منابع مشابه
The Law of One Price and the Cointegration of Meat Price in The Global Market: The Case of Iran’s Market
In view of the importance of the meat imports and the exports of meat in Iran, this study focuses on the status of the global market of meat imports the unit price test in these markets between the years 1961 and 2011 using the market cointegration approach. The results of this study are indicative of prices co-integration in the international market of meat as well as among such major importer...
متن کاملAsset Price Bubbles and the Case for Asset-Based Reserve Requirements
Challenge/May–June 2003 1 THOMAS PALLEY is director of the Globalization Reform Project at the Open Society Institute in Washington, DC. This paper was presented at a session of the Association for Evolutionary Economics held as part of the Allied Social Science Association meetings in Washington, DC, January 3–5, 2003. The views expressed in this paper are those of the author and not those of ...
متن کاملThe Macroeconomic Effects of Asset Price Shocks in a Globalized Financial Market
This paper studies a model where shocks to asset prices affect the real sector of the economy through a credit channel. As financial markets become internationally integrated, the economy becomes less vulnerable to domestic asset price shocks, but more vulnerable to foreign asset price shocks. To the extent that monetary policy stabilization is feasible and desirable, the globalization of finan...
متن کاملPareto improving price regulation when the asset market is incomplete 123
2 The research of Herings was made possible by a fellowship of the Royal Nether-lands Academy of Arts and Sciences and a grant of the Netherlands Organization for Scientific Research (NWO); while this paper was being written, he enjoyed the generous hospitality of the Cowles Foundation. 3 John Geanakoplos and Hamid Sabourian asked questions that clarified a number of points in earlier drafts of...
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2022
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.4110345