This book presents and discusses current research in the field of economics. Topics discussed include labor market imperfections and endogenous business cycles; invariance in economic dynamics; interest rates in stochastic production economies; a cost of capital analysis of gains from securitisation; modeling and forecasting income tax revenue; equity markets and economic development; links between monetary policy, inflation, output and unemployment in the Euro zone; and, expansion of mean-variance analysis in emerging equity markets and security markets in emerging economies.
Preface; Transitional Dynamics & Welfare Effects of the Public Investment; Levy Processes & Option Pricing by Recursive Quadrature; Labor Market Imperfections & Endogenous Business Cycles; Analyzing Economic Policy Using High Order Perturbations; Invariance in Economic Dynamics & the Sustainable Development Issue; Endogenous Capital Utilization & Depreciation under Capital Maintenance in the AK Growth; Social Status, the Spirit of Capitalism, & the Term Structure of Interest Rates in Stochastic Production Economies; On the Investment-Uncertainty Relationship; Realized Volatility & Correlation Estimators under Non-Gaussian Microstructure Noise; Why Increased Knowledge Does Not Necessarily Improve Trading Success: A Monte-Carlo Simulation; Temporal Disaggregation of Time Series: A Review.