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IFAC Continues to Advocate for Convergence in Global Sustainability Standards
International Federation of Accountants Global Sustainability Standards public interest
2021/5/20
IFAC, the International Federation of Accountants, which comprises 180 member and associate organizations and represents 3 million professional accountants globally, continues its work to support the ...
Testing for Market Efficiency with Transactions Costs: An Application to Convergence Bidding in Wholesale Electricity Markets
Market Efficiency Transactions Cost
2015/7/31
With risk neutral traders and zero transactions costs, the expected value of the
di erence between the current forward price and the spot price of a commodity at the
delivery date of the forward con...
Point process bridges and weak convergence of insider trading models
point process bridge Glosten-Milgrom model Kyle model insider trading equilibrium weak convergence
2012/6/5
We construct explicitly a bridge process whose distribution, in its own filtration, is the same as the difference of two independent Poisson processes with the same intensity and its time 1 value sati...
Producer price disparities in the EU agriculture: divergence or convergence?
convergence EU agriculture producer prices integration agricultural markets
2014/2/24
The issue of price disparities in the EU commodity markets has given rise to a fair amount of empirical and theoretical research. Price convergence studies were generally on the aggregate level, and i...
Looking for the evidence of socio-economic convergence within the European Union
convergence European Union 27 GDP capita unemployment inequality CEEC
2014/2/27
The purpose of this paper is to analyze the evidence and impact of the EU integration between 1999 and 2009 on the EU regional economic growth and the socio-economic convergence. A regional convergenc...
Keynesian Macrodynamics: Convergence, Roads to Instability and the Emergence of Complex Business Fluctuations
Keynesian dynamics wage and price Phillips curves persistent business cycles
2010/12/6
We reformulate the traditional AS-AD growth model, with a Taylor policy rule replacing the conventional LM-curve. The essential features of the model are gradually adjusting wages and prices, perfect ...
Convergence of Income Growth Rates in Evolutionary Agent-Based Economics
Convergence Income Growth Rates Evolutionary Agent-Based Economics
2010/10/21
We consider a heterogeneous agent-based economic model where economic agents have strictly bounded rationality and where income allocation strategies evolve through selective imitation. Income is cal...
Consolidation theories and push-down accounting: achieving global convergence
consolidation theory push-down accounting global convergence
2010/10/18
This paper examines the parent, entity, and traditional theories of consolidation
with a focus on the relevance and representational faithfulness of the information each
provides to decision makers....
Forward-convex convergence of sequences in $\mathbb{L}^0_+$
Forward-convex convergence of sequences
2010/10/18
For a sequence in $\mathbb{L}^0_+$, we provide simple necessary and sufficient conditions to ensure that each sequence of its forward convex combinations converges to the same limit. These conditions...
Pricing Bermudan options using nonparametric regression: optimal rates of convergence for lower estimates
Bermudan options Nonparametric regression Boundary condition；Suboptimal stopping rule
2010/11/1
The problem of pricing Bermudan options using Monte Carlo and a nonparametric regression is considered. We derive optimal nonasymptotic bounds for a lower biased estimate based on the suboptimal stopp...
Price levels convergence of consumer expenditures in the European Union
European Union, EU-enlargement, comparative price level, consumption expenditures
2014/3/20
The convergence of price levels is one of the important aspects of a real convergence and is often viewed as a
criterion for the evaluation of preparedness. The convergence process of comparative pri...
AGRICULTURAL INCOME AND PRODUCTIVITY IN THE EUROPEAN UNION: CONVERGENCE OR DIVERGENCE AMONG MEMBERS ?
AGRICULTURAL INCOME PRODUCTIVITY EUROPEAN UNION: CONVERGENCE DIVERGENCE MEMBERS
2014/6/27
Sound increases in agricultural productivity and incomes have been from the very begining two of the main goals of the Common Agricultural Policy of the European
Economic Community (now European Unio...