Search results for "Future value"

showing 3 items of 3 documents

Money and the natural rate of interest: structural estimates for the United States and the Euro area

2008

We examine the role of money, allowing for three competing environments: the New Keynesian model with separable utility and static money demand; a non-separable utility variant with habit formation; and a version with adjustment costs for holding real balances. The last two variants imply forward-looking behavior of real money balances, as it is optimal for agents to allow their forecast of future interest rates to affect current portfolio decisions. We distinguish between these specifications by conducting a structural econometric analysis for the U.S. and the euro area. FIML estimates confirm the forward-looking character of money demand. Using these estimates we find that, in response to…

Endogenous moneyEconomics and EconometricsControl and OptimizationPresent valueDemand depositjel:E51Applied Mathematicsmedia_common.quotation_subjectClassical dichotomyFuture valueEconometric analysisMonetary economicsjel:E52Money ; Interest ratesMoney natural rate New Keynesian modelsInterest ratemoney; natural rate; New Keynesian modelsFuture interestNew Keynesian economicsEconometricsEconomicsPortfolioNatural (music)Velocity of moneymedia_common
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Survey data and Bayesian analysis: a cost-efficient way to estimate customer equity

2014

We present a Bayesian framework for estimating the customer lifetime value (CLV) and the customer equity (CE) based on the purchasing behavior deducible from the market surveys on customer purchasing behavior. The proposed framework systematically addresses the challenges faced when the future value of customers is estimated based on survey data. The scarcity of the survey data and the sampling variance are countered by utilizing the prior information and quantifying the uncertainty of the CE and CLV estimates by posterior distributions. Furthermore, information on the purchase behavior of the customers of competitors available in the survey data is integrated to the framework. The introduc…

J.1FOS: Computer and information sciencesComputer sciencemedia_common.quotation_subjectEconomics Econometrics and Finance (miscellaneous)G.3Future valueCustomer relationship managementStatistics - ApplicationsScarcityFOS: Economics and businessEconometricscustomer equitysurveyApplications (stat.AP)media_commonMarketingbusiness.industry62N02 62-07 62F15Customer lifetime valueCompetitor analysisBayesian estimationPurchasingbrand switchingCustomer equitySurvey data collectioncustomer lifetime valueQuantitative Finance - General FinancebusinessGeneral Finance (q-fin.GN)G.3; J.1
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Assessing the impact of operating lease capitalization with dynamic Monte Carlo simulation

2019

Abstract The European Commission has recently adopted a new accounting standard for leases that will be implemented in 2019, which requires operating lease contracts to be included in the balance sheet, affecting key ratios, leverage and profitability. We simulate the impact of IFRS 16 using Monte Carlo method, which incorporates the uncertainty of the future value of variables when making predictions. Unlike prior studies based on historical data, our study considers a five-year forecast horizon and, more importantly, contemplates several probable scenarios. Based on the STOXX All Europe 100, our results confirm that, in 2019, liability maturity, liquidity and return on assets will decreas…

MarketingReturn on assetsEconomia internacional05 social sciencesComptabilitatFuture valueOperating leaseMarket liquidityReturn on equity0502 economics and businessEconomicsEconometricsmedia_common.cataloged_instance050211 marketingBalance sheetIFRS 16European union050203 business & managementmedia_common
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