variables are found to importantly contribute to explain inflation...
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15 صفحه اولThe Price of Development: the Penn-Balassa-Samuelson effect revisited∗
The Penn-Balassa-Samuelson effect is the stylized fact about the positive correlation between cross-country price level and per-capita income. This paper provides evidence that the price-income relation is actually non-linear and turns negative among low income countries. The result is robust along both cross-section and panel dimensions. Additional robustness checks show that biases in PPP est...
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chapter i provides an overview of structural linguistics and touches upon the saussurean dichotomies with the final goal of exploring their relevance to the stylistic studies of literature. to provide evidence for the singificance of the study, chapter ii deals with the controversial issue of linguistics and literature, and presents opposing views which, at the same time, have been central to t...
15 صفحه اولCan the Stolper-Samuelson Theorem explain relative wage movements? Evidence from Mexico
Rising wage inequality and increasing international trade have renewed interest in the empirical relevance of the Stolper-Samuelson theorem. Although a brilliant theoretical accomplishment, the Stolper-Samuelson theorem has received little empirical support. U.S. studies have generated mixed results partially because prices are endogenous in a large country. This paper examines the link between...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2501931