Journal of Economic Studies: Volume 50 Issue 7

Investor bias, risk and price volatility

Ali Yavuz Polat

This study proposes a framework based on salience theory and shows that focusing on one type of risk (idiosyncratic or systemic) can explain overpricing of securities ex ante, and…

Deal or No Deal: comparing individual and group choices in a risky context

Andrea Morone, Marco Santorsola, Paola Tiranzoni

The authors believe that comparing individuals to groups' decision making is crucial provided that many important choices in society are made by groups, i.e. committees, governing…

Accept or reject a ride? This is the problem

Elaheh Fatemi Pour, Seyed Ali Madnanizdeh, Hosein Joshaghani

Online ride-hailing platforms match drivers with passengers by receiving ride requests from passengers and forwarding them to the nearest driver. In this context, the low…

Economic growth, poverty traps and cycles: productive capacities versus inefficiencies

Germana Giombini, Francesca Grassetti, Edgar Sanchez Carrera

The authors analyse a growth model to explain how economic fluctuations are primarily driven by productive capacities (i.e. capacity utilization driven by innovations and…

A Russian carol: impact and dependence on global equity markets during the Ukraine invasion

Victoria Ferrández-Serrano, Pedro L. Angosto-Fernández

The authors present a study of the short-term impact of the Russian–Ukrainian war on global equity returns. The study aims to show that the conflict was priced into markets and…

The effects of conventional and unconventional monetary policy on the unemployment rate in the US

Pradyumna Dash

The purpose of this paper is to investigate the impact of the Federal Reserve's conventional and unconventional monetary policy shocks on the US unemployment rate.

Should the monetary authorities be sensitive to inequality concerns? Empirical evidence for a panel of 62 countries

Juan Ignacio Martín-Legendre, Pablo Castellanos-García, José Manuel Sánchez-Santos

This paper aims to study, by means of an empirical approach, how monetary policy might affect the distribution of individual income.

Governmental stability and emigration in Sub-Saharan Africa: the role of skills and gender

Cristian Barra, Nazzareno Ruggiero

Using data for a set of 32 Sub-Saharan countries over the years 2000, 2005 and 2010, the paper investigates the effects of domestic governmental stability upon emigration and…

The financial market's ability to forecast economic growth: information from sectoral movements

Hardik Marfatia

Financial market holds superior information that can give insights into the future trajectory of economic growth. Further, identifying sectors that hold the key to future economic…

Economic policy uncertainty and the UK demand for money: evidence from the inter-war period

Taufiq Choudhry

This paper empirically investigates the effect of economic policy uncertainty (EPU) on the UK money demand stability during the inter-war period (1920–1938). Both a narrow…

Dynamic association of economic policy uncertainty with oil, stock and gold: a wavelet-based approach

Rajat Kumar Soni, Tanuj Nandan, Niti Nandini Chatnani

This research unfolds a holistic association between economic policy uncertainty (EPU) and three important markets (oil, stock and gold) in the Indian context. To do same, the…

Measurement and determinants of corruption across Indian states

Kumar Shaurav, Badri Narayan Rath

The purpose of this paper is to measure and investigate the determinants of corruption across Indian states.

Average-profit efficiency and optimal scale sizes with integer data and undesirable outputs

Somayye Karimi Omshi, Sohrab Kordrostami, Alireza Amirteimoori, Armin Ghane Kanafi

Data envelopment analysis (DEA) is a significant method for measuring the relative efficiency of decision making units (DMUs) that use the least inputs, produce the most desirable…

High short interest stocks performance during the Covid-19 crisis: an informational efficacy measure based on permutation-entropy approach

Fotios Siokis

The author examine the performance of a number of high short interest stocks along with the prices of the GameStop stock and three major stock exchange indices, particularly for…