In response to cost changes, prices often rise more strongly or quickly than they fall. This phenomenon has attracted attention from economists, policymakers, and the general public for decades. Many assert that it cannot be explained by standard economic theory, and is evidence for “anti-competitive” behaviour by firms. This paper argues against this conventional wisdom; it shows that simple p...

Inflation expectation resulting from the exchange rate increases is one of widely discussed topics in literature. The extent effect pass-through on inflation, and duration impact are essential data that should be considered determining disinflation policies. literature findings show high level rises much faster especially dollarized economies with inflation inertia. On other hand, it has been r...

In this paper we propose, develop, and test a new single-feature evaluator called Significant Proportion of Target Instances (SPTI) to handle the direct-marketing data with the class imbalance problem. The SPTI feature evaluator demonstrates its stability and outstanding performance through empirical experiments in which the real-world customer data of an e-recruitment firm are used. This resea...

This study explains the asymmetric Exchange Rate Pass-Through (ERPT) to inflation in Indonesia, Malaysia, and Philippines, which adopted floating exchange rate after 1998 financial crisis. Our empirical results show existence of long-run ERPT such that there is no full transmission depreciation each country. The highest degree occurred while Philippines (appreciation) not completely transmitted...

We investigated the formation of the aerial image in the double-pass method to measure the optical quality of the human eye. We show theoretically and empirically that the double pass through the eye's optics forces the light distribution in the aerial image to be an even-symmetric function even if the single-pass point-spread function is asymmetric as a result of odd aberrations in the eye. Th...

This paper follows up on recent studies of the Eurozone interest rate pass-through. Using a generalized empirical approach that allows for a variety of different specifications of the pass-through, including asymmetric adjustment, the role of interest rate expectations, proxied by EURIBOR futures, in determining retail banking product pricing is explored. It is shown that the pass-through is fa...