Financial System Performance and Inflation in Iran: Some Stylized Facts

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...

A Minimal Model of Financial Stylized Facts

Price Setting in Iran: Some Stylized Facts from CPI Micro Data

Understanding the degree of price stickiness and the nature of price setting is necessary for analyzing the effects of monetary policy on economy. To the best of our knowledge, no comprehensive study has examined the degree of price stickiness in Iran yet. For this reason, we examine the basic features of retail price setting behavior using a large data set containing the micro data underly...

Dynamics on/in financial markets: dynamical decoupling and stylized facts

Stylized facts can be regarded as constraints for any modeling attempt of price dynamics on a financial market, in that an empirically reasonable model has to reproduce these stylized facts at least qualitatively. The dynamics of market prices is modeled on a macro-level as the result of the dynamic coupling of two dynamical components. The degree of their dynamical decoupling is shown to have ...

Agent-based Financial Markets: Matching Stylized Facts With Style

Empirical facts from financial data pose some of the most difficult puzzles for equilibrium macroeconomic modeling. Features such as volatility, excess kurtosis, and conditional heteroscedasticity are not easily replicated by any single representative agent model. Most agent-based financial markets are able to match a good subset of these features quite easily. This paper will summarize some of...

Telework Configurations and Labour Productivity: Some Stylized Facts

The development of information and communication technologies has led to the rise of new working forms in firms, some of which are temporally and spatially dispersed, such as telework practices. However, ‘telework’ is a broad concept, including different forms of remote work as well as diverse reasons and performance implications for the separation of work from ...