Search results for "TSC"
showing 10 items of 320 documents
Domination spaces and factorization of linear and multilinear summing operators
2015
[EN] It is well known that not every summability property for multilinear operators leads to a factorization theorem. In this paper we undertake a detailed study of factorization schemes for summing linear and nonlinear operators. Our aim is to integrate under the same theory a wide family of classes of mappings for which a Pietsch type factorization theorem holds. Our construction includes the cases of absolutely p-summing linear operators, (p, sigma)-absolutely continuous linear operators, factorable strongly p-summing multilinear operators, (p(1), ... , p(n))-dominated multilinear operators and dominated (p(1), ... , p(n); sigma)-continuous multilinear operators.
A rational expectations model for simulation and policy evaluation of the Spanish economy
2010
This paper presents the model used for simulation purposes within the Spanish Ministry of Economic Affairs and Finance. REMS (a Rational Expectations Model for the Spanish economy) is a small open economy dynamic general equilibrium model in the vein of the New-Neoclassical-Keynesian synthesis models, with a strongly micro-founded system of equations. In the long run REMS behaves in accordance with the neoclassical growth model. In the short run, it incorporates nominal, real and financial frictions. Real frictions include adjustment costs in consumption (via habits in consumption and rule-of-thumb households) and investment into physical capital. Due to financial frictions, there is no per…
Finnish vocational education and training in comparison: Strengths and weaknesses
2014
International journal for research in vocational education and training 1 (2014) 2, S. 81-106
Twenty Years of Basic Vocational Education Provision in Spain: Changes and Trends
2015
International journal for research in vocational education and training 2 (2015) 2, S. 137-151
The determinants of increasing equity market comovement: economic or financial integration?
2010
This paper investigates to what extent the substantial increase in exposures of local European equity market returns to global shocks is mainly due to a convergence in cash flows (“economic integration”), to a convergence in discount rates (“financial integration”), or to both. We find that this increased exposure is nearly entirely due to increasing discount-rate betas. This finding is robust to alternative ways of calculating discount-rate and cash-flow shocks.
Livland-Estland-Ausstellung: zur Einführung in die Arbeitsgebiete der Ausstellung
1918
Abteilungen: 1. Landeskunde. 2. Geschichte. 3. Kirche. 4. Schule. 5. Schöne Literatur und Presse. 6. Malerei und Plastik. 7.Bünenwesen und Tonkultur. 8. Gesellschaftliche Kultur in Baltenlande. 9. Land und Forstwirtschaft, Fischerei, Jagd. 10. Städtekunde und Bevölkerungswesen. 11. Handel und Schiffahrt. 12. Eine Jahrhundert Rigascher Industrie.
On measuring speculative and hedging activities in futures markets from volume and open interest data
2010
This paper provides a critical assessment of the line of research that measures speculative and hedging activities in futures markets from volume and open interest data. It makes several contributions. First, a detailed theoretical analysis of the measures proposed in the previous literature as proxies for speculative activity clarifies the circumstances in which they fail, as well as the assumptions that have to be made, when they are used as intended. Second, we propose a new way of combining the volume and the open interest figures, which provides additional information regarding the type of trading activity that takes place in the market on a given date. Finally, we analyse empirically …
Redistribution, selection, and trade
2017
Abstract This paper examines the distributional effects of international trade in a general equilibrium model with heterogeneous agents and a welfare state redistributing income. The redistribution scheme is financed by a progressive income tax and gives the same absolute transfer to all individuals. Ceteris paribus, international trade leads to an increase in income per capita but also to higher income inequality on two fronts. Inter-group inequality between managers and workers increases, and intra-group inequality within the group of managers goes up as well. We show that for a given tax rate, there is an endogenous increase in the size of the welfare state that works against the increas…
A critical empirical study of three electricity spot price models
2012
We conduct an empirical analysis of three recently proposed and widely used models for electricity spot price process. The first model, called the jump-diffusion model, was proposed by Cartea and Figueroa (2005), and is a one-factor mean-reversion jump-diffusion model, adjusted to incorporate the most important characteristics of electricity prices. The second model, called the threshold model, was proposed by Roncoroni (2002) and further developed by Geman and Roncoroni (2006), and is an exponential Ornstein–Uhlenbeck process driven by a Brownian motion and a state-dependent compound Poisson process. It is designed to capture both statistical and pathwise properties of electricity spot pri…