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1). DE is characterised by a large and persistent TB surplus that has built up since the early 2000 s, with a pause in the years of the global financial crisis and a peak at around 8% of GDP in 2015. ES has run a large trade deficit in the early years of EMU, reaching −6% ...
Calculated as 100 times nominal monthly consumption expenditures on energy goods and services divided by total personal consumption expenditures. Data source: BEA Table 2.3.5U, Personal Consumption Expenditures by Major Type of Product and Expenditure, obtained fromEconstats. Dashed line is drawn at ...
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The aim of this review is to present an overview of these mechanisms and to identify new potential regulatory functions for cholesterol and ceramides in the endocannabinoid system. To enrich the discussion, some relevant unpublished data obtained by Di Scala, Yahi, Fantini, and Chahinian are also...
For this purpose, white noise covariance matrix is needed, Σ𝜀=𝑊Σ𝜀𝑊′Σε=WΣεW′ which is diagonal matrix with positive element diagonal elements and 𝑊W is lower triangular matrix with unit diagonal. The decomposition could be obtained from the Choleski decomposition Σ𝜀=𝑃...
Although based on a chronological overview, we can identify an upward trend in the number of securities required to maximize the reduction of unsystematic risk, the results obtained depending on a wide range of different factors. If we observe financial markets in recent years, we can see that...