We contribute to the Marxist discussion on the role of the interest rate in the investment and financing decisions of firms, a crucial dimension that has not received sufficient attention in the literature. The market rate ...

Nelson and Siegel curves are widely used to fit the observed term structure of interest rates in a particular date. By the other hand, several interest rate models have been developed such their initial forward rate curve ...

We estimate versions of the Nelson-Siegel model of the yield curve of US government bonds using a Markov switching latent variable model that allows for discrete changes in the stochastic process followed by the interest ...

The failure to recognize the influence of two distinct forms of moral norms can lead to the misattribution of moral behavior to egoistic motives. This is illustrated in the research of Batson and his colleagues (e.g., ...

1. There is increasing recognition that pollination deficits are limiting crop yields world-wide. However, management strategies for optimal insect pollination are still unclear for most crops. Current management focuses ...

Mesoporous films have been shown to exhibit striking behaviors in capillary-driven infiltration experiments. The process has been shown to follow classical Lucas–Washburn dynamics, but the effective pore radius has been ...

This paper analyses the international distribution of GDP per capita growth rates and its dynamics during the twentieth century. We show that the century is characterized by a changing distribution of GDP per capita growth ...

This paper presents a two-agent economy, in which each agent has a consumption-dependent time preference. The optimal dynamic paths of accumulation will tend to one of many possible steady states, depending on the location ...

This paper empirically investigates how economic activity in Argentina at regional and provincial (i.e., state) levels responds to central national monetary policy shocks, as given by a change in the interest rate. Regional ...

This paper investigates a multi-terminal source coding problem under a logarithmic loss fidelity which does not necessarily lead to an additive distortion measure. The problem is motivated by an extension of the information ...