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Rapport mondial sur les salaires 2010/11 : politiques salariales en temps de crise
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ISBN: 9789222236213 Year: 2010 Publisher: Genève Bureau international du Travail

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De juiste prijs in de laatmiddeleeuwse stad : een onderzoek naar middeleeuwse economische ethiek op de ambachtelijke markt en in moralistische lekenliteratuur
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ISBN: 1283259850 9786613259851 9048521416 9789048521418 9789052603667 9052603669 9781283259859 6613259853 Year: 2010 Publisher: Amsterdam : Aksant,

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Lange tijd werd het zo voorgesteld dat middeleeuwse kooplieden verdoemd waren omdat zij winst nastreefden. Pas met de Italiaanse Renaissance en het protestantisme zou er bevrijding gekomen zijn en zou men volop winst hebben mogen maken zonder zich schuldig te moeten voelen. In werkelijkheid hadden theologen al tijdens de volle middeleeuwen alles in het werk gesteld om de rol van handelaars positief te herwaarderen en het winststreven uit de sfeer van het turpe lucrum te halen. Voorwaarde was enkel dat er eerlijke prijzen tot stand kwamen die - bij afwezigheid van bedrog en marktmanipulatie - w


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Price Setting in a Model with Production Chains : Evidence from Sectoral Data
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ISBN: 146231841X 1452788383 1282845802 9786612845802 1451982666 Year: 2010 Publisher: Washington, D.C. : International Monetary Fund,

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Reconciling the high frequency of price changes at the micro level and their apparent rigidity at the aggregate level has been the subject of considerable debate in macroeconomics recently. In this paper I show that incorporating production chains in a standard New- Keynesian model replicates two stylized facts about the data. First, sectoral prices respond with significantly different speeds to aggregate shocks. Meanwhile, the responses to sectorspecific shocks are similar. Second, the standard price setting models are unable to quantitatively match the amount of monetary non-neutrality observed in the data. I argue, First, that the input-output linkages in production generate different responses to aggregate shocks across sectors. Second, calibrating this model to the US data can create five times more monetary non-neutrality in response to nominal shocks compared to an equivalent homogeneous economy with intermediate inputs. Finally, the model implies that upstream industries respond faster to aggregate shocks compared to downstream industries. I show that this prediction is supported by the data.


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Statistics of Financial Markets : Exercises and Solutions
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ISBN: 9783642111341 9783642111334 Year: 2010 Publisher: Berlin Heidelberg Springer Berlin Heidelberg

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Practice makes perfect. Therefore the best method of mastering models is working with them. In this book we present a collection of exercises and solutions which can be helpful in the comprehension of Statistics of Financial Markets. The exercises illustrate the theory by discussing practical examples in detail. We provide computational solutions for the problems, which are all calculated using R and Matlab. The corresponding Quantlets - a name we give to these program codes - are provided in this book. They follow the name scheme SFSxyz123 and can be downloaded from the Springer homepage. We have sought to strike a balance between theoretical presentation and practical challenges. The book is divided into three main parts, in which we discuss option pricing, time series analysis and advanced quantitative statistical techniques in finance.

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