How to Solve the Price Puzzle? PDF Download
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Author: Marek Rusnák
Publisher:
ISBN: 9788073442415
Category :
Languages : en
Pages : 37
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Book Description
Author: Marek Rusnák
Publisher:
ISBN: 9788073442415
Category :
Languages : en
Pages : 37
Get Book Here
Book Description
Author: Carl Chiarella
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 12
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Book Description
Author: Paolo Giordani
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The Stockholm School of Economics presents the full text of the December 4, 2000 working paper entitled "An Alternative Explanation of the Price Puzzle," written by Paolo Giordani. The text is available in PDF format. This paper features an explanation for the appearance of a price puzzle in vector autoregression models (VAR) designed for monetary policy analysis, finding that the answer implies a close connection between theory and empirics.
Author: Roshan Perera
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 280
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Book Description
Author: Clément Deslandes
Publisher: MIT Press
ISBN: 0262373734
Category : Mathematics
Languages : en
Pages : 233
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Book Description
Ingeniously designed mathematical riddles to delight armchair—and seasoned—mathematicians, in high school and beyond. In The Price of Cake, brothers Clément and Guillaume Deslandes have assembled a uniquely rich and accessible collection of mathematical riddles, organized by difficulty and accompanied by unique hand-drawn illustrations. The challenges are exceptional in both their range and their precision. There are no “tricks” here—just good math to test your skills. While any student will be thrilled to encounter fresh presentations of classic conundrums such as Simpson’s paradox, Hilbert's infinite hotel, Monty Hall’s paradox, and Seven Bridges of Königsberg, seasoned solvers will also appreciate challenging original puzzles using the Axiom of Choice and Conway’s Soldiers problem. The Deslandes’ lucid and elegant solutions offer new insights, as they seamlessly connect the skills applied in each problem to broader theoretical revelations. Moreover, as Fields Medalist Cédric Villani writes in his preface, these riddles are much more than just exercises. They capture “a certain dose of decorum and mystery,” and to decipher them will require both imagination and tenacity. To aid you on this journey, the authors provide hints to each puzzle, detailed proofs and solutions, and a series of Math Refreshers to revisit important concepts that are used to arrive at those answers. Entertaining and rigorous in equal measure, The Price of Cake is bound to captivate mathematics enthusiasts and students of all levels.
Author: Jan Y. Yang
Publisher: Springer Nature
ISBN: 3031520602
Category :
Languages : en
Pages : 153
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Book Description
Author: Jan Y. Yang
Publisher:
ISBN: 9783030507787
Category : Business
Languages : en
Pages : 173
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Book Description
The price of virtually any product or service can reveal intriguing stories. The author looks back at his own decade-long pricing journey and shares some of the most exciting and insightful pricing stories, allowing readers to see the world from a different angle. From pricing a chilled Coke in Tehran, to iPhone, to explaining the fall of MUJI, this book reveals the rationales behind and outcomes of various pricing strategies. The author also presents a number of stories from China, a "price wonderland" in which he, both as a consumer and a pricing consultant, has observed unconventional pricing practices rarely found elsewhere, such as the frequent use of negative prices among tech unicorns, i.e., sellers paying consumers to use their products. Structured as a collection of short stories, the book offers a delightful and eye-opening reading experience for business owners, managers, and anyone interested in understanding what prices are, and how pricing works and interacts with us as customers.
Author: William Charles Weld
Publisher:
ISBN:
Category :
Languages : en
Pages : 58
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Book Description
Nominal prices of common stocks have remained constant at around $30 per share since the Great Depression as a result of firms splitting their stocks. It is surprising that firms actively maintained constant nominal price for their shares while general prices in the economy went up more than ten fold. This is especially puzzling given that commissions paid by investors on trading ten $30 shares are about ten times those paid on a single $300 share. We estimate, for example, that had share prices of General Electric kept up with inflation, investors in that stock would have saved $100 million in commissions in 2005. We review potential explanations, including signaling and optimal trading range and find that none of the existing theories are able to explain the observed constant nominal prices. We suggest that the evidence is consistent with the idea that Norms (e.g. Akerlof, 2006) can explain the nominal price puzzle.
Author: Efrem Castelnuovo
Publisher:
ISBN:
Category :
Languages : en
Pages : 51
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Book Description
This paper re-examines the empirical evidence on the price puzzle and proposes a new theoretical interpretation. Using structural VARs and two different identification strategies based on zero restrictions and sign restrictions, we find that the positive response of prices to a monetary policy shock is historically limited to the subsamples associated with a weak central bank response to inflation. These subsamples correspond to the pre-Volcker period for the United States and the period prior to the introduction of the inflation targeting framework for the United Kingdom. Using a micro-founded NewKeynesian monetary policy model for the US economy, we then show that the structural VARs are capable of reproducing the price puzzle from artificial data only when monetary policy is passive and hence multiple equilibria arise. In contrast, this model never generates on impact a positive inflation response to a policy shock. The omission in the VARs of a variable capturing the high persistence of expected inflation under indeterminacy is found to account for the price puzzle observed in actual data.
