Explore intertemporal equilibrium, an essential economic concept that analyzes how current and future decisions affect ...

A financial “security” is nothing more than a claim on some stream of cash flows that investors expect to be delivered into ...

Long-term expectations for the Global Market Index (GMI) remained steady at a 7%-plus pace for the annualized total return ...

Abstract: Epidemic models have been used to analyze various spreading phenomena in the population, and usually consider that the spreading object does not change in the spreading process. Yet ...

We investigate the optimal time-consistent use of foreign exchange interventions (FXI) in a small open economy model driven by endowment and portfolio flow shocks, with endogenous FX market depth and ...

The vehemence of the response revealed something more profound than a disagreement over beer. No critics acknowledged the actual market structure they were describing. Their objections rested on the ...

Competitive enzyme inhibition happens when an inhibitor competes with the substrate to bind to the enzyme’s active site. This type of inhibition is characterized by the competitive inhibitor with a ...